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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 25, 1973
Page
2
Washington SEC weighs a public company disclosure notice on how high interest rates affect costs and profits. Officials said firms should estimate impact of money costs and possible shortages, with tougher steps if issuers fail to respond.
The Federal Energy Office expects gasoline and heating oil prices in the United States to climb by about 1 to 2 cents per gallon due to higher foreign crude prices. The increase should be larger on the coasts, with an allocation plan to spread the burden. Persian Gulf nations doubled crude prices, while officials debated impact and timing.
Saigon reports 92 clashes nationwide in the 24 hours to noon, down from recent days but above Christmas level. Communists and government forces each suffer casualties, with mortars fired at Ba Xuyen outposts. A spokesman notes a cease-fire framework differs from last year’s truce.
Former Teamsters president James R Hoffa says he will fight a ban barring him from union activity. He intends to seek relief from the attorney general and, if needed, sue. Hoffa announced plans to run for the presidency in 1976 after a Philadelphia speech, asserting he will win.
Most Americans reached homes with little delay during the holiday except in Colorado where 10 inches of snow closed streets and outlets. Denver airport and highways were shut while many gas stations closed or limited.
Frank N Ikard, president of the American Petroleum Institute, says a winter 3 percent colder than normal in the Northeast and Midwest would lift distillate fuel oil demand by nearly 600 million gallons, with demand rising as temperatures drop.
Los Angeles based actor Carroll O Connor repudiates a Texas AFL-CIO Labor News story as a fabrication claiming he urged impeachment of President Nixon. He threatened legal action against the AFL-CIO publication and pressed for the reporter to be dismissed.
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