Venezuela nationalizes iron industry shocking U S Steel firms
Venezuela announces nationalization of its iron sector under President Carlos Andres Perez, catching U S Steel and Bethlehem Steel by surprise. He also imposes stricter foreign investment rules, targets foreign ownership in department stores and oil, with a 24 to 36 month timeline for oil industry takeover and bills pending in congress.
MENTIONED IN THIS ARTICLE
Caracas
UPI
U.S. Steel
Bethlehem Steel
Carlos Andres Perez
Congress
Perez
Andes
Venezuela
Stocks Edge Higher After Losses On New York Exchange
Bargain hunting after a week of sharp losses lifted prices on the NYSE as trading stayed light. The Dow rose 2.03 to 837.45 and the S&P 500 gained 0.37 to 90.37 with gainers leading losers about seven to six among over 1,742 issues. Volume approached 11 million shares versus 10.17 million the previous session.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Standard & Poor
Auto Graveyards Fade As Mini Mills Recycle Cars for Steel
The piece notes a shift from sprawling automobile cemeteries to mini mills that melt junked cars into steel using electric furnaces and computer controls. It cites rising scrap values, changing markets, and two recycling patterns: owner-ordered removals and police-timed auctions leading to scrap dealer sales.
MENTIONED IN THIS ARTICLE
Leroy Pope
UPI
New York
United States
Ogden Corporation
Luria Bros
Philadelphia
Chicago
Ogden
Luria
America
NYSE closing quotes show mixed totals across many firms
A dense list of stock quotes from the New York Stock Exchange appears, with prices and percentage changes for numerous companies including Philip Morris, Polaroid, PPG Industries, RCA, Sears, Shell, and Schering among others. The snippet reflects varied gains and losses, illustrating a volatile end to the trading session.
Wall Street Chatter Says Market Oversold but Mixed Outlook
Standard & Poor's Outlook cautions a neutral stance until relief from monetary and political pressures appears. It notes May sell-offs sometimes end major declines and forecasts a 65 percent chance of inflation and rates easing by summer with recovery later this year.
MENTIONED IN THIS ARTICLE
New York
UPI
Standard & Poor
Lionel D. Edie & Co
West Hartford
Conn
Commodity closings and price quotations
Closing prices cover a range of commodities led by London gold at 168 50 and May copper at 1 38 down one cent. Silver is 5 62 down seven cents while May wheat is 3 85 down six cents and May soybeans 5 43 unchanged. Cattle and hogs show gains with June live cattle 43 7 up 40 cents cwt and June live hogs 33 35 up 78 cents cwt. May cocoa 98 50 down 1 45 cents, May coffee 69 30 up .05 cents, fresh eggs 37 55 unchanged. Potatoes 15 37 up 37 cents and plywood 116 20 down 1 80 thou. sq ft.
MENTIONED IN THIS ARTICLE
NEW York
UPI
Conti Air la
New York Tock Exchange
ContrOil
Cox
AeSnaLf
le Air
Ye Crane Co
Na Aircoinc
AlcanAl
Cyprus
Danac
Alcoa
Deere
Am Airlines
del Mat
Ye DelfaAir
AmBreest
Dennisn
Diebold
Dresser
Duke P
Bath Ma
Mae
Dupont Valad
Ve Duqnel
Ammt&t
Ametek
Va Basco Co
Faberge
Baker Oil
Fairind
Bangor
Bath Ind
Farah
Va FerroCorp
Firestone
Beli Hwi
Bendix
Fleming
FlinSkot
Yo Benguet Cn
Black&d
Mos FoodFar
Boise Cas
Borden
Borg
Bost
Tva
Wa Fruehuf
Bourns Inc
Wma
Va Braniff Intl
S Brigass
Bris My
Ya Britpes
Gannett
BrGrup
Bucyrus
I Budd .Co
Wsa
Bulovaw
Gen Instra
Burlin
Va GenMill
GenMet
Burroughs
Va G Pubu
Steel Ind
VY VA Serber Pd
CaterTr
E— Ve
ABC
CerroCorp
Ric
Grace
Grand U
Gt A&p
Gsmek
Giwsfin
Chris Craft
Yose AG Grn Gia
Grumn
Va Citicorp
Gulk
CocaCo
Aeea
Colgate
Harris
ComSolv
Hershey
Heublein
Fo Hewitt
Wen Va
Hilton
E— Va
Marter
Va Massey
Va McCroy
McLean
Va Mead Cp
Merck
MGM Ab
Mm&am
Yo Mohsco
Va Morrsk
Motorola
E— Vo Misttel
Nabisco
NatAirl
Petrl
Ohio
OgdenCp
OlinCorp
Omarkin
Rekl
Otis el
Owen CF
Owenlll
PacGas
T&t
Pan Am Air
Panhandle
Penn
Penney
PennDix
Pennpl
Pennzoit
PeopGs
PepsiCo
Sp Rand
Studew
Va Unocal
UN Pac
S Uniroyal
UidAirers
UnCorp
US Indus
US Steel
Varian
VendoCo
Vetco
Wava
Victorcc
Tvz
Walgreen
WarLm
WstnAr
WsBanc
Va Weyrhas
WhelPitt Sd
Whiipoo
Va Whit Con
Whittakr Co
Wae Wickes Cp
Xerox Cp
Zale Corp
Zayre Corp
E— Ve Zurn Ind
London
Maine
Dow Jones Averages Edge Higher in Early Trade
The Dow Jones averages edge up as early trading shows gains led by notable industrial and financial names. Investors monitor market momentum and potential catalyst events shaping supply and demand.
Scottsdale Elementary Center launches national veterinary assistant program
The Scottsdale Elementary Center starts a possible nation’s first veterinary assistant program costing 975 dollars. SEC administrator Douglas Naegele says the curriculum covers large and small animals and trains in veterinary practice, X ray work, and medical laboratory techniques.
MENTIONED IN THIS ARTICLE
Scottsdale Elementary Center
SEC
Douglas Naegele
SRP to Sell $50 Million Municipal Revenue Bonds
Salt River Project plans a Thursday sale of 50 million dollars in municipal revenue bonds to the bidder with the lowest net interest cost. Proceeds finance electric facility construction and ongoing projects. The 1974 Series B bonds carry ratings of A-1 by Moody’s and A by S P, matching last January’s ratings for 90 million sold at 5.7599 percent net interest.
MENTIONED IN THIS ARTICLE
Salt River Project
SRP
Moody Investors Service Inc
Standard and Poor’s Corporation
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Orinoco Mining Company
Rockefeller
Sears Roebuck
Scottsdale (Az
Daily Progress
Pullman
Ralston
Raython
RCA
Ya Riviana
Rochg
Rockwell
Ya Rohmh
Rohr Ind
Va Royal CC
Royld
StJoMn
StRegis
Va Schering
Sears
Shell Oil
SierraPc
SimusCo
Singerc
SmithKline
SouthCo
Ve SoNtRes
SoPacif
So Rail
Va Sonstps
War
Hobart C
Inns
Howard J
Idaho
IBM Cp
Wa Va
Jantzen
Jeff Pilot
jonn&Jn
Jontogn
Janes L
K — KaiserAl
Kcsoln
Wwe
Kennecot
Kerr Mc
Kidde W
Lockheed
Ind
Macy
Wall ‘Street
Compiter
Dir
CL Jr
Fdic. Bank
Fred Schaffer
Bache & Co. Inc
John D- Knox
New York Life. Insurance Company
E. Camelback Rd
Pesston
American Exchange
API
American Stock Exchange
Va Carnatin
Crw CP
Vo Vu
Ye Day Mn
Dixlyn Corp
Dome Petro
Felmat
Fischer Pt
Frontier Air
McCulloh
Okc,corp
Pneumo
Je Statham Ins
Seti Syntex C
Utah Ser
Vikoa Incor
Nan Y Wye
Yates Indus
Gindustrial Light Industrial
Phoenix
Scottsdale
Dow Jones
Metro Trust Company
P. O. Box
Arizona
Indus
Stag Lotr
SUN Control
Hughes- Calan Corporation
North 16Th ST
Sun City
E. University-Blvd
Tucson
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