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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 09, 1986
Page
12
Fragmented OCR data shows varied stock quotes and percentages for multiple companies. Mentions include Procter and Gamble, RCA, Rockwell, Questar, Pulte Homes, and Pennroads among others, with bid and price indicators scattered across difficult-to-parse text. The readable segments suggest a daily price snapshot or market ticker style list from an early financial page.
Nationwide composite prices for selected American Stock Exchange stocks are listed with dividend types and stock actions. The article outlines dividend categories, stock splits, and rights events, plus price and earnings multiples for Amex listed equities.
The dollar rebounded in Europe amid hectic trading after London markets opened, with traders citing strong demand and short-covering ahead of the weekend. Gold bullion rose with London fixing midmorning at 341.85 dollars per ounce, while major currencies firmed against the dollar in late Friday levels.
Mexico faces a currency crisis with the peso plunging around 30 percent in a week. The fall fuels fear and protests as inflation looms and central banks raise rates to 84 percent. Bankers reject paying the debt in pesos. IMF demands pursue austerity.
Gasoline prices increased for the sixth straight week driven by higher consumption though still 24 cents cheaper than January. The national average rose to 97.08 cents a gallon in the two week period ending Sunday, with self-serve leaded at 84.75, unleaded regular 90.65, and unleaded premium 1.0407 dollars. Analyst Dan Lundberg notes a prior drop in demand pressured wholesale and retail margins and predicts prices will edge higher through summer despite crude futures dipping below 13 dollars a barrel.
A Delaware court hearing today could block Anderson Clayton & Co. recapitalization plans after stockholders approved the reorganization by over 80 percent of 10.2 million votes. Bear Stearns and Gross offered 54 dollars a share to buy, but the board remains committed to the recapitalization.
Amoco Corp plans to roll out its first new fuel in a decade, Ultimate Lead Free Premium, aimed at reducing injector fouling in fuel injected engines. GM had urged industry action to curb injector problems as engines shifted from carburetors, with Mobil previously introducing additive specific fuels. Amoco becomes the second major producer to target newer fuel injected cars amid rapid engine fleet changes.
Inter dealer quotations from the National Association of Securities Dealers show bid prices between firms. The report notes that quotations exclude markups commissions and reflect inter dealer levels only.
Wildcat and parallel drilling records list Abilene based Wildcats Sun Exploration and Dickens County sites with distances from lines and survey references. Whalen Drilling and Mining in Warrensburg New York and Parallel Petro in Midland appear with No. Buck Creek and No. Pendegrass locations and survey markers.
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