France Cuts Oil Imports To Fight Soaring Prices
France takes a leading role in curbing oil imports to blunt record energy costs, as President Giscard d Estaing sets a 10 percent cut for next year and imposes heating limits while seeking to boost coal and conserve energy. The move comes amid global pressure from Ford and oil producers for price relief.
MENTIONED IN THIS ARTICLE
France
Ford
New York
Saudi Arabia
U.N
Jamil Baroody
Paris
Valery Giscard d
Giscard d’Estaing
United States
Banks Ease Money Crunch With Lower Rates and 48 Month Auto Financing
Major U S banks cut loan rates slightly to ease the money squeeze. Morgan Guaranty Trust lowered prime rate to 11 percent from 12. First National City Bank offered 48 month financing on auto loans of 4000 dollars or more, with 11.40 percent interest versus 13.38 percent for 36 months.
MENTIONED IN THIS ARTICLE
U.S
New York
First National City
Morgan Guaranty Trust Co
Western Bank of Commerce
Los Angeles
Federal Reserve Board
White House
Fed
Reserve Board
Arthur F. Burns
Washington
United States
Burns
Gaylord Freeman
First National Bank of Chicago
Chittenden Lowers Prime Interest Rate
Chittenden Trust Co of Burlington will cut its prime rate following Morgan Guaranty and Chase Manhattan moves. Hilton Wick, president, cautioned against predicting a sustained downward trend while Fed actions and market expectations ripple through banks and stocks. The Dow slid 4.15 points to 649.95 as oil and trade concerns tempered gains.
MENTIONED IN THIS ARTICLE
Burlington
UPI
Chittenden Trust Co
New York City
Morgan Guaranty
Chase Manhattan
Hilton Wick
Chitenden Trust
Vermont
Wall Street
New York Stock Exchange
Senate Democrats oppose Flanigan as envoy to Spain
Senate Democrats urge President Ford to withdraw Peter M. Flanigan's nomination as ambassador to Spain citing close ties to Watergate. Senator Eagleton calls the move a cruel hoax and an affront, while Senator Byrd labels Flanigan unsuitable. Republican Leader Scott defends Flanigan as a capable candidate.
MENTIONED IN THIS ARTICLE
Senate Democrats
Flanigan
Spain
Washington
UPI
Ford
Peter M. Flanigan
Thomas F. Eagleton
Dmo
Senate
Robert C. Byrd
Hugh Scott
Richard M. Nixon
Tommy
Eagleton
Scott
Mr. Flanigan
Frost Damage Clouds Prospects for Farmers and Food
Experts differ on how severe the frost harmed crops. Beans are black, corn is white, and prospects look bleak for farmers and consumers as frost follows a summer drought and spring floods, impacting the agricultural economy.
MENTIONED IN THIS ARTICLE
United Press International
Indiana
Otis Bowen
Ex convict charged in tot s kidnapping case
Cincinnati police charged ex convict Frank Joseph Wiechman with kidnapping the 4 year old daughter of Taft Broadcasting board chairman for 128000 dollars in ransom. A man and a woman are believed to have aided the abduction. The child was found unharmed in a suburban motel. The FBI assisted and waived jurisdiction to Ohio authorities.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI
Taft Broadcasting Co
Charles S. Mechem Jr
Mt. Lookout
Frank Joseph Wiechman
Florida
Allison
James Daley
Joseph Start
Wiechman
James
Mechem
FBI
Ohio
Also Mentioned on This Page
Canberra
Australia
Iran
Shah
America
Westinghouses
General Motors
General Electrics
National Press Club
Jean Sauvagnargues
Charles R. Percy
R-Il
U.N. General Assembly
Japan
Europe
India
Pakistan
Afghanistan
Bruce
Rumsfeld
NATO
David Bruce
Brussels
Great Britain
U.S. Leason
Peking
Donald Rumsfeld
George Bush
Republican National Committee
Richard A. Hughes
Chittenden
Wick
Herbert W. Kalmbach
Nixon
House
Ruth Farkas
Costa Rica
Kalmbach
Tot
Canning Company
Minnesota
Foster
Armour Star Franks
Ifford & Gage
S-M-L
JRS
Grant
Dude
Pants
Monument Plaza
Bennington, Vermont
Master Charge
Bank Americard
Wgolens
Inorth & Adams
Bennington
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