@L|}6CD l0C)HCC WhL/h `CmCDiD`  R@P1  Y0@R !L` D  C D     )16CS S)  C)D1 p p 0 C9DI pCDL~CiCDiD`SOYBEAN PRICES MAY INCREASE AS BRAZIL SUFFERS DRY WEATHER. FRESH REPORTS OF POOR SOVIET CROP BUOY SOYBEANS. SOY}BEAN FARMERS FEAR EARLY FROST IN MIDWEST. BULLISH POTENTIAL PERCEIVED IN NEW SOYBEAN CROP. POSSIB}LE USSR BUYING OF U.S. SOYBEANS SPURS MARKETS. SOYBEAN ANALYSTS SEE HIGHER QUOTES. SOYBEAN F}ARMERS HOLD BACK CROPS UNTIL CROP DAMAGE KNOWN. TRAIN TRANSPORT SHORT AND SOYBEAN CROPS ARE DUE. BOARD SAYS A}USTRALIA PROBABLY WILL IMPORT WHEAT NEXT YEAR. WHEAT PRICES MAY RISE ON HOPES FOR QUICK END TO RAIL STRIKE.PART OF U.S. WI }NTER WHEAT CROP TAINTED BY TOXINS. WHEAT STORAGE AND RISING EXPORTS MAY LEAD TO PRICE RECOVERY.INDIA REPORTEDLY I }N MARKET FOR TWO MILLION TONS OF WHEAT. BERGLAND SAYS ARGENTINA WON'T FILL WHEAT GAP FOR RUSSIA. AUSTRALIAN WHEAT CROP }S FEARED DAMAGE BY WEATHER. LACK OF SUBSOIL MOISTURE PERILS WINTER WHEAT. SHORTAGE OF SLAUGHTER CA }TTLE COULD RAISE CONTRACT PRICES. CATTLE PRICES MAY RISE AS MIDWEST SNOW THREATENS SUPPLIES. CATTLE FEEDLOT INVENTORY DO }WN 9% TO LOWEST LEVEL SINCE 1967.INCREASE IN CATTLE SLAUGHTER POINTS TO TIGHTER BEEF SUPPLY. HIGHER CATTLE PRICES EXPECTED.} NUMBER OF CATTLE BEING FATTENED FOR SLAUGHTER OFF 11%. FARM AGENCY SAYS TIGHT CATTLE SUP}PLIES EXPECTED TO CONTINUE.ANALYSTS STAY BULLISH ON CATTLE PRICES. COMMODITIES EXPERTS SEE HOGS AS SIX-}MONTH BEST BETS. U.S. HOG AND PIG INVENTORY BELOW LAST YEAR. HOG PRICES EXPECTED TO RISE AS SUPPLIES} DWINDLE. PORK BELLY MARKET ANALYSTS STILL BULLISH. SHORTAGE OF FROZEN PORK BELLIES IS FEARED.} PORK-BELLY PRICES MAY SURGE AS DROP IN PRODUCTION IS SEEN. PORK FUTURES MAY RISE DESPITE HIGH RATE OF HO}G SLAUGHTERING.PORK DEMAND CALLED POSSIBLE SIGN OF EATING HABITS CHANGE. STRIKE HALTS COFFEE EXPORTS FROM COLOMBIA. } WITH COFFEE SCARCE IN N.Y. SELLERS OF FUTURES ARE PINCHED. U.S. ESTIMATES SHARP DROP IN BRAZIL COFFEE OUTPUT. } AGENCY SAYS BRAZIL'S COFFEE CROP WAS DAMAGED SEVERLY. RUMORS OF FROST IN BRAZIL MAY CAUSE COFFEE PRICES TO J}UMP. EL SALVADOR'S COFFEE CROP THREATENED BY SPREADING PLIGHT. BRAZIL RAISES EXPORT PRICE FOR GREEN COFFEE 5C A POUND. } COLUMBIA ACTS TO LIMIT COFFEE OUTPUT IN BID TO AVOID GLUT. AMERICAN AGRONOMICS SAYS FREEZE CUT ORANGE CROP 50%. }BRAZIL TEMPORARILY SUSPENDS ORANGE JUICE EXPORTS. FROST IN FLORIDA TO RAISE ORANGE JUICE PRICES. AG}ENCY SEES SMALLER FLORIDA ORANGE CROP. JUICE PRICES EXPECTED TO RISE ON WORD OF FLORIDA HURRICANE. WAVE }OF ORANGE JUICE PRICE BOOSTS EXPECTED. JUICE FUTURES EXPECTED TO CLIMB ON FEAR OF FLORIDA FREEZE. FLORIDA'}S ORANGE CROP HURT BY RECORD COLD WEATHER. YAMANI SAYS COLD WAVE MAY REDUCE OIL GLUT. CABINET PAN}EL MULLS LIFTING LIMITS ON U.S. OIL EXPORTS. ANALYST CONSIDERS HEATING OIL A BUY. SOME SAY HEATI}NG OIL SUPPLY COULD TIGHTEN. HEATING OIL FUTURES WARM TO COLD WEATHER. HEATING OIL MARKE}T ANALYSTS EXPECT HIGHER PRICES. PRICES EXPECTED TO MOVE UP ON RUMORS OF SAUDIS' OIL PLANS. TEXACO OIL REFINERY }WORKERS REJECT OFFER---CONTINUE STRIKE. MOST LUMBER FUTURES ANALYSTS BULLISH. LUMBER PRICES SHOULD RI }SE AS DEMAND OUTPACES SUPPLY. LUMBER BUYERS' TIGHT STOCKS SPARK DEMAND IN SPOT MARKET. CALIFORNIA HOUSING STARTS !}UP 32.7%. HOUSING INDUSTRY BOOMING IN SOME PARTS OF SUN BELT. TREE FARMERS' RANKS SWELLED B"}Y BETTER OUTLOOK FOR LUMBER. CANADIAN HOUSING STARTS INCREASED 23%. HOUSING ECONOMIST SEES SHARP REC#}OVERY IN HOUSING. GILL & DUFFUS CUTS COCOA SURPLUS FORECAST. COCOA PRICES MAY RISE ON RUMOR OF I$}NCREASE BUYING BY ICO. COCOA PRODUCERS DETECT SIGNS OF PRICE RECOVERY. COCOA CROP SURPLUS REVISED DOWNWARD. %} CANDY MAKERS TESTING FATTER CHOCOLATE BARS. HERSHEY TO BOOST PRICE AND WEIGHT OF ITS &}CANDY BARS. COCOA PRICE COULD REBOUND---SURPLUS OUTPUT A BARRIER. SWISS LOOKING FOR CHOCOLATE MARKETS IN DEVEL'}OPING NATIONS. GOLD SHOULD SOAR ON RUMOR ARGENTINA MAY REPUDIATE ITS DEBT. SOME GOLD BUGS STILL SEE PRICE RISE TO $2,000 (}OUNCE. EXPATRIATES BUOY DEMAND FOR GOLD IN PERSIAN GULF AREA. GOLD BUYING SAID INCREASING AMONG UNITED ARAB EMIR)}ATES. SOUTH AFRICAN MINE EXECUTIVE SEES HIGHER GOLD PRICE. ANALYST TURNS TO BULL FROM BEAR ON GOLD. *} JAPANESE DEMAND FOR GOLD FINALLY MOUNTING. CONTINUED WORLD WIDE UNREST EXPECTED TO LIFT GOLD PRICES+}. U.S. DECISION TO DELAY SILVER SALE COULD SEND PRICE SOARING.PERU PLANS TO WITHHOLD SILVER FROM MARKET TO BOOST PRICE. ,} SILVER MARKET SHOWS SIGNS OF LIFE AGAIN. EXPERTS EXPECT SILVER PRICES TO MOVE UPWARD. S-}ILVER PRICE BUOYED IN RUSH BY TRADERS FROM SHORT POSITIONS.KODAK RAISING FILM PRICES DUE TO SURGE IN PRICE OF SILVER. SILV.}ER ANALYSTS CLAIM THEY HAVEN'T SPIED PEAK YET. SILVER PRICES MAY SURGE IN WAKE OF MID-EAST FIGHTING. THE STO/}CK MARKET IS REACTING TO THE ECONOMIC RECOVERY. JOHN NEFF SEES STOCK MARKET RECOVERY IF RATES GO LOWER. SEC CHIEF 0}OPTIMISTIC ABOUT STOCK MARKET PRICE OUTLOOK. LOW-PRICED SHARES LEAD STOCK MARKET ADVANCES. STOCK MARKET 1}TIMERS DIDN'T FORESEE RALLY. THE S&P INDEX IS EXPECTED TO HAVE AN UPWARD TREND. THE STOCK MARKET2} SHOULD MOVE UP ON ANALYSTS RECOMMENDATIONS.ACTIVE TRADING MAY PUSH STOCK INDEX FUTURES UP. YIELDS EXPECTED TO 3}RISE AT NEXT SALE OF TREASURY BILLS. INDIVIDUAL INVESTORS STEP UP PURCHASES OF TREASURY BILLS. HIGH INTEREST RATES FU4}EL UAW INCREASE IN LIQUID ASSETS. MILTON FRIEDMAN SEES REVERSAL OF RECENT INTEREST-RATE DROP. ANALYSTS SEE LITTLE CHANC5}E OF INTEREST RATES DECLINE SOON. INTEREST RATES SEEN RISING DESPITE MONEY SUPPLY DROP. FED BUYING $1.2 BILLION TREA6}SURY BILLS FOR CUSTOMER. YIELDS RISE AT AUCTION OF 90 DAY TREASURY BILLS. SWISS FINANCE MINISTER URGES CO7}ST-CUTTING TO BALANCE BUDGET.SWITZERLAND SAYS EGYPT SEEKS SWISS LOAN FOR DEFENSE SYSTEM. SWISS UNEMPLOYMENT STAYED AT 0.2% 8}IN NOVEMBER. SWISS EXPORTS ROSE 9.1% IN THE FIRST HALF. FUJI BANK TRIES FOR SWISS SOURCE OF L9}ONG-TERM FUNDS. SWISS BALANCE OF TRADE FIGURES ARE POSITIVE. ANALYSTS EXPECT SWISS EXPORTS TO RISE NE:}XT YEAR. THE SWISS FRANC IS EXPECTED TO RISE VS U.S. DOLLAR. JAPAN EXPECTS $1 BILLION 1981 TRADE SURPLUS;}. EC AIDE SAYS EFFORTS TO SLIM TRADE GAP WITH JAPAN FAILED. JAPAN POSTS TRADE SURPLUS WITH U.S. OF $250 MI<}LLION. JAPAN TO STEP UP EFFORTS TO STABILIZE PRICES--SPUR ECONOMY. BANK OF JAPAN HEAD PREDICTS 2ND HALF RALLY BY ECO=}NOMY. U S AND JAPAN REACH TENTATIVE SETTLEMENT IN TRADE DISPUTE. JAPAN EASES TRADE AND LOAN SANCTION AGAINST SOVIET U>}NION. EXPERTS EXPECT THE YEN TO MOVE UP RAPIDLY. CONTINENTAL GRAIN UNIT EXPANDING SOYBEAN PLANT. ?} U.S. TRIMS SOYBEAN CROP ESTIMATE BY 1%. ESTIMATED SOYBEAN ACREAGE DOWN 2%. @} SOUTHERN FARMERS SOYBEAN PLANTINGS WON'T CHANGE MUCH. AGRICULTURE DEPT. WEIGHS RESERVE PLAN FOR SOYBEANS. A}SOVIETS INQUIRE ABOUT BUYING BRAZILIAN SOYBEANS. SPECULATIVE PLAY IN SOYBEANS ATTRACTS TRADERS. SOYB}BEAN FUTURES ARE REPORTED MIXED. SOME ANALYSTS SEE PRICE RISE DESPITE RECORD U.S. WHEAT CROP.ANALYSC}TS DIFFER ON ESTIMATES OF WINTER WHEAT PRODUCTION. DEKALB AGRESEARCH SET TO SELL HYBRID-WHEAT RESEARCH UNIT. BURLINGTOD}N NORTHERN SUED BY WHEAT SHIPPERS OVER RATES. POISON FOUND IN ONTARIO'S WINTER WHEAT CROP. U.S. AND CANE}ADA MARK TIME ON INTERNATIONAL WHEAT ACCORD. CANADIAN WHEAT ACREAGE OFF 1% THIS YEAR FROM PREVIOUS YEAR. CANADA WHEAT CRF}OP ESTIMATED AT 1.5% ABOVE YEAR EARLIER. NUMBER OF U.S. CATTLE AND CALVES DOWN 1%. CATTLE ON FEED UP G}2% FROM YEAR EARLIER. IOWA BEEF PROCESSORS TO USE SATELLITES IN CATTLE BUYING. U.S. CATTLE INVENTORYH} UP SLIGHTLY FROM YEAR EARLIER. CHICAGO MERCANTILE EXCHANGE PROBING CATTLE-FUTURES CASE. U.S. ARGENTINA IN PACT TI}O HIKE TRADE IN CATTLE HIDE. CATTLE HERD REBUILDING BEGINS--PRICES WON'T DROP AT FIRST. FARMERS SLOWLY REBUILDING CJ}ATTLE HERDS. DROP IN SLAUGHTERING OF HOGS MAY SIGNAL END TO DOLDRUMS. HOG ANALYSTS SPLIT ON NEAR-TERK}M PRICE OUTLOOK. HOG COUNT ACCURACY REMAINS MUDDY. PORK BELLY TRADING THIS SUMMER MAL}DE BIG WINNERS AND LOSERS. PORK BELLY PRICES CAUGHT BY CONTRADICTORY SIGNALS. PORK PRODUCERS WIN COURT BATTLE IN NM}ITRITE LABELING CASE. PORK BELLY FORECASTS ARE MIXED. STUDY INDICATES SLIGHT CONSUMER SHIFT AN}WAY FROM PORK. WORLD COFFEE PACT FACES TOUGH SESSION AS PRODUCERS QUARREL. COFFEE MARKET AWAITS TEST OF NEW PRICE-SUPO}PORT PACT. ANALYSTS SPLIT ON COFFEE PRICE PROSPECTS. COFFEE SAMPLER PLEADS GUILTY TO DEFRAUDING COP}FFEE EXCHANGE. COFFEE EXCHANGE PROBES DELIVERY OF "MISIDENTIFIED" COFFEE. COLOMBIA RAISES COFFEE PRICES ON DOMESTIC MARKETQ}S. GENERAL FOODS AIMS AD CAMPAIGN AT SPURRING COFFEE DRINKERS. BRAZIL RAISES EXPORT TAXES ON GREEN AND INSTANT COFR}FEE. U.S. ORANGE PRODUCTION DOWN 4% FROM ESTIMATE. FLORIDA ORANGE JUICE CROP CAN BE SAVED IF WEATHER PERMS}ITS. U.S. AGENCY CUTS ESTIMATE OF FLORIDA ORANGE HARVEST BY 2%. RETAIL PRICE OF ORANGE JUICE COULD EASE AS SUPPLY GROWS. T} ORANGE PRODUCTION FORECAST UNCHANGED AT 239 MILLION BOXES. U.S. TRIMS ESTIMATE OF ORANGE CROP BY 1%. U}FROST DAMAGE WORRY STILL MOVES ORANGE JUICE MARKET. AGENCY SAYS FLORIDA ORANGE CROP TO BE 4% BELOW LAST YEAR. OIV}L BROKER FOUND GUILTY OF OBSTRUCTING JUSTICE. HEATING OIL ANALYSTS HAVE MIXED FEELINGS. TELPHW}ONE SALES FIRMS TOUT OIL-LEASE LOTTERY GAME. DESPITE OIL WEALTH NIGERIA FACES PROBLEMS. DIRECTIOX}N OF HOME HEATING OIL FUTURES UNCERTAIN. UNIONS PROTEST MOBIL PLANS TO CLOSE AMSTERDAM REFINERY. SELLER OF OY}IL FUTURES CHARGED WITH WIRE FRAUD. ARCO SAID TO PONDER SALE OF PHILADELPHIA REFINERY. HOME BUILDERS Z}GROUP PREDICTS MODEST RISE IN HOUSING STARTS. ADMINISTRATION ANNOUNCES 'MODEST' HOUSING STIMULUS PLAN. ECONOMIST SEES HO[}USING INDUSTRY IMPROVING SLIGHTLY. PRESIDENTIAL PANEL FORMED TO STUDY HOUSING PROBLEMS. ROWE FURNITURE CORP \}TO END WOOD TABLE PRODUCTION. SLOW HOUSING RECOVERY EXPECTED WORLD-WIDE. U.S. HOUSING STARTS FEL]}L 0.4% THIS MONTH. NORTH CAROLINA STARTS PLAN TO HELP FINANCE HOUSING. EFFECT OF COUP IN GHANA ON^} COCOA OUTPUT ISN'T CLEAR. COCOA ANALYSTS FOCUS ON WOES OF SHAKY CARTEL. IVORY COAST SAID TO SUSPEND C_}OCOA EXPORTS FOR 3 MONTHS. COCOA PACT SNAG ISN'T CLEAR CASE FOR BEARS. AFRICAN NATIONS WITHDRAW FROM IN`}FORMAL COCOA AGREEMENT. HEINZ BUYS MAJORITY STAKE IN ITALIAN CANDY COMPANY. M&M BOOSTS CANDY PRICES--DENIES HIKa}E TIED TO LARGER BAR. IROQUOIS BRANDS SELLS YOO-HOO CHOCOLATE BEVERAGE CORP. SOUTH AFRICA ARRANGES GOLD SWAPS TO HEb}LP FINANCE DEFICITS. BRITAIN TO BEGIN PRODUCING GOLD HALF SOVEREIGNS TODAY. SOUTH AFRICA'S GOLD OUTPUT FELL 2% THIS Yc}EAR. SOUTH AFRICA THINK TANK DEVELOP GOLD PRICE FORECASTING TOOL.CENTRAL BANKS ARE BIGGEST GOLD BUYERS. d} GOLD TRADERS DIVIDED ABOUT PRICE DIRECTION. JUDGE FREEZES ASSETS OF MEN ACCUSED OF FRAUD INe} GOLD SALES. RHODE ISLAND HOSPITAL TRUST MAY BE TOP U.S. GOLD BROKER. TWO SENTENCED TO JAIL TERMS FOR SILVER FRAUD. f} GSA OFFICIAL SAYS SILVER SALE HAS SMALL EFFECT ON PRICE. IDAHO OFFICIALS PROTEST SALE OF SILVER FROM U.S. STOCg}KPILE. SAUDI INVESTOR SUES SWISS BANK OVER SILVER LOSSES. IMPACT OF SILVER SURPLUS ON PRICE SEEN OFFSET. h} SILVER SUPPLY AND DEMAND FINALLY NEARING BALANCE. PRICE FLUCTUATIONS SEEN IN SILVER. i} CHANGED NATURE OF U.S. SILVER MARKET SPARKS CONCERN. AN APPRAISAL:DEBATE CONTINUES ON COURSE OF STOCK MARKET. Sj}TOCK MARKET MAGAZINE CHARGED BY SEC WITH SECURITIES FRAUD. KUWAIT STOCK MARKET BOOMS---BUT IT MAY BE HEADED FOR CRASH. LOSTk} SHARES AND DRUG RUMORS TAINT PENNY STOCK MARKET. S&P INDEX MIXED THIS WEEK. FUTURESl} MARKET MIXED ON S&P INDEX. THE DOW INDUSTRIALS ARE OFF 2%. INSTITUTIOm}NS SHOW INTEREST IN STOCK INDEX FUTURES. CREDIT SUISSE-FIRST BOSTON TO DEAL IN U.S. TREASURY BILLS. WOJNILOWER SAn}YS INTEREST RATE DECLINE IS MOSTLY OVER. AFTER BRIEF RISE, INTEREST RATES LIKELY TO DROP. ECONOMISTS SAY Io}NTEREST RATE DECLINE MAY BE ALMOST AT END. ECONOMISTS OFFER MIXED VIEWS ON ECONOMY AND INTEREST RATES. U.S. ECONOMIST DOESp}N'T SEE SHARP DROP IN INTEREST RATES. WEIDENBAUM SAYS FAST INTEREST RATE DROP DEPENDS ON CONGRESS.DROP IN INTEREST RATESq} PROBABLY TO BE SLOW AND MAY NOT LAST.SWISS BANK AIDES DON'T SEE ECONOMIC RECOVERY FOR WEST. MAJOR SWISS BANKS CUT TIMr}E DEPOSIT RATES BY 1 PERCENT. TIGHTENED SWISS BANK CODE OF CONDUCT NOW IN EFFECT. SWISS CABINET SUPPORTS SWISSs} ENTRY INTO IMF AND WORLD BANK. SWISS BANKS LOSING THEIR APPEAL AS PROBLEMS APPEAR. SWISS GOVERNMENT PROPOSES UNITEt}D NATIONS MEMBERSHIP. SWISS COUNCIL OKAYS NUCLEAR PLANT---OPPOSITION EXPECTED. SONY CORP AND SWISS FIRM IN TECHNOu}LOGY AGREEMENT. BANK OF JAPAN GOVERNOR TAKES WAIT AND SEE STAND ON ECONOMY. JAPAN URGES WASHINGTON TO UPHOLD FREEv} TRADE. COMMON MARKET AGAIN HITS JAPAN ON TRADE. JAPAN-EC AGREE ON SOME MEASURES TO IMPROw}VE TRADE RELATIONS. EC WARNS JAPAN ON TRADE GAP--GETS ASSURANCE OF MODERATION. U.S. AIDES REPORT SOME PROGRESS IN TRADE TAx}LKS WITH JAPAN. U.S. TRADE PANEL TO PROBE JAPAN METAL EQUIPMENT IMPORTS. UPCOMING JAPANESE ELECTIONS MAY EFFECT THE YENy}. U.S. SOYBEANS FORECAST AT RECORD LEVELS. SOYBEAN PRICE WATCHERS ARE MOSTLY BEARISH. z} SOYBEAN PRICES MAY DROP AS IMPACT OF SMALLER CROP IS OFFSET.SOYBEAN PRICES FACE POTENTIAL DEPRESSANTS. {} SOYBEANS LESS PROFITABLE FOR FARMERS--PLANTING DOWN. SOYBEAN FUTURES OUTLOOK CALLED BEARISH BY ANALYSTS. |} FORECASTERS SEE SOYBEAN CROP UP 13%. U.S. SEES 2.02 BILLION BUSHEL SOYBEAN HARVEST--UP 11%. }} U.S. WINTER WHEAT PRODUCTION IS FORECAST AT RECORD HIGH. CANADA WHEAT BOARD ESTIMATES GRAIN STOCKS AT RECORD LEVELS. ~}ANALYIST SEES BIGGER WHEAT HARVESTS THIS YEAR. RECORD U.S. WINTER-WHEAT HARVEST IS EXPECTED. FUR}THER WHEAT PRICE DROP SAID POSSIBLE. CHINA WHEAT PURCHASES FROM AMERICA ARE REDUCED WINTER} WHEAT PLANTING UP SUBSTANTIALLY. U.S. ARM SAYS WHEAT STOCKS TO RISE 10% MORE THAN FORECAST. CATTLE ON} FEED IN U.S. UP 7% TO 8.8 MILLION HEAD. U.S. REPORT EXPECTED TO SHOW CATTLE HERDS ARE EXPANDING. CATTLE ON FE}ED SURGED 39%--PRICE DROP IS EXPECTED. ANALYSTS SAY REPORT TO SHOW MORE CATTLE ON FEEDLOTS. SCABIES FOUND O}N CATTLE IN CAUSES DELIVERY CANCELLATION. HIGH NUMBER OF HEAVY CATTLE BEING DELIVERED CAUSES WOES. MEXICO TO RESUME E}XPORTS OF CATTLE MEATS TO U.S.. CATTLE ARE REPORTED BEING KILLED BY A NEW STRAIN OF PLAGUE. UNEXPECTED RISE IN PO}RK OUTPUT CONFOUNDS HOG MARKET. PORK PRODUCTION CONTINUES TO EXCEED EXPECTATIONS. HOG PRICES EXPECTED TO P}LUMMET ON U.S. REPORT ON HOG SUPPLY.HOG HERDS DIPPED AGENCY SAYS--PRICES ARE LIKELY TO DECLINE. U.S. REPORTS BOLSTER BEARIS}H OUTLOOK FOR PORK BELLIES. HOG FARMERS' PRODUCTION PLANS SEEN CURBING PRICES. HOG FARMERS EXPECTED TO BOOST }BREEDING OVER NEXT FEW MONTHS.ANALYSTS SAY LOW NOT REACHED IN PORK BELLY MARKET. ESTIMATES OF BRAZIL COFFEE CROP D}AMAGE ARE SCALED DOWN. AGRICULTURE DEPARTMENT SEES RECORD COFFEE HARVEST. ANALYSTS SEE MORE ROOM ON DOWNSIDE F}OR COFFEE. GOOD WEATHER REPORT IN BRAZIL COULD DROP COFFEE FUTURES. DROP IN RAW COFFEE PRICE SEEN WITH SPRI}NG RAINS IN BRAZIL. COFFEE ORGANIZATION MAY CALL MEETING TO STUDY PRICE DROP. VENEZUELA/ MEXICO MOVE TO PROP SAGGING COF}FEE PRICES. OVERSUPPLY PROBLEM SEEN IN COFFEE MARKET. JUICE PRICES MAY FALL AS FLA. WEATHER FORECA}STS IMPROVE. O.J. PRICES SHOULD PLUMMET AS FLORIDA TEMPERATURE RISES. FLORIDA ORANGE CROPS ESCAPE FROST DAMAGE. } ANALYSTS EXPECT LOWER PRICES ON FROZEN ORANGE JUICE FUTURES.LOWER FROZEN ORANGE JUICE PRICES EXPECTED. } LOWER PRICES EXPECTED ON ORANGE JUICE CONCENTRATE. BEARS ON FROZEN ORANGE JUICE OUTNUMBER BULLS. } POISONED ORANGE JUICE TURNS OFF CONSUMERS. SOVIETS APPARENTLY IN CASH CRUNCH--SELL HEATING OIL. } TRADE BEARISH ON HEATING OIL FUTURES. FUNDAMENTALS WEAK IN HEATING OIL FUTURES. }PHILLIPS PETROLEUM TO CLOSE 80000-BARREL-A-DAY REFINERY. STANDARD OIL UNITS AGREE TO BUILD SAUDI REFINERY. TH}E OIL GLUT IS CONTINUING TO PUSH PRICES DOWNWARD. OIL FUTURES EXPECTED TO SLIP DOWNWARD. WARM }WINTER PROJECTIONS LOOK GRIM FOR HEATING OIL. ANALYST SAYS TALK OF HOUSING REBOUND PREMATURE. HOUSING }SLUMP REACHING THE CONDOMINIUM MARKET. SICK ECONOMY/ HOUSING MARKET BRING RECORD FORECLOSURE LEVEL.LUMBER FUTU}RES ANALYST SEES NEAR-TERM PRICE DISAPPOINTMENT. LUMBER MILLS CUTTING OUTPUT--HOUSING START PLUNGE CITED. LOWER LUMBER/ }PLYWOOD PRICES ARE FORECAST. JAPAN ASKS U.S. LUMBER FIRMS TO REDUCE EXPORTS 50%. U.S. LUMBER PRODU}CTION OFF 8.8%. THREE COCOA PRODUCING NATIONS SELL BEANS--CUTTING PRICES. COCOA GROUP HARD PRE}SSED TO PROP UP MARKET PRICES. FIFTH STRAIGHT WORLD COCOA SURPLUS SEEN. WORLD COCOA SURPLUS FOR}ECAST REVISED UPWARD. LONG-TERM COCOA OVERSUPPLY SEEN. WORLD COCOA CROP EXPECTED }TO EXCEED CONSUMPTION. HERSHEY FOODS SAYS WORKERS STRIKE MAIN CHOCOLATE PLANT. BRAZIL PLANS COCOA EXPANSION.} PRICE OF GOLD EXPECTED TO SKID FOLLOWING BRIEF RALLY. DEGUSSA SEES GOLD PRICES LOWER A}FTER ATLANTIC WAR ENDS. TREND OF GOLD PRICES SEEN DOWNWARD. SOVIETS SEEN SELLING MORE GOLD DUE }TO CRISIS. SOVIETS SAID HOLDING GOLD FROM MARKET DUE TO LOW PRICES. CONSOLIDATED GOLD SAYS GOLD PRICES TO }FALL FOR NEAR FUTURE. ZURICH DEALERS DENY REPORTS OF MASSIVE SOVIET GOLD SALES. GOLD AUCTION RUMOR SPARKS SELLING OF GOLD} ON COMEX. U.S. PLAN TO SELL SILVER FROM STOCKPILE DEPRESSES PRICES. SILVER PRICE MAY MOVE BELOW CRITICAL LEVEL. } SILVER PRICES MAY FALL BELOW EXPECTATIONS. BIG SWEDISH SILVER FIND ANNOUNCED. } FUNDAMENTALS GIVE SILVER BEARISH TINGE. U.S. ANNOUNCES SALE OF NEARLY ONE MILLION SILVER D}OLLARS. MANY TRADERS SUSPICIOUS OF PRICES---BACK OFF FROM SILVER. GAF SILVER FUTURES LOSS TERMED WARNING FOR HEDGERS. } POLITICAL AND ECONOMIC CLIMATE HURTING STOCK MARKET. MANY NEW EQUITY FUNDS HURT BY WEAKNESS IN STOCK MARKET. } STOCK MARKET SEEN DROPPING. HEARD ON STREET: BAD NEWS TO PUSH STOCK PRICES DOWN. } SENATE TAX BILL PROVISION EXPECTED TO DRIVE DOWN STOCKS. UP & DOWN WALL ST: RECOVERY ISN'T AT HAND FOR STOCKS. U}P & DOWN WALL ST: CAUTION ISSUED ON STOCKS. HEARD ON STREET: STOCKS MAY MOVE UP DESPITE BEAR MARKET. INTE}REST-RATE DECLINE HELPS RETAILERS' CREDIT OPERATIONS. WALLICH SAYS INTEREST RATE DROP LIKELY TO BE LONGER-TERM. TAKEOVE}RS LIKELY TO INCREASE WITH FALLING INTEREST RATES. MFRS HANOVER CHAIRMAN SEES MODERATE INTEREST RATE DROP. MONEY SUPP}LY DROP SEEN LEADING TO INTEREST RATE DROP. U.S. OFFICIAL SEES SHARP DROP IN U.S. INTEREST RATES. FURTHER INTER}EST RATE DROP SEEN DUE TO ECONOMY & FED MOVES. INTEREST RATE DROP SEEN SPURRING NEW OFFERINGS. SWISS TRADE DEFI}CIT WIDENS TO ONE BILLION FRANCS. THE SWISS REPORTED A NEGATIVE TRADE BALANCE. HIGH SWISS INTEREST} RATES ARE DRAWING FOREIGN CAPITAL. SWISS EXPORTS ARE DOWN SHARPLY. UNEMPLOYMENT AND INFLA}TION ARE ON THE RISE IN SWITZERLAND. THE USSR AND SWITZERLAND BROKE OFF TRADE TALKS TODAY. EXPERTS SEE DROP IN SWISS} FRANC. SWISS FRANC SHOULD MOVE DOWN VS THE DOLLAR. COMMERCE DEPT OFFICIAL WARNS} JAPAN ON TRADE RESTRICTIONS. JAPAN HAD A TRADE DEFICIT THIS MONTH. JAPAN PLANS TO TRADE EXPORTS FO}R CHINESE OIL ARE DASHED. CURRENCY FUTURES ANALYSTS EXPECT LOWER YEN. JAPAN TRADE AGENCY SEES CAR EXPORT}S TO U.S. DECLINING. JAPAN POSTS TRADE DEFICIT OF ONE BILLION THIS MONTH. BANK OF JAPAN GOVERNOR PREDICTS JAPAN}ESE TRADE DEFICIT. JAPAN SAYS TRADE DEFICIT WIDENED . VIET CROP BUOY SOYBEANS. SOYU SOYBEANS The soybean comes from a smallpl}ant that supplies feed for animals,food for humans, and raw materials forindustry. The soybean is the world'schea}pest source of protein, having twicethe protein of beef or fish. The soybeanis the 3rd largest U.S. crop, supplying60% of} the world's soybeans.Soybean mealis an important animal feed product.Soybean oil is used for things such asmargarin}e and vegetable shortening. Factors that affect soybean pricesare the size of the world soybean crop,overall }demand for soybean relatedproducts, and weather changes that couldaffect the crop. One so}ybean contract is equal to5000 bushels of soybeans and requires10% margin. The maximum allowable pricechange per t}rading session is 50cents/bushel or $2,500 per contract. WHEAT } Wheat is the world's most importantgrain crop. It covers more of theearth's surface }than any other foodcrop. A years supply would fill afreight train stretching 2 times aroundthe world. Wheat ker}nels are ground intoflour to make bread and other products Factors affecting wheat prices arecrop scares (drough}t, frost, rain),availability of transportation andstorage facilities, domestic wheatproduction, unusual }foreign supply(Argentina, Canada), unusual foreigndemand (USSR, India), and current grainstock levels. } One wheat contract is equal to 5000bushels of wheat and requires a 10%margin. The maximum allo}wable pricechange in a trading session is 20cents/bushel or $1,000 per contract. } CATTLE (Live Beef) Cattle provides us with }productssuch as roast beef, hamburger, milk,cheese, leather, soap, and glue. TheU.S. produces 10% of the world's }cattlewhich account's for 25% of U.S. farmincome. Cattle are raised by a stockeruntil they reach about 700 lbs, then} aresent on to a feedlot until they weigharound 1050 lbs. They are then sold to apacker which slaughters the cattle a}ndsells virtually every portion. Factors that affect cattle pricesare the size of calf crops, inventories}of cattle on feed, the cost of feed, andthe demand for beef relative tocompeting products (pork,poultry,fish). } One cattle contract is equal to40,000 lbs of live beef and requires 10%margin. The maximum allowable pricecha}nge in a trading session is 3.5cents/pound or $1400 per contract. PORK BELLIES } A pork belly is meat from theunderside of a hog. Each hog has twopork b}ellies. Over 95% of pork belliesare smoked and sliced into bacon. Onethird of U.S. farms raise hogs and 25%of all m}eat eaten comes from hogs. Hogsrequire almost 4 lbs of corn for eachpound of growth and are slaughtered whenonly 6 to }8 months old. It is said thatSpanish explorers brought hogs to theU.S. in the 1500's. Factors} that effect pork bellyprices are the price of corn, the sizeof the pig crop, changes in cold storagesupply, and th}e hog retention rate forbuilding new stocks. One pork belly contract is equal to38,000 pounds of} pork and requires 10%margin. The maximum allowable pricechange in a trading session is 4cents/pound or $152}0 contract. COFFEE Coffee beans are} the seeds of smallberries from the aribica tree. Coffee isthe most popular drink in the world asevidenced by the 380 mi}llion cups downedevery day in the U.S.. Eighty percent ofthe worlds coffee comes from Central andSouth America. Coffee wa}s discovered inancient Ethiopia when goats were foundstaying up all night after feeding oncoffee berries. } Factors that affect coffee pricesare the weather (frost, wind), supplyinterruptions (strikes,wars),} success ofthe coffee crop which can vary by afactor of ten, crop damage from disease,and various price support ac}tivities. One coffee contract is equal to37,500 pounds of coffee and requires8.0% margin. The maximum allowabl}e pricechange in a trading session is 8cents/pound or $3,000 per contract. ORANGE JUICE (FCOJ) } Oranges were brought to Florida bythe Spanish in the 1500's and } toCalifornia by the mission fathers in the1700's. These two states provide 95% ofthe U.S. orange crop and one third o}fthe oranges in the world. Threequarters of all oranges end up as frozenconcentrated orange juice (FCOJ). Some}oranges have blood red juice and othersare green until treated with ethylenegas. } Factors that affect orange juiceprices are freezing weather which cankill the trees, sudden heat which cancaus}e the fruit to fall off the trees,insects, and strong winds. One orange juice contract is equalto 15,}000 lbs of FCOJ and requires 8.0%margin. The maximum allowable pricechange in a trading session is 5cents/po}und or $750 per contract. HEATING OIL Heati}ng oil is used as a domesticand industrial fuel. Uses includeheating, electricity generation, anddiesel fuel}. In some areas natural gasis replacing heating oil as the primaryfuel. The U.S. is the 3rd largestpetroleum pro}ducer after Saudi Arabiaand the USSR. Ancient Egyptians coatedtheir mummies with petroleum andAmerican Indian}s had oil wells hundredsof years before the white man came. Factors that affect heating oilprices are refini}ng activity, crude oilprices, seasonal weather patterns,industrial activity, and heating oilinventory levels. } One heating oil contract is equalto 42,000 gallons of oil and requires8.0% margin. The maxim}um allowable pricechange in a single trading session is 6cents per gallon or $2520 per contract. LUMBER (Softw}ood) Softwood lumber consists of 2x4studs between 8 and 20 f}eet long cutfrom the Fir, Spruce, and Pine trees.Residential construction consumes 60% ofthe lumber produced. Land o}f commercialforest value covers 22% of the U.S. andover 30,000 sawmills dot this land. Thefirst sawmill in the U.S. wa}s built inVirginia around 1608. Factors that affect lumber pricesare total production from co}mmercialforests, new housing starts, populationgrowth, mortgage rates, governmentaction in housing and land manag}ement,substitute material prices, weather, andstumpage prices on federal land. One lumber contract is equa}l to100,000 board/feet of wood and requires8.0% margin. The maximum allowable pricechange in a trading session is $7.50 p}er1000 board/feet or $750 per contract. COCOA } The cocoa tree produces beans fromwhich all chocolate products are made.The major producing countries are Ghana,B}razil, Nigeria, and the Ivory Coast.Cocoa had its origins as a luxury drinkof the Aztec empire. Conquistadoresbro}ught cocoa back to Spain in the 16thcentury. In 1828 a Dutch manufacturerinvented chocolate by pressing the fatfrom }the cocoa bean. Forty years later aSwiss candy maker added milk tochocolate, giving us milk chocolate. F}actors that affect cocoa pricesare supply interruptions(war), politicalconditions in producing countries, cropsize, sup}ply forecasts, and demand . One cocoa contract is equal to 10metric tons of cocoa beans and requiresa 6.0% ma}rgin. The maximum allowableprice change in a trading period is $88per ton or $880 per contract. } GOLD Man's romance with gold is as oldas civilizatio}n itself. Both personaland government hoarding of goldtestifies to the centuries old use ofgold as the ulti}mate standard of valuein times of turbulance, depression,inflation, and unrest. The two largestgold producing }countries are SouthAfrica and the USSR. This metal is soductile it can be pounded so thin lightwill pass through it}. One ounce of goldcan be drawn into a 50 mile long thread. Factors that affect gold prices areworld crisis, gold pro}duction, hoardingindustrial demand, government sales,Arab demand, and the world economy. One gold contract }is equal to 100troy ounces of gold and requires 6.0%margin. The maximum allowable pricechange in a trading sessio}n is $10 perounce or $1,000 per contract. SILVER } Some of the most useful andbeautiful objects in the world are madefrom this lustrous, moonbeam} coloredmetallic element. Once the primary metalfor coinage, it is now priced out ofthat market. Photography is n}ow thelargest silver consumer with theelectronics industry coming in second.Canada and the USSR are the la}rgestsilver producers. Factors that affect silverprices are reserves, stability of }theU. S. dollar, government sales,industrial use, price support activities, silver production, an}dinternational unrest. One silver contract is equal to5000 troy ounces of silver and requires}6.0% margin. The maximum allowable pricechange in a trading session is 40 centsper ounce or $2,000 per contract. } S&P 500 STOCK INDEX The Standard & Poor's 500 stockinde}x is a measure of overall stockperformance. The index is used as one ofthe government's 12 leading economicindica }tors. The stock index is comprisedof 500 major stocks traded on the NYSE.In the index each stock is multiplied bythe num }ber of outstanding shares, thuseach stock influences the index inproportion to its market importance. F }actors which affect the S&Pindex are the domestic economy, U.S.monetary policy, political action on theeconomy,  }elections, international tension, and interest rates. One S&P 500 stock index contractis equal to 50 }0 times the S&P index andrequires 6% margin.The maximum allowableprice change in a trading session is 3points or $1,5}00 per contract. Eachpoint on the index is equal to $1.00. 1 YEAR TREASURY BILL } A treasury bill (T-Bill) is aninterest bearing instrument sold by theU.S. Treasury on a }discount basis (lessthan face value). The Treasury Depart-ment uses the T-Bill to borrow money forthe federal government}.A T-Bill yielding10% interest would be quoted at 90.00.Ifyou hold a long position and the indexgoes up you make a profi}t. Factors that affect T-Bill ratesare government cash needs, economichealth, federal reserve a}ctivity, busi-ness cash demand, and money market tone. One T-Bill contract is equal toa one year T-Bill with a $}250,000 facevalue and requires 4.0% margin. Themaximum allowable price change in atrading period is 0.5% or $}1,250 perper contract. } SWISS FRANC The Swiss franc is the currencyof the small European country Sw}itzer-land. The Swiss have a long tradition ofpolitical stability and neutrality. The exchange rate, a for}eigncurrencies value expressed in U.S. dol-lars, is determined by the demand for acurrency by other countries. The prima}ryindicator of this demand is the balanceof trade, which is the net inflow oroutflow of a countries currency after}all foreign transactions are settled. Factors that affect the value ofthe Swiss franc are the trade balance,g}overnment policies, price supportactivities, inflation, interest rates,political stability, and trade treaties. } One Swiss franc contract isequal to 125,000 francs and requires4.0% margin. The maximum allowable pricechang}e in a trading period is .6 centsper franc or $750 per contract. JAPANESE YEN }The Yen is the currency of theisland country of Japan. Japan lay inruins after WW II, but is now consideredone of th}e strongest industrial nations. The exchange rate, a foreigncurrencies value expressed in U.S. dol-lars, is d }etermined by the demand for acurrency by other countries. The primaryindicator of this demand is the balanceof trade, wh!}ich is the net inflow oroutflow of a countries currency afterall foreign transactions are settled. Factors "}that affect the value ofthe Japanese yen are the trade balance,government policies, price supportactivities, infl#}ation, interest rates,political stability, and trade treaties. One Japanese yen contract is equal to12,500,000 yen $}and requires 4.0%margin. The maximum allowable pricechange in a trading session is .006cents per yen or $750%} per contract. EANS The soybean comes from a smallplSOYBEANS WHEAT CATTLE PORK BELLIES COFFEE ORANGE JUICE HEATING OIL LUMBER '} COCOA GOLD SILVER S&P STOCK INDEX 1 YR T-BILLS SWISS FRANC JAPANESE YEN COMMODITY (} INDEX CTS/BU CTS/BU CTS/LB CTS/LB CTS/LB CTS/LB CTS/GAL $KBD/FT $/TON $/OZ CTS/OZ PTS($) PTS(%) CTS/SF CTS/J )}Y PTS BU BU LBS LBS LBS LBS GAL BD/FT TON OZ OZ PTS DOL'S FRANC YEN NOVICE INVESTOR *} SPECULATOR PROFESSIONAL BROKER TYCOON JANFEBMARAPRMAYJUNJULAUGSEPOCTNOVDECSOYWHTCATPRKCFEOJCOILLBRCOCGLDS +}LVSTKTBLFRCYENLONG SHORT 10101001001001001001001101010010001001000010050203.548567.588104030.5 ,}0.66.0E-03500050004000038000375001500042000100000101005000500250000125000125000000.010.010.010.010.010 -}.010.011.0E-03110.0110.010.010.018.53329920.6452111.304396.2405947.40753.33375.2940133.684.2715.0595.333 .}58.18533.333133.33314222.2211111222233334444455556666777778888999910101010101 /}1111111121212121815222951219265121926291623307142128411182529162330613202731017 0}2418152229512192618152261616262626262626616162636264629999.9019999.901999.99999.99999.9999 1}9.99999.99999.999999999999.99999.901999.9999.99901999.999.9999999.991000014999.929999.989999.9249999.9999999. 2}9500000.10.10.10.10.080.080.080.080.060.060.060.060.040.040.0411112222444455513263952657 3}891104 WHEAT CATTLE PORK BELLIES COFFEE ORANGE JUICE HEATING OIL LUMBER  )*"W^EPOVBLDBSVMEMZCZCRTPSPCXYLDYKUJSFNOMLDFTGDODDROGCWWPTCNHAMSRR 5}APEOBITRUCCOPMASNSSSSLTRTPPCTCVMMHWECRECORISECFILRECLENLPMEVVSCLFPUCNTRLDDQ 6}TCCUTYDPTMNSFMCXBGASLHONSTEMPGCDER 7} @ 8}@@ @!@"#$%& 9}'()*@+@,-.@/012345@6 :}7@8@9@:;@<=>?@@ABCDEF ;}GHIJK@LMNOPQRSTU <}VWX@YZ@[\]^_@`abcde =}fgh@i@jklmno@pq@rstu >}vwxyz{|}~M6-B`&A%6-&A`36-&A` ?}A6-&AM6-@@'A@9ABKAD]AAA$o @}ACA$AEA$ 3;@(,36.hRhUhThYhX V` 3;@(,36.h RhUhThY A}hX V`%%6-F:A6,%F:A7,$AVJ!6-F:,%F:%@,$AV-"By@6-%F:%@,J @%& B}6-F:%@,6-%& @!hh;@8,;@,;@ ,;@,;@ ,;@,;@,;@a C},;@,#p6-@6-@% Byf9@,9@<@,9@),9@,9@ ,p @ D}0!!"@)"@@2/6-P:'@%?P,/6-O:&$@,4/6-@-@+6-$@/ E} 6"@w86-P:+$,%?P,':O:, ?@w;%!B6-% @d<6-% F}@'$?>' '6-&@'$?@6.=:O:,,B-  6-66.$'67@,.-6.D,  G}6.-&67@,.,6.E"@rF6.7@:A%, Ap'6-@36-@= By= >:A%, Ap'6-@36-@ R}= By BE  BP  BU4 AH B`\ Bpp Be\6-6-@ S}% A+6-5 AI-@@X68,-\ 8-@@.8<@,"8 A T}<6-8<@,#8,"268,-@< A Y >:A%, A`$ Ap. A8 AB  U}A0L AY >:A%,0-@@2""8<@,"Ax48<@," A6 8 V}28@ ,"268@ ,-8@ ,%@BG !6-L A@[38@,6.TYCOON) A3 W} A`""@R6.QU" Ao A >:A%,t#! A`# A I Ap A X})-@@I YOU DON'T HAVE ENOUGH CASH8-@@8 TO COVER YOUR POSITION SO YOU@-@@ Y}6 MUST SELL SOME COMMODITIES.@ A@ Ap"A A" A! Z} AP A@! A@L AP-@@"< ENTER ACTION DESIRED...F AEL6." 4W > [}:A%," A!0 4G A A 4BA B A P- AP"# A`- A  \}/ >:A%, Ap% A/ A  4S A R A `- Ap"# A`- A  ]}/ >:A%, Ap% A/ A   4P A@ A 9 4N6- A% A/ A` ^}9 A   4C A A * 4E A + A!,)6-@ A7)0YA -86 _}-@ A7!4Y*6.SA86-%@. >:A%, A4 4D A A > 4H A` `} A C4!A!@H-6-@ AP# A`- A R6-%@W A\ STATUS a}]4A!C^ 6._ MONEY`4A!Fa 6-A:,b WEEK c4A!Id 6-A:,e b} A!0 -@@ $8<@,"$ A' ;8<@,!8@ ,16-88<@,,; A%P c} 6- RR6-+8<@,$+88<@,<@,%,$88<@,,$88<@,,, NN6-+8<@,$88 d}<@,<@,$88<@,,$88<@,,, "8<@,"@"6-& "8<@,""6-&  e}6-&+$88<@,,, 6-%   $ h6-#-@@b47+&@,$@%@<+&@ f},$@%@,h6-   $ -@@ YS7@<@,47+&@,$@%@<+&@,$ g}@%@,Y6-   $WWADA@0A@`A@@A@PA@pA@A@AAAAGG q}BMESDATA RNDBrDESC B&CONSTANT B4NEWPLAY BASB0OVERLAY1 B'*OVERLAY2 B/NOVERLAY3 B"}OVERLAY4 BDEMOTEXT B|PASS VARSAVE &@AA AA0AA@AAPAA`AApAA<-@@#2 YOU MUST BE AN INVESTOR< AD r}?-@@#5 YOU MUST BE A PROFESSIONAL? AD9-@ @#/ YOU MUST BE A BROKER9 AD@- s}@@#6 A NOVICE MAY NOT SELL SHORT@ AD@-@@#6 THAT IS NOT A VALID COMMAND@ AD t}@-@@#6 YOU DON'T OWN ANY CONTRACTS@ ADI-@@#? $THAT IS NOT A VALID REFERENCE NUMBER u}I ADA-@@#7 SORRY YOUR PORTFOLIO IS FULLA ADG-@@#= "THAT IS NOT A VALID COMMO v}DITY NAMEG AD@-@@#6 YOU DON'T HAVE ENOUGH MONEY@ AD"=-@@#3 YOU DON'T HAVE w}THAT MANY= AD,L-@#B 'SORRY... I CANNOT OFFSET YOUR POSITIONL AD6F-@@#< !THA x}T IS NOT A VALID POSITION TYPEF AD@B-@@#8 YOU CANNOT BUY ZERO CONTRACTSB ADJC-@@# y}9 YOU CANNOT SELL ZERO CONTRACTSC ADTB-@#B 'YOU DON'T HAVE ENOUGH CASH TO PAY TAXES:* >:A z}S,6-@' A*$&-@@&68,-[QO:8<@,&8<@,,$@P!8,*P:+H:, {}$@,%@, @[ AE' AE0>68,-@.8<@,!8<@,>68,-6@   $X; |}6-6-'6-;-@@v$8<@,"$ Aq}`6-8<@,&/6-P:'@ }},%@R@*'@"P:'@,`6-&@CC6-+8<@,$8<@,$88<@,,$88<@ ~},,,HH6-+8<@,$88<@,<,$88<@,,$88<@,,,$8<@,"@$6-%&$8<@ },"$6-%&6-%+$88<@,,, 6-% @6->P$#6-+&,$?0/6-&&%76-& }=6-@$LB-@"B ' `E-@#B ' } E$AR AP(GGAw@Aw@AwPAw`AwpAwAwAx<E }-@ @"/ ENTER COMMODITY NAME;6-@E AyFS-@@"1 ENTER REFERENCE NUMBER=6-@ }I6-@S AyPM-@"7 ENTER TYPE (L=LONG S=SHORT)C6-@M AyZ^-@"<  }ENTER QUANTITY TO BUY (MAX=)H6-@T6-@^ AydS-@@"1 ENTER QUANTITY TO SELL=6-@ }I6-@S Ayn;-@";  SHOULD I SAVE THIS GAME (Y OR N)s@-@#@ %PREVIOUS SAVE }D GAME WILL BE DESTROYEDu+-@2@"!6-@+ AyxM-@"7 ARE YOU REALLY DONE (Y OR N)C }6-@M Ay, A 1;;+"@)"@)"@,*+39)20,Aw6$@-@T@ }-< ' @ h=- NET: -6-6@ 36-= @rz }-@z 7+8<@,&@,$@%@<+8<@,&@,$@%@, 8<@,t#6 }-#-@@v=18<@,*8<@,%@=6-@w x("@!-@@ }( *T-@% ,-@7 CASH:D6-6@ J6-T @A-@#@" CHAN }GE:.6-@46-> @A$%X-@@!#-Q ( U X$ })"@$)D >:AS,#-@@#D PRESS SPACE BAR TO CONTINUE).)@6.>:,+A@d }.$*$ >:A%,$-@@#>+w6-%++&@,$@#,+6-A76-@C6-@AM BpZ@ }n-&@s w \+ A@$, >:A%,6-(->-@ / THE FINANCIAL JOURNA }L2 >6-@<--@@-((F:%+&@,$@,BP-6-@Z-Q6-F:%+&@,$@%@ },%F:%+&@,$@%@,$AV]6-@i6-@u6-@a Bp\-@d- -@`@ }6@n-7<,0 B`- -6.7@<,6-B:,-#!@ A@# B- B - } >:A%,-2-@ / THE FINANCIAL JOURNAL2 -6-@-:B:, @9-@" 06-%@ }: B- -@8@6@-6.7<,-D 4 6.7@<,(-@, :6-%@D Bp }- -)6.7%@<,6-B:,) B .6-%@. .8"!-@@8 NO NEWS THIS WEE }K. 0N A@ B .C-@@"9 PRESS B TO SEE LAST WEEKS NEWSC A@$.-4B*!@#6 }-&@- B,.$.-@@.68<@,-8<@,.68<@,-+F:%+&@,$@0%+ }&@,$@,%F:%@%+&@,$@0%+&@,$@,$AV,'8,.3"@368<@,-A& }8<@,.;8<@,!8<@,;68<@,-8<@,/;8<@, 8<@,;68<@,-8<@ },/   $06- >:A%,06-@6 ****WEEKLY PRICE CHANGES****02-@@2 (N }EAREST CONTRACT MONTH)0C-@C (NAM SETTLE CHANGE UNITS $/CONT HIGH 0C-@C (--- ------ } ------ ------- ------ ------1-@@1U-%@U 7+&@,$@%@<+&@,$@ }%@,1;-@%@ 6-8,16-8<@,; @H 1-@%@ 1@98<@,"8<@ },)8<@,"8<@,@ * 1P-@%@(6-8,%@F6-8<@,&8<@,P @H 1-8< }@, 8<@,-6-%@ 1U-@%@U 7+&@,$@%@<+&@,$@%@,1X }-@&%@$6-6@N6-+8<@,&8<@,,$8,$8,X @1;-@4%@ 6-8,16-8< }@,; @HL1 V1S-@@!F  THERE WERE @& WINNERS THIS WEEK.P A@S$8 >:A%, } Ap8)-@@) MENU SELECTION86-@@6 WEEK---ADVANCE TO NEXT WEEK.80-@@ }0 GRAPH--DISPLAY GRAPHS.81-@@ 1 BUY----TAKE A POSITION.86-@@6 SELL---LIQUIDATE A POSI }TION.83-@@3 PORT---DISPLAY PORTFOLIO.8<-@@< "NEWS---DISPLAY NEWS/PRICE CHANGES.8:-@ }@:  COST---DISPLAY COMMODITY PRICES.93-@@3 END----SAVE OR QUIT GAME.98-@@8  }DESC---COMMODITY DESCRIPTIONS.91-@@. 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B{}r! 4S6-@! Br! 4P6-@! Br! 4H6-@! Br B0D:O}13510000NOVICE7301000010000753.05683.5575683.5575686.4872311.8885274.0104279.8714274.010472.6836355.9906572.&}`m6-@jm77B BPB@B BPBtmm9 >:A%,"-@ @9 WAIT A MOME~}NT....n''@@D:SAVE n!!6-?:C:,<<A$@,n!!6-?:C:,<<@$@$,n"6.=:8}@ ,,"(@(nR 6.=:,(@&(@/6.=:,<(@E6.=:,R(@2nE 6.=:,(@}"6.=:,/(@86.=:,E(@:A%,,o:-@@:  YOU HAVE BEEN DECLARED BANKRUPT.6o7-@@7 YOUR ASSETS HAVE BEEN SOLD TO}@o9-@@9 PAY OFF YOUR CREDITORS.YOU WEREJo9-@@9 ALLOWED TO KEEP $5,000 BUT YOURTo<-@}@< "STATUS HAS BEEN REDUCED TO NOVICE.^o6.NOVICEho6-AP6-APro-@@|o68<}@,-o o A@o$oK >:A%,;6.7$@%@<$@%@,E BK6.o.-@}@ . CONGRATULATIONS !!!!o5-@@5 YOUR STATUS HAS BEEN RAISEDo#-@@# TO .}o%-@@%  YOU MAY NOWo''BBBB pC-@@9 BUY COFFEE,FOJC,OIL,AND} LUMBER.C B0p9-@@/ TAKE SHORT POSITIONS.9 B0p>-@@> $BUY COCOA,GOLD,SILVER,AN}D S&P INDEX.&p B00p@-@@6 BUY T-BILLS, FRANCS,AND YEN.@ B0:p A@Dp$NpXp >:A}%,bp!C 6-C lp!C 6-C vp-@@ YOUp-@@ DIDp-@}@ IT!p5-@@"6-6@ (6-2 @5 p/-@ @/ YOU ARE NOW A TYCOON.p<}-@@< "YOU GET $50,000 TO START WITH NEXTp5-@@ 5 TIME AND YOUR TYCOON STATUSp8-@@}!8 STAYS WITH YOU.SEE HOW QUICKLYp8-@@"8 YOU CAN REACH A MILLION AGAIN.p6-@% Ap}$p$@@$@pw >:AS,>:A%,--@@L( PLEASE TURN DISK TO ^-@}@w( LABEL SIDE ANDp-@@'AR@G( PRESS ANY KEY TO CONTINUE T)@_@}@@D:*.*@qS6.7@<@,&0 DATI >:AS,>:AS,>:AS,S} B qq, 4SA6-" A, Bp qw@@?@@D:PLAYERc}@@D:TEMPw"@B*q7-@&@&@3(@7 4q\@}6. 767B:,%@,.=:P:,,\67@<@,.7B:,&@,>qO6. *67B:,%@,.=:P:,,O67@}<@!,.7B:,&@,Hq67@$,.Rq(@\q1 B0@'(@1 B fqc@}@?@@D:PLAYERc@@D:TEMPpq1 BP@'(@}1 B@zq@@q#C+# BPq >:A%,q4-@@4 YOUR ENDING NE}T WORTH WASq&6-6@ 6- @& .q*-@@* YOUR NET WORTH q"   INCREASED" B0}q  DECREASEDq+6-6@ 6-O:&,% @+ .q2-@@, YOUR STATUS IS 2 .q--@}@- YOUR HIGH SCORE ISq&6-6@ 6- @& .q:-@@:  YOU MUST INCREASE YOUR NET WO}RTHq-@@  BYr Ar7"@"6. TYCOON AGAIN-6-8,&7 B rK.6.7$@%@}<$@%@,A6-8%@,&K B$r 6-6@6- @.r  TO BECOME A 8r) >:AS,} >:AS,) A@Br" >:A%,"AR@Lr+-@ @+ WAIT A MOMENT....Vr% D:NEWINIT.BAS`r.}r! 4A6-@! Br! 4S6-@! Br! 4P6-@! Br! 4r! 4 4}}Welcome to TYCOON! Buckle your seat belts as you're about to enter the fast paced action packed world of commodity "}futures trading. Try your hand at dabbling in the most exciting financial speculation in the world without risking"} a cent.TYCOON is a complete economic simulation of the futures market using actual price trends and headlines from maj"}or finan-cial publications. Each time you play TYCOON a new economic environment will be created so you will always"} be facing new challenges. With its tutorial manual, TYCOON easily conveys the laws of supply and demand in a u"}nique and friendly way. TYCOON's startling realism makes it exciting to play whether your a hot shot investor or a nov"}ice looking for cheap thrills. Join us for a tour through TYCOON......END58Each session of TYCOON represents a year "}of futures market trading. You start out as a novice with a modest sum of money in your pocket. As you accumulate wealth"} your status rises as do the types of commodities you can trade. Imagine wheeling and dealing in oil, gold"}, foreign currencies, T-bills, Coffee, and many other exotic commodities.The following demonstration will show you t"}he resources at your disposal as you earn your first million playing TYCOON.END40Before you purchase a commodity "}you will want to know as much about that commodity as possible. TYCOON provides you with fascinating and in"}formative facts about each commodity as you play.END20Let's take a look at how the commodity prices are doing in"} general. The commodity index is the equivalent of the stock markets Dow Jones average.END7News has a significa"}nt effect on commodity prices so it is always advisable to read the newspaper before making any investment de"}cisions.END20Let's turn the page and look at the commodity price changes this week. Can you tell if soybeans we"}nt up or down this week? (Hint:look for SOY)END14Now we will look at last years price changes for a specific commo"}dity. Maybe there are some seasonal price fluctuat-ions that we can project into this year.END15Let's take a good h"}ard look at how prices are doing this year on a specific commodity. TYCOON lets you look at the price trend data us"}ing scatter plots, rolling averages, oscillator graphs, and point & figure graphs. TYCOON's manual will teach you how"} to use the various types of graphs. Notice how the same price data is displayed in different ways.END30So no"}w you have found a commodity that you think is a real winner. Lets buy it! TYCOON will first show you all the comm-oditie"}s traded. Once you have selected your commodity, TYCOON will show you the various trading months available. Last but "} not least you will receive a complete buy transaction report.END35You have held on to your commodity throug"}h thick and thin. Now it's time to sell. First you review your portfolio to see were you stand. Then you issue the sell "} order and a complete transaction report is displayed.END28The challenge of TYCOON never ends. Whether your a hi"}gh school student or a commodities broker, TYCOON is for you. Go on.....try it!This demo will be repeated in 6"}0 seconds. If you would like to play TYCOON, just follow the directions in the manual for starting the game.END"}62ome to TYCOON! 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