📄 reut2-010.sgm
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r f BC-S.P.I.-SUSPENSION-<SP 03-26 0046</UNKNOWN>
<TEXT>
<TITLE>S.P.I. SUSPENSION <SPILF> WINS CONTRACT</TITLE>
<DATELINE> NEW YORK, March 26 - </DATELINE><BODY>S.P.I. Suspension and Parts Industries
Ltd said it won four multi-year contracts from the U.S. Army
worth 34.5 mln dlrs.
The contracts, for wheels on U.S. Army vehicles, will run
for five years beginning 1987.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15553" NEWID="10032">
<DATE>26-MAR-1987 12:46:20.26</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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d f BC-DISCUS-CORP-<DISC>-4T 03-26 0046</UNKNOWN>
<TEXT>
<TITLE>DISCUS CORP <DISC> 4TH QTR LOSS</TITLE>
<DATELINE> BLOOMINGTON, Minn., March 26 -
</DATELINE><BODY>Shr loss six cts vs loss seven cts
Net loss 125,000 vs loss 140,000
Rev 2.4 mln vs 2.2 mln
Year
Shr loss 13 cts vs loss 14 cts
Net loss 271,000 vs loss 211,000
Rev 10.1 mln vs 8.2 mln
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15554" NEWID="10033">
<DATE>26-MAR-1987 12:48:35.24</DATE>
<TOPICS></TOPICS>
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<PEOPLE></PEOPLE>
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<TEXT TYPE="BRIEF">
******<TITLE>ENTERTAINMENT PUBLICATIONS DISCONTINUES THREE UNITS
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15555" NEWID="10034">
<DATE>26-MAR-1987 12:49:18.15</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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d f BC-CFTC-OFFICIALS-SEE-NO 03-26 0106</UNKNOWN>
<TEXT>
<TITLE>CFTC OFFICIALS SEE NO MERGER WITH SEC</TITLE>
<DATELINE> WASHINGTON, March 26 - </DATELINE><BODY>Officials of the Commodity Futures
Trading Commission (CFTC) said merging the agency with the
Securities and Exchange Commission (SEC) would not help
regulation of commodities and securities markets.
"I don't think that a merger would solve regulatory
problems," CFTC chairman Susan Phillips told the House
Subcommittee on Conservation, Credit and Rural Development.
"I think what does solve our problems would be working with
other agencies in a strong capacity," she said in response to a
question. "We don't want agencies to trample on our
jurisdiction either."
CFTC Commissioner Fowler West said, "We ... do not have the
expertise to regulate securities markets. I don't think the SEC
has the expertise to regulate the futures markets."
Increased attention to price volatility in stock index
futures markets and reports of alleged futures trading abuses
have raised concerns Congress may adopt a radically different
regulatory structure for securities and futures markets.
Rep. John Dingell (D-Mich.), chairman of the House Energy
and Commerce Committee, which has jurisdiction over securities
regulation, has said he will hold hearings on the questions of
market volatility and alleged trading abuses.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15556" NEWID="10035">
<DATE>26-MAR-1987 12:49:31.85</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<TEXT TYPE="BRIEF">
*****<TITLE>ENTERTAINMENT PUBLICATIONS SEES 31 CTS/SHR 3RD QTR LOSS ON UNITS DISPOSAL
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15557" NEWID="10036">
<DATE>26-MAR-1987 12:50:43.81</DATE>
<TOPICS></TOPICS>
<PLACES><D>poland</D></PLACES>
<PEOPLE><D>jaruzelski</D></PEOPLE>
<ORGS></ORGS>
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u f BC-POLAND-FIRM-ON-ECONOM 03-26 0092</UNKNOWN>
<TEXT>
<TITLE>POLAND FIRM ON ECONOMY DESPITE CONCESSIONS</TITLE>
<AUTHOR> By Irena Czekierska, Reuters</AUTHOR>
<DATELINE> WARSAW, March 26 - </DATELINE><BODY>The Polish government has backed down
from some proposed price rises in the face of strong opposition
from trade unions, but has restated its commitment to economic
reforms entailing tougher discipline and austerity measures.
Following a warning from the officially-backed OPZZ unions
that sharp price hikes could spark confrontation, the
government has agreed that food prices this year will rise an
average 9.6 pct instead of the planned 13 pct.
A statement last night said the government had "partially
accepted" demands for the protection of the low-paid and agreed
to extend some social benefits.
But Polish leader Wojciech Jaruzelski, at a separate
meeting yesterday, sharply criticised the slow pace of reforms.
He told an economic commission that tougher discipline and
austerity measures, greater efficiency and initiative should
replace waste, red tape and inertia. He announced cost-cutting
measures affecting central administrative bodies.
OPZZ economic expert Zbigniew Kochan welcomed the move on
food prices. "This decrease was considerable," Kochan told
Reuters today. "Also important is the fact that the government
admitted we were right and agreed to consult us over prices
from now on," he added.
The communique made no mention of curbs on wage increases,
or price rises in sectors including transport and energy.
The authorities have said prices could go up by as much as
26 pct as state subsidies are sharply reduced in an effort to
make the market more free and to improve efficiency.
The OPZZ unions are officially recognised by the government
and replaced the Solidarity movement suppressed under martial
law. They claim a membership of seven million.
Western diplomats said today the climb-down on food prices
was a limited concession. "This is a small price to pay if they
can push through the other price rises," one said, adding that
fuel and energy rises would have a more significant effect.
He noted that there had been a concerted media campaign to
prepare people for price rises, including a major article in a
mass-circulation women's magazine, "clearly aimed at those who
do the shopping," he said.
Other articles in the official press this week have focused
on coal, which sells to both industrial and private consumers
at far less than either the production or export costs.
Countering scepticism from opposition sources and former
Solidarity activists as to OPZZ's role, Kochan said "It was
definitely not a question of gaining credibility, but true
concern for people's living standards."
Deputy Prime Minister Jozef Koziol said the authorities'
main aim was not to harm workers' living standards. But he was
also quoted by the official PAP news agency as saying the
government had to take current economic realities into account.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15558" NEWID="10037">
<DATE>26-MAR-1987 12:50:49.04</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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r f BC-PAY-'N-PAK-STORES-INC 03-26 0043</UNKNOWN>
<TEXT>
<TITLE>PAY 'N PAK STORES INC <PNP> 4TH QTR FEB 28 NET</TITLE>
<DATELINE> KENT, Wash., March 26 -
</DATELINE><BODY>Shr 11 cts vs 13 cts
Net 1,129,000 vs 1,301,000
Revs 83.2 mln vs 74.5 mln
Year
Shr 57 cts vs 82 cts
Net 5,686,000 vs 8,168,000
Revs 398.4 mln vs 333.8 mln
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15559" NEWID="10038">
<DATE>26-MAR-1987 12:50:57.93</DATE>
<TOPICS><D>gas</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<COMPANIES></COMPANIES>
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<TEXT>
<TITLE>(CORRECTED) - MOBIL <MOB> TO UPGRADE REFINERY UNIT</TITLE>
<DATELINE> NEW YORK, March 26 - </DATELINE><BODY>Mobil Corp said it will spend over 30
mln dlrs to upgrade a gasoline-producing unit at its Beaumont,
Texas, refinery.
It said the unit is a catalytic reformer, which converts
low-octane components of gasoline into high-octane components
for use in Super Unleaded gasoline.
The company said the modernization will allow the unit to
regenerate catalysts on a continuous basis without shutdown.
Currently, it must be shut twice a year. The unit produces
46,000 barrels of gasoline components a day. Construction will
start late this year, with completion set for mid-1989.
(Correcting unit's output to barrels/day from barrels/year)
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15560" NEWID="10039">
<DATE>26-MAR-1987 12:59:20.16</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>cbt</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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d f BC-CFTC-SPECULATIVE-LIMI 03-26 0141</UNKNOWN>
<TEXT>
<TITLE>CFTC LIMIT PLAN MAY NOT REVERSE LIQUIDITY DROP</TITLE>
<DATELINE> WASHINGTON, March 26 - </DATELINE><BODY>A proposal by the Commodity Futures
Trading Commission, CFTC, to raise federal limits on futures
speculative positions for certain agricultural commodity
contracts would not reverse a decline in liquidity in those
markets that started in 1981, two CFTC commissioners said.
Commissioners William Seale and Kalo Hineman told a House
Agriculture subcommittee a recent proposal that would have the
effect of raising deferred month speculative position limits on
several agricultural commodity contracts would not
substantially increase liquidity in those months.
"I seriously doubt that increasing speculative limits will
create a great deal of liquidity in the back months," Seale
told the House Agriculture Subcommittee on Conservation, Credit
and Rural Development.
Analysts have attributed much of the liquidity squeeze to a
1981 tax law change, which by changing the treatment of
so-called straddles limited the ability of futures commission
merchants to roll positions forward for tax purposes.
CFTC Chairman Susan Phillips said only that the commission
would take into account Congress' recommendation that federal
speculative limits be raised.
The Chicago Board of Trade and the MidAmerica Commodity
Exchange have expressed concern that the CFTC plan would
decrease spot month limits for certain of their contracts.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15561" NEWID="10040">
<DATE>26-MAR-1987 13:00:01.51</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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d f BC-AMERICAN-NURSERY-PROD 03-26 0073</UNKNOWN>
<TEXT>
<TITLE>AMERICAN NURSERY PRODUCTS <ANSY> 3RD QTR NET</TITLE>
<DATELINE> TAHLEQUAH, Okla., March 26 - </DATELINE><BODY>Qtr ends Feb 28
Shr profit five cts vs profit four cts
Net profit 191,000 vs profit 108,000
Revs 6,561,000 vs 5,896,000
Avg shrs 3.6 mln vs 2.5 mln
Nine mths
Shr loss 28 cts vs loss 40 cts
Net loss 871,000 vs loss 990,000
Revs 9,310,000 vs 8,894,000
Avg shrs 3.1 mln vs 2.5 mln
NOTE: Full name American Nursery Products Inc.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="15562" NEWID="10041">
<DATE>26-MAR-1987 13:00:14.13</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>sweden</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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