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Press Telegram in Long Beach, California

09 Nov 1973

Page 21

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Nov 09, 1973

Page

21

Energy crisis drags stocks lower amid market anxiety

New York stocks fell as energy crisis fears weighed on investor sentiment. The Dow dropped 24.24 points. analysts cited effects on autos and chemicals as well as fuel shortages. Market volatility reflected broader worry over Middle East tensions and President Nixon. Names cited include Newton Zinder of B F Hutton and Ronald Cooper of E F Rutland.

MENTIONED IN THIS ARTICLE

New York Leokers Mab U.S Prece Nixon Newton Zinder B. F. Hutton & Co Ronald Cooper E. F. Rutlan & Qo
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Sugar quota system may be scrapped for free market sugar

The Nixon administration proposes ending the 140‑year practice of allocating yearly sugar gains to foreign countries. The Sugar Act, first passed in 1984, expires next year and currently sets annual U.S. quotas based on implied consumption. The plan envisions a world‑basis surplus, with the surplus no longer existing, shifting toward freer market mechanisms.

MENTIONED IN THIS ARTICLE

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