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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 07, 1983
Page
22
U P report lists NYSE stocks and prices for March 7 1983 with broad index movements and column notes. Intermittent quotes include Alcoa AMR Motors and many major corporations amid mixed activity on the floor and accompanying market commentary.
American Exchange in New York reports nationwide composite prices for listed stocks. The broadcast notes ongoing market activity and daily figures across multiple sectors, reflecting trading shifts and investor sentiment during the session.
Economists warn double digit inflation and stagnation could return in two to three years despite signs of recovery. The monetarist Shadow Committee urges the Fed to slow money supply growth and curb federal spending while opposing protectionist trade limits.
The second transit strike in a week prompts 85,000 more commuters to seek alternatives as Metro-North trainmen walk out at 2 30 a.m. after a strike deadline expires. Bus service, car pools, and PATH support New Jersey and Connecticut riders while talks resume on crew size and safety concerns amid Conrail line takeovers.
Mitchell Energy & Development Corp. announces a FY ending Jan 31 capital budget of 300 million. George P. Mitchell notes allocations of 204 million for energy additions, 90 million for real estate, and 6 million for corporate needs.
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