04 Dec 1971
Page 1
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Newspaper
Greeley Daily Tribune
Location
Greeley, Colorado, United States of America
Date
Dec 04, 1971
Page
1
A garbled excerpt shows scattered stock figures and dates, including minor references to closing prices, bonds, and city notes. Names and precise values are obscured, but the fragment hints at a daily market wrap with reporters noting price shifts and notable securities.
Two Denver women Miss Guilfvile aged 29 and Miss Miner aged 20 face U S District Court arraignment after being ordered detained by a Denver magistrate on trespassing charges at the U S Air Force Academy on November 14 They participated in a silent witness protest against the Vietnam War at the academy They had previously been barred from the academy since May Their arraignment date will be set by the U S attorney in Denver If convicted they face up to 800 dollars in fines and six months in prison
The Senate Appropriations Committee approved administration requests for 19 million dollars in additional funds for water resource projects including Libby Dam and Bonneville unit. The measure, part of a supplemental appropriation for the current fiscal year, adds to House allowances and reflects direct administration submissions after House hearings.
Mike Marion received the R. M. designation from the Governing Council of the American Institute of Real Estate Appraisers at its Miami Beach meeting on November 15 1971. He earned the designation in 1968 and met experience and exam requirements while serving as an appraiser in Wheeler Realty Company and as a licensed broker and salesman. He is a former president of the Greeley Board of Realtors and member of Colorado and National associations. he and his wife Julie live in Greeley with four children.
President Nixon plans to turn rising local taxes into a major national issue ahead of the 1972 campaign. Aimed at property tax relief, aides say a broad proposal would share federal revenue to curb burdens on homeowners, especially seniors in middle class suburbs. The plan centers on cutting property taxes and addressing the taxpayer strain highlighted by a voter letter presented at a White House conference.
Stock prices surged on Friday marking the sixth consecutive session of gains. The Dow Jones Industrial Average climbed 10.80 to 9859.50 as New York Stock Exchange volume totaled 16.76 million shares. The day saw 1039 advances to 419 declines among 1704 issues with 51 new yearly highs and 10 new lows, while the Amex index rose 8 to 2460 amid mixed results across chemicals electronics and mail order retailers.
New auto price increases were approved by the Price Commission under Phase 2 of Nixon's program, with Word Motor Co and GM allowed hikes. Major firms like International Harvester and International Paper announced increases while Old Ben Coal Co faced limits on passing labor costs to consumers. The Senate extended economic controls to April 30, 1973, with retroactive wage payment approval pending House action. The stock market rose as optimism over international monetary talks grew, with the Dow up notably over the week. East and Gulf Coast workers returned to jobs under court orders, while railroads sought emergency freight rate increases to cover costs and wages.
Automakers reply to a July FTC order by filing dense leaflets of charts diagrams and jargon detailing advertising claims Ford Chrysler American Motors General Motors and Volkswagen present tests on noise levels roominess unibody rigidity exterior color options and other features to support claims in a series of published notebooks and tests for consumer evaluation
International monetary authority Charles 2 Stahl, speaking at the Northwest Mining Association, predicts higher gold and silver prices with a possible drop in gold when traded on U S exchanges. He forecasts silver near 2 80 to 3 by 1973 and gold possibly reaching 190 per ounce later in the decade, urging stricter oversight of commodity exchanges.
Bonn reports show West German daily and Sunday papers total circulation with sixteen firms producing about forty percent of all copies sold under new legislation. The author notes independent agencies may oversee producers as reform proposals gain traction.
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