Leading oil nations near price accord
Quito Ecuador AP Representatives of the world's leading oil exporting nations neared a decision on oil prices amid reports they would continue a freeze on posted prices for the next three months The 13 nations in OPEC discussed a proposed tax increase that could raise US gasoline costs by 2 or 3 cents a gallon Ministers met for three hours Sunday night and Amouzegar said they were near a final agreement Secretary General Abdeerahman Khan said they would meet again today The price freeze was a compromise between Saudi Arabia’s push for price cuts and the other members favoring some hike OPEC froze posted prices in January extending for three months In March prices rose to 11 45 a barrel influencing cost to oil companies leading nations near accord are Algeria Abu Dhabi Qatar Saudi Arabia Libya Tran Venezuela Gabon Benin Nigeria and Indonesia
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Quito
Ecuador
Organization ‘of Petroleum
United States
Trat
Jamshid Amouzear
Abdeerahman Khan
OPEC
Saudi ‘Arabia
Ally Policy
Edsign
Venewuels
Tran
Ford ads deemed misleading by FCC in settlement
The FCC plans to accept a negotiated settlement with Ford Motor Co and J Walter Thompson over commercials the agency says misled the public about quietness and strength of Ford models. The ads for 1973 and 1974 LTD and Galaxie allegedly claimed superior noise reduction and performance beyond a reasonable basis.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade, Commission
Ford Motor Go
Ford
J. Walter
pGlider
General Radio Co
Stocks decline as investors await further data
New York trading opened amid disappointment over accounting rules and lingering doubts about gains. The Dow Jones industrial average fell to 933.23, while volume on the New York Stock Exchange stayed light. Citicorp led the Dow losses as American Home Products and Niagara Mohawk also fell, with Siesa Pac Industries among the most active, hinting at a tentative market pause before clearer facts emerge.
MENTIONED IN THIS ARTICLE
NEW Yorka
Inka
Tvere
Walt A Attita
Ralph Atra
Harris, Upham
Meray
Merri Acampora
Alan
Laidlaw-Cogges Bell Lne
Dow’ Jones
Dows
New York Stock Exchange
American Stock Exchange
Siesa Pac Industries
Citicorp
Golu Fenders
American Home Products
Niagara Mohawk Power
Ei Lvo Corp
Utah’ Tnternational
LVO
LYO
Utah Suibal Diary
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New York
STC Stock Exchange
Eerie
Baetan
Oncom
Oersea
Benatig
Berat
Guy
Sumi Nyseein
Shri- Prae
Fae
Tim Stias
Uae
Tata Sean
Ath
Hamphal
He Hai
Algeria
Abu Dhabi
Peter Sawait
Saudi Aria
Libya
Iay
Venezuela
Gabon
Bedet
Nigeria
Indont Te
FCC
Firat
Alelider
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