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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (14528)	12/24/1998 5:36:00 PM
From: Kerm Yerman	Respond to of 15196

IN THE NEWS / Petroleum Report for Thursday, December 24, 1998 Crude-oil futures slipped in an abbreviated trading session Thursday, though gasoline futures manage to eke out a small gain. January gasoline showed some strength earlier in the session on buying in the New York Harbor market, said a trader. The contract pushed as high as 33.65 cents a gallon, a 0.59-cent gain, but the higher price attracted sellers at the end of the day, traders said. Heating oil lost the most ground. Gains on colder weather in the U.S. and on a stock draw reported earlier this week may have been overdone, said one analyst. The Nymex is closed Friday for Christmas. In London, the International Petroleum Exchange is closed until Tuesday. (WSJ) --------------------CRUDE OIL-LIGHT SWEET--------------------- NYM - 1,000 bbl_dollars per bbl. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 11.33 11.40 11.15 11.23 -.10 20.79 10.75 Mar 99 11.55 11.60 11.40 11.46 -.09 20.40 11.10 Apr 99 11.82 11.82 11.72 11.73 -.08 20.79 11.35 May 99 12.06 12.08 11.99 11.99 -.08 20.79 11.63 Jun 99 12.38 12.38 12.38 12.22 -.08 20.42 11.95 Jul 99 12.47 12.47 12.45 12.45 -.08 20.40 12.20 Aug 99 12.70 12.70 12.65 12.65 -.08 20.04 12.51 Dec 99 13.48 13.53 13.45 13.45 -.08 20.34 13.37 Est. Sales 9803 -------------------------HEATING OIL------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 32.66 32.75 32.10 32.19 -.35 59.50 31.25 Feb 99 33.65 33.65 33.10 33.19 -.31 58.50 32.40 Mar 99 34.14 34.14 33.74 33.74 -.26 58.81 33.10 Apr 99 34.60 34.60 34.14 34.14 -.26 59.00 33.70 May 99 34.60 34.80 34.59 34.59 -.26 54.56 34.30 Jun 99 35.10 35.45 35.10 35.24 -.26 52.75 35.05 Jul 99 36.05 36.15 35.99 35.99 -.26 52.90 35.85 Nov 99 39.70 39.70 39.34 39.34 -.26 52.44 39.34 Jan 00 41.10 41.10 40.74 40.74 -.26 50.75 40.74 Feb 00 41.25 41.25 40.74 40.74 -.26 50.08 40.74 Mar 00 41.15 41.15 40.59 40.59 -.26 50.60 40.59 Est. Sales 5988 --------------------------NATURAL GAS------------------------- NYM - 10,000 mm british thermal units. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 1.910 1.920 1.860 1.881 -.025 2.950 1.790 Feb 99 1.905 1.915 1.860 1.878 -.024 2.770 1.860 Mar 99 1.895 1.904 1.875 1.883 -.012 2.600 1.865 Apr 99 1.875 1.880 1.865 1.869 -.008 2.440 1.860 May 99 1.895 1.900 1.875 1.890 -.003 2.380 1.870 Jun 99 1.915 1.920 1.910 1.915 0 2.380 1.860 Jul 99 1.945 1.945 1.935 1.937 0 2.390 1.925 Aug 99 1.970 1.970 1.965 1.965 0 2.390 1.950 Oct 99 2.050 2.050 2.040 2.040 0 2.415 2.025 Nov 99 2.185 2.190 2.185 2.185 0 2.535 2.140 Dec 99 2.345 2.355 2.345 2.345 0 2.680 2.213 Jan 00 2.410 2.410 2.410 2.410 0 2.655 2.320 Feb 00 2.325 2.326 2.325 2.326 0 2.545 2.310 Est. Sales 8239 ------------------------UNLEADED GAS-------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Jan 99 33.00 33.65 32.70 33.14 +.08 51.30 32.50 Feb 99 34.85 34.95 34.25 34.63 -.08 52.75 34.10 Mar 99 36.05 36.40 35.80 36.13 -.08 52.30 35.60 Apr 99 39.20 39.38 39.20 39.38 -.08 55.00 38.70 May 99 40.35 40.38 40.25 40.38 -.08 55.83 39.90 Jul 99 41.75 41.75 41.68 41.68 -.08 52.60 41.20 Est. Sales 5318

To: Kerm Yerman who wrote (14528)	12/24/1998 5:55:00 PM
From: Kerm Yerman	Read Replies (8) \| Respond to of 15196

IN THE NEWS / Toronto Stocks Finish Shortened Session Firmer Toronto's stock market dribbled to an early finish on Thursday, ending a bit higher in thin trading and extending some Christmas cheer ahead of the four-day holiday weekend. The benchmark 300 Composite Index on the Toronto Stock Exchange rose 18.19 points or 0.28 percent to 6465.38 points, adding to Wednesday's gains. The index managed to eke out a bigger increase than New York, which settled back after a bigger rise earlier in the day. The Dow Jones Industrial Average added 15.96 points or nearly 0.2 percent to 9217.99 points. Dealings were thin in Toronto as some market players nipped out early ahead of the 1300 EST/1800 GMT close. "Choppy. Not much volume, which is not to be a big surprise given that it's a short day," said Rick Hutcheon, chief investment officer at CentrePost Mutual Funds. "It's kind of a nothing day." Hutcheon added that portfolio managers were finished tweaking their funds to reflect the kind of holdings they wanted to carry into the New Year. "I suspect between Christmas and New Year's Eve we're going to have pretty quiet markets," he said. But Hutcheon added that next week New York investors, who have been enjoying a so-called Santa Claus rally this week, might force the Dow upward to meet or beat its record high of 9380.20 points, set on November 23. "I wouldn't be surprised if they wished a little push on this thing and jammed it up to an all-time high," Hutcheon said. Toronto trading on Thursday was unusually slow at 51 million shares valued at C$481 million. Advancing stocks beat out declines 462 to 409 while 309 ended unchanged. Ten of Toronto's 14 subindexes edged upward, led by gold and precious minerals, up 1.26 percent, base metals and forestry products. Some of the commodities saw a slight rebound after weakness earlier this week. The losers included industrial products, oils, transportation and consumer products. Most of the top actives were smaller stocks including Internet auctioneer Bid.Com International Inc. , which soared C$0.13 to C$3.75 on nearly two million shares traded. Noranda Inc. dropped C$4.40 to C$15.45.