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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Jan 05, 1973
Page
5
New York observers enter January with optimism as multiple factors support stock prices. Forecasters note strong liquidity, corporate earnings prospects, and improving economic indicators fueling positive sentiment amid muted inflation and cautious investor stance.
The piece notes the Jan 5 1978 date with history snapshots and cites optimistic U.S. economic prospects linking potential 12 to 18 percent corporate profit gains. It discusses foreign investment support, inflation pressures in Europe, and growing institutional influence on stock prices. It mentions mutual fund redemptions totaling $258.3 million in November and questions Vietnam's peace impact on markets.
HOUSTON API Shell Pipe Line Corp says it finished a cross river project to install eight pipelines across the Mississippi near Taft Louisiana and the Norco Refinery. The lines include six 6 inch and three 4 inch pipes with one 16 inch line to carry natural gas from Gibson, Illinois to Norco. The effort used laser surveying and hydrostatic testing, costing 24 million and aims to maximize equipment and manpower use.
Texas A&M extension experts David B. Mellor and Marshall M. Miller project a favorable broiler year in 1973. They advise a modest three percent production rise in Q1, aided by lower feed costs, improved hatchability, and heavier birds. Demand should grow with economic expansion and higher disposable incomes.
New York reports show rising cost of living and a widening trade deficit. Officials anticipate tweaks to profit controls and possible phasing out of rent controls, while Shultz cautions against direct rate controls amid inflation. Farmers face loan suspensions as spending caps bite.
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