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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 03, 1986
Page
17
Nationwide composite prices show mixed results with several names listed on the American Stock Exchange. Investors watched Petro, Hormel, and Teledyne gain modestly while others like Galaxy and Pat Kirby faced uneven moves amid shifting industry headlines and market dynamics.
Frank Borman announces resignation after 11 years as Eastern Airlines chairman, effective June 30. He will join Texas Air Corp. as vice chairman July 1, move to Las Cruces, New Mexico with his wife, and notes the airline’s strong safety record and few consumer complaints as key achievements.
The dollar fell sharply in Tokyo by 4.15 yen to 172.15 and slid against European currencies as traders awaited James Baker's remarks on the dollar. Gold held near $341.50 to $341.85, while the pound rose to $1.4883 and yen traded at 171.88 in London.
Mineral Wells and surrounding areas show new oil well locations. Chester R Upham Jr and Raymond McCutchum report wells in Coke County near Robert Lee. Anschutz Co. presents Lehman No 16-25 in Mitchell County near Loraine. Details include section, block, survey, and precise offsets. Information from Andersons New Location Service of Midiana.
Daily quotations from the National Association Security Dealers with inter-dealer bid prices. The text lists several company names and numeric fragments, including Taco Villa Rival MGF Oil Tom Brown Drilling Tipperary Land Co Stewart & Stevenson Dawson and others in a jumble of figures and codes.
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