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08/29/05:
Hurricane Katrina Does Crude Things To Oil & Lumber Markets
SUSIE GHARIB: Hurricane Katrina slammed into the gulf coast
today, bringing with it heavy flooding and massive damage. The storm,
packing winds of up to 150 miles an hour, forced evacuations from Louisiana
to the Florida panhandle. The powerful hurricane also forced the shutdown
of oil rigs and refineries throughout the gulf, causing energy prices to
skyrocket. In New York trading, October crude futures crossed the $70
level for the first time ever, but ended the day at $67.20 a barrel, up
$1.07. Katrina affected other commodities as well. We have two reports
tonight. We begin with Erika Miller in New York.
ERIKA MILLER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Traders waived
their hands and shouted their bids, as oil futures surged in early New York
trading. Even before that, crude soared above $70 a barrel for the first
time ever in overnight electronic trading. Today`s rally came after
hurricane Katrina charged through the Gulf of Mexico into Louisiana and
Mississippi.
JAMES STEEL, OIL STRATEGIST, REFCO: The U.S. gets a quarter of its
domestic production from the gulf, so it is a crucial area. What`s going
to be important right now is if the pipelines are in good shape or any rigs
have been torn up and are cast adrift.
MILLER: But the biggest price spike was in natural gas. It skyrocketed
as much as 20 percent before pulling back. Natural gas pipeline operators
reported that nearly 60 percent of their Gulf of Mexico production had been
cut off, and traders say that reinforced the rally in crude. Here at the
New York Mercantile Exchange, many traders expect prices to head even
higher, perhaps to the once unthinkable $80 a barrel.
ERIC BOLLING, INDEPENDENT OIL TRADER: There`s really no telling how
high prices could go because demand is strong. Supply is the problem and
supply doesn`t seem to be getting any better.
MILLER: As a result, experts warn gasoline prices at the pump could
surge almost immediately.
STEEL: It wouldn`t surprise me to see things up $0.50 on a retail
level relatively quickly. Now that could just as easily come back down,
but we`ve got about a million barrels a day of refining capacity that seems
to be partially halted or fully halted at the moment and so we`ve got to
watch how these key refineries react.
MILLER: President Bush is weighing whether to release oil from
emergency petroleum reserves, but even if that happens, traders don`t
expect a lasting impact on crude prices.
BOLLING: I think it will have a knee jerk reaction. I think you`ll
probably see lower prices, but the real impact will be negligible.
MILLER: Oil companies say it will be at least another day or so before
they have a handle on the damage. But analysts say it`s already clear
Katrina has been far more devastating than hurricane Ivan last year. That
storm cut U.S. oil output by 45 million barrels total over six months.
Erika Miller, NIGHTLY BUSINESS REPORT, New York.
DIANE EASTABROOK, NIGHTLY BUSINESS REPORT CORRESPONDENT: This is Diane
Eastabrook in Chicago. Lumber traders at the Chicago Mercantile Exchange
spent most of the morning chatting and watching weather reports. Fears
that damage from hurricane Katrina could cause a shortage of two-by-fours
sent futures contracts for lumber to limit highs. That brought trading to
a standstill nearly all day.
BRIAN LEONARD, LUMBER TRADER, ROSENTHAL COLLINS GROUP: At this point,
everyone is doing just in time inventories, so their inventories are
extremely low throughout the country and so that`s twice the nervousness if
you have a hurricane coming through that could use up some two-by-four
supply.
EASTABROOK: The Reuters/Jeffries CRB Index traded at its highest level
in 25 years today. Energy prices were the primary driver due to fears
Katrina could disrupt oil production in the Gulf of Mexico. But Katrina
gave many other commodities a modest jolt as well. Grains got a much-
needed lift from the storm after plummeting to contract lows last week.
Analysts say there is fear the storm could shut down ports for weeks,
making it difficult to deliver corn and soybeans. Both are in high demand
from foreign buyers.
TIM HANNAGAN, GRAIN ANALYST, ALARON TRADING: One of the big issues is,
is that importers have been lining up to buy grain. The gulf ports are
loaded with orders to ship grain out because the price of corn and soybeans
are significantly off their summer drought highs. So value has brought in
these importers, saying deliver the grain now. We can`t do it.
EASTABROOK: Still, some experts warn the run-up in prices for some
commodities could be short lived.
JOHN WELCH, SR. V.P., PEREGRINE FINANCIAL GRP: A lot of times though
when these events occur, this is -- particularly after a long drive up, it
could be a signal of the top simply because everybody is so concerned about
it and now it`s on everyone`s mind.
EASTABROOK: Analysts say commodity prices should remain volatile for
the next few days until the market can fully digest the impact of Katrina.
Diane Eastabrook, NIGHTLY BUSINESS REPORT, Chicago.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05:
The Outlook On Katrina's Insurance Impact With Paul Newsome, Insurance Analyst at AG Edwards
SUSIE GHARIB: Joining us now for some analysis on Katrina`s impact on property and casualty insurers,
Paul Newsome, insurance analyst at AG Edwards. Hi Paul.
PAUL NEWSOME, INSURANCE ANALYST, AG EDWARDS: Hello.
GHARIB: I know it takes weeks to assess the dollars and cents damage
after a major storm like Katrina, but I`ve already seen estimates anywhere
from $12 billion to $30 billion. What estimate are you kind of figuring on,
when it`s all said and done?
NEWSOME: I`m assuming a fairly large debt, something around $15, maybe
$20 billion in size, not on the high side from the big estimates, slight
potential to be one of the largest events, but certainly a very significant
sized event.
GHARIB: And which insurance do you think will be most affected, the
hardest hit?
NEWSOME: The hardest hit are the obvious candidates are the home
insurers. The top down list would be Allstate, the companies that I follow
would include Hartford, St. Paul, Travelers, Chubb, companies that insure
homes are the most hit in hurricanes typically.
GHARIB: And what about reinsurance companies? Will they be affected
as well?
NEWSOME: That`s a big point. Particular reinsurers that write
property casualty reinsurance, there are a number of (INAUDIBLE)
companies. Among my coverage would be companies like Ace or Excel (ph) who
also write that. They`ll have substantial losses as well.
GHARIB: And how about companies that maybe you don`t cover, but could
also be affected?
NEWSOME: Well, that`s a good point. I mean there are a lot of Bermuda-
based property cap (ph) specialists (INAUDIBLE) Partner Re, IBC Re.
There`s actually quite a few of them that would be very directly affected
by this. It should basically wipe out a quarter`s worth of earnings for
most of these companies.
GHARIB: And given that Katrina may be a very expensive storm as we
were just talking about, the estimates that you`re putting out, several,
tens of billions of dollars, what impact will it have on pricing and
premiums?
NEWSOME: That`s sort of the $64,000 question. If this event turns out
to be uniquely big or unique in some other way that would bring fear to the
underwriters that underwrite insurance, then prices would rise. But right
now, it doesn`t look like this is really outside of the norm of what
hurricane modelers and underwriters would expect. But we`re just going to
have to see in the next couple of days if something unusual comes out of
this.
GHARIB: What was the case after like hurricane Andrew, which also was
a massive hurricane? What happened with pricing after that?
NEWSOME: Pricing went up quite a bit after hurricane Andrew. That
happened because we never thought we could get a $20 billion event. That
was the one that taught us that lesson. We`ve now since learned that
lesson. It`s been reinforced a bit here by Katrina, but you make a good
point. It`s got to be something unique. Andrew was unique in its size,
never before. I think it`s extremely (INAUDIBLE) very much the largest
hurricane we`ve ever suffered.
GHARIB: Now I notice a lot of the insurance stocks, most of the them,
with the exception of Chubb, were down today. What should investors do if
they own these insurance stocks?
NEWSOME: Well, we recommend that people kind of buy on the storm and
sell on the sunshine. Typically these stocks will kind of round trip in
front of a hurricane as concerns - investors have concerns about the losses
they will take. But then they tend to recognize that these companies do
this for a living and it`s a normal part of the business and the stocks
typically rebound. They can even rebound further than the highs or the
levels that they started with if it turns out that this brings about higher
prices in the hard markets.
GHARIB: All right.
NEWSOME: That last part we have to watch out for.
GHARIB: And just your disclosure, do you or your firm own any of these
insurance stocks that we`ve been talking about this afternoon?
NEWSOME: None of the stocks are owned by me or the firm, although I
knew I mentioned Allstate and Hartford. They are companies that we have
some investment banking arrangements with.
GHARIB: All right. Paul, thank you very much for coming on the
program. We appreciate your time.
NEWSOME: My pleasure.
GHARIB: We`ve been speaking with Paul Newsome, insurance analyst at AG
Edwards.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05:
President Bush Hits The Road To Push The New Medicare Drug Benefit
SUSIE GHARIB: It sounds like a lucrative marketing opportunity, 41 million
potential customers with a subsidy to buy your product. That`s one way to
describe the new Medicare drug benefit which goes into effect next year.
But as Darren Gersh reports, the marketing effort is likely to be
complicated and expensive, despite the fact that the president of the
United States is pitching the new plan.
DARREN GERSH, NIGHTLY BUSINESS REPORT CORRESPONDENT: Speaking to
seniors in Arizona, the president said he is pre-selling the new Medicare
drug benefit and he conceded it isn`t an easy sell.
GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES: This is as much an
education exercise as anything else, because I fully understand and our
government fully understands many seniors don`t want to change. They`re
not interested in change and therefore what I am selling you is that at
least listen to what`s available. You don`t have to change if you don`t
want to, but at least be open-minded enough to listen.
GERSH: Much is at stake. The new benefit was championed by drug
companies as an alternative to government-mandated price controls.
Instead, prescription drug coverage will be offered through competing
private plans. Now, the health care industry is spending millions of
dollars on a grassroots campaign to explain the new law to seniors.
MARK GREALY, PRESIDENT, HEALTHCARE LEADERSHIP COUNCIL: This is a test
of whether the private sector can deliver good service, good quality
products to Medicare beneficiaries and that if it doesn`t succeed, people
will say well, we really need to have the government running this entire
program and micromanaging it and setting price controls.
GERSH: The selling begins in earnest October 1, when the government
mails out details on benefits and coverage and private health plans are
allowed to market directly to seniors. On November 15, sign-up begins.
Coverage kicks in on January 1, 2006. The Congressional Budget Office
estimates nine out of 10 eligible seniors will sign up to receive their
drug benefits through the new plans. But skeptics consider that overly
optimistic. The drug coverage is complicated and beneficiaries must choose
among 10 to 20 options, each covering different drugs and different
pharmacies. And private plans can change benefits without much warning.
PATRICIA NEMOR, SR. POLICY ATTORNEY, CENTER FOR MEDICARE ADVOCACY: The
fear is that they will start out big and pull back. That is the experience
we`ve had in the past. They start out generous and then they pull back and
they pull out and leave people stranded.
GERSH: But the Bush administration argues seniors are getting a good
deal. In every state except Alaska, beneficiaries will be able to choose
from at least one prescription drug plan with monthly premiums of $20 or
less. Darren Gersh, NIGHTLY BUSINESS REPORT, Washington.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05
"Commentary"-The Housing Market's Growing Pains
SUSIE GHARIB: If you`re like many Americans, your home has gone up in value over the
past few years. And if you`re like tonight`s commentator, you`re concerned
that rise could derail the economy. Here`s Louis Uchitelle, economics
writer for the "New York Times."
LOUIS UCHITELLE, ECONOMICS WRITER, "THE NEW YORK TIMES": Rarely has
housing gained so much leverage over the American economy. If the bubble
were to pop or home prices were simply to level off, economic growth could
easily shrink by as much as 25 percent. That is a big hit. The gross
domestic product, which has grown at an annual rate of 3.6 percent so far
this year, would almost certainly fall below 3 percent. A jobless recovery
would reemerge. Capital spending would shrink and consumer spending would
suffer.
Without really noticing, we have allowed residential construction and
the wealth effect that results from rising home prices to make too big a
contribution to economic growth. Five years ago, that contribution was
only 0.2 percentage point; now it is a full percentage point. People are
raising cash from their homes at the rate of $700 billion a year -- mostly
through resale, but also through home equity loans and mortgage
refinancing. If that $700 billion were to fall back abruptly, the economy
would certainly stumble. Recognizing the danger, the Federal Reserve`s
policymakers are trying to defuse the impact by gradually raising interest
rates. Their hope is that housing has not become too big a presence in the
national economy to slim down painlessly. Slimming down painlessly
however, may no longer be possible. I`m Louis Uchitelle.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05
"Last Word"-The Long Taxi Ride Home
SUSIE GHARIB: And finally from the "any port in a storm" department
-- literally-- comes the story of the Kogan family of suburban Chicago.
When their trip to New Orleans was blown out by hurricane Katrina, they
tried to find a way to get home, but couldn`t. No flights, no rental cars.
Eventually, the Kogans and another couple found a way out: by limousine.
They paid the driver $3,700 to get them back home and out of the "big
easy." But Paul, it wasn`t an easy trip, Paul. In the first six hours
yesterday, they only got about 120 miles and that was just because of the
heavy traffic.
KANGAS: That`s only 20 miles an hour Susie but as long as it`s faster
than the storm is approaching you, who cares.
GHARIB: You have a good point. Anything to get out of it.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05:
"Paul Kangas' Stocks In The News"
PAUL KANGAS: Stocks opened lower as oil surged to record highs, but the
early losses were quite modest, with the Dow off 20 points and NASDAQ down
just two points. That resilience and bargain hunting after last week`s
sell off gave the market a solid midday boost. And then a downgrade in the
hurricane and a retreat in oil kept the rally alive this afternoon. So the
Dow industrial average closed up 65.75 points at 10,463.05. The NASDAQ
Composite rose 16.88, ending at 2137.65. Standard & Poor`s 500 up 7.18
ending at 1212.28. Over in the bond market, the 10-year note rose 5/32 to
par and 20/32, putting the yield at 4.17 percent.
Most active big board issue on 13 million shares was General Electric
(GE) moving up $0.22.
And then Citigroup (C) with a $0.44 gain.
Lucent Technology (LU) was a $0.04 gainer.
ExxonMobil (XOM) edged up a penny, but let`s have a look at the big
oil company sector and some of them did a little bit better.
Fraction gain in BP Plc (BP) and Chevron (CVX) and Marathon Oil (MRO),
but Conocophillips (COP) up $1.19, not a bad move there.
Pfizer (PFE) was tenth in big board volume and gained $0.21 a share.
Panamsat Holdings (PA) a $4 gain. You just heard. It`s going to be
acquired by Intelsat for $25 a share in cash and incidentally, New Sky
satellite dropped $2.20 to $21.60. It reportedly had been a possible
takeover target of Intelsat, but apparently no longer.
Hewlett-Packard (HPQ) lost $0.32.
Bank of America (BAC) $0.52 gain.
Coventry Health (CVH) moved up $3.37. This stock will replace May
Department stores in the Standard & Poor`s 500, of course may be taken over
by Federated.
Procter & Gamble (PG), tenth in volume, moved up $0.68 a share.
The oil tanker stocks did very well today, because they could relieve
some of the tight supplies in the event of major damage to gulf production
facilities. Frontline Ltd (FRO) up $1.95. Let`s look at some others in the
sector.
General Maritime (GMR) and Omi Corp (OMM) fractionally higher.
And then Overseas Shipholding (OSG) up $2.03 a share.
The casino operators on the Louisiana/Mississippi coast could be hurt
by the visit from Katrina. $0.25 gain in Harrah`s Entertainment (HET), but
it traded as low as $70.50 this morning and then bounced back. Let`s look
at some others in the sector.
Boyd Gaming (BYD) fractionally lower.
MGM Mirage (MGM) up $0.52, but it had been lower during the day.
And Pinnacle Entertainment (PNK) closed down $0.76.
Insurance stocks affected by this - these are major insurers in the
area. The only gainer here, American Intl Group (AIG), but it traded as low
as $58 a share this morning. All on the downside the rest of the way,
Hartford Financial (HIG) and St. Paul Travelers (STA)
Home Depot (HD), now some of the stocks that will be beneficiaries of
the rebuilding like Home Depot up $0.73. And Lowes incidentally was up
$1.42 today.
And yet another company, Elkcorp (ELK), a roofing company, up $2.35 a
share, a nice move there.
Turning away from the storm, we see American Safety Insurance (ASI)
getting favorable comments in this week`s "Barron`s" financial where it
says the company`s emerging as a top niche insurer and the stock price
could make it somewhere around $25 a share level.
NDC Health Corp (NDC) up $1.18. Per-Se Technologies will acquire this
company for $19.50 a share. At least $13 of that will be in cash and about
$6.50 in Per-Se stock.
NASDAQ`s most active was Google (GOOG) jumping $4.87.
Microsoft (MSFT) an $0.18 gain.
Intel (INTC) moved up $0.32. This week`s "Barron`s" financial notes
that the Sanford Bernstein brokerage thinks Intel stock is a "buy" around
this level.
Cisco Systems (CSCO) up $24.
And Sandisk (SNDK) did very well. It`s one of America`s fastest
growing companies, make flash drives, things like that and it`s approaching
its 2003 high.
Amgen (AMGN) up $1.41.
Apple Computer (AAPL) a $0.10 gain.
Ebay (EBAY) was up $0.50.
And then Yahoo! (YHOO) an $0.11 gain.
Tenth in big board or NASDAQ volume I should say was Dell (DELL) down
$0.12.
Osteotech Inc (OSTE) rising $1.23, 27 1/2 percent gain there. The
company said it rejected a $6.25 take over bid for the firm. That takeover
came from musculoskeletal transplant foundation.
And then finally we see ASV Inc (ASVI) up $1.74. It`s going to be
added or was added late today to the Standard & Poor`s small cap 600 index.
ASV standing for all-season vehicles.
Those are the stocks in the news tonight.
Nightly
Business Report transcripts are available on-line post broadcast.
The program is transcribed by eMediaMillWorks. Updates may
be posted at a later date. The views of our guests and commentators
are their own and do not necessarily represent the views of
Community Television Foundation of South Florida, Inc. Nightly
Business Report, or WPBT. Information presented on Nightly
Business Report is not and should not be considered as investment
advice. Copyright (c) 2005 Community Television Foundation
of South Florida, Inc. ALL RIGHTS RESERVED. Terms of use.
08/29/05:
Market Stats
Market Stats
DOW CLOSE 10463.05 +65.76 + .6
HIGH 10487.50
LOW 10349.37
NASDAQ COMP. 2137.65 +16.88 +.8
HIGH 2139.40
LOW 2112.25
VOLUME 1,246.8
PREVIOUS 1,179.7
UP VOLUME 820.1
DOWN VOLUME 377.0
DOW TRANSPORTS 3685.21 +17.85 + .5
DOW UTILITIES 402.91 +3.01 + .8
CLOSING TICK +611
S&P 500 1212.28 +7.18 + .6
S&P 100 562.23 +3.44 + .6
MIDCAP 400 702.94 +4.70 + .7
REUTERS/CRB 323.23 +6.13 + 1.9
NYSE COMPOSITE 7413.98 +34.12 + .5
VALUE LINE 406.07 +3.06 + .8
RUSSELL 2000 655.32 +6.68 + 1.0
DJW 5000 12118.17 +75.76 + .6
U.S. TREASURIES
5-YEAR NOTE 4.125%
Aug. 15,2010 100 7/32 +2/32 + 4.08
10-YEAR NOTE 4.25%
Aug. 15,2015 100 20/32 +5/32 + 4.17
30-YEAR NOTE 5.375%
Feb. 15, 2031 115 16/32 +10/32 + 4.36
LEHMAN BROS.
LONG BOND INDEX 1815.95 +3.24
DOW CLOSE 10463.05 +65.76 + .6
ADVANCES 2072
DECLINES 1205
NEW HIGHS 77
NEW LOWS 50
NET PERCENT
NYSE MOST ACTIVES 4PM CLOSE CHANGE CHANGE
GE GE 33.60 +.22 +.7
C Citigroup 43.54 +.44 +1.0
LU Lucent Tech 3.09 +.04 +1.3
XOM Exxon Mobil 58.42 +.01 +.0
PFE Pfizer 25.10 +.21 +.8
PA Panamsat Holding 23.80 +4.00 +20.2
HPQ Hewlett-Packard 26.69 -.32 -1.2
BAC Bank Of America 43.36 +.52 +1.2
CVH Coventry Health 78.66 +3.37 +4.5
PG Procter & Gamble 55.64 +.68 +1.2
NASDAQ CLOSE 2137.65 + 16.88 + .8
VOLUME 1,274.4
PREVIOUS 1,298.7
ADVANCES 1765
DECLINES 1235
NASDAQ ACTIVES
GOOG Google 288.45 +4.87 +1.7
MSFT Microsoft 27.15 +.18 +.7
INTC Intel 25.73 +.32 +1.3
CSCO Cisco Systems 17.64 +.24 +1.4
SNDK Sandisk 38.93 +1.65 +4.4
AMGN Amgen 80.09 +1.41 +1.8
AAPL Apple Computer 45.84 +.10 +.2
EBAY eBay 39.47 +.50 +1.3
YHOO Yahoo! 33.68 +.11 +.3
DELL Dell 35.20 -.12 -.3
AMEX CLOSE 1389.67 - 227.69 - 14.1
INDEX SHARES
DIA DIAMONDS TRUST 104.63 +.73 +.7
QQQ NASDAQ 100 38.76 +.30 +.8
SPY S&P DEP.RECEIPTS 121.69 +.93 +.8
STOCKS IN THE NEWS
BP BP Plc 66.35 +.23 +.4
CVX Chevron 59.51 +.13 +.2
COP ConocoPhillips 63.07 +1.19 +1.9
MRO Marathon Oil 60.09 +.89 +1.5
FRO Frontline Ltd 44.50 +1.95 +4.6
GMR General Maritime 35.32 +.67 +1.9
OMM OMI Corp 17.75 +.84 +5.0
OSG Overseas Ship 59.71 +2.03 +3.5
HET Harrahs Enter 72.75 +.25 +.3
BYD Boyd Gaming 47.59 -.20 -.4
MGM MGM Mirage 43.30 +.52 +1.2
PNK Pinnacle Entert 22.07 -.76 -3.3
ALL Allstate 57.18 -.77 -1.3
AIG American Intl Grp 59.53 +.26 +.4
HIG Hartford Finl 73.63 -1.08 +1.5
STA St Paul Travelers 44.27 -.47 -1.1
HD Home Depot 40.54 +.73 +1.8
ELK ELKCORP 31.68 +2.35 +8.0
ASI Amer Safety Ins 16.60 +1.36 +8.9
NDC NDCHealth 18.95 +1.18 +6.6
OSTE Osteotech 5.69 +1.23 +27.6
ASVI ASV Inc 23.85 +1.74 +7.9
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