Word: unloading
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...race day a crowd of more than 15,000 pours into the small Ruidoso Downs track. In the exclusive Jockey Club, ranchers and oilmen accompanied by bejeweled blondes in cowboy boots unload fistfuls of $100 bills at the tote windows. Their bets, combined with those of the grandstand, bring the handle...
...resort-town whatsit shops, where summer visitors unload old paperbacks, a good used thriller is rarely in stock. Biographies, gothics, sex novels abound. But whodunits tend to linger on in vacation cottages until, in a welter of unglued clues, they spill apart. This summer at least four volumes will be read to shreds by season...
...market last Wednesday. Market analysts had expected companies to raise $5.5 billion by selling new bond issues in April; now they think that the total may be as low as $3.2 billion. Underwriters, who buy newly issued bonds from companies and resell them to the public, have had to unload some at profitless prices. Complains J. Perry Ruddick, senior vice president of Manhattan's Smith Barney & Co.: "All of a sudden, every time you bought, you were wrong...
Storage tanks in Europe, the U.S. and elsewhere are brimming with oil. In some cases, ships are being turned into floating petroleum repositories. Oil-heavy tankers on the long voyage from the Persian Gulf are being ordered to slow down, because there is no place for them to unload...
...oversupply has led to subtle price discounting, which enables some petroleum-producing states to unload part of their excess while keeping the.of-ficial price intact. OPEC'S price is pegged to the $10.46 that Saudi Arabia charges for its high-quality light oil; all other cartel crude is priced above or below that figure, depending on quality, shipping costs and other factors. Algeria's price has dropped from $14 per bbl. a year ago to $12 now, largely because premium charges for high quality and other factors have been removed. Libya has recently been forced to trim...