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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
May 23, 1983
Page
17
Selected stock prices from the New York and Newark exchanges list numerous firm names with bid and trade figures. Numbers show varied percentages and price points across many corporations and sectors as of Monday May 21.
Wall Street led by a weak Dow as the Dow Jones Industrial Average fell in the first hour and higher money supply figures raised fears of delayed rate cuts. IBM, Sears, and AT&T tumbled among blue chips while widespread losses hit NYSE issues amid Fed reports of a seven billion dollar rise in the money measure.
Beverly Hills sees renewed activity with for sale signs on Raquel Welch, Robert Wagner, Cher, and other celebs. Prices range from 1.15 million to 11.5 million for estates featuring maid's quarters, guest houses, gourmet kitchens, projection rooms, and park like grounds. Echoing market momentum, Elaine Young notes faster movement, while Aaron Spelling’s Holmby Hills purchase signals rising demand.
Big banks accuse smaller regional banks of fleeing international lending duties. They warn continued retreat may spark a worldwide financial crisis as global debt grows and lenders shrink. Phibro Solomon Brothers CFO George Vojta says broader lender participation is crucial.
A May 23 1983 UPI report compiles nationwide stock quotes for selected socks traded on the American Stock Exchange. The list features company names such as Circle K CrystalQ Crystal Q and Tex Air M6 among others with varied bid and ask figures, reflecting the era’s market activity and liquidity.
The municipal bond market will switch all new issues to registered form on July 1, replacing bearer bonds. The change aims to cut issuing and trading costs while preserving safety and merit. Experts say it will simplify ownership records, improve loss recovery, and follow the corporate and Treasury shifts toward registered securities.
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