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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Oct 19, 1973

Page

5

Markets Roundup From Cotton to Grains and Stocks

Complete markets report notes shifts in stocks bonds and commodity prices. Cotton livestock and grain values move amid daytime trading with small gains and notable price changes across sections.

Market Drops After Arab Oil Cutback Threat

New York stocks fell as news of a Saudi oil production cut by 10 percent prompted by U.S. policy in the Middle East. Dow closed 2.78 lower at 959.74, with 1,787 issues trading and the NYSE composite at 59.39. Trading was active at 19.21 million shares as oil-linked gains and losses rippled through majors like Exxon, Continental Oil, Phillips Petroleum, and Union Carbide. IBM edged up after a delay in a major antitrust ruling.

New York United States New York Stock Exchange King Faisal Saudi Arabia U.S Faisal Mideast Exxon Canada Alaska Continental Oil Phillips Petroleum Standard of Indiana Union Carbide Bausch & Lamb IBM

Also Mentioned on This Page

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