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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 11, 1983
Page
3
Retail sales rose 2.1 percent in May led by autos and the largest gain in six years for general merchandise stores. The Commerce Department noted gains across most categories, with cautious forecasts amid rising interest rates. Officials cited improving economy and upcoming tax cuts as signs of a robust recovery.
Hundreds of laid off workers queued at the bankrupt Mesta Machine Co to receive about 510000 in final pay, frozen by Mellon Bank since February. U S Bankruptcy Judge Gibson allowed release after union pressure. Workers described the moment as sad yet hopeful amid the plant's closure near Pittsburgh.
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