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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jul 05, 1973
Page
1
Odessa five banks report total deposits of 162,926,881, up 19,402,767 from a year earlier, beating the previous 160,652,465 record. Bank leaders like Hutcheson, Henry, and Perry credit a robust local economy despite concerns about higher interest rates and inflation impact.
Mountain area shows continued strong business growth per new reports. Kenneth Jumper of National Bank of Odessa notes overall good business yet warns money is extremely tight and loan curtailment may follow. Latest condition reports cover period ending June 30 with deposits totaling 160,038,495 and banks also reporting further data.
An Argentine airliner with 26 aboard landed safely in Havana after stops in Argentina, Chile, Peru, and Panama. The aircraft refueled in Mendoza and Santiago, with passengers released in Santiago and Lima. Reports on hijacker count varied, and a faction of the People's Revolutionary Army claimed involvement. Additional notes detail bank deposit changes and regional financial movements.
First National Bank reported deposits of 54,044,676, up from 51,911,329 a year earlier, with a 12 month loan and discount increase of 2,133,347 to 30,759,118. American Bank led 12 month loan gains with 6,241,488 to 27,336,229, while Permian Bank rose to 6,509,954 in loans and deposits. National Bank of Odessa, First State Bank, and others posted quarterly gains as well.
Special Prosecutor Archibald Cox refused to speculate on who might be indicted by the grand jury probing Watergate. He warned against leaks and said any staff breaches would be punished. The CBS report claimed four former Nixon aides faced conspiracy counts and noted the investigation was about 45 percent complete.
Maurice Bailey and Marilyn Bailey sold their Derby home, bought a 31-foot sloop, and set sail for New Zealand. After their sloop Aurelyn sank off Ecuador, they drifted 1,300 miles and survived 117 days on a raft aboard the Wolmi, a South Korean fishing boat, with medical care aboard. They are expected to dock at Pusan next month.
Forecasters describe a carbon copy outlook with clear to partly cloudy skies and highs in the mid to upper 90s through Friday. Midland region notes humidity will stay high, hindering evaporative AC. Winds 5 to 15 mph from the south. tonight’s low near 70. scattered storms and hail affect south Texas and the Panhandle with a weak cool front stalling near Dalhart to Amarillo.
Sen Edward Kennedy praised Governor George Wallace at a Fourth of July event in Decatur Alabama and urged Southerners to revive the "torch of freedom." The pair sparked questions about a Kennedy Wallace ticket though both dismissed the idea, while Strauss attended and Kennedy leveled sharp criticisms of the Nixon administration as radical and undemocratic.
Nixon described as the nation’s real radical wanting to change everything. Kennedy avoided naming Watergate but Strauss tied it to a broader list of scandals he blamed on the Nixon administration. Wallace, wounded last year, received the Audie Murphy Award at Decatur Spirit of America Festival rally. Kennedy praised Wallace for his belief in free speech and the true spirit of America.
By the Associated Press traffic accidents across the nation claimed 191 lives during the Fourth of July period. The National Safety Council had estimated 180 to 240 deaths on streets and highways between Tuesday evening and Wednesday midnight local time. The last Fourth fell on a Wednesday was in 1962, when 146 deaths occurred.
Prince Norodom Sihanouk, exiled Cambodian head of state, rejects any talks to end the war as Henry Kissinger visits Peking. Sihanouk vows continued armed struggle, predicts no compromise, and says no talks with Kissinger. Premier Chou En-lai and Penn Nouth welcome him, with international diplomats present.
Washington notes energy shortages shaping policy for 1974 onward. Officials discuss mandatory petroleum allocation to ensure supply for farmers and essential uses, while President Nixon urges conservation and reduced consumption. Lawmakers warn of rising fuel costs and political fallout without swift action.
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