Dollar firmer stocks rise but trade light
New York stocks moved higher on light volume as traders cited data timing overseas and the possibility the market may have bottomed. Dow Jones industrial average rose about 0.9 percent, while chip indicators opened slightly lower and decliners edged advancers.
MENTIONED IN THIS ARTICLE
New York
Sttm
Larry Warhiel
Bache & Co
Martin T. Guvifvient
Bruns, Nordemann & Co
United States
Gaddfriend
Gasoline rationing ruled out by administration
Washington reports Deputy Treasury Secretary Witham Simon declared emphatically that the administration will not consider gasoline rationing to address the shortage. He cited a voluntary allocation system already in place and dismissed rumors of price controls or mandatory rationing as unacceptable. Senator Jackson urged hard look at breaking up big oil functions and noted a FTC report suggesting vertical integration helps fuel shortages.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Simon
Nixon
Sion
Henry M.jackson
DeWash
Congress
Jackson
Jack Hot
Federal Trade Commission
PTC
FTC
Jackson Saldh
Sihiler
Wasalin
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