Nixon Tapes Decision Triggers Quick Wall Street Rally
Stocks faded early as traders noted Middle East tensions and impeachment talk but cheered when President Nixon signaled releasing office tapes for review. The Dow swung to gains, rising over 12 points by midafternoon as Exxon California Standard and Texaco slipped on oil policy concerns.
MENTIONED IN THIS ARTICLE
New York
UPI
Wall Street
Nixon
Dow
Washington News
Middle East
American Stock Exchange
California Standard
Exxon
Texaco
Organization of Petroleum Exporting Companies
OPEC
Morris conference on second day of fall gathering
The Robert Morris Associates 59th Annual Fall Conference enters its second day with Dr. John Burton of the SEC giving the opening address. Robert O. Anderson discusses environmental impact on lending, followed by Leslie C. Peacock on international banking implications. A luncheon honors awards, and an afternoon panel on liquidity and banking issues features executives from Continental Illinois, United Bank, and Bank of America. The day closes with a BMA president's reception and banquet for delegates and spouses.
MENTIONED IN THIS ARTICLE
Robert Morris Associates
John Burton
Securities and Exchange Commission
Burton
Atlantic Richfield C
Los Angeles
U.S
U.S. Pornumercal Banking,” By Leslie C. Peacock
Santa Rosa
J. Morthland
American Bankers Association
Peoples Bank and Trust Co
Selma
Ala
Don Ostlund
The
Valley National Bank of Arizona
Phoenix
George R. Baker
Continental Illinois National Bank and Trust Co
Chicago
James J. Preble
United Bank and Trust Co
Hartford, Conn
Alvin C. Rice
Bank of America
N.t.&s.a
San Francisco
Cal
BMA
NYSE 2 P.M. Quotation Snapshot On Diverse Stocks
New York Stock Exchange quotations show mixed moves across Acme Markets Admiral Group Aetna Life Air Products Alcan Alumina Allied Signal and many other firms. The list includes price, change, and percent figures for hundreds of issues, indicating broad activity and volatility in mid afternoon trading.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
P.eation
Acme Mkt
Ve A.t&t
Anacon
Apecoc
Armcos
Atlas Corp
Avco Corp
Bath&Wil
Baker Oil
Ve Bangor Pn
BIA
Bath Ind
Beas
Wa Beckmn
BeechAri
Bell Hwi
Bendix
WM. Benguet Inc
Bourns
BranifAir
Briggs S
BritPet
BrGrup
Brunswk
Bucy E
Budd Co
Bulaova W
Jéle
Zunkerr
Buri
Carotl
Cessna
ChaseMan
Chessi
Chris Craftoé
Corysir
Cleyv
Cocacol
ColgaSe
He Collin Radio
CBS
Cot Gas
ComSol v
Comsat
COX
Cyprus
Danac
Dasco
Dresser
DuPont
Eastern Air
Estracol
Excello
Dow Jones Averages at 3 P.M. Update
Dow Jones industrial average at 3 P.M. rose 11.29 points to 971.86. Transports gained 0.77 to 183.03 and utilities up 0.35 to 99.50. The overall average stood at 294.94 with 14.9 million shares traded.
MENTIONED IN THIS ARTICLE
SimusCo
Singerc
Ohio
SterlDrg
Steven
Studew
Tandy Corp
Teledyne
Texaco
Texsgulf
Thriftyd
Timlin
Aaneco
Unocal
UN Pac
Uniroyal
U Aircr
US Indus
US Steel
US Tob
UniTel
Sana Utah
UV India
Union
I Weyrhs
Whirpool
Whit Con
White Motor
Whittakr Cp
Tw. Wickes
Wblm
Xerox
Zale Corp
Zayre Corp
Zenithr
Jostens Jones
Kennecot
Kerr Mc
Bva
Kidde W
Va Kim
Tva
E Kopper
da— Krattco
Kresge
Kroger
Uae
Va McDono
McCroy
Wwe
Va McLean
Merck Mead Cp
MG M Inc
Mma&m
Mo Pac AS
Mobile
Morisco
Ve Monogram Monsanto
Morrsk
Motorola
Natomas
NingMo
PeopGs
PepsiCo
Pfizer
NEW York
UPI
Phelp
ATM
American Stock Exchange
PhilaEl
Philips
PhilPet
Pillsbry
Pitney B
Pse&g
Wat Pullman
Me Carnatn
Va PurexCp
Circle K
Comb Equip
Ralston
Rapid A
Yo Dixlyn Corp
Reython
Dome Petro
RCA Corp
Bia
qReading Co
Finch
Felmont Oil
Fischer Pt
WA Reviow
Kirbyind
Rockwil
RoyalCc
Sathemins
Amen Techncolor
Sears Oe
Niko Incor
Shell Oil
Sierra Pc
Ranes Ingus
Belant SignatCo
Dow Jones
P.m
Maritime unions threaten new boycott over Middle East war
UPI reports U S maritime unions renew their threat to refuse handling ships bound for the Soviet Union unless the Kremlin halts military aid to Arabs and oil shipments to the United States. ILA President Gleason delays the deadline hoping for a peace settlement and oil orders restoration.
MENTIONED IN THIS ARTICLE
Miami Beach
UPI
U.S
Soviet Union
Kremlin
Middle East
United States
Thomas W. Gleason
International Longshoremen’s Association
ILA
Gleason
Afl-Cio
International Longshoremen’s and Warehousemen’s Union
ILWU
Harry Bridges
Marine Engineers
National Martime Union
Masters, Mates and Pilots
Nixon
Dollar slips. gold climbs amid Nixon turmoil and Middle East fighting
The dollar weakened marginally against major European currencies while gold rose on reports of impeachment moves against President Nixon and ongoing Middle East conflict. Paris exchange closed at 4.26 francs, London at 2.4435 per pound, Zurich around 3.0123–3.0132 francs, and Frankfurt fixed near 2.40. Gold bullion steadied around 100.75 an ounce.
MENTIONED IN THIS ARTICLE
London
UPI
U.S
Nixon
Middle East
Paris
Zurich
Frankfurt Currency Exchange
Frankfurt
Arizona DES projects wage, population, and jobs boom
The Arizona Department of Economic Security says average weekly unemployment insurance wages will rise from 163 to 275 dollars in eight years. The study forecasts population growth from 2.0 to 2.6 million and employment from 772 thousand to 1.1 million, with an inflation backdrop around 4.4 percent and U.S. GNP near 2 trillion by 1981.
MENTIONED IN THIS ARTICLE
Arizona
Arizona Department of Economic Security
DES
William
J. Mayo
Department
Mayo
U.S
Valley National Bank of Arizona Posts Strong Q3 Loan and Deposit Gains
Valley National Bank of Arizona reports robust growth in its September 30 1973 quarter with total loans at 1.726 billion up 24.7 percent from 1972 and total deposits reaching 2.242 billion up 13.8 percent. Agricultural and livestock loans rise 20.5 percent year to date, supporting VNB's national ranking in farm lending.
MENTIONED IN THIS ARTICLE
Valley National Bank of Arizona
James B. Mayer
Arizona
VNB
Also Mentioned on This Page
Scottsdale (Az
Daily Progress
Fa Faberge
Farchc
Fairind
Fairmntf
Farah Mfg
Ferro Cp
Ve Firestone
Wyu
Va Gac Corp
Gam Sk
Hyw— Gannett
Gerber
Getty
Gillette
Goodrich
GoodyrTir
Gt A&p Tea
Grumman
Hercules
Hershy
Heublein
Hewitt P
Hilton Htl
Hobart M
Hoernz
Howardj
Va Howmet
Ve —i
Idaho
Aden
T&t
Vastek Corprin
Jantzen
Joho &Jn
JonLogn
American Exchange
Maritime
NASA
Continental Wensor Dank
Scottsdale
Paradise Valley
Tempe
Fresol
Eorll
SUN Control Films
Hughes-Calihan Corporation
North 16Th ST
Suncity
E. University Blvd
Tucson
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