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Newspaper
Danville Register
Location
Danville, Virginia, United States of America
Date
Nov 21, 1973
Page
4
Tokyo reports governments and major industries choose a 10 percent fuel-use cut to curb oil demand. Japan presses voluntary limits on steel auto and heavy industry to shield growth, as shortages spark fears of zero expansion.
Energy worries drove U S stock markets lower for a second straight day with the Dow falling to 844.90 and the NYSE index at 52.60. Heavy volume, institutional selling, and spread of fuel shortage measures in Asia and the Middle East marked the trading day as governments consider oil supply disruption and policy shifts.
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