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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 01, 1973
Page
8
AP reports a chaotic one p.m. snapshot of NYSE quotes with interdealer bids and asks for large lists of equities. The page lists numerous ticker prices, percentages and changes across many companies, markets, and sectors, capturing a volatile, busy trading day.
A dense listing from New York prices for mutual funds and bonds, with quotes for numerous funds, trusts, and companies. The data shows end of day NAVs and sales charge values across Adms, Fidelity, Putnam, Vanguard, and many others, plus bond prices from Lex Group and Cont Mut. Figures cover many fund families, with totals and year-to-date figures included.
Treasury bond quotations for New York show bid and asked prices in dollars and thirty seconds. Rates span various maturities from 1973 to 1998 with changes noted. tax status noted as federal taxes apply but not state.
Midland school board approves a 14 million dollar budget up from the current year by about 500000 with no tax hike due to higher state funds. Public hearing set for Aug 14. Teachers gain roughly 400 dollars. Enrollment expected to 16240 with new kindergarten classes. Last term’s enrollment 16111. A charge of aggravated assault filed in Ector County Court against Jackie Lee David Alford 28 for a Friday beating of Linda Kay Harlow. Address on file 200 Kennedy 31 3611 Walnut. No arrest yet.
The Dow Jones industrials slid 9.86 to 916.54 at noon as investors cited a weak dollar, rising interest rates, and inflation worries. Volume favored decliners on the NYSE by 9 to 2, with Tandy Corp leading losses and Delta Air Lines slipping after a Boston plane crash report. Western Union also declined while the NASDAQ-related index edged lower.
Reader asks about allocating about $23,000 for stocks or bonds. Advice emphasizes personal risk tolerance and long-term goals, recommending high quality stocks or bonds, not speculation, plus a financial profile to tailor a list of suitable investments. Also offers practical "don'ts" and resources, plus a note of thanks to readers and a weekly investment thought.
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