📄 reut2-017.sgm
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harvested last campaign of 217,000.
Winter rape plantings were forecast at 627,000 ha against a
previous estimate of 621,000 and 375,000 rpt 375,000 harvested
in 1985/86.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21661" NEWID="17011">
<DATE>21-APR-1987 12:11:18.43</DATE>
<TOPICS><D>gold</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1591reute
r f BC-ENERGEX-MINERALS-<EGX 04-21 0101</UNKNOWN>
<TEXT>
<TITLE>ENERGEX MINERALS <EGX> MAY RUN UP TO THREE PITS</TITLE>
<DATELINE> VANCOUVER, British Columbia, April 21 - </DATELINE><BODY>Energex Minerals
Ltd said economic evaluation of reserves indicates high-grade
operation from three open pits may be feasable based on
five-year operation at 100 tons a day, a payback of less than
1-1/2 years.
An increase in the project's life, profitability and scale
is anticipated as additional reserves are developed in 1987,
the company said.
Current reserves are one mln long tons at 0.20 ounce gold
per ton, all categories; proven-probable 262,242 long tons at
0.25 ounce gold per ton, the company said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21662" NEWID="17012">
<DATE>21-APR-1987 12:13:27.73</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F Y
f1605reute
r f BC-dome-<dmp>-executives 04-21 0083</UNKNOWN>
<TEXT>
<TITLE>TURNER TO MEET WITH DOME <DMP> EXECUTIVES</TITLE>
<DATELINE> Ottawa, April 21 - </DATELINE><BODY>Liberal Party leader John Turner said he
will meet with senior executives of Dome Petroleum Ltd in
Calgary tomorrow to discuss the proposed sale of Dome.
Turner's office said he will hold a news conference
tomorrow at 1400 MDT (1600 EDT) in Calgary.
Turner, who is opposition leader in Parliament, has
criticized Dome's acceptance of a 5.1 billion dlr takeover bid
from Amoco Corp <AN> as a sell-out of Canada's oil industry.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21663" NEWID="17013">
<DATE>21-APR-1987 12:13:34.25</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1606reute
r f BC-NEW-YORK-TIMES-<NYT> 04-21 0079</UNKNOWN>
<TEXT>
<TITLE>NEW YORK TIMES <NYT> SEES UNEVEN GAINS IN 1987</TITLE>
<DATELINE> HUNTSVILLE, Ala., April 21 - </DATELINE><BODY>The New York Times Co said
that if prevailing business conditions continue, the company
sees "another outstanding year, although the remaining quarters
of 1987 will probably not show uniform gains."
The company's first quarter earnings rose 21 pct to 41.1
mln dlrs or 50 cts a share compared to 33.9 mln dlrs or 42 cts
a share in the year-ago quarter restated for a two-for-one
stock split.
The company also said its newspaper division, which
includes the New York Times and 32 regional newspapers, had a
first quarter operating profit of 69.8 mln dlrs compared with
60.7 mln dlrs in the year-ago first quarter mainly due to
advertising volume and rate increases.
The company's magazine division, which includes "Family
Circle," had a first quarter profit of 9.7 mln dlrs compared to
7.4 mln dlrs in the year ago quarter.
The company's broadcasting and cable tv group reported an
operating profit of 2.9 mln dlrs compared to 2.6 mln dlrs in
the year-ago first quarter.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21664" NEWID="17014">
<DATE>21-APR-1987 12:14:27.18</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F A RM
f1611reute
u f BC-BANKERS-TRUST-<BT>-TI 04-21 0115</UNKNOWN>
<TEXT>
<TITLE>BANKERS TRUST <BT> TIES NET TO CURRENCY EARNINGS</TITLE>
<DATELINE> NEW YORK, April 21 - </DATELINE><BODY>Bankers Trust New York Corp said its
first quarter foreign exchange trading income rose to 82.8 mln
dlrs from 20.9 mln dlrs in the first qtr of 1986, offsetting
the bank's 7.4 mln dlr loss incurred from placing 540 mln dlrs
of Brazilian loans on a non-accrual status.
Earlier, the bank reported that first quarter net income
increased to 124.2 mln dlrs, or 1.77 dlrs a share, from 115.9
mln dlrs, or 1.64 dlrs a share, a year ago.
Bankers Trust chairman Alfred Brittain III said increased
non-interest income, a lower provision for loan-losses and
increased net interest income also helped first quarter net.
Bankers Trust previously announced that the 540 mln dlrs in
non-accruable Brazilian loans would cut its first quarter
earnings by 7.4 mln dlrs, and could slice about 30 mln dlrs
from the full year's net.
Bankers Trust said non-interest income in the first quarter
equaled 275.4 mln dlrs, up 37.1 mln dlrs from a year ago.
Loan losses fell in the quarter to 22 mln dlrs, versus 40
mln dlrs a year ago while taxable net interest income remained
flat at 266 mln dlrs, the bank said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21665" NEWID="17015">
<DATE>21-APR-1987 12:15:12.80</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F Y
f1618reute
r f BC-ALTEX-<AII>-TO-SELL-O 04-21 0072</UNKNOWN>
<TEXT>
<TITLE>ALTEX <AII> TO SELL OILFIELD SERVICES ASSETS</TITLE>
<DATELINE> DENVER, April 21 - </DATELINE><BODY>Altex Industries Inc said it agreed to
sell the assets of its wholly-owned oilfield service
subsidiary, Parrish Oil Tools Inc.
The price and buyer were not disclosed.
Altex said Parrish had a loss from operations of 428,000
dlrs on revenues of 881,000 dlrs in fiscal 1986 and a loss from
operations of 48,000 dlrs on revenues of two mln dlrs in fiscal
1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21666" NEWID="17016">
<DATE>21-APR-1987 12:17:02.35</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1633reute
r f BC-IMARK-INDS-<IMAR.O>-V 04-21 0041</UNKNOWN>
<TEXT>
<TITLE>IMARK INDS <IMAR.O> VOTES ANNUAL 25 CT DIVIDEND</TITLE>
<DATELINE> GENESEO, ILL., April 21 - </DATELINE><BODY>Imark Industries Inc said its
directors approved payment of an annual dividend of 25 cts on
May 21, record May seven.
The company paid the same dividend last year.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21667" NEWID="17017">
<DATE>21-APR-1987 12:17:09.99</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1634reute
r f BC-DUQUESNE-LIGHT-<DQU> 04-21 0083</UNKNOWN>
<TEXT>
<TITLE>DUQUESNE LIGHT <DQU> HURT BY LEGISLATION</TITLE>
<DATELINE> PITTSBURGH, APril 21 - </DATELINE><BODY>Duquesne Light Co president Wesley
von Schack told shareholders that current state law and
regulatory policies will result in higher capital rates and
higher rates for customers.
"Pennsylvania's recently enacted excess capacity
legislation denies shareholders the opportunity to earn a fair
return on their investment and undermines economic development
in Pennsylvania," von Schack told shareholders at the annual
meeting.
Von Schack said two major bond rating agencies have recently
downgraded Duquesne's credit rating due to regulatory
uncertainty. The action will result in higher capital rates and
higher rates for customers, he said.
He said the Pennsylvania Utility commission indicated in
its most recent rate case decision that even if newly
constructed Perry No. 1 nuclear plant was in commercial
operation, shareholders would be denied a return on their
investment in the plant. Von Schack called on shareholders to
join it and certain legislators' efforts to create a
partnership to fight these issues and resolve these problems.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21668" NEWID="17018">
<DATE>21-APR-1987 12:17:49.31</DATE>
<TOPICS><D>interest</D><D>money-fx</D><D>gnp</D></TOPICS>
<PLACES><D>kuwait</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f1638reute
r f BC-CREATIVE-MONETARY-POL 04-21 0109</UNKNOWN>
<TEXT>
<TITLE>CREATIVE MONETARY POLICY TO SPUR KUWAITI ECONOMY</TITLE>
<AUTHOR> By Rory Channing, Reuters</AUTHOR>
<DATELINE> KUWAIT, April 21 - </DATELINE><BODY>Kuwait, a major oil producer hit by last
year's price slump, is leaning towards a more creative monetary
policy to help spur its economy, banking sources said.
"There is a clear emphasis on encouraging the use of money
in productive ventures, rather than having it all tied up in
interest bearing investments which have no direct productive
outlet," one banker said.
Kuwait's Central Bank yesterday cut one key money market
rate and abandoned another which had been used since February
1986 to direct inter-bank borrowing and lending costs.
The bank reduced to six pct from 6-1/2 pct the rate at
which it will offer funds of one month to one year in the
inter-bank market. This, in turn, affected retail rates.
The cut, the third this year, followed a major overhaul of
interest rate policy last month which Central Bank Governor
Sheikh Salem Abdul-Aziz al-Sabah said was designed to revive
the economy.
One banker said "There is growing flexibility, creativity,
in interest rate policy, amid an awareness of the need to
diversify the economy by stimulating the non-oil sector."
For the first time in nearly three years domestic interest
rates are now significantly below those for the U.S. Dollar, a
favourite haven for Gulf speculative and investor funds in the
past, banking sources said.
Despite uncertainties generated by the 6-1/2 year old Iran-
Iraq war on Kuwait's northern doorstep, bankers play down the
prospect of any significant capital flight.
The Kuwaiti dinar, whose value is set by the Central Bank
and was fixed today at 0.27095/129 to the dollar, is stronger
now than for several years.
Fears that the dollar may fall further will prompt second
thoughts among Kuwaiti investors prepared to consider switching
funds into the U.S. Currency, the sources said.
"There is a distinct exchange rate risk," they added.
Bankers said the dollar slump hurt many investors behind
the last major capital outflow in 1984, encouraged then by 18
pct U.S. Interest rates and the start of Iranian attacks on
neutral shipping in the Gulf.
The Central Bank calculates its dinar exchange rate against
a basket of currencies. Bankers do not know the basket's exact
make-up but say it is weighted heavily in favour of the dollar.
Some bankers believe any strengthening of the dinar beyond
0.27000 to the dollar might provoke investors into shifting
funds into the U.S. Currency. "They may ask:When will the dollar
be so cheap again?" one said.
And with dinar interest rates now roughly one pct below
those for the dollar, they say the Central Bank faces a
delicate balancing role requiring further flexibility.
Bankers said the current, expansionary interest rate policy
is only part of a broader attempt to encourage local investment
and strengthen the backbone of the economy.
They estimate the economy, measured in terms of GDP and
allowing for inflation, shrank 19 pct in 1986 after an 8.1 pct
contraction the previous year.
Bankers also noted recent measures to stimulate stock
market activity, capped today by sharp cuts in brokerage fees
to make it cheaper for investors to trade.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="NOT-USED" CGISPLIT="PUBLISHED-TESTSET" OLDID="21669" NEWID="17019">
<DATE>21-APR-1987 12:23:33.91</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f1672reute
r f BC-CSX-<CSX>-UNIT-CHAIRM 04-21 0065</UNKNOWN>
<TEXT>
<TITLE>CSX <CSX> UNIT CHAIRMAN RETIRES</TITLE>
<DATELINE> WHITE SULPHUR SPRINGS, W. Va., April 21 - </DATELINE><BODY>CSX Corp said
that Joseph Abely, chairman and chief executive officer of
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