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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 29, 1983
Page
21
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The Agriculture Department reports corn farmers received about 5.37 billion dollars of free grain under the 1983 payment in kind program, comprising 57 percent of total PIK value. Total CCC PIK costs exceed 9.4 billion, with other commodities totaling 2.18 billion in wheat, 996 million in cotton, 521 million in grain sorghum, and 336 million in rice.
DiaSam 1% 12 747 22a notes mixed prices across major issues. The Long Island, Disney, Exxon, and Merck quotes appear among the array of securities on the New York Stock Exchange with Dow Jones components and various industry leaders showing modest shifts as traders await clearer guidance.
Mutuals missing because of computer problems. The fund reports are unavailable today and are expected to be ready Friday.
The dollar drifted lower on lackluster forex trading while gold held steady in narrow ranges. Traders noted a typical end-of-year calm with limited activity, as London fixed a mid-morning gold price near 379 dollars an ounce and Hong Kong bid 381.28. Silver stood at 8.77 dollars in London.
Prices opened higher on Thursday on the New York Stock Exchange as the Dow rose to 1266.35 after opening. Investors were encouraged by the Commerce Department reports showing a 0.4 percent drop in the leading indicators for November, offset by a 0.9 percent rise in the coincident indicators, signaling a modest slowdown after recent gains and easing rate pressures. Last week, the market had rallied on strong fourth quarter GDP signals of 4.5 percent.
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