ALBERT

Notes: We examine dual classes of shares with identical dividends and liquidation treatment, but with different voting rights. We extend previous dud class studies by examining bid-ask adjusted prices and by examining returns after controlling for bid-ask spread and market value differences between voting classes. We establish that voting right differences, although related to price differences between superior and restricted voting shares, do not impact on average returns behavior. These findings are consistent with previously forwarded voting premium hypotheses.

Notes: Abstract Bordetella bronchiseptica grew from small inocula, and retained viability for at least 24 weeks, in unsupplemented lakewater or phosphate-buffered saline. From washed inocula of around 103 colony-forming units/ml, there was growth at both 10°C and 37°C to give 106–107 colony-forming units/ml. At 10°C, these counts were maintained with little diminution up to week 24 when observations ceased. In the tests at 37°C, two of three strains tested showed similar retention of viability. These results suggest that B. bronchiseptica may exist as hitherto unsuspected reservoirs of infection in freshwater habitats.

Notes: The New York State Water Resources Institute at Cornell University undertook a two-year sampling survey of pesticides in ground water beginning in 1985. The survey focused on areas where combinations of agricultural pesticide use, soil texture, and ground water occurrence seemed likely to lead to leaching. The sampling survey included samples from four types of sampling points: (1) monitoring wells; (2) existing water supply wells; (3) test holes; and (4) tile drains. The monitoring wells were sampled repeatedly throughout the project to attempt to characterize temporal changes in water quality corresponding with seasonal changes in ground water levels. The pesticides studied for this project were atrazine, alachlor, cyanazine, metolachlor, carbaryl, carbofuran (and a metabolite, 3-hydroxy carbofuran), and simazine. All, except for carbaryl, have been found in ground water in other sampling surveys in the United States.The results of the sampling survey did not reflect the careful choices of enviromental characteristics and pesticide use that seemed likely to lead to leaching. Residues of three pesticides were detected in six single samples from separate sources at four of the 30 sites tested. Three of the six samples came from shallow test holes that were used to sample the shallowest possible saturated soils beneath fields. The three pesticides detected were atrazine, simazine, and 3-hydroxy carbofuran. Of the six samples, a single sample from a test hole contained atrazine concentrations equal to the current federal health advisory for long-term exposure to atrazine (3 ppb).The remaining detections were between the limit of detection for analytical methods and the federal health advisory for each pesticide. The federal health advisories were formulated after the end of the project. Analytical methods may have been insensitive with respect to these advisories. Sampling results from other surveys suggest that many detections of the same pesticides lie below the limits of detection used for this sampling survey.A possible explanation for the lack of detections, given the design of the sampling survey, may lie in the agricultural practices noted at sampled sites. Most of the farm managers rotated their crops and pesticides on many small fields. Although the environmental conditions chosen for sampling sites were expected to lead to contamination, reported pesticide applications varied from year to year and field to field according to rotational schedules. The inconsistency of applications from year to year may explain the lack of detections (at the limits of quantification used for analyses) noted in this sampling survey.

Notes: : The statistical analysis of data which have trace level measurements has traditionally been a two-step process in which data are first censored using criteria based on measurement precision, and then analyzed with statistical methods for censored data. The process might be more informative if data were left uncensored. In this paper, information loss attributable to censoring and measurement noise are assessed by comparing the sample mean and median of uncensored measurements with a log regression mean and median based on censored data. Measurements are derived from lognormal parent distributions which have random variability characteristic of trace level measurement. The relative performance of estimators used with error-free samples and with samples having measurement noise can be explained by differences between the probability distributions of parents and measurements. Measurement introduces bias and dispersion and transforms lognormal parent distributions toward greater symmetry. Estimates using uncensored data are less biased and more accurate than the log regression mean and median when censoring exceeds about 50 percent, and are not much worse at any fraction censored. For data with many (80 percent) results below the limit of detection, bias may be quite severe.

Notes: The Russian wheat aphid (RWA), Diuraphis noxia (Mordvilko), poses a serious threat to wheat (Triticum aestivum L.) production in many parts of the world. This research was initiated to evaluate wheat accessions for detection of resistance to the RWA. Over 12,000 wheat cultivars and plant introductions (PIs) from the USDA-ARS National Small Grains Collection were evaluated for reaction to RWA feeding damage. Twenty-nine PIs from Iran, Afghanistan, and the former Soviet Union, of various agronomic backgrounds were identified as having moderate to high levels of RWA resistance. This information is useful to wheat breeders searching for sources of resistance to the RWA to incorporate into their breeding programmes.