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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Apr 17, 1974
Page
19
Northeast Bankcorp declares a quarterly dividend of 45 cents per share on its capital stock payable May 1 to holders of record April 26. The announcement comes as Union Trust 45 cents per share appears in the record.
Kuwait finance minister Abdel Rahman Atiki told the Arab Fund conference that oil producers should fix prices and fund loans to developing countries. He and fund president Saeb Jaroudi said long term loans and increased trade could help cope with oil price shocks while criticizing Western limits on wealth.
Argentina agriculture experts forecast a record corn harvest of 10.2 million tons for 1974, up from 9.3 million tons yielded in 1973 according to the Agriculture Ministry.
Washington AP reports President Nixon planned to name energy chief William E. Simon as secretary of the treasury and Simon's deputy John C. Sawhill to lead the energy department. Sawhill had risen from OMB role to FEO and drew public attention for outspoken remarks during the energy crisis.
The White House offered little forward motion on new posts after Shultz said he would resign in May. A White House source cited the president's Easter vacation and predicted a return the next day. Sawhill described the delay as a timing issue and hinted a new FEO top job and an FEC administrator may be pending.
Authorities in Chajari 240 miles north have imposed a one time tax of 230 pesos per television antenna. The move affects all homes with receivers in the town. The levy is to be collected by local officials and applied to public purposes.
Commerce officials disclosed a case of a neutron generator from a Colorado Springs firm diverted from a non existent Turkish university through Vienna and London to Moscow. They said 12 to 15 such illegal shipments occur annually, with many cases likely undetected, as prohibitions on strategic items to the Soviet Union are eased only by exceptions.
Dolan described how Kaman Sciences Corp of Colorado Springs supplied the generator and remained an innocent party to the transaction. The firm was never paid the $9,500 value, a fact Dolan cited as a key reason the deal was discovered.
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