Grain and soy futures jump as cattle herd surprise hits markets
Grain and soy futures rally for the first time in over two weeks as commodity markets reverse losses. A government report shows U.S. cattle herd larger than expected, dampening next week's cattle futures. Chicago Board of Trade quotes show corn and soybean gains, with August soybeans leading. Fasco Hand Tools reports strong second quarter earnings with net income of 2.653 million or 19 cents per share, up 25 percent from a year earlier, driven by higher sales in automotive tools and margins.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
Bunt Valley
Prnewswire
Fasco Hand Tools, Inc
TOOL
Robert E. Anderson
Basco
Baltimore Gas and Electric calls bonds for redemption
Baltimore Gas and Electric Co. says it will redeem all its 9-7/6 percent Series bonds due Aug 1 2005 and redeem the 3-7/6 percent series on Sept 1 1988 at 100.62 percent plus accrued interest. Bankers Trust Co. trustee handles the sinking fund redemption. Transfer books for the 9-7/8 percent series will close Sept 1 1988. LINTHICUM Md BTR Realty withdraws $36 million Convertible Subordinated Debenture offering due to higher rates hurting shareholders.
MENTIONED IN THIS ARTICLE
Baltimore
Prnewswire
Baltimore Gas and Electric Co
NYSE
BGE
Bankers Trust Co
Linthicum, Md
BTR Realty Inc
BTRI
Vernon D. Kalkman
Chicago Board of Trade Futures Snapshot
Table of grain futures prices with Sep and Mar contracts, bid and ask figures, and daily sales volume recorded by the Chicago Board of Trade. The data shows mixed movements across months with notable activity in September and May contracts as markets react to shifting supply signals.
Dukakis backs anti takeover laws amid massachusetts battles
In Massachusetts Governor Michael Dukakis allies with business leaders to curb hostile takeovers. He championed state anti takeover measures after Gillette and Federated bidding episodes and called for tougher federal antitrust enforcement while examining merger activity and greenmail concerns.
MENTIONED IN THIS ARTICLE
Boston
Gillette Co
Michael
Dukakis
Gillette
Campeau Corp
Federated Department Stores
Federal Trade Commission
Filene
Polaroid Corp
Greenmail
Harvard Business School
Rosabeth Moss Kanter
Wall Street
Reagan
Les Fabuss
Shearson Lehman Hutton Inc
Senate
William Proxmire
D-Wis
Lic
Forbes Magazine
Prices rise for farmers as drought hits July output
The Agriculture Department reports a 3.6 percent July rise in prices paid to farmers from June due to higher costs for corn soybeans and eggs, with oranges cattle and hogs offsetting gains. Compared with July last year prices were 10 percent higher. Weather and drought continue to strain crops and livestock, reducing projections for 1988 production and raising feed costs.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Agricultural Statistics Board
John Bucie
National Agricultural Statistics Service
Chicago Board of Trade
USDA
Cora
Also Mentioned on This Page
Fasco
Balt. Gas Sinking Fund
BTR Realty
Chicago Board of Trade Futures
Chicago
Massachusettes
John Hanson
Treasury
Ana
Sigale Opsis
Conpeutidédeas
Maree Psec
FCNB
Frederick County National Bank
North Market Street
Rosemont Avenue
Patrick Street
Opossumtown
Buckeystown Pike
FDIC
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