Market takes breather after two weeks of gains
New York stocks eased after a fortnight of fireworks with the Dow down 1.33 to 710.58 at noon. The NYSE saw 6 losers to 5 gainers as investors paused for direction amid a quiet news morning. Occidental Petroleum rose 1.5 percent while Diebold fell on soft earnings and Brad Ragan jumped on Amex trade.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Occidental Petroleum
NYSE
American Stock Exchange
F.W. Woolworth
Barron's
Diebold
Brad Ragan
Amex
Saudi Arabia
Saudi Research and Development Corp
New York Stock Market Shows Wide Dividend Adjustments
A scanned financial page lists numerous corporations with varied dividend actions and stock movements. Major names like Texaco, ConEd, AT&T, Pfizer, Coca Cola, and General Electric appear amid exchange quotes and ex-dividend notes reflecting annual and special distributions.
American Stock Exchange Noon Prices Show Mixed Results
The American Stock Exchange posted noon quotes with notable activity across sectors. Companies including Giant, Safeway, and Shell Oil traded amid swings, while investors watched various industrials and utilities for early direction at the trading floor.
FTC Orders Change In A and P Advertising
Washington AP The FTC has ordered AXP to stop advertising goods at stated prices unless it can supply the advertised items. An administrative law judge ruled A&P violated federal trade laws by failing to have advertised goods or by pricing items above the ad. The decision is preliminary and subject to appeal or review. A&P operates about 3600 to 3700 stores in 36 states.
MENTIONED IN THIS ARTICLE
Washington
AXP
Federal Trade Commission
FTC
A&p
Daniel H. Hanscom
Great Atlantic & Pacific Tea Co., Inc
Commission
Kissinger Arrives as Israel Faces Sinai Standstill
Secretary of State Henry Kissinger lands in Jerusalem to press for a new Israeli Egyptian disengagement. Israel’s opposition blocs push for elections before any Sinai withdrawal while Prime Minister Rabin weighs terms, with Begin urging a vote if Kissinger seeks land swaps. Kissinger plans a 10 day visit to push talks, potentially renewing Geneva talks if stalemate persists. President Ford and top aides bid him farewell at Andrews in cold weather.
MENTIONED IN THIS ARTICLE
Barry Schweid
Associated Press
Jerusalem
Henry A. Kissinger
Israel
Frankfurt
Yitzhak Rabin
Sinai
Kissinger
Menahem Begin
Rabin
Gidi
Mitla
Abu Rudeis
Egypt
Middle East
Geneva
Helms Admits Withheld CIA Information About Chile Plot
Former CIA chief Richard Helms told Senate investigators he withheld information in 1973 about CIA work against Chile's Allende and acknowledged the Nixon administration wanted Allende overthrown. A censored version of his testimony was released, as the Rockefeller Commission readied further hearings with James Angleton and William Raborn Jr. Angleton, Raborn, and Helms linked past allegations of secret files on Americans.
MENTIONED IN THIS ARTICLE
Washington
CIA
Richard M. Helms
Senate
Chile
Nixon
Dor Allende
Helms
Senate Foreign Relations Committee
Rockefeller Commission
James J. Angleton
Adm
William F. Raborn Jr
Angleton
Raborn
Agency
Foreign Relations Committee
Foreign Relations Panel
Congressional
Iran
Allende
Paving the Way for Cars and Bicycles in Detroit
Henry Ford began as a Machinist's apprentice in Detroit as the League of American Wheelmen, an early bicycling group, pressed Congress to pave roads for bicycles and cars alike.
MENTIONED IN THIS ARTICLE
Henry Ford
Detroit
League of American Wheelmen
Congress
Food cost rise outpaces new stamp allowances
Agriculture Department findings show retail grocery costs up at least 3.8 percent above new food stamp allowances effective Jan 1. A four person family’s economy plan rose to 159.90 in December from 157.20 in November as the program expands. food stamp enrollment climbs to 17.1 million in December, up by 1.2 million from November, and federal spending is projected to exceed 4 billion this year, with possible rise to over 5 billion next year as Congress preserves the program against President Ford’s spending-cut push.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Department
Ford
Congress
Abc-Tv News
Officials defend Social Security policy in joint rebuttal
Five former Health, Education and Welfare secretaries and three former Social Security commissioners issued a comprehensive ten page rebuttal defending the program against critics. The statement attacks questions about financial stability and fairness raised by recent articles.
MENTIONED IN THIS ARTICLE
Washington
Elliot L Richardson
Robert Finch
Wilbur Cohen
John W. Gardner
Arthur Flemming
Robert M. Ball
William L. Mitchell
Charles I. Schottland
Congress
Nixon regrets not returning to public life say aide
Korff, head of the Nixon Justice Fund, cites Nixon's profound regrets over Watergate and his resignation on August 9. He notes Nixon is visibly annoyed by Colson's remarks and has no aspiration to become a GOP spokesman. The fund reports remaining legal and medical debts and a small payroll. Irving Lazar says Nixon received a $175,000 advance for an upcoming Watergate book and will level with the public on the scandal.
MENTIONED IN THIS ARTICLE
Korff
Nixon
Charles W. Colson
Colson
Henry A. Kissinger
Gerald Ford
Dr. Kissinger
National Security
Republican Party
Barry Goldwater
GOP
China
President Nixon Justice Fund
Justice Fund
California
Irving Lazar
Los Angeles Times
Lazar
Candidate backs broad tax plan and cigarette tax rise
The candidate argues for raising income taxes on upper brackets, boosting the cigarette tax, and closing corporate tax loopholes while eliminating sales tax benefits. He likens tax on food to air or water and cites Nixon as a reference for fiery leadership. He acknowledges political viability may be an issue.
Also Mentioned on This Page
Stock Market Report
Toddshipyd
Transam
Unirayal
UnitAirdit
lSpr
Curtisw
Bartingsob
Medendad Fae Gan
Daves
DePepor
Tb Monsantay
Dresser
Morton
Motorola
Usaurene
duPonts
Whitea
Om Whittaker
EastAirLin
Mabisco
Rss
Winecos
Izia
Natairl
Wabelaa
Big Tale Ovens
Minton
NatSiooe
EvansProd
Natlea
Aprocieled
Fairind
Bat —Exchange
Getty
Pascolne
GlobalMar
RennDix
Pfizer
Aircolnc
AMBAC
Hewlick
Ahess Job
Monychilad
Housekint
Raythen
FedResrees
al Elena
Idaho
MdealBasicl
Jon Logn
Adin
P— Fenkinw
OcciPet
Owenlltoo
Genalll
Ata
Rachels
ApocoCorp
Bat Armeona
Hy Beinsitzy
Bun Yo Bulawan
Carreas
Cartwall
CastiCk
CaterTrigo
Bet Ve Giant
Ceviani
Benne
Rolicind
ImpOil
Rovecol
InstrumSys
inDiv.aled
ITA
SR Bla
SiRegPid
Eo Kaneasvd
Sandrsassa
SanFelnt
SchergPlal
SCM Cp
LoowThewt
Scoaind
Ltvcorpwt
Ziad Ye ScottPap
Sceandh
Marshalind
Nowpark Rs
Signalco
Singerce
NorCdndils
SonyCp
Ozarka
Sonres
Permaner
Phoenix
Sperry R
Sundittr
Tektrony
Wilshro
Associated Presa
High Point Enterprise
High Ge Enterprise
Churen “Avenue
High Point
N.C
MAE Eapayicle
Dalty
mCarrier
Mail Subscription Inc
Whit
AP News
N.C. Ander
High Point Aii
Ceatrd
High Point Enterprise. Inc
WordGriffith Company
Wersonal Advertising
Jon E
Hanscom
Maly UK
Nelson A. Rockefeller
Andrews Air Force Base
Goodby
Richard M. Nixon
Pilot Life Insurance Company
David
Bishop Pilot Life
France
Co. P.O
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