	peerless manufacturing pmfg o sells unit peerless manufacturing co said it has sold its industrial sensors and instruments division and panhandle equipment co subsidiaries for a total of dlrs in cash it said the transaction will result in a loss of about dlrs or cts per share which it will take in the fourth quarter ending june peerless said due to the sale it will probably have a loss for the year it said it sold the units to buyers it did not name due to increasing losses caused by the depressed petroleum equipment market peerless earned dlrs or cts per share in fiscal it said the units being sold lost cts per share in the first nine months of fiscal and cts in all of fiscal reuter 
