Oil executive urges conservation and domestic offshore futures
Donald L. Bower of Standard Oil Co. of California told reporters in Phoenix that US oil reliance is 40 percent and could rise to 50 percent by 1985. He warned foreign nations may threaten U.S. energy security, urged non-OPEC sourcing and domestic reserves, and discussed offshore Alaska, the North Sea Ninian field, and potential oil company breakups impacting prices and research.
MENTIONED IN THIS ARTICLE
United States
Phoenix
Donald L. Bower
Standard Oil Co
California
U.S
Gulf of Alaska
Bower
Congress
New York Stock Exchange Quotations Report
New York stock quotes show varied prices with many major firms listed. The AP report lists numerous tickers such as Aetna, AirTran, Alcan, AmEx and Boeing with bid and ask ranges and percentage changes across numerous sectors.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
NYSE Winners and Losers by Percent Change
AP lists NYSE issues with the largest gains and losses by percent change. Items show names, prices, and up or off designations with noted percentages and price differences from yesterday.
Market edges higher after early lull in NY trading
The Dow Jones average rose to 1013.15 by 2 pm, up 2.13 points as trading steadied. Advancers led decliners 7 to 5 with volume around 14.22 million, down from Wednesday's 18.34 million. Eastern Airlines gained 7 percent on active turnover. Continental Air Lines rose 8 percent amid brisk activity.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
New York Stock Exchange
Dow
Charles Jensen
Merkin & Co
Eastern Airlines
Continental Air Lines
Commodity Closings Roundup from Trading Desk
London gold 127.30 up .05. MMM June gold 128.00 up 0.30. Apr silver 4.41 down 1.3. July platinum 159.00 up 1. May copper 70.8 cents down 1.1. May wheat 3.44 down 1. May corn 2.48 up 1. May soybeans 4.86 up 1. May live cattle 47.92 down 0.63. June live hogs 52.67 up 0.20. May pork bellies 77.35 up 0.03. May fresh eggs 43.2 cents up unknown. May Maine potatoes 9.84 down 0.02. May plywood 156.80 up 1.60 thousand. May cotton 60.7 down 0.28. May sugar 13.84 up 0.??. Market not closed on above items.
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Benguet
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Blockhr
DiifonCo
Bu— Disney
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Four Arizona banks report lower first quarter net income
Valley National Bank earned about 4.4 million in Q1 1976 or 50 cents a share, down from 5.0 million or 57 cents. First National Bank of Arizona posted 2.6 million dollars or 1.44 per share vs 3.1 million or 1.70 last year. Arizona Bank logged 1.3 million or 42 cents vs 1.5 million or 48 cents. United Bank recorded 486 thousand dollars or 42 cents, down from 488 thousand. The article cites high early 1975 earnings due to high rates and loan demand, with lower 1976 earnings expected amid higher funding costs and softer loan demand. Deposit leaders: Valley National Bank 2.6 billion. FNBA 1.8 billion. Arizona Bank 915 million. United Bank 265 million.
MENTIONED IN THIS ARTICLE
Valley National Bank
First National Bank of Arizona
Arizona Bank
United Bank
G. Clarke Bean
Bean
VNB
FNBA
Goodyear head urges business to shape policy
Morris B. Jobe president of Goodyear Aerospace Corp urged Arizona State University business leaders to educate regulators and social planners to stop stifling business with excessive rules. He said profit fuels stockholder returns and pension funds and warned that current actions hamper capital formation and raise prices.
MENTIONED IN THIS ARTICLE
Morris B. Jobe
Goodyear, Aerospace Corporation
Arizona State University College of Business Administration
Akron
Ohio
Arizona
Litchfield Park
Jobe
America
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