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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 10, 1985
Page
12
A Cooper LaserSonics technician uses a prism to gauge power strengths at the sides and center of a laser beam to ensure maximum strength with minimal distortion. Santa Clara California firm makes lasers for eye disease and tumor treatment as well as reducing arterial blockages.
Washington AP The head of the House Banking Committee Rep Fernand St Germain calls for stronger federal oversight of informal bank chains found in a panel study. Among 6900 ownership changes from 1967 to 1982, 1426 banks were part of 535 chains with 128 spanning state lines, bypassing interstate banking rules and risk controls.
IBM plans for an office complex on 1055 acres along Highway 114 trigger a land boom in northeast Tarrant County. Purchases in Westlake Southlake and Trophy Club would add 4 million square feet of space, surpassing totals in Arlington Hurst Euless and Bedford. Prices surged from 60000 to over 250000 per acre as area executives expect further corporate influx.
A list of oil and gas wells with operators, field names, well numbers, and production figures across basins such as Andrews Crane Culberson Eddy Gaines Glasscock Martin Pecos Reagan Sterling Upton Yoakum. Notable entries include Exxon Leggitt Fed 3 849 and Diamond Shamrock Calvary 7 900 with other totals ranging from about 2,000 to 12,000.
Midland firms Wildcats RK Petroleum and TXO Production report new well locations across Texas. Wildcats RK Petroleum’s No 24 Crossroads sits 12 miles SW of Lamesa in Dawson County with precise line distances. TXO’s No 1 Awash dawdles near Imperial Energy Reserves Group in Pecos County. A separate No 1 McAlister well lies 9 miles SE of Floyd in Roosevelt County with detailed section and fractional line references.
Daily quotations from the National Association of Securities Dealers show inter-dealer bid prices. The data reflects prices between dealers with no markup or commission included in the figures.
In London and across Europe the dollar strengthened versus major currencies while gold prices slipped. Tokyo closed with the dollar at 250.15 yen, up from Friday. The British pound traded near $1.2600, and gold opened at $312.80 in London with a midmorning fix around $310.75. In Zurich gold opened at $312.60 bid, then fell to $311.10. Hong Kong closed gold at $313.60 bid, down from Saturday.
Gas prices have climbed for four straight months and are expected to continue rising due to increased summer driving and new federal lead content rules. Dan Lundberg, oil industry analyst, reports average prices across 17,500 stations show regular leaded about $1.12, regular unleaded near $1.20, and premium just over $1.31.
The Veterans Administration sold 178 repossessed Houston area homes at auction over the weekend to 1,500 bidders, with prices up to 63,000. VA Houston regional director Ted Myatt cited large inventory and market conditions. total VA loans secured in the area exceed 1.5 billion for about 2,800 properties. Homes ranged from Galveston beach houses to Sugar Land townhomes, with a Sugar Land three bedroom at 63,000 and an older northeast Houston house at 7,500.
Selected nationwide composite prices for NYSE listed stocks on Monday June 10 1985 include Abbott Air Prod Alcoa Amoco Exxon and many others with last price letters and daily changes. The data mirrors a wide array of industry leaders, including Citicorp General Electric and Dow components, reflecting a broad market snapshot for mid 1985 trading.
Nationwide composite prices for selected stocks on the American Star Exchange for Monday June 10 show last prices and changes. The list includes companies such as Adobe, Banister, Crystal, Frontier, Galaxy, Gates, Grinen, Hovoit, and Superior. Market activity covers instruments, last, and percent changes with several entries truncated by OCR.
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