Market Gains Lifted by Fed Data Amid News of Slower Money Supply
New York stocks rose modestly as investors weighed a smaller money supply gain reported by the Federal Reserve. The Dow added 2.74 to 794.43 while NYSE volume favored gainers led by Northwest Airlines. Bank rates held steady, easing speculation of further tightening. Hewlett Packard sagged after earnings and the NYSE composite rose 0.16 to 44.38 with mixed notable moves across major issues.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Federal Reserve
Fed
Northwest Airlines
American Stock Exchange
New York
First National City Bank
New York City
Hewlett-Packard
NYSE
Dividend footnotes for J American Exchange figures
Unofficial sales figures and dividend rates noted. Footnotes explain terms such as annual disbursements, regular vs extra dividends, stock dividends, liquidating distributions, and various designators like ex-dividend ex-distribution and warrants. The table reflects declarations within the preceding 12 months and year events including stock splits and accumulative issues.
Over-The-Counter Bid-Asked Quotes from NASD Update
The Associated Quotations from the National Association of Securities Dealers serve as representative interdealer prices as of about 3 p.m. yesterday. They exclude retail markups, markdowns, or commissions.
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National Association of Securities Dealers
North Carolina taps McBurney as deputy revenue secretary
Revenue Secretary J. Howard Coble announced the appointment of Robert McBurney, a former North Carolina State University faculty member and CPA, as deputy secretary of the North Carolina Department of Revenue. The effective date is Monday with McBurney joining to oversee tax administration.
Direct Trade Ban Unchanged By Ruling
Washington AP report states the 14 year ban on direct U.S. trade with Cuba remains, as the State Department allows foreign subsidiaries of American companies to resume sales to Cuba. The move, tied to a hemispheric shift, drew mixed reactions from Cuban exiles, critics, and supporters in Congress.
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Washington
U.S
Cuba
State Department
United States
Havana
White House
Ron Nessen
Ford
Nelsen
Miami
Juanita Castro
Fidel Castro
Free World
Sen
George McGovern
D-S.d
McGovern
Rep
Jonathanb. Bingham
D-N.y
House
Poultry Prices Seen Rising Through Early Autumn
Washington AP reports the Agriculture Department Outlook and Situation Board estimates continued increases in prices and production for poultry eggs turkeys and broilers into early autumn. Broiler and turkey profitability return as prices hover near last year while higher grain costs trim margins.
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Washington
Agriculture Department
the Outlook and Situation Board
Turkey
Broiler
Seven Cent Gasoline Rise Possible
Gulf Oil Corp. says gasoline prices could rise as much as seven cents a gallon with end of federal crude oil price controls. The firm will delay increases to customers as long as possible and urges responsible action to regain public trust.
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Pittsburgh
Gulf Oil Corp
Gulf
James Lee
Ford
Lee
Congress
Goncalves Not Found Taking Refuge In Lisbon Base
Lisbon AP report says Goncalves did not take refuge at Alfeite naval base across the Tagus. Unconfirmed reports claim moderate Communist leaders planned action against him. Government denied the refuge claim while opposition sources warned of possible showdown within hours as military leaders debate a new ruling trio.
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Lisbon
Portugal
Vasco Goncalves
Jorge
Jesuino
Goricalves
Alfeite
Tagus River
Kissinger Kicks Off Mideast Peace Shuttle in Jerusalem
Secretary of State Kissinger began his Mideast peace mission with nearly five hours of talks in Jerusalem reporting progress. He planned to fly to Alexandria for talks with Sadat, then return to Jerusalem and meet Damascus before continuing. Israeli Foreign Minister Allen said some points clarified boosted hope, while demonstrators clashed nearby. Syria and Jordan formed a joint command to influence war and peace decisions, coordinating policy under a new alliance linked to Assad and Hussein. The talks focus on a step by step approach tied to Sinai disengagement and broader border arrangements.
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Associated Press
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Henry A. Kissinger
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Allen
Mee
Sinaite
Tel Aviv
Syria
Jordan
U.S
Israel
Hafez Assad
Assad
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Hussein
Cairo
Sinai
Golan Heights
West Bank
Jordan River
City workers strike settlement sets new pay scale in 1975
On July 1 1975 wages stay at current levels until Oct 15 and then rise 213.05 percent for the remainder of the fiscal year. Alioto says the settlement costs the city 9.6 million dollars, 2.6 million more than the original offer, offset by savings from the strike and other measures. Pay ranges listed from 16 044 for rookies to 25 944 for captains as City Atty OConnor notes mayoral power under the city charter.
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