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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 06, 1983
Page
22
A wedge-shaped cutterhead diamond used to cut signal elements on a copper master disc is shown on an ant at magnifications of 50, 100, and 200 times. The diamond is mounted in a piezoelectric transducer and the photos were taken with a scanning electron microscope in Princeton New Jersey.
The dollar resumed a record climb against the French franc and Italian lira amid Fed policy worries and credit-tightening speculation. Pound rebounds in London after crude oil price cut rumors, while gold falls to about 408.75 per ounce as other currencies advance.
Prices opened higher on the New York Stock Exchange as the Dow Jones Industrial Average rose 1.60 points to around 1,215.74 after the market opened. Advances outnumbered declines 577 to 429 among 1,415 issues, with economists noting a cautious reaction to Friday’s Fed report showing a $400 million drop in the money supply following a $15 billion surge in the prior four weeks. Federal funds rates have edged up in recent days, suggesting some analysts fear ongoing money-supply growth may force tighter credit if it continues.
Chicago Sun Times outlines Dean Foods Co. ranking as the second best total return stock over a decade, driven by a 3 for 2 stock split, a higher dividend, and a focus on core dairy products. It details CEO Howard Dean and chairman Kenneth J. Douglas on long term planning, cash acquisitions, modest salaries, and profit-sharing incentives.
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