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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 17, 1973
Page
10
Trading at 1 pm shows varied moves across many listed firms led by Exxon, Walt Disney, General Electric, and Ford, with notable shifts in DuPont, IBM, and American Telegraph. Market breadth includes gains for some blue chips while others lag, reflecting sector swings and stock-specific factors.
A dense collage of stock quotes and commodity prices from New York and Chicago markets. Names like IBM Sears R RCA Texaco and US Steel appear among futures for wheat oats soybeans and soybeans oil and meal while commodity prices for wheat oats and corn shift with daily trading. The text reflects a snapshot of investment activity and market listings typical of a late 20th century financial page.
New York stock market drifted lower amid rising interest rates and stubborn inflation. The Dow Jones industrials averaged 30 shares at noon faced a subdued trading session as investor caution persisted.
Boy Scout Troop 57 sponsored by the Odessa Downtown Rotary Club will present 15 scouts with ranks and merit badges at 7:30 p.m. Saturday in Floyd Gwin Park. Second class awards go to Richard Cohen Wesley Aiken Kelly Jones Mike Clark James Kennedy Oscar Martinez and Scott Ritter. First class recipients are Dean Norris Mark Ritter Robert Fitch and Wesley Stephenson. Merit badges awarded to Wesley Stephenson Mark Ritter Dean Norris Ray Kennedy Wesley Aiken Larry Fields Donald Mahan and Donald Dyson. Mile swimming awards go to Wesley Aiken Dean Norris and Donald Dyson. Summer camp patches and beads will be given to all attendees. Bob Bone is scoutmaster. 3.01 at 869.73. Declining Big Board issues led 569 to 448 over advancers. Analysts note favorable data but rising rates dampen buying. Dow Jones Industrial Average down 0.01 to 22.95. Amex volume leader Syntex fell 1 percent to 89. Big Board index down 0.11 to 54.46. Newhall Land & Farming slipped to 8 percent, leading volume. Southern Co. down to 48 percent, US Tobacco down, Burlington Northern down, Greyhound up.
NY market report lists dozens of fund names and bond quotes with bid and asked prices. It includes fund families such as Adams, Anchor Group, Fidelity, Scudder, and Oppenheimer, plus specific fund and bond figures alongside daily and yearly comparisons.
Crystal City Texas selects Esequiel Guzman, a Crystal City native and Texas A&I University graduate, to replace resigning city manager Fernando Rodriguez effective Sept. 1. Guzman has been employed by a federal social services agency in Milwaukee Wisconsin and returns to school duties.
Charges of defrauding an innkeeper were filed Friday in Ector County Court against G. C. Beasley of Odessa and Gary Kelly of Amhurst. Beasley allegedly refused to pay $212.45 for charges at Desert Inn Motel on East 2nd Street, while Kelly allegedly refused $334.12 at Desert Inn.
A Downtown religious march is planned for 1 p.m. Saturday, starting at the old Odessa post office. John Adams and wife invite participants. the Coffeehouse, at 44th and Bryan, is led by them and meets Monday, Friday and Saturday at 7:30 p.m. The former Calvary Church building houses the coffeehouse, provided by Western Hills Baptist Church.
The Grandfalls 4-H Club will sponsor a Playday at 8:30 a.m. Saturday in the Grandfalls arena. Co chairmen John Tackett and Barbara Bowden lead the event with trophies for first and ribbons for 2nd to 10th place plus all around junior and senior winners. Classes include halter showmanship and performance events. entry is 3 dollars for the first event and 2 dollars for each additional event.
Economist Alan Shaw warns higher interest rates threaten a lasting rise in equity prices as borrowing costs restrain investors. Overseas gains lift Sterndent earnings. E F Hutton pegs 1973 per share near $1.20. Gesamex expands in Mexico. real estate investment trusts gain loan market share amid high commercial paper rates. Carrier Corp. growth pace and Rival Manufacturing Crock Pot praise round out notes on profits and 1973 outlook. Charles Schwab projects 4 a share for 1973 from 2.66 in 1972.
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