Energy crisis weighs on New York stock market
New York stocks fell sharply as investors priced in energy shortages amid the Arab oil cutoffs. The noon Dow Jones average slipped 19.55 to 919.10, with General Motors down after an ex dividend, while Cinerama led American Exchange activity at 148.
MENTIONED IN THIS ARTICLE
New York
General Motors
Wall Street
Larry Wachtel
Bache & Co
American Stock Exchange
Cinerama
Amex
Sperry R
StBrand
F& A
Ava
Wai
CocaCol
Colg Pal
Wasser Tektranx
Isva
Levitz Furn
Telex Cp
CoiGas
LibbMcNi
Teanco
Tesoro
Texacolzé
LockhdAire
Bea
Textron
Lagissilde
LTV Corp
Thriftyd
Vie
Bat Va Timka
Abi
LVO Corp Wa & oMs
Ava Stat
ConlTel
Rae Transam
la Magnyvox
Ye Ual Inc
CrownCork
Marcar
Trat
Macinaal
Tavaley UN Elect
Bala
Ava Ae Ve
Marek
My UnjiCo
Detta Air
Auirodot
Dennys
Ind
US Steel
Sale Mobile
DillonCoib
Wiebe Va Univeil
Disney W
Vojoha
India
Varian
Motorala
Echlin
el PasonGl
Isda
NalFuell
Iha
WestgEl
Va Wits
Emerel
Abia
Va Weyern
Féa
Fada
Atv York
Esmark
Dla
Evans
I Exxona
Jamsco
Ryley
Winnebago
Va Addisso
Fairlad
Niamp
Walwit
Admiral
Fanstel
Norfikwa
Norris
Airco
Associated Press
Firestone
FilCharst
Valléva
O's
Northrop
Ste
Ya Adigbud
Anacht
Adie Flintktel
Norton
Va Nor Sim
DMC
Alcoa
FdFair
Hess
AmAirlin
AmCan
Java
Gannett
BansirCil
GriMsal
Salz
Getty
Bate Gillettet
Pennzoil
Dixilyn Cor
Bae
Bt Va ArmstCk
Essex Chern
Gracel
AftiasCorp
Wu Frontier Air
Grumman
Husky Oil
Imp
Bell How
Instrum
Halburt
Ae Pullin
Bernstl
Hercules
Questor
Ralstan P
Slam Ty Ranco
Boise Cas
Bo Ma Hoern
Lalay Radio
Arshat
Ie Revion
Bulovan
Viva Isva
Reyind
Il — ReynMet
Idaho
Roanstade
Burlindi
Burl Nori
RydrSys
Ee Camar Sa
Sat
CaroPwléo
Atu Cenmsovv
LetekCorp Scqaind
Certiead Sa
Scurry Rain
Jewel
Statham Ins
Cessna
E JanManl
BO Ze
Searleg
Ala— Ag Syntex
KaisAlm
Sinnal
Kangbinsz
SonyCp
Karyind
Vikoa Inc
Kellagg
VLN Corp
Kennecom
South Col
Kerr
Dividend footnotes and share status explained
Salas figures shown are unofficial and dividends percentages reflect annual disbursements per last quarterly or semi annual declaration. Footnotes designate special, liquidating, stock, or accrued dividends and other conditions such as ex dividend and warrants.
MENTIONED IN THIS ARTICLE
Salas
High Point Enterprise Home Delivery Rates
The High Point Enterprise lists subscription options including May Baily and Sunday, Sunday only, and by carrier weekly or monthly rates. It notes NC mail tax, AP rights, and carrier independent contractor status with contact for home delivery rates.
MENTIONED IN THIS ARTICLE
High Point Enterprise
High Point Enterprise, Inc
Church Avenue
High Point
N.C
Associated Press
Ward-Griffith Company
National Advertising
Cei
New York Stock Index at Noon Gains and Losses
The noon ticker shows mixed moves across sectors on the New York Stock Exchange. Industrial and transportation indices slip while utilities and finance edge higher. overall composite levels trend downward with modest changes in several major components.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange Index
Industrial Ceater Transportation
Implementation Problems Remain Energy Self Sufficient by 1980
AP News Analysis by William Stockton notes most basic research for President Nixon's Project Independence is done but faces environmental and economic hurdles. Scientists say ideas exist to reach energy self sufficiency by 1980 and that coal conversion technology is central to achieving the goal.
MENTIONED IN THIS ARTICLE
William Stockton
Washington (Ap
Nixon
U.S
Vrsity
Atomic Energy Commission
West
William McCormick
White House
Office of Energy Policy
Watergate tapes and energy policy dominate briefing
The report covers Watergate developments with Miss Woods and Haldeman testimony, the AFL-CIO impeachment push, and discussions of Nixon-Cox tensions. It transitions to energy policy doubts on coal and nuclear futures, featuring quotes from NSF and Dartmouth experts on costs, environmental impacts, and licensing accelerations under President Nixon.
MENTIONED IN THIS ARTICLE
Miss Woods
Richard Ben-Veniste
Watergate Special Prosecution Force
Sirica
White House
Nixon
John N. Mitchell
Nixon-Dean
Dean
Secret Service
H.R. Haldeman
Afl-Cio
Congress
Cox
Benjamin Fernandez
Senate Watergate Committee
Miami
John Priestes
Udall Criticizes Energy Shortage Forecasts and Urges Quick Action
Udall contends that optimism about technology will prevent disaster and rebuts Nixon's prediction of a winter oil shortfall. He warns the deficit could reach 2.5 million barrels per day, or 10 to 17 percent of demand, and calls for immediate rationing and taxes to cut consumption. He proposes limits on commerce, car pooling, a temporary energy surcharge, a ban on neon ads, and eliminating unneeded advertising before pumps run dry.
MENTIONED IN THIS ARTICLE
Udall
Nixon
Europe Braces for Oil Crunch Across West Europe
West European governments move to conserve oil amid looming Arab cuts. Belgium leads with broad restrictions, West Germany acts similarly, Scandinavia enacts milder curbs, France cites pro Arab ties. Algeria exempts France from a 25 percent export cut. Britain plans secret contingency measures as fuel supplies tighten and airlines consider pooling services.
MENTIONED IN THIS ARTICLE
Julie Flint
Associated Press
London
Nixon
Belgium
European Economic Community
France
Algeria
U.S
Europe
Britain
Death Given In Charlotte Slaying
Anthony Douglas Carey, 20, sentenced to death in Mecklenburg County for first degree murder in the shotgun slaying of service station attendant James Sloop during an attempted robbery on June 19. Carey was found guilty Thursday in Superior Court.
MENTIONED IN THIS ARTICLE
Charlotte
Anthony Douglas Carey
Carey
Mecklenburg County Superior Court
James Sloop
World’s Biggest Energy User Must Cut Demands
The energy crisis prompts nationwide voluntary cuts led by President Nixon. Citizens and officials reduce highway gas use and indoor heating, with thermostats lowered across states, utilities curtailing service, and major retailers trimming lighting and display displays.
MENTIONED IN THIS ARTICLE
Mike Duffy
Associated Press
Nixon
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Martinez
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Ralph J. Perk
Oklahoma
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Washington Gas Light Co
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