OTHER NEWS - July 8, 1995

Alcoa 2nd-Quarter Income Soars: The company said higher prices for aluminum helped it boost quarterly earnings more than fivefold to $219.4 million. Pittsburgh-based Aluminum Co. of America, the world’s largest producer of the metal, said the net profit amounted to $1.23 per share, up from 25 cents a share in the second quarter of 1994. Second-quarter earnings were $45.4 million last year. Revenue totaled $3.1 billion, compared to $2.5 billion in 1994. Higher prices allowed the company to increase earnings despite the decline in sales volume. James Ayscue Jr., a Philadelphia-based aluminum analyst with PNC Bank, said the Fed’s recent rate cut will stimulate demand for aluminum.