June 14, 1989 |
Prudential-Bache Securities, moving to expand its retail brokerage operations amid an industrywide slump, said Tuesday it had agreed in principle to acquire smaller rival Thomson McKinnon Securities. The deal, for a price expected to total less than $100 million, would thrust Prudential-Bache past Dean Witter Reynolds into third place behind Merrill Lynch and Shearson Lehman Hutton among the nation's retail stock brokerages serving individual investors, based on number of brokers at the end of last year.
September 2, 1987 |
Cattle futures retreated Tuesday on the Chicago Mercantile Exchange as hopes vanished that Japan would import more beef from the United States because of potentially contaminated Australian meat. Hog futures moved higher, while pork bellies were mostly lower. "There was a lot of profit-taking in cattle on yesterday's runup," said Philip Stanley, an analyst in Chicago with Thomson McKinnon Securities Inc.
July 27, 1985 |
Livestock futures prices fell sharply in trading Friday on the Chicago Mercantile Exchange, smothered by the continuing double-bind of large supplies and weak demand. Everything but frozen pork bellies hit contract lows and closed near session-lows. "We're involved with a major bloodbath here and it's not pretty," said Philip Stanley, a livestock analyst with Thomson McKinnon Securities Inc. in Chicago.
December 24, 1986 |
Hog futures prices moved higher Tuesday, erasing most of the previous day's losses suffered in anticipation of the government's quarterly hogs and pigs report. On other markets, energy futures retreated after a one-day OPEC-generated rally, precious metals were lower and most grain and soybean contracts declined. Cattle futures advanced along with hogs, while pork bellies declined on the Chicago Mercantile Exchange.
December 31, 1986 |
Pork futures prices overcame a lower cash market to register strong advances Tuesday, with pork bellies up the limit for daily trading. On some other markets, platinum futures plunged sharply, crude oil rallied to close about unchanged, livestock and meat were mostly higher, and corn was lower but other grains and soybeans were higher.
July 18, 1986 |
Pork futures went through wild price convulsions Thursday, soaring to limit highs before crashing to limit lows allowed for daily trading. "It was a real significant reversal for hogs and bellies," said Philip Stanley, an analyst in Chicago with Thomson McKinnon Securities Inc. Prices have risen sharply since April and "it's a real emotional market at these levels," he said.