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To: GST who wrote (102751)	5/4/2000 11:54:00 AM
From: H James Morris	Respond to of 164684

Gst, Signs of Asia recovering. >Another sign of Asia's rebound can be found at ports in Southern California, a major gateway for products from Asia. The Port of Los Angeles moved 357,000 TEUs, 20-foot-equivalent units, in March for a first-quarter total of 1.05 million TEUs. March represented a 29.6 percent increase for Los Angeles over March 1999. Los Angeles ended the first quarter with a 30.1 percent average increase over the same period a year earlier. Nearby Long Beach moved about 351,000 TEUs in March for a first-quarter total of 1.03 million TEUs, up 0.8 percent over March 1999 and a 3.4 percent increase for the first quarter of 2000 compared with first-quarter 1999. Inventories, the goods companies keep on their shelves for sales and production, are a good economic measurement stick. Some economists say inventory levels are less significant these days because of just-in-time manufacturing techniques. But how much stuff companies have around is an important part of the economy. Another key factor, though, is the inventory-to-sales ratio, which measures how long it would take to use up stocks at the current pace of buying. That measure edged up slightly to 1.32 months' worth in February from a record low 1.31 months in January. Inventory-building bolsters overall industrial production, and in the current environment of robust consumer demand, businesses remain hard-pressed to keep adequate supplies of many types of goods on hand.