Energy crisis trims Christmas shopping outlook across stores
UPI reports department store executives see a slower holiday gain due to fuel shortages. Shoppers favor warm clothing and home entertainment, with forecasts ranging from modest to single-digit gains versus last year. Some stores cut lights and offer special charge discounts while executives cite predicted rises of 6 to 10 percent in several markets.
MENTIONED IN THIS ARTICLE
New York
UPI
Paul A. Salomone
Gimbel’s
Bloomingdale’s
Lord & Taylor
Boston
Charles Colar
Filene’s Children’s Department
New Hampshire
Maine
Howland’s
Concord
N.H
Sears, Roebuck
Mammoth Mart
Mar Fisher
Philadelphia
Strawbridge Clothier
Wanamaker’s
Gimbels
Yale
Marjory Windt
Garfincker Chain
Washington
Rich’s
Atlanta
Harold Brockey
Robert Regenstein
Regenstein
Stocks Fall as Energy Measures Fail to Lift Markets
On the New York Stock Exchange trading intensified as concerns over Nixon's energy plan and a looming recession pushed the Dow down 28.37 points to 825.63 by early afternoon. Declines outpaced advances 1,223 to 179 amid 1,640 issues. noon volume surpassed 7.5 million shares. E F Hutton analyst Newton Zinder called the drop ongoing and linked it to energy fears and a muted response to Nixon's speech. He warned that foreign economies hit by the Arab embargo could pull the U.S. down further.
MENTIONED IN THIS ARTICLE
New York
UPI
Nixon
New York Stock Exchange
E.F. Hutton
Newton Zinder
Zinder
United States
Auto sales slump deepens as Nixon energy plan rolls out
President Nixon signaling energy saving measures pushes Americans toward small cars and deepens a slide in new car sales. GM reacts by delaying production and planning 16 plant shutdowns before Christmas, cutting 79,000 intermediate and full size cars, while compact and subcompact demand stays strong.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Nixon
General Motors
Joe Morgan
General Motors Corp
On the Job New owners bungling firm
Clara asks Hal for advice after selling her optical lab business to a larger company. The move to merge and centralize labs led to botched transfers, missed government delivery targets, and friction with contracting officers. Hal says the fault lies with poor planning and urges repairing customer relations and internal trust.
MENTIONED IN THIS ARTICLE
Hal
Clara
NYSE 2 P.M. Quotations From New York Exchange
Selected stocks on the New York Stock Exchange list mixed results across many names with gains and losses. Notable entries include Acme, Admiral, Aetna Life, Air Prod, Alcoa, Allied, Am Airlines, AmCan, AmTel, AmExpress, Boeing, CocaCola, General Electric, Dow Jones components, and dozens more. Investors watch fluctuating prices and daily changes as market activity continues in the afternoon session.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Admiral Cp
Alcon
L Am Airlines
Amt&t
Je- Amstar
Anacon
Apecoc
Armcos
Arms Ck
Asni
Assoc Trans
Richtid
Atlas Corp
Avco Corp
Avnetinec
Bab&wWil
Baker Oil
Bangor Pn
Sta Bath Ind
Fos
Beckmn
Dix
Benguet Inc
Beth St
Black
Boeing
BoiseCas
Borden
Ns Borg
Bourns Inc
Branif Airw
Briggs S
Bris
Market activity shows wide spread across American Exchange stocks
Readable lines list numerous tickers with percent changes and prices on the American Exchange in New York, highlighting trading activity and varied performance. Names include Petro, Brascan, FordC, Texaco, Pfizer, Exxon, and Union Pacific among many others with percentage moves and price markers.
Dow Jones Averages Decline at Noon Trading
At 2 p.m. the Dow Jones industrial average stood at 822.92, down 31.08 points. The transport index fell to 169.61, down 3.29. utilities to 89.85, down 1.28. and the stock index to 257.64, down 7.64 as trading volume reached 14,440,000 shares.
MENTIONED IN THIS ARTICLE
McGr&d
McLean
Mead Cp
Morisco
Monogram
Monsanto
Motorola
murpCo
Nabisco
NatCash
NwBan
NortonSi
OgdenCp
Ohia Ed
Okiang
OlinCorp
Omarkin
Or Rckl
Otis el
Owencf
Owentil
Safewy
StroMin
StRegis
Sander Asso
E— Va SaFint
Schering
Schlumb
Scmcrp
SierraPc
Smithkline
Yva
V— SouthCo
yVa— Va SoNtRes
Tandy
Teledyne
Teneco
Texaco
Textron
Thriftyd
Timlin
Transam
Unocal
UN Pac
Uniroyal
Uairer
UnCorp
US Indus
US Steel
US Tob
UniTel
Ve UnivOil
Upjohn
Utahint
Wunion
Whittaker Cp
Wickes Cpl
WinnDx
Woolwh
Xerox Cp
Zale Corp
Zeyre Corp 1A
Zenith
Ph Zurn Ind
Dow Jones
P.m
Trans
Also Mentioned on This Page
DOW- Jones Industrials
N.Y. Stock Exchange Industrial Isde
By Hal Thorn
Scottsdale (Az
Scottsdale
Wya
Chase
ChmNy
Chessie
Chris
CocaCol
Colgate
CBS
Col Gas
Dismey W
E Dresser
Duke P
DuPont
Dugnet
Eascoc
Eastern Air
Essex
Ethyic ExCell
Exxon
Faberge
Farah
Firestone
Gel Gili
Glo Graari
Ari
Rkor
GAC Corp
Gannett
Ioal Martl
Wardric
jyrTir
ewWl
Jr-M
HamPap
Ss - Harris
Heclaman
Heinz
Hercules
le Hershy
Idaho
Aiss
C Kange
KanNeb
Kayser R
Kenmtl
Kennecot
Kerr Mc
Kidde W
Kim Ci
KLM Abt
Knight N
Kopper
Kraftco
Kresge
Kroger
Wan Tae
LearSieg
Libby McNi
Lockheed
Itt Nki
IntiPap Wa
T&t
Htek Corprin
Jantzen
Jett Pilot
JohnMv
John &Jn
Jon Logn
Jones L
JoyMfg
American Exchange
API
American Stock Exchange
Petro
Buttes Gas
Cal Comptr
Carnatn
Crown CP
Dixtyn Corp
Dome Petro
Felmont
Gen Cine
THI— HuskyOl
Kaiserl
Kirbyind
Lee Ent
Italy
Lee NatlCp
McCullenOl
PacPetrl
Penney
PennDix
Pennioil
PepsiCol
Pfizer
Dollar
PailaEl
Pse&g
Pullman
Purex
Reviow
Rey Ind
Rey
Rockwil
Rohmh
Rohr Ind
Royalt
Rare Metals Investment Corp
E. Missouri
A. Phx
Ih Business Bureau
Better Business Bureau
BBB
Your Better Business Bureau
Hebta Ecco Tournamei
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