If you want to see this letter from our site, please follow this link. http://www.e-malt.com/Publications.asp?3860
E-Malt.com NewsLetter

Newsletter Summary


Place your advertisement on our Newsletters, Flashes and directly on our site!
Jump to www.BrewR.org

E-Malt is a proud endorser of World Beer Cup 2008
Publish Your Own News, Announcement and Event on E-Malt.com

Other e-malt.com newsletters
Last five newsletters

Other e-malt.com graphs
Last five graphs

Note: All graphs issued with e-malt.com newsletters are published in "Graph" section of e-malt.com site.


Other e-malt.com tables
Last five tables

All e-malt.com tables are published in e-malt.com Statistics section. The Statistics section includes Barley statistics, Malt statistics and Beer statistics. The tables related to barley are published in Barley Statistics section, the tables related to malt in Malt Statistics section and the tables related to beer in Beer Statistics section.

Access to E-malt.com

User name

Password


Use the above form to have a full immediate access to E-malt.com site! Through the drop-down menu you can easily remind your username and password, change your username and password or even edit your account!




Do you know
E-malt.com?

Dear E-malt Reader!

E-malt.com Newsletters Archive could be found directly on e-malt.com site. Browsing through our Newsletters Archive you may see all the issues you have missed. To this purpose you just have to login e-malt.com and click on Newsletters link in the menu. Reading our Newsletters you will be kept informed with the latest news and events regarding malting and beer world. You may also submit your own news, events or other information to the address info@e-malt.com!

Updated figures related to USA barley and malt trade with Mexico and Canada could be seen in NAFTA section of e-malt.com menu. To this purpose please enter e-malt.com!

You may find updated malt, barley and beer statistics on e-malt.com Statistics section. Just enter e-malt.com! Here you will find all tables issued with e-malt.com newsletters.

E-malt.com Agenda gives the possibility to keep you informed about the Events planned to be held in the whole world related to the brewing and malting industries. To this purpose you just have to login e-malt.com and click on Agenda link in the menu. Reading our Event Agenda you will find out about the future symposia, conferences and festivals related to malting and beer world. You may also submit your own events to the address info@e-malt.com

E-malt.com has Trading Online system. The system is to be used for malt/barley trading. One can register a malt/barley offer or a malt/barley request. The registering person could be as a seller/buyer or as an agent for seller/buyer. The User can see information about all active malt/barley offers & requests. If needed the system allows user to buy/sell malt/barley due to reasonable offers/requests. The way to do this is to confirm reasonable transaction. Trading Online rules are available through the Internet in the Trading Online as well as Tutorial (useful for persons who starts the system usage). To visit the E-malt Trading Online first go to the E-malt.com site, then click Trading Online link in the left menu of the e-malt.com home page. For more details please contact info@e-malt.com

Thank You!


E-malt.com Links!




Note

If you have any comments, questions, suggestions or remarks, you can send a mail to: info@e-malt.com. To submit your own news to our editorial team, email to: info@e-malt.com


If you have received this newsletter from a colleague, you can obtain your own subscription here! You are not registered yet? You may register here.


You may recommend our site to your friend by clicking here.


If you do not wish to receive our newsletter, please unsubscribe your e-mail address from our mailing list by sending us an e-mail info@e-malt.com. Please take into consideration your registration data.



E-Malt.com Newsletter 45a
November 05 - November 07, 2007
Open!
Click here to get full size Newsletter


Quote of the week
"Profit is an illusion, cashflow is fact"
Unknown
Currency Rates

Base Currency: Euro, EUR
on 07-November-2007

1 EUR = 1.4514 USD
1 EUR = 0.6964 GBP
1 EUR = 1.349 CAD
1 EUR = 1.5714 AUD
1 EUR = 166.284 JPY
1 EUR = 2.5265 BRL
1 EUR = 35.7124 RUB
1 EUR = 10.8356 CNY
Base Currency: US Dollar
on 07-November-2007

1 USD = 0.689 EUR
1 USD = 0.4798 GBP
1 USD = 0.9295 CAD
1 USD = 1.0826 AUD
1 USD = 114.573 JPY
1 USD = 1.7408 BRL
1 USD = 24.6057 RUB
1 USD = 7.4657 CNY
Currency Rates, EUR/USD Chart

Equities of the Largest Breweries

Equities of the Largest Breweries

Average Market Prices Change trend
November 07, 2007
Crop 2007 Crop 2008
2rs Barley €314.0-316.0 2rs Barley €275.0-277.0
6rw Barley €283.0-285.0 6rw Barley €238.0-240.0
2rs Malt €550.5-552.5 2rs Malt €499.0-501.0
6rw Malt €511.5-513.5 6rw Malt €452.5-454.5

Note: Just click on the price link and you will be led to our Market Price History. Average barley market prices are French and are estimated on FOB Creil basis. Average Malt Prices are theoretical and based FOB Antwerp being estimated on French malting . The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.


Top Industry News

Denmark: Carlsberg 3rd quarter profit rises 29% on Eastern European sales ...Click here
USA & Canada: Molson Coors reported higher income and earnings per share for the third-quarter of 2007 fiscal year ...Click here
Russia: Efes Breweries to consolidate Krasny Vostok stake into Moscow Efes for $368 million ...Click here
Philippines: San Miguel's domestic beer unit announces 11.74 % increase in net income for 9 month of 2007 ...Click here
Brazil: AmBev in process to buy Cintra beer brand ...Click here
Europe: Citigroup claims S&N sale is best option for shareholders ...Click here
China & Taiwan: Chinese becomes a major malt exporter as it won a tender in Taiwan for deliveries of 163,000 tons of malt ...Click here
Europe: Malting barley prices dropped in October but the amount of businesses was again negligible ...Click here
Europe: European Union barley crop estimates have stabilized at 57-58 Mill. tons ...Click here
Japan: Government boosts barley import budget after record prices caused the first funding shortfall for the purchases in almost three decades ...Click here
USA: Chinese barley purchase from Canada should keep U.S. prices strong ...Click here
Australia: ABB announces record harvest pool first advances of $325/tonne for malting barley ...Click here




USA: Boston Beer 3rd quarter profit falls on rising costs of ingredients and packaging material ...More Info
Russia: Baltic Beverages Holding (BBH) 3rd quarter profits surged 10.5 % on higher sales ...More Info
USA: The beer wars may be back as Miller new advertisement attacks Anheuser-Busch ...More Info
USA: Pyramid’s Snow Cap Winter Ale celebrates its 21st birthday ...More Info
Australia: Coopers launches new beer for Christmas ...More Info
USA: Battle of beer towns for Miller's headquarters ...More Info
Zambia: Zambian Breweries launched new Italian beer ...More Info
USA: Budweiser renews official beer status with NHRA drag racing making it one of the longest-running sponsorships in sports ...More Info
UK: Carlsberg chief accountant jailed for £366,000 theft ...More Info
Romania: Barley growers optimistic about 2008 grain crop due to last few month rainfalls ...More Info
UK: Barley Yellow Dwarf Virus (BYDV) threat likely to increase ...More Info
New Zeeland: New Zealand brewers face rising malt barley prices ...More Info
Iran: Barley production estimates slightly higher than in 2006-2007 ...More Info
Go to our news database with more than 11670 articles.
Today with the possibility to be translated in 7 different languages!
DE FR SP IT PT RU CN

Brewery News

Denmark: Carlsberg 3rd quarter profit rises 29% on Eastern European sales

Carlsberg A/S, said 2007 third-quarter profit rose 29 percent on sales in Eastern Europe, in a press release, November 7.

Business development

Beer sales in the first nine months of 2007 totalled 63.2m hl (calculated pro rata), an increase of 14%, which breaks down into 13% organic growth and 1% through acquisitions. The parts of the business operating in the growth markets of Asia and Eastern Europe, including BBH, saw the strongest growth. There was also a small increase in sales in the mature markets of Western Europe delivering market share growth in all key markets. The international brands Carlsberg and Tuborg continued to grow, achieving volume increases of 5% and 19% respectively, primarily as a result of strong growth in several of BBH’s markets. Net revenue increased by 10% to DKK 33,932m (DKK 30,798m in 2006). All regions made improvements during the period. The biggest was at BBH, which generated organic growth of 36%, but there was also strong organic growth of 22% in the rest of Eastern Europe. These two regions together accounted for DKK 2.6bn of the total revenue growth of DKK 3.1bn. Changes in the relative breakdown of revenue between the individual regions led to a lower ...More Info


USA & Canada: Molson Coors reported higher income and earnings per share for the third-quarter of 2007 fiscal year

Molson Coors Brewing Company reported higher income and earnings per share from continuing operations on increased net sales for the Company’s fiscal 2007 third quarter, in a company press release, November 7. Key results for the Company’s fiscal third quarter ended September 30, 2007, compared to the fiscal third quarter ended September 24, 2006, include the following:

* Net sales increased 6.9 percent to $1.69 billion. * Sales volume declined 0.2 percent to 11.2 million barrels, or 13.2 million hectoliters (HLs), primarily due to weather-related decline in sales in the Company’s U.K. business; * Total Company sales to retail (STRs) rose 2.1 percent. U.S. STRs rose 6.4 percent, while Canada STRs were up 0.8 percent. U.K. STRs declined 6.9 percent. * Cost of goods sold increased 8.8 percent to $987.3 million. * Marketing, general and administrative expenses rose 6.2 percent to $461.1 million. * Net income was $134.7 million * Excluding special and other one-time items, income from continuing operations (after tax) was $173.2 million, or $0.95 per diluted ...More Info


Russia: Efes Breweries to consolidate Krasny Vostok stake into Moscow Efes for $368 million

Efes Breweries International NV said it is consolidating its stake in Krasny Vostok Brewing Group into Moscow Efes Brewery (MEB), its operating subsidiary in Russia, for about $368 million, AFX News Limited reported November 6.

Krasny Vostok is the company's other operating unit in Russia.

MEB will finance the purchase partially with the proceeds of a previously announced ruble bond issue, and the balance through a capital increase.


Philippines: San Miguel's domestic beer unit announces 11.74 % increase in net income for 9 month of 2007

San Miguel Brewery, Inc., the largest beer producer in the country, saw an 11.74% increase in net income during the nine-month period, Business World reported November 6.

In its prospectus for its planned initial public offering, the company said it saw profits of P5.71 billion for the period, from P5.11 billion the same period last year.

Net sales grew by 8.56% to P31.96 billion from P29.44 billion, San Miguel Brewery said. It added that cost of sales reached P16.59 billion during the three quarters, 7.38% higher from P15.45 billion the same period last year.

Gross profit, meanwhile, amounted to P15.37 billion, up from P13.98 billion while operating income rose by 12.71% to P8.78 billion from P7.79 billion.

San Miguel Brewery said that it intended to increase its market share by pursuing targeted marketing efforts in the regions and localities where market share is lower such as in specific areas in North and South Luzon as well as in Visayas and Mindanao.

"The company intends to accomplish this by selecting specific products in appropriate packaging to match the competing products and brands. The company also intends to increase its product visibility in these markets through tactical consumer promotions and improve outlet penetration through persuasive selling and ...More Info


Brazil: AmBev in process to buy Cintra beer brand

Brazilian brewer Companhia de Bebidas das Americas, or AmBev, has started the process of acquiring the brand of local brewer Cintra for $10 million, the company said, according to Dow Jones Newswires, November 6.

The deal complements the purchase of Cintra's production assets for $150 million in April.

"Ambev and Cintra are taking the necessary steps to implement the transfer of the brand to Ambev for approximately $10 million," Ambev said.

Earlier in the day, an Ambev spokeswoman had said that the deal had been closed.

At the time of the sale of the production units, Cintra's controlling shareholder, Goldensand Comercio e Servicos, maintained an option to sell the brand and distribution rights until Oct. 28. That deadline was later extended to Nov. 5.

But Ambev had stepped in, agreeing to buy the brand at the pre-agreed sum of $10 million after no other interested parties were forthcoming.

Ambev said it has no plans to withdraw the Cintra brand and will continue investing in the company.

Cintra had a 1.12% market share in Brazil in April and 6% market share in Rio de Janeiro state.

Ambev's main objective was to increase production capacity, especially for carbonated and non-carbonated soft drinks, in Rio de Janeiro and to block local ...More Info


Europe: Citigroup claims S&N sale is best option for shareholders

The best option for Scottish & Newcastle shareholders is a sale of the business, according to a global brewing report by Citigroup, The Herald reported November 6.

"We expect S&N to pursue a vigorous defence of its shareholders' interests, but in our view maximum value appears to lie with the company being acquired," says the report.

It says investors believe that S&N is using its arbitration proceedings in Stockholm as a tactic, and that "the prospect of lengthy court proceedings and an uncertain outcome may persuade Carlsberg/ Heineken to raise their offer such that S&N management ceases to pursue the case."

Citigroup says Carlsberg is "highly unlikely" to want to relinquish its joint ownership of BBH, the subject of the Stockholm arbitration, while S&N shareholders are likely to be reluctant to allow or fund S&N to buy Carlsberg's stake at a very high price, even if it were possible.

The arbitration might help secure a high price for the Scottish brewer's BBH stake, but to maximise value fully that would need to be combined with a sale of the whole business, says the report.

It also questions whether S&N shareholders "would approve a 'defensive' move such as an acquisition or merger with another party."


Malt News

China & Taiwan: Chinese becomes a major malt exporter as it won a tender in Taiwan for deliveries of 163,000 tons of malt

China has become a major exporter of malt. Last week two Chinese maltsters won the tender in Taiwan for deliveries of 163.000 tons of malt from 2008 till 2010, analysts reported November 2.

Price levels were very high, but no other maltster in the world was able to offer malt for shipment in 2008. Estimates are that China shipped 200.000 tons of malt in 2007 and will export up to 300.000 tons next year.


Barley News

Europe: Malting barley prices dropped in October but the amount of businesses was again negligible

Malting barley prices had exploded from EUR 165,- to 335,- (FOB Creil, basis July) from February till September of this year, according to analysts, November 2. Early and constant purchases by the industry had found less and less sellers in the major markets of Western and Northern Europe. Crop results confirmed the earlier anxiety of the industry, yields were down, the quality (grain size and protein) was poor, fusarium, sprouting and pre-germination had affected especially the later harvested lots. Trade and industry adjusted to the precarious situation, especially barley with higher protein was accepted by all Continental maltsters. The U.K. and Scandinavia fared better. They can deliver round about a Million tons of correct malting quality barleys to their Continental neighbours.

In October markets fell still. As a consequence prices dropped, but the amount of business done was negligible. In France 2row spring barley, July, FOB Moselle, traded at EUR 320, and in Denmark EUR 310,- was paid for October shipment. The further development is difficult to judge, will malting barley follow wheat and other grains on a steady and steep path down, or will quality problems, export demand and the lack of imports drive markets up again or at ...More Info


Europe: European Union barley crop estimates have stabilized at 57-58 Mill. tons

EU barley crop estimates have stabilized between 57 and 58 Mill. tons, feed use will be no more than 36 Mill. tons, about 4 Mill. tons less than last year, according to analysts, November 2.

Exports to third countries are anticipated between 4 and 5 Million tons, because of a lack of competition from the Black Sea and Australia. The proximity of the deficit markets in North Africa and the Middle East plays a larger role than in former years, as ocean freight rates are sky-high. Export licences booked in the first four months of the crop year amount to 2.1 Mill. tons. The anticipated exports will take EU year end stocks to a minimum level, therefore markets will likely remain firm.


Japan: Government boosts barley import budget after record prices caused the first funding shortfall for the purchases in almost three decades

Japan boosted its barley and wheat import budget after record grain prices exhausted this year's allocation, causing the first funding shortfall for the purchases in almost three decades, Bloomberg reported November 6.

The government increased the budget by 55 billion yen ($480 million), or 23 percent, to 298 billion yen for the year ending March 31, the Finance Ministry said in a statement. Funding was 203 billion yen last fiscal year.

Japan relies on imports for 71 percent of its food barley. Rising costs are forcing companies such as Kirin Holdings Co., Japan's biggest brewer, and Yamazaki Baking Co. to increase prices.

``We ran out of money for wheat and barley imports by the end of October,'' said Youichirou Tomiyoshi at the Ministry of Agriculture, Forestry and Fisheries Grain Trade Division. ``We may have to add more money by the end of the current fiscal year if costs to import the grains stay high,'' he said by phone today.

Barley for March delivery closed at C$198.10 a ton on the Winnipeg Commodities Exchange, gaining 34 percent this year.

Japan's food barley imports are forecast to fall to 270,000 tons from 380,000 tons, according to the ministry. Australia is the largest ...More Info


USA: Chinese barley purchase from Canada should keep U.S. prices strong

A major sale of Canadian malting barley to China is expected to keep U.S. prices strong in the near term, an official said, The Minot Daily News reported November 7.

Steve Edwardson, the executive director of the North Dakota Barley Council, said the approximate 27.6 million-bushel sale of Canadian malting barley to China’s Green Food Development Center will likely open new markets for North Dakota barley that may have otherwise gone to western Canadian producers, and strengthen others in which North Dakota farmers were in competition with the Canadian Wheat Board.

“I am uncertain of the net effect on North Dakota barley producers, but one could estimate that it would help to keep prices strong,” Edwardson said. “Japan has been purchasing a considerable amount of barley from the U.S., and with less overall supply available to choose from in a generally short market, the net effect should be firm prices.”

Coincidentally, the Australian Bureau of Agricultural and Resource Economics issued a statement last week that indicates the Australian barley crop will be reduced by as much as 20 percent this harvest because of intense drought throughout that nation.

That should have a subsequent, positive effect on North Dakota’s exports, according to Edwardson.

It’s already beginning ...More Info


Australia: ABB announces record harvest pool first advances of $325/tonne for malting barley

ABB Grain Ltd announced record harvest pool first advances of $325/tonne for malting barley and $262/tonne for feed barley, following the opening of its 2007/2008 harvest barley pools, according to ABB’s press release, November 7.

ABB Grain’s managing director, Michael Iwaniw, said the figures represented “unprecedented first advances” and reflected continued, exceptionally high international barley prices.

This week ABB opened its 2007/2008 harvest barley pools quoting gross pool returns of $375-$385/tonne for malting 1 and $300-$310/tonne for feed 1 grade.

Mr Iwaniw said the pool advances took into account current market conditions including international barley prices, the value of the Aussie dollar and ship chartering rates.

“Growers have witnessed record prices for barley and this has been driven by a combination of reduced supply in the international and domestic markets,” he said. “ABB has been able to capture these prices with some sales to regular customers which are reflected in the price estimates.

“As always we will be endeavouring to maximise pool returns and we believe growers will find these pool estimates for the 2007/2008 crop and the first advances, very attractive.

“ABB, as usual, will continue its renowned reliability of payment to growers. Once growers have delivered barley to our pools, the average payment time ...More Info

Scientific Digest

CO2 correction factor for the net contents of containers

Submitted by Josep Torrent on behalf of the Analysis Conrniittee of the European Brewery Convention

SUMMARY
A new formula to replace the current EBC formula for the cor-rection of net contents in beer containers for the presence of CO2 has been derived from a bibliographic study that reviews the influence of carbonation on beer density determinations. The study reviews the relationship between beer density and CO2 partial molal volume (PMV) as defined by the American Societyof Brewing Chemists (ASBC) (ASBC Methods of Analysis Fills–1 formula) and that given by the European Brewery Con-vention Analysis Committee (EBC) and shows that in the currentEBC equation a CO2PMV of 0.65 mL/g and a residual CO2content after degassing of 0 v/v or % (m/m) is used. Experimen-tal determination of CO2PMV gives values of 0.73 ± 0.01 mL/gfor most of the standard European beers as Lager, Pilsener, Pre-mium and Export styles. Residual CO2levels after decarbona-tion were quantified for a series of degassing methods and werefound to be between 0.20 to 0.50 v/v average 0.40 v/v or 0.08%(m/m). A new equation for determining the CO2correction was then proposed assuming a PMV of 0.73 mL/g and a beer car-bonation level of 0.40 v/v or 0.08% (m/m) after normal de-gassing. The new formula is recommended for inclusion in Ana-lytica-EBC replacing the current formula.
... Load full article, 4 pages, 169 Kb, PDF file



Advertisement: TAU Competence

Malting barley prices.
French barley prices. Nominal prices
EURO = USD 1.4514 November 07, 2007 
 Crop year   2007   2008 
 Parity   FOB Creil   FOB Creil 
 Position   July 2007   July 2008 
Type   Variety  EURO  USD  EURO  USD 
2RS  Scarlett  317.00  460.50  278.00  403.50 
2RS  Prestige  316.00  459.00  277.00  402.50 
2RS  Cellar  315.00  457.50  276.00  400.50 
2RS  Sebastien  314.00  456.00  275.00  399.50 
2RS  Astoria  314.00  456.00  275.00  399.50 
2RS  Cork   314.00  456.00  275.00  399.50 
6RW  Esterel   284.00  412.50  239.00  347.00 

Prices for Danish malting barley are available
on site www.e-malt.com/MarketPrices

Theoretical malt prices

EURO = USD 1.4514 November 07, 2007
Crop year  2007 
Parity  FOB Antwerp 
Position  Nov 2007-Sept 2008 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO  USD  EURO  USD  EURO  USD  EURO  USD 
2RS  Scarlett  554.00  803.50  576.50  837.00  570.50  828.00  581.00  843.00 
2RS  Prestige  552.50  802.00  575.50  835.00  569.00  826.00  579.50  841.50 
2RS  Cellar  551.50  800.50  574.00  833.50  568.00  824.50  578.50  839.50 
2RS  Sebastien  550.00  798.50  573.00  831.50  566.50  822.50  577.50  837.50 
2RS  Astoria  550.00  798.50  573.00  831.50  566.50  822.50  577.50  837.50 
2RS  Cork   550.00  798.50  573.00  831.50  566.50  822.50  577.50  837.50 
2RS   Average price  551.50  800.50  574.00  833.50  568.00  824.50  578.50  839.50 
6RW  Esterel   512.50  745.00  536.00  778.00  530.00  769.00  540.50  784.50 
Asia Malt 70/30  540.00  783.50  562.50  816.50  556.50  807.50  567.00  823.00 
**  Asia Malt 50/50  532.50  772.50  555.00  805.50  549.00  796.50  559.50  812.00 


EURO = USD 1.4514 November 07, 2007 
Crop year  2008 
Parity  FOB Antwerp 
Position  Oct 2008-Sept 2009 
Conditioning  Bulk   In bags  Bulk containers Bags, containers
Malting barley variety  EURO USD EURO  USD EURO USD  EURO  USD
2RS  Scarlett  502.50  729.00  525.00  762.00  519.00  753.00  529.50  768.50 
2RS  Prestige  501.00  727.00  524.00  760.50  517.50  751.50  528.50  766.50 
2RS  Cellar  500.00  725.50  522.50  758.50  516.50  749.50  527.00  764.50 
2RS  Sebastien  498.50  723.50  521.50  756.50  515.00  747.50  525.50  763.00 
2RS  Astoria  498.50  723.50  521.50  756.50  515.00  747.50  525.50  763.00 
2RS  Cork   498.50  723.50  521.50  756.50  515.00  747.50  525.50  763.00 
2RS   Average price  500.00  725.50  522.50  758.50  516.50  749.50  527.00  764.50 
6RW  Esterel   453.50  659.50  477.00  692.50  471.00  683.50  481.50  698.50 
Asia Malt 70/30  486.50  705.50  509.00  738.50  502.50  729.50  513.50  745.00 
**  Asia Malt 50/50  477.00  692.50  500.00  725.50  493.50  716.50  504.50  731.50 

NB: Prices published are theoretical malt prices including financial cost, THC (for bulk and bags container) and all administrative costs. This prices may fluctuate according to the quantity per delivery and technical specifications.

* - 70/30 = 70% Average two Rows Spring and 30% Six Rows Winter
** - 50/50 = 50% Average two Rows Spring and 50% Six Rows Winter

Table of the week

Czech hop acreage in 2007

Variety/Region Saaz (ha) Auscha (ha) Tirschitz (ha) Czech Rep. (ha)
 Saaz 3642  632  566  4840 
 Sladek 157  57  215 
 Premiant 134  41  74  249 
 Agnus 51  51 
 Bor 10  10 
 Other 12  24 
 TOTAL 4006  681  702  5389 

Development of Czech hop acreage from the year 2000 (ha)

Variety/Year 2000  2001  2002  2003  2004  2005  2006  2007 
 Saaz 5913  5860  5639  5574  5407  5231  4926  4840 
 Sladek 82  92  152  163  195  202  222  215 
 Premiant 70  88  141  149  151  153  181  249 
 Total acreage 6095  6075  5968  5942  5838  5672  5414  5389 
Source: Hop Growers Union of Czech Republic, September 2007
Graph Of The Week


These Days in Business History
November 05
1492 Christopher Columbus learns of maize (corn) from Indians of Cuba
1895 George Selden patents 1st gasoline-driven car

November 06
1851 Charles H Dow was born, co-founded Dow Jones/1st editor of Wall St Journal
1923 Col Jacob Schick patents 1st electric shaver

November 07
1865 London Gazette, oldest surviving journal, is founded
1867 Marie Curie is born, French Scientist, discovered radium, Nobel 1903, 1911
1929 The stock market sludges through a day of murky panic, as 2.4 million shares trade in the first half-hour, one of the heaviest openings yet on record
Agenda