Stock Market Dip as Energy Concerns Weigh on Trade
New York prices slid after a brief rally attempt as energy concerns dampened activity. The Dow fell to 862.71 at noon, with decliners outpacing gainers 3 to 1 on the NYSE, while the composite and the American Exchange indexes also dropped. Analyst Monte Gordon noted the market is seeking a bottom amid selective bargain hunting and weak patterns.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Stock Exchange
Monte Gordon
Dreyfus Corp
New York Exchange U S Stocks Dividend Notations
Unofficial sales figures and payout rates are noted with footnotes listing special dividends stock splits and other conditions. The table covers annual disbursements and includes annotations such as ex dividend ex rights and related terms for varied issues and corporate actions.
Defenders of the free press push back on Nixon threats
Washington AP Rep Torbert H Macdonald chairman of the House communications subcommittee called the press defenders of the free press saying Congress stands between broadcasters and government heavy hands He warned News networks should report accurately and fairly and urged reporters to call it as they see it He acknowledged White House attacks may continue and criticized television for exaggeration and violence in programming.
MENTIONED IN THIS ARTICLE
Macdonald
White House
Nixon
Removal rationing to curb gasoline use proposed by auto industry
Cole indicated auto industry seeks to roll back clean air laws by removing emission control devices and altering ignition and carburation on 1970 to 1974 models. The plan targets about five billion gallons, seven percent of 69.2 billion gallons used in 1971 by US passenger cars, with 10 million cars sold annually.
MENTIONED IN THIS ARTICLE
Cole
Washington
Public Works Committee
Motor Vehicle Manufacturers Association
RFK's Daughter to Wed David Lee Townsend
Kathleen Kennedy 22 and David Lee Townsend 25 will marry at Holy Trinity Church Saturday. A reception will follow at the Kennedy family home in McLean Virginia.
MENTIONED IN THIS ARTICLE
Washington
Robert F. Kennedy
Kathleen Kennedy
David Lee Townsend
Holy Trinity Church
Kennedy
McLean
Senate rejects gas rationing amendment in energy bill
The Senate refused to force President Nixon to order gas rationing by January 15. The 48 to 40 defeat came as debates over energy policy continued. Senator Floyd Haskell urged inevitability of rationing while Senator Paul Fannin argued it was premature. The bill would grant Nixon authority for rationing as a last resort and faced further discussion after an antibusing amendment by Senator Jesse Helms sparked a delay.
MENTIONED IN THIS ARTICLE
David C. Martin
Associated Press
Washington
Senate
Nixon
Floyd K. Haskell
D-Colo
Paul J. Fannin
R-Ariz
White House
Jesse A. Helms
R-N.c
Nixon Energy Bill Moves Amid Senate Delays
Democrats caucused about the energy allocation bill to control fuel distribution and plan voluntary cutbacks. Senator Jackson said the measure could curb oil use by 25 percent with rationing and converting plants to coal, while President Nixon campaigns for disclosure in Watergate.
Nixon faces pressure on Watergate tapes and public appearances
The White House resists turning over subpoenaed tape recordings as special prosecutor Danforth prepares access to Nixon aides material. Senator Percy cites Haig remarks about germane documents. Sirica seeks method to release tapes while Nixon plans multiple public appearances to shape public perception.
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Nixon
Sen
Charles H. Percy
Illinois
White House
Percy
Alexander M. Haig Jr
Cox
U.S. District Court
John J. Sirica
Sirica
National Association of Realtors
Washington
Disney World
Orlando
Fla
Associated Press
Macon
Carl Vinson
Memphis
Tenn
Over-The-Counter Bid Asked Quotations Summary
NASD inter dealer prices as of about 11 a m shown by E F Hutton in High Point. Quotes cover Amer Furn Anheuser Busch Bassett Furn Coca Cola Bil Dmdrid Corp Life of Care J B Ivey NCNB Piedmont Avia Publ Serv of NC Rex Plastics Royal Scots Inns South Film Extrac West Knitting and others with bid and ask figures and no retail markup.
MENTIONED IN THIS ARTICLE
High Point
E. F. Hutton & Co. Inc
Amer. Furn
Anheuser-Busch
Atlantic Pepsie
Bassett Furn
Bluefield
Cameron Fin. Corp
Carolina Carib
Chatham Mfg
Coca Cola
Daniel Intl
Dmdrid Corp. Biz
Henredon
Hickory Furn
J. B. Ivey
Lane BM
Life of Care
Ncnb Corp
Nat. Gas
Nrthustra Inv. Com
Phillips Fescue
Piedmont Avia
Publ. Serv
N.C
Rex Plastics
Royal Scots Inns
Sout. Film Extrac
West Knitting
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NatAirl
Whitaker
2M Exchange
EmerEl
Williams
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Ni Steel
Zenith R
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Fanstol Jde
Fedostl.ag
Tdva
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Norris
Alcoa
Northrop
Airhia
FdFair
Norton
ForMck
NorSim
AmCan
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Wit BanslChar
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Visa
Gannet
Wa Asmir
GenDynam
Genel
AmStand
HavenFood
Owenlii Ial U
Camp Chiba
t+ Me AT
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AMTE
DataCentri
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Lip Ri
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ArchOan
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Az 41Sta
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Goodrich
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Pfizer
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Ye Philaél
PhilMor
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Bell How
Halburt
J Vie Sa
Ab Ve TI Corp Ae
Bendix
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Boise
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Ideae Ralston P
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Uma
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Hollysg
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LoewThewt
Honywil
Wala Raythen
LTV Corpwt
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RCAI
Ube
Repstis
NewparkRs
ST .Sée
GM Ve MM InlandStiza
Ma Rohring
OKC Cp
CaroPwi
Nm — Carrey
CartWa
InNick
T& T
Wakliek Corp
Chris Cratt
Wea
Seach
Jontog
WyntonLaul
Searieg
Sears
Ayia Valspar
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Smithkline
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Sma
SonyCp
High Point Enterprise
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Corrine
Weard-Griffith Company
National Advertising Representatives
A.P. Stock
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NEW York (Ap
Press
Defender
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Henry M. Jackson
D-Wash
John QC
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Mike Mansfield
Interior Committee
House
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Interior
Jackson
Naval
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Paul N. McCloskey Jr
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Commerce
Maurice H. Stans
Jaworski
Krogh
Kemper Insurance Company
High Point Bank and Trust Insurance Department
S. Main ST
JW. Pierce
Michael H. Smite