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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 28, 1986
Page
26
Noon quotes and composite market table showing trade prices, dividends, and ratios for a wide range of corporations. Notes explain market regions and the meaning of indicators, with footnotes detailing dividend codes and stock splits.
Nationwide composite prices for selected American Exchange stocks are listed for Thursday August 28 1986. The table shows last prices changes and percent changes for numerous issues including Dome Petro Petrofina Gate Lear Starrett Teletrex and Vernitron among others. The data reflects broad market movements across commodities energy and industrials with varied price shifts.
The Commerce Department reports a 1.1 percent July rise in its Index of Leading Indicators, the largest since April, aided by money supply growth and higher new business formation. June is revised from a 0.3 percent increase to a 0.4 percent decline, tempering the upbeat signal amid an overall sluggish economy.
Garvin Senn, a Texaco dealer on Stemmons Freeway, joins about 2,500 Texas dealers suing Chevron Exxon Mobil Shell and Texaco. They claim price fixing by majors and note the shift from independent ownership to company ownership raises bankruptcy risk as crude prices collapse. Connecticut and Texas suits allege dealers paid up to 20 cents more per gallon during the spike.
Anderson Clayton & Co. inks a definitive deal with Bank of America and 12 banks to provide 225 million of the 480 million needed for payment of shares in its pending self tender. Remaining funds come from senior subordinated notes and asset recoveries. Bank of America acts as agent bank.
Several oil and gas well listings including Wildcats Gun Management Co in Wichita Falls No 20 RRR S.B. Burnett Estate with 6 300 feet from north and 2 366 feet from west in Abstract 3 J Axtell Survey 11 miles SE of Guthrie Diamond Shamrock Explo Co Amarillo No 436 Theora Calverley 8200 feet in Glasscock County 1900 feet from north line 1550 feet from east line Sec 36 Block 35 Township 3 S T P Survey 9 miles NE of Garden City Southern Union Explo Co Dallas No 4 H H Trippet 3900 feet Reeves County 1980 feet from south line 660 feet from west line Sec 42 Block 56 Township 3 T P Survey 10 miles NW of Arno.
Detroit AP General Motors announced a limited time incentive to cut a surplus of 1986 cars. The program offers 2.9 percent loans for 36 months with 4.8 percent for 48 months and rebates up to 1 500 dollars. Effective today through October 8. GM postpones the 1987 model year start to October 9 to maximize impact.
The dollar weakens slightly on European markets while bullion gains about $3.50 per ounce. Gold opens in London at 380.80, midmorning dealers set 384.00, Zurich mirrors 384.00, and Hong Kong closes at 381.28. Bundebank heads plan to decide on potential discount-rate cuts as Tokyo closes.
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