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CRASH HINDERS MERGER

Ronald Gift Mullins |
The planned merger between two insurance groups may be delayed following the death of three executiv

LET THE SHOE WARS BEGIN: SPONSOR FACES MATCH WITH AMBUSHER AT THE OLYMPICS

Robin Bulman |
Even as the world's top athletes gather in Atlanta today to settle the quadrennial question of who r

DOCKER PACT DRIVES WEDGE BETWEEN TRUCKERS, SHIP LINES

Bill Mongelluzzo |
Truckers are feuding with ocean carriers over a new three-year West Coast waterfront contract that e

JOURNAL OF COMMERCE - FAST FACTS \ RESEARCH AND DEVELOPMENT: FEDERAL CIVILIAN SPENDING

Office of Management and Budget |
No text.

BRIEFS

From Wire and Staff Reports |
SHIPSport of santosstrike settledLONDON - Workers at Brazil's Port of Santos returne

NMU OFFICIALS FACE JAN. 6 TRIAL DATE

Journal Of Commerce Staff |
National Maritime Union President Louis Parise Sr., his son and another union official were released

INCREASED EARNINGS REPORTED BY 3 RAIL HOLDING COMPANIES

Rip Watson |
Three railroad holding companies reported higher second-quarter earnings, with CSX Corp. and Union P

RAILROADS, 3 UNIONS SETTLE 2 STILL TALKING

Rip Watson |
A tentative agreement between major railroads and three unions representing shop workers steps up th

SPLASHDOWN

JOC Staff |
Photo only

TWA 800 DISASTER FANS TERRORISM FEARS \ EXPERTS CONSIDER BOMB A LIKELY CAUSE

Michele Kayal |
The crash of TWA 800, the second-worst international aviation disaster in U.S. history, has raised a

STINK RAISED OVER BAG BARGE

Peter Tirschwell |
In a scenario beginning to look like the wandering garbage barge that couldn't find a home, Hong Kon

FOREIGN EXCHANGE

JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among

COST OF CREDIT

JOC Staff |
Thursday, July 18, 1996(Percentages Per Year) INTERNATIONAL INTEREST RATESCanada

GREENSPAN COMFORTS THE MARKETS DOLLAR MIXED

Knight-Ridder Financial |
The U.S. dollar was mixed as stocks and bonds rose Thursday on the prospect for no near-term rise in

FED SEES PRESSURE GROWING FOR WAGE AND PRICE RESTRAINT

Tom Connors |
The limited wage and price increases that have allowed the Federal Reserve Board to keep its foot of
Maritime

BRIEFS

From Wire and Staff Reports |
SHIPBUILDER, STEAMERNAMED HALL OF FAMERSKINGS POINT, N.Y. - Shipbuilder Homer Ferguson and t

SHIP FIXTURE BREAKDOWN

Ship fixtures are a product of Knight-Ridder Financial, TNT, |
GLOSSARYAR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule

MECHANICAL FAILURE CALLED REMOTE POSSIBILITY IN TWA TRAGEDY

William Dibenedetto |
Airline officials and safety inspectors were unable to say Thursday what caused TWA Flight 800 to fa

UNITED SAYS ROUTE SETS RECORD

Associated Press |
It's a smoker's nightmare. United Airlines' new 8,280-mile trip between Chicago and Hong Kong - bill

PAN AM 103 FAMILIES PUSH IRAN, LIBYA SANCTIONS

Michael S. Lelyveld |
On a day of shock and grief over the midair explosion of a TWA jet, the families of Pan Am Flight 10

JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX

The Center for International Business Cycle Research at |
(1)SPOT PRICE INFLATION RATE, SMOOTHED, ANNUALIZED, July 21, '95 - July 18, '96 (a graph)* A

TWA CRASH PUTS SECURITY IN SPOTLIGHT

Tom Baldwin |
Security was on everybody's mind in the wake of the Trans World Airlines Flight 800 disaster Wednesd

EXPORTS AND GENERAL IMPORTS _ SELECTED COMMODITY GROUPINGS \ (CENSUS BASIS _ IN MILLIONS OF DOLLARS)

U.S. Commerce Department |
May 1996 April 1996 Cumulative 1996 EXPORTS* IMPORTS** EXPORTS* IMPORT
Maritime

LEESON ELECTRIC CORP.

Maria Carlino |
They run solar-powered motor bikes in Bangkok, operate computer peripherals in India and move treadm
Maritime

BRIEFS

From Wire and Staff Reports |
MCDONNELL DOUGLAS NETUP IN SECOND QUARTERNEW YORK - McDonnell Douglas Corp. Thursday reporte

MITSUBISHI ANNOUNCES RECALL TO REPAIR BRAKE HOSE DEFECT

Reuters |
Mitsubishi Motors Corp., Japan's third-biggest carmaker, said Thursday it was recalling almost 300,0
Maritime

EU BEGINS MAJOR PROBE OF DANISH SUBSIDIES

Bruce Barnard |
The European Commission on Thursday launched a massive investigation of the shipbuilding industry th

TEAMSTERS WARMLY HAIL REICH BUT FAIL TO ENDORSE CLINTON

Journal Of Commerce Staff |
Teamsters delegates gave one of warmest receptions of a badly divided convention to Labor Secretary

RUSSIAN BANKS SEE VOTE OF CONFIDENCE IN AFTERMATH OF PRESIDENTIAL ELECTION

Knight-Ridder Financial |
The liquidity crisis that has bedeviled Russia's commercial banks in the past few weeks appears to b
Maritime

CGM SUBSIDY WINS APPROVAL

Bruce Barnard |
The European Commission cleared a controversial $646 million government subsidy to Compagnie General

COMMERCE SHRUGS OFF LARGE MAY TRADE DEFICIT

Richard Lawrence |
The U.S. trade deficit in May soared to nearly $10.9 billion, the highest monthly level since the la

MAY EXPORTS, SEASONALLY ADJUSTED

U.S. Census Bureau tables, adapted by Paul Schaffer. |
Vs. Vs. Vs. Vs.Value prior 2 mos. 1995 1994 mil. $ mo. back
Maritime

BRIEFS

From Wire and Staff Reports |
M.I.M. HOLDINGSBUILDING NEW MINEBRISBANE, Australia - M.I.M. Holdings Ltd. said it will spen

CHEMICAL PRICES

Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of July 18, 1996Quotations are based on prices reported in the market or obtained from su

MAY IMPORTS, SEASONALLY ADJUSTED

U.S. Census Bureau tables, adapted by Paul Schaffer. |
Vs. Vs. Vs. Vs.Value prior 2 mos. 1995 1994 mil. $ mo. back
Maritime

GASOLINE PRICES

JOC Staff |
July 18, 1996RESELLER RACK Unleaded Mid- Premium-Unle

MALAYSIA'S PETRONAS GOES GLOBAL \ MOVE SEEN AS BULWARK AGAINST ANY DOWNTURN

Ramthan Hussain |
From Argentina to Indochina, the Malaysian national oil company Petronas is putting in place the bui

KR-CRB FUTURES INDEXES

JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Wednesday at 246.60 off 1.31

SPOT METALS PRICES

JOC Staff |
Commercial QuantityAluminum ingots_ $1,300-$1,500 per ton lots

JAPANESE TRADE SURPLUS PLUNGES

Associated Press |
In its biggest decline in 16 years, Japan's overall merchandise trade surplus plunged 40 percent in
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