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Odessa American in Odessa, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 17, 1979

Page

7

Wall Street Advances Amid Broad Market Report

Selected stocks across the New York Stock Exchange show varied gains with many major names like Citicorp, Coca Cola, Exxon, Ford, General Electric, and IBM listed. The report notes prices, last trades, and percentage changes amid a fluid trading day with dividends and market indicators explained in footnotes.

New York UPI American Stock Exchange

Maverick forecasts on prime rate reach double digits in 1970s

The piece recalls a 1960s to 1970s debate over a double digit prime rate, noting the 12 percent peak in 1974 and the link between high lending costs and a deep recession. It explains how Fed actions raise money costs to slow growth and stabilize the economy, with forecasters speculating as high as 15 percent.

New York United States Federal Reserve Federal Reserve Board Federal Funds Fed

Prices Open Lower As Fed Hikes Discount Rate To 10.5

New York stocks opened lower as the Dow slipped to 883.44 after a half hour of trading. The market faced wide declines with 320 issues down and 156 up on the NYSE, amid heavy turnover of about 1.38 million shares and analysts weighing the Fed’s 10.5 percent discount rate rise and inflation concerns.

NEW York UPI New York Stock Exchange Dow Jones Dow Federal Reserve Fed Henader Paul Volcker Carter

Court asked to issue order in Garfield Heights case

Washington AP reports the Justice Department asks courts to compel Garfield Heights Ohio school board to recruit and hire black teachers to remedy alleged past hiring discrimination.

Washington Justice Department Garfield Heights Ohio

Also Mentioned on This Page

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