Domestic Car Sales Decline Signals Auto Shortage
U S auto makers report a 15.7 decline in Oct 11 20 sales to 268 493 cars the third straight year to year drop since 1970 due to limited supply of sought after models Chrysler Ford GM and American Motors all cite parts and labor shortages. Cadillac leads GM with highest period luxury demand while American Motors posts a small gain on Gremlin and Hornet models.
MENTIONED IN THIS ARTICLE
Detroit
DPS
U.S
American Motors
Chrysler Corp
Ford
General Motors
California
R. W. McNealy
Lay predicts heat shortages and possible rationing
Kenneth Lay, undersecretary of energy, warned of likely heating oil shortages this winter and possible wartime style rationing. He spoke at the University of Kentucky Energy Resources Conference, outlining policy steps to expand crude oil production and conserve energy.
MENTIONED IN THIS ARTICLE
Lexington
UPD
Kenneth Lay
U.S. Department of the Interior
Lay
Energy Resources
University of Kentucky
Jury Trial Draws Few Spectators in Camptonville Cal
The first jury trial in 35 years in Camptonville attracted fewer than a dozen spectators. Judge Acton M. Cleveland noted the small turnout as Larry Trihub, 26, was fined 65 dollars for carrying a loaded rifle in a moving vehicle on a public road.
MENTIONED IN THIS ARTICLE
Camptonville
Calif
UPI
Acton M. Cleveland
Larry Trihub
West Germany bars arms resupply to Israel from its bases
Bonn says the United States may not resupply Israel with weapons from German bases and protests that U S arms were loaded aboard Israeli freighters in Bremerhaven. Frank Cash and Ambassador Hillenbrand were summoned to the Foreign Ministry as the issue was raised.
MENTIONED IN THIS ARTICLE
Foreign Ministry
U.S
Bremerhaven
Proxmire Assails Defense Contracts With Political Influence
Sen. William Proxmire accuses U S military procurement of inflated costs from 30 to 40 percent due to political pressure and noncompetitive buying. He cites three public abuses linked to Nixon era fundraising by Northrop Goodyear and Gulf Oil, urging sharp limits on negotiated contracts.
MENTIONED IN THIS ARTICLE
Washington
UPI
William Proxmire
D-Wis
U. S
Defense Department
Wisconsin
Congress
Pentagon
Proxmire
Northrop Corp
Thomas V
Gulf Oil Co
NAM Leader Says Fuel Allocation Would Be a Mess
In Atlanta NAM President E. Douglas Kenna warned any federal move to enforce a fuel allocation system would be a mess. He urged returning to a free economy while proposing rethinking environmental rules and offshore drilling to boost energy, and supporting more nuclear power plants.
MENTIONED IN THIS ARTICLE
Atlanta
UPI
National Association of Manufacturers
NAM
E. Douglas Kenna
United States
Nixon
Kenna
Georgia Business & Industry Association
Stein Predicts Healthy Economy For 1974
President Nixon's adviser Herbert Stein forecast a healthy 1974 economy despite higher unemployment and inflation. He predicted slower food price increases and no recession, while noting ongoing price controls would align with world prices. Fed chair Burns warned wage demands may keep inflation at 4-5 percent and urged tax action to curb price pressures.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Herbert Stein
Council of Economic Advisers
Federal Reserve Board
Thur F. Burns
House Ways and Means
Stein
PUC Finds Violations During Idaho Inspections
The Public Utilities Commission conducted commercial vehicle inspections Oct 15 19 at three eastern Idaho sites. Of about 500 trucks checked near Idaho Falls Roberts and Pocatello one fifth violated rules. About 100 vehicles were cited for authority or federal regulation breaches and 28 were placed out of service for unsafe equipment.
MENTIONED IN THIS ARTICLE
Boise
UPI
Public Utilities Commission
Idaho
Idaho Falls
Roberts
Pocatello
PUC
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