Oil Embargo Fears Send New York Stocks Down
Traders reacted to renewed Arab oil embargo concerns as the Dow Jones tumbled 17.08 to 874.25 amid active trading. Volume neared 10 million shares, with declines outweighing advances as analysts warned of looming gasoline rationing and energy outlook uncertainty.
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Oil executive urges more offshore exploration to boost U S energy
Eneas D Kane vice president for research at Standard Oil of California told the Western States Highway and Traffic Safety Conference in Scottsdale that the energy shortage won t be solved quickly without aggressive domestic oil and natural gas expansion. He warned U S offshore acreage lags behind Europe and urged government bodies to consult industry experts to balance environmental and energy goals.
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Eneas D. Kane
Standard Oil Company of
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Renegotiate a big bonus or face replacement
A reader seeks advice on backing out of a two phase bonus plan after seeing demand surge. The columnist recommends writing a regretful letter to the president, staying cooperative, and proving diligence to rebuild trust as the company reassesses the situation.
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Allen
Reliance on autos may get altered by energy crisis
Rep. John J. Rhodes warns at Camelback Inn that U S dependence on private cars could shift as the energy crisis grows. He notes 25 percent of energy goes to transportation and jokes two cars are born for every birth. Phoenix Mayor John Driggs urges planners to heed public opinion after Papago Freeway vote.
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John J. Rhodes
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Camelback Inn
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West would be sixth largest world economy if Western states secede
If the nine Western states formed a separate nation their combined gross national product of 184 billion would place them sixth globally behind the United States, Soviet Union, Japan, West Germany, and France, just ahead of the United Kingdom and Mainland China, per the Western Market Almanac.
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Soviet Union
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New York Exchange Quotations Amid Mixed Results
UPI reports 2 p.m. stock quotes from the New York Stock Exchange. Prices show Acme M, Admiral, Alcoa, Am Airlines, AmT&T and many others with varying highs lows and latest figures. Analysts note shifts in several key industrials and tech shares.
Market listing roundup from New York stock exchange page
Readable spans show numerous stocks with prices highs lows and daily changes across sectors led by energy tech and consumer goods. Names include Exxon Coca Cola General Electric IBM and Ford along with banks and utilities reflecting a broad market snapshot.
Savings inflows surge in Eleventh District in October
Savings and loan associations in Arizona California and Nevada posted a net inflow of 103 million in October first monthly gain since June. Arizona accounted for 54 million of the total inflow while California saw 48 million and Nevada received remainder. Record interest credits lifted district savings capital to 1.3 billion for the first ten months, bringing total net savings flows to over 2 billion.
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Nevada
Federal Home Loan Bank of
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Local plumber charged in suit in Arizona
Local plumber faces charges in Arizona after allegations linked to a plumbing and air-conditioning operation. The case involves alleged violations of regulatory or licensing requirements and related conduct reviewed by authorities.
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Arizona
Florida ports record highs in 1972 imports exports
Florida 15 seaports posted new highs in value of imports and exports for 1972 per the Florida State Chamber of Commerce. The Fair Labor Standards Act suit against Larrabee Plumbing Co and G&P Equipment Co seeks back wages and a permanent restraining order for overtime and payroll record violations.
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Fla
U.S. Department of Labor
George Larrabee
Larrabee Plumbing Co
G&p Equipment Co., Inc
Scottsdale
Tucson
U.S
Dow Jones Averages at 2 P.M. Decline Across Sectors
The 2 p.m. level showed the Dow Jones industrial average at 870.71, down 20.62 points. Transport, utilities, and general stocks also declined with notable losses, while overall volume reached 12.08 million shares.
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