Market slips after early rally fades amid oil fears
New York stocks opened higher as Arabs eyed easing oil boycott, but gains faded. Dow Jones up 1.96 to 819.69 at noon, with advances ahead of declines about 2 to 1 on the NYSE. Oil outlook worried investors as Norton Simon fell to 19 and Hewlett Packard slipped 5 percent to 82. Sony rose to 3042 and McDonald’s held at 51.
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New York
New York Stock Exchange
Japan
Philippines
Robert Stovall
Reynolds Securities
American Stock Exchange
Norton Simon
Hewlett-Packard
Sony
McDonald’s
Market Closing: American Exchange Stocks Mixed Amid Rises
New York AP reports a wide range of American Exchange prices with notable gains for some issues and declines for others as traders absorb quarterly dividend hints and shifting sector momentum. Key names show varied moves including hardware, oil, and consumer stocks, while several orchestration notes signal forthcoming dividends and corporate actions.
New York Stock Exchange Noon Index Report
AP stock index brief lists the NYSE noon market index with Industrial and Finance sectors. The report notes slight gains for A.P. stock averages and includes small changes in listed sectors.
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New York
Hijackers Give Up In Dubai
Three Palestinian hijackers who controlled a Dutch KLM jumbo jet released their exhausted hostages and surrendered after obtaining a safe passage guarantee from Dubai. The flight had roamed the eastern Mediterranean and Middle East for three days, with 244 passengers and crew unharmed. Authorities said the jet suffered no apparent damage and the hijackers faced uncertain terms for their surrender.
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Dubai
KLM
Amsterdam
A. W. Withold
Persian Gulf
Sheikdom
Mediterranean
Middle East
Speed limit changes tied to gasoline shortages discussed
The article notes experts and officials debate lowering speed limits to curb fuel use. Mize warns reduced speeds may shift accident costs upward due to inflation, while statisticians cite stopping distances of 55 vs 65 mph. Highway workers remove 45 mph minimum signs on interstates as limits are updated.
MENTIONED IN THIS ARTICLE
Mize
Nixon tapes dominance at Watergate hearing described
The Watergate hearing before Judge John Sirica featured testimony about exhausting work schedules and transcription efforts at Camp David on September 29 30, including the 18 minute 15 second hum from the June 20 tape. Negotiations over access to transcripts and executive privilege were ongoing as the Senate committee and lawyers debated future public hearings and disclosures.
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Camp David
Nixons
Rhyne
U.S
John J. Sirica
Nixon
John D. Ehrlichman
Haldeman
Sirica
Federal Lands To Be Leased For Shale Oil Production
Interior Secretary Morton announced six federal oil shale tracts will be leased in Colorado Utah and Wyoming by competitive bidding between January 8 and June 4 marking a major potential expansion of U S oil resources He also urged issuance of a permit for the Trans Alaska pipeline and activated 250 petroleum executives for an energy emergency pool with service expected to last about six months
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Rogers C. B. Morton
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Christmas lights kept on at Nativity Scene protested
Letters from readers urge keeping Christmas lights on at the Nativity Scene, arguing it embodies the season and is a small power cost. A speaker stresses teaching children resilience and managing hardships, while another notes fuel shortages and questions lunar missions. Readers also advocate mild baths to save electricity.
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Anon
G. M
Highway primary job inquiry narrows as panel questions Lentz
Lentz and Doby were to be questioned by the committee later today as its scope remained unclear. Gov. Holshouser and Lt. Gov. Hunt had agreed to cooperate with the panel, limiting its probe to personnel policies, while Barker suggested possible other avenues to review alleged campaign activities. Morrrison named as liaison for the administration.
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Doby
Jim Holshouser
Jim Hunt
Robert L. Barker
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Holshouser
Hunt
Highway Division
Thomas S. Bennett
Holfhouser
GOP
Frank Rouse
Barker
Baker
Fred Morrison
Administration
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