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SHORT-TERM INVESTMENTS: (Tables)
9 Months Ended
Sep. 30, 2017
SHORT-TERM INVESTMENTS:  
Schedule of short-term investments

 

Short-term investments were as follows ($ in millions):

 

 

 

At September 30,

 

At December 31,

 

 

 

2017

 

2016

 

Trading securities

 

$

29.5

 

$

49.2

 

Weighted average interest rate

 

1.4

%

2.2

%

 

 

 

 

 

 

Available-for-sale

 

$

1.0

 

$

2.1

 

Weighted average interest rate

 

0.70

%

0.78

%

 

 

 

 

 

 

Total

 

$

30.5

 

$

51.3

 

 

 

 

 

 

 

 

 

 

Summary of activities of short-term investments

 

The following table summarizes the activity of these investments by category (in millions):

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30,

 

September 30,

 

 

 

2017

 

2016

 

2017

 

2016

 

Trading securities:

 

 

 

 

 

 

 

 

 

Interest earned

 

$

0.2

 

$

0.3

 

$

0.6

 

$

1.0

 

Unrealized gain (loss) at the end of the period

 

$

0.1

 

$

0.3

 

$

0.1

 

$

0.3

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale:

 

 

 

 

 

 

 

 

 

Interest earned

 

(*

)

(*

)

(*

)

(*

)

Investment redeemed

 

$

0.1

 

$

0.3

 

$

1.1

 

$

0.8

 

 

 

(*) Less than $0.1 million.