CORE DUMP

Neil S. Hirsch, president of Telerate Inc., sold one million shares of Telerate stock to majority shareholder Dow Jones & Company Inc. at an above-market price of $16.50 per share. The sale had the effect of lifting Dow Jones' stake in the company from 56% to 57%. Hirsch's Telerate stock holdings prior to the transaction were estimated at 6 million shares. It was the first sale of Hirsch's personal Telerate stock.

While some investment research analysts said the move might be interpreted as a harbinger of deteriorating Telerate earnings, a company spokesman attributed the deal to a pending divorce settlement.

Bloomberg Inc. has been granted permission by 30% owner Merrill Lynch & Co. to distribute its Bloomberg Financial Markets product to thirteen previously embargoed securities trading units. The firms identified were Bankers Trust Co., Bear, Stearns & Co., Citibank, Daiwa Securities Co., Drexel Burnham Lambert Inc., First Boston Inc.- Credit Suisse First Boston, Goldman Sachs & Co., J.P. Morgan & Co., Kidder, Peabody & Co., Morgan Stanley & Co., Nomura, Salomon Inc., and Shearson Lehman Hutton Inc.

Dealers' Digest Inc. has withdrawn as the sponsor of the 1989 National Financial Computer & Automation Conference according to officials at H.A. Bruno Inc., which owns and produces the show. Dealers' Digest is the publisher of Wall Street Computer Review and Computers in Banking magazines. The third annual National FinCom show is scheduled for May 9-11.

Bear, Stearns & Co. Inc. Chairman and CEO Alan (Ace) Greenberg has reportedly instructed the firm's technology staff to do whatever is necessary to phase out the services of Automatic Data Processing Inc.

Bishopsgate Systems is offering a card that expands the memory of its intelligent workstations to one megabyte. Bishopsgate has also introduced an optional floating point processor to support analysis using real-time data.

Long Term Credit Bank of Japan has gone live with a new 22-position dealing room in London. Micrognosis International, which outfitted the bank's Japanese headquarters, provided a video switch for the London room. Each workstation at the King William Street offices receives five video feeds and has three monitors -- two monochrome and one color. Although the Long Term Credit Bank of Japan does not currently receive any digital feeds, Micrognosis says the system has been designed to evolve along with the bank's technology requirements.

The Securities Industry Association will hold its 1988 international conference and exhibit Oct. 25-26 at the Penta Hotel in New York. The theme of this year's conference is "International Markets After the Crash: Past, Present and Future." Speakers include David S. Ruder, chairman of the Securities and Exchange Commission, and David Walker, chairman of Britain's Securities and Investments Board.

MMS International is now offering its yen market report and gilt market analysis through Reuters in North America. The services were previously available on Reuters outside North America. The yen product costs $375 per month per terminal and the gilt product costs $275 per month per terminal.

Montgomery Securities of San Francisco began distributing its research Oct. 3 on First Call, the PC-based satellite delivery system jointly owned by Technical Data International of Boston and several major brokerage firms.

The French Treasury has set up a new delivery versus payment system for Treasury bills and notes known as "Saturne." SICOVAM, the French clearing organization, plans to offer a delivery versus payment system for bonds early in 1989, Jean-Claude Trichet, director of the French Treasury, told an Oct. 12 meeting in New York.

Control Data Corp. has raised its equity interest in Micrognosis Inc. from 75% to 97% by purchasing stock from a group of current and former employees of the trading room systems supplier. Terms of the agreement were not disclosed. David P. White, president of CDC's business service group, says the purchase confirms confidence in Micrognosis and its future. White says Control Data "will continue to expand the products and services it offers to meet the needs of its financial information services customers, through Micrognosis and other divisions."