Occidental Soviet oil deal could help US shortages
New York AP reports a broad agreement between Occidental Petroleum Corp and the Soviet Union may involve billions of dollars and help ease US oil and gas shortages, potentially reshaping energy supplies and strategic relations.
MENTIONED IN THIS ARTICLE
New York
Occidental Petroleum Corp
Soviet Union
United States
Oil-Gas Link Helps Lawmakers In Wage Policy Fight
Senate Democrats backed a minimum wage bill after opposing Nixon's smaller increase. The week also featured a policy shift to protect the oil and gas sector amid broader economic pressures.
MENTIONED IN THIS ARTICLE
Senate
Nixon
U.S
Nixon foresees surge in Soviet U.S. trade by 1975
The agreement spans exploration production and use of oil and gas, agricultural fertilizers and chemicals, metal treating and plating, hotel design and building, and garbage to fuel and other products. Nixon Administration figures forecast a tenfold jump in Soviet U.S. trade to about 2 billion dollars by 1975.
Occidental USSR deal ties patents to oil and gas exchange
The week saw strong stock market focus on foreign exchange and a government report showing an 8.9 percent GDP growth from April to June while inflation slowed. An unusual agreement between Occidental and the USSR entails the conglomerate transferring patents and technical know‑how in five areas in return for Russian oil, natural gas, metals, and other goods.
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Occidental
The
U.S.S.R
Stocks and Bonds Traded in New York Markets
Daily activity in New York stocks and bonds shows varied trading. American bonds movement noted amid unsettled market sentiment with notable volume across sectors and key issues highlighted.
Eggs hold steady at wholesale Kansas City market
In Kansas City the wholesale egg market shows little change with large eggs at 80 cents per dozen and extra large at 25 to 34 cents. The report notes mid and large sizes around 28 to 37 cents and 28 to 37 cents respectively for 80 percent A grades.
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The sheet lists weekly closing ranges for Dow Jones groups led by Industrial and Utilities sectors. Key figures include Highs and Lows such as 914.96 to 920.45 for Industrials and 106.85 to 106.85 for Utilities, with losses noted in several indexes and bonds.
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