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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 12, 1992
Page
10
An OCR rough of the New York Stock Exchange quotes shows a dense, fragmented stream of numbers and symbols. It reads like intraday ticker noise with no clear events or headlines, illustrating a chaotic snapshot of market activity rather than a cohesive story or notable movement.
In New York, blue chips recovered from an early drop as trading ended mixed. The Dow Jones average rose 8.29 to 3351.51 after a midday low, while volume reached about 193 million shares. Labor and Commerce data showed mixed signals on inflation and recovery. Merck led gainers among blue chips with a 1.5 point rise to 49.14.
NYSE issues consolidated trading June 11 1992 with 245 541 530 shares traded across 2 272 issues. Dow Jones up 8 29 to 3 351 51, S&P 500 at 409 05, Nasdaq not cited. IBM up 17 to 92 GE up 7 at 76 74 Exxon up 8 at 63 1, Boeing up 7 at 44 14. Amdura tumbled 5 to 3 after announcing possible debt restructuring as Value Merchants fell 4 to 12 as quarterly loss widened. Sotheby's BID filed for 10 million share offering.
California authorities seek to revoke Sears license to repair cars after undercover probes found average overcharge of 223 dollars per visit over more than a year. Officials say Sears used its trusted image to fleece customers while employees faced sales quotas and wage restructuring. Sears calls the charges incompetent and vows to contest in court.
United Parcel Service proposes a 250000 square foot air cargo hub on 47 acres at Dallas Fort Worth International Airport with potential to employ 1100. Operations could begin as early as spring 1994 as city councils near bond approvals and a 42 year lease.
M W Kellogg or MK Kellogg said it won a 640 million dollar contract to help build a gas processing plant near Bergen Norway. The plant will handle 84 million cubic meters of Troll field gas and begin operations in 1996.
Prudential Insurance Co announces plan to foreclose on the Comet Rice plant in Greenville for loan default. Notice posted at Washington County Courthouse states sale to highest bidder at the courthouse front door from 11 a.m. to 4 p.m. on July 6. Harper Young of the Industrial Foundation of Washington County cautions the move may proceed only if debt restructuring fails.
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