Milestones: Jul. 8, 1985

CONVICTED. R. Foster Winans, 36, former Wall Street Journal reporter, on 59 counts of conspiracy, securities fraud, and mail and wire fraud, for using advance knowledge of his paper's stories to make illicit profits in the stock market; in New York City. Winans had passed along information about future stories to former Kidder, Peabody Stockbrokers Peter Brant, who previously pleaded guilty to similar charges, and Kenneth P. Felis, who was found guilty last week on 41 counts. Of the $675,000 in profits, $31,000 was funneled to Winans through his longtime roommate, David J. Carpenter, who was convicted on twelve counts.

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