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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 11, 1974
Page
13
Traders monitor Wall Street as the New York Stock Exchange posts closing prices for broad market indices and major stocks. Reports indicate fluctuating activity across sectors with notable gains and declines among listed companies.
United Mine Workers members in seven southern West Virginia coal fields continue a two week walkout that has slowed coal supplies for steel production. Union dissidents warned the strike could spread to all mines in the state and trigger plant layoffs by next weekend if not resolved. They protested gasoline restrictions as part of broader demands while federal food stamp and energy policies drew attention at the state capitol.
Moise Cascade Corp voluntary refund of $1.5 million follows IRS review of pricing and profit margin limits during Phases 3 and 4 of the Economic Stabilization Program. The adjustment affects buyers of the companys paper products and is announced by IRS Stabilization official Jerald Peters.
New York AP reports the stock market rebounded to gain early leases and extend a month long rally despite Arab oil producing nations debating whether to end their embargo. Dow Jones surged above previous highs, with gains broad across the NYSE and AMEX led by Disney, Holiday Inns, and other companies.
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