Market slides as oil fears spark broad stock selloff
New York stock markets declined at noon as Arab oil concerns and inflation worries dominated trading. The Dow Jones industrial average fell 20.33 to 823.61 while the NYSE indexes edged lower, with declines outweighing advances by more than 5 to 2 amid recession fears and energy crisis impact on unemployment.
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New York
New York Stock Exchange
Monte Gordon
Dreyfus Corp
American Stock Exchange
Arelgsmo
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FrontierAir
HuskyQil
Kalsrin
Lafay Radio
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Medenca
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Resrisinia
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Associated
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New York Stock Exchange Index Report Summary
The noon trading snapshot shows the NYSE index with mixed results across sectors. Industrial, transportation and utility groups show varied movements while overall market mood remains cautious amid finance sector fluctuations.
MENTIONED IN THIS ARTICLE
Stock Index
New York
New York Stock Exchange
Gromyko Visits U S as Kissinger presses Syria talks
Soviet Foreign Minister Andrei Gromyko arrives for broad talks amid U S efforts to enlist Moscow in pressuring Syria toward a more cooperative stance for Israeli Egyptian disengagement. Officials target accelerating the European security conference and setting a SALT II opening date while Cuba policy remains unchanged.
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Barry Schweid
Associated Press
Washington (Ap
Soviet Union
Henry A. Kissinger
Israel
Egypt
Andrei A. Gromyko
Kissinger
Nixon
State Department
White House
Syria
Washington
Damascus
Gromyko
U.S
Havana
Solzhenitsyn says threats against family persist in USSR
In Moscow, Alexander Solzhenitsyn says state actions include threats to kill his wife and family by Soviet security police. He notes growing support from known and unknown persons and vows the truth will not be crushed despite attempts to silence him.
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Moscow
Alexander Solzhenitsyn
Heavy Snow Reported In Avery County NC
The Associated Press reports heavy snow fell in Avery County in the north western mountains with roads described as passable. A light snow was also reported in neighboring Yancey County as temperatures dipped below freezing across the state. North Carolina ski resorts began making snow and planned to open tomorrow for the first time in weeks. Overnight lows ranged from 26 at Laurel Springs to 42 in Wilmington.
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Associated Press
North Carolina Highway Patrol
Avery County
Yancey County
North Carolina
Laurel Springs
Seti
Wilmington
Blind student vanishes in subfreezing desert chill
Cheryl, a Bplus student at Anaheim High School, has been blind for two years with limited side vision. She wandered yesterday, found a rope in the snow, and hid under branches after failing to be seen by helicopters. She carved 8.0.5 in snow to signal searchers and feared missing English class on Monday.
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Sheriff's
Cheryl
Moriay
Anaheim High School
Nixon Urges Accelerated Nuclear Plant Construction
President Nixon called for speeding up safe nuclear power plant construction amid the energy crisis. The budget proposes 2.9 billion dollars for the Atomic Energy Commission’s civilian and military programs, with 67.8 million for regulatory activities to hasten licensing and oversight.
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Frank Carey
Washington (Ap
Atomic Energy Commission
AEC
Commission
Nixon seeks record defense and energy spending boosts
President Nixon proposed a 6.3 billion dollar rise in defense outlays and a 1.5 billion dollar energy research package as part of a five year 10 billion plan. The defense increases cover higher fuel costs and social obligations while pushing readiness and modern weapons like the Trident submarine and B1 bomber.
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Nixon
Bus Bomb Kill 11 in Batley Battlefield Rescue
A bomb exploded in the rear of a bus near Batley, England, killing 11 including two children and a woman and wounding 14. The passengers were service personnel and their families returning to Catterick base from Manchester. Suspected Irish terrorists linked to recent British bombings were blamed. The blast occurred at 12 20 a m as the bus neared Batley, with wreckage scattered and three other buses checked.
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Batley
England
Britain
Air Force
Catterick
Yorkshire
Wilson enters race for U.S. Senate in North Carolina
Democrat Henry Hall Wilson of Monroe paid a 425 filing fee in Raleigh to enter the race for the U.S. Senate seat vacated by Sam Ervin. He will face Attorney General Robert Morgan and two others in the Democratic primary on May 7. Wilson cited name identification as his principal challenge and noted polling advice on his statewide tour.
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Robert B. Cullen
Associated Press
Raleigh, N.C
Henry Hall Wilson
Monroe
U.S. Senate
Sam Ervin
N.C
Wilson
Atty
Robert Morgan
Alex Brock
Morgan
Washington, D.C
Park Police Find Woman and Four Children Safe
A Gastonia woman and four children aged 4 to 12 were found safe in Kings Mountain Battleground Park after an all night search. They were taken to the park museum for evaluation. They had been reported missing by Mrs Costner’s husband after getting separated on a hiking trail during rain. The park closes at sundown and temperatures dropped to the low 30s.
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N.C
Gastonia
Kings Mountain Battleground
Park Mauseum
Park
Ben Moomaw
James
Lynn Costner
Mrs. Costner
Dallas
Moomaw
Nixon falls to 26 percent in latest Gallup poll
Nixon’s approval dips to 26 percent in a Gallup poll taken Jan 18 to 21, down from a peak of 68 percent a year earlier. The survey shows regional gaps with 34 percent approval in the South and 21 percent in the Far West, while Republicans back him 53 percent. A separate Roper poll found 62 percent favored resignation or impeachment.
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N.J
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White House
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East
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