John Dillon Favorable Quotations

Market conditions are more favorable than we've seen in some time. Our efficiency and cost-reduction efforts have racked up record savings during the last two years and are on pace to do so again in 1999.

These second-quarter results continue the favorable trend in industry conditions that we began to see earlier this year, ... We will be divesting or closing operations that no longer meet the company's financial or strategic objectives.

Our capacity management and divestiture efforts, coupled with a rigid financial discipline, are having a favorable impact on our performance and will continue.