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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Sep 13, 1985
Page
6
Wall Street slid for the third straight session as the Dow Jones average fell 7.05 to 1312.39 the lowest since June 20. Trading showed broad weakness across financials and cyclicals while investors awaited key U.S. August data.
Lasertechnics and Wolfensohn Associates announce a venture to create Tonic Systems Corp. with equal ownership. Wolfensohn commits up to 2 million while Lasertechnics contributes tech and stock options. First products target semiconductor VLSI device cost reduction and performance.
Chicago AP reports cattle futures trading on the Chicago Mercantile Exchange opened with gains as traders responded to early pricing signals. Prices moved through the session with modest highs and lows before settling higher, reflecting cautious demand and supply expectations.
Market summary shows NYSE grains and CBOT activity with open highs lows and last trades. Prev day figures indicate declines in sales and open interest across grain futures, reflecting cautious trading in Chicago and New York sessions.
Factory 2-U, a discount outlet and subsidiary of Capin Mercantile Corp., celebrated a Roswell grand opening at 1011 W. Second St. The outlet, open daily with posted hours, will hire 28 staff and marks the company’s 13th discount outlet. Capin noted growing local need and community ties as key aims. Capin Mercantile Corp. operates 26 other locations in Arizona and New Mexico since 1920.
R I Gaines Co of Roswell earned a bronze Step Forward certificate from Pure Water Inc of Lincoln Nebraska for surpassing last year's business by 25 percent. A E Meder president of Pure Water Inc said the award honors recipients at the International Convention and personal recognition is given. R J Gaines Co located at 904 N Washington Ave.
The Southeastern New Mexico Speech and Hearing Clinic announces new management and hires Roxann Ferguson as a professionally certified, state licensed audiologist. Ferguson, formerly with John Shea Otology Clinic in Memphis, brings experience in audiological evaluations, electronystagmography, brain stem testing, hearing aid fittings and industrial hearing conservation.
Abilene Kansas The board of directors of Duckwall Alco Stores Inc has declared a quarterly dividend of cents per share payable Sept 19 to shareholders of record Sept 3.
Spot nonferrous metals report mixed prices with aluminum at 45.40 cents per pound and copper around 66 to 69 cents per pound. Zinc, tin, gold, silver, mercury and platinum show quoted ranges across NY Comex and related markets with domestic merchant and delivery details.
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