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Show iV L i. and Dow n the Street Uf t- - ' ' I L- - (l. a 4---J r v ?' y - I - 4 , r i?' v'V'W'' V 4'r A fc- f Panel Airs Complexities of Fuel Crisis By Robert H Wood Friburie business editor Ph sident Fouls newly-create- mation or. cause and effect But there were few, if an, comfortable and volutions certainly no Alexander to sever the (ERDAi has hefty fuiuing to finance study of alternate sources of Lm rfe. , he sd.d But two eongre-ssioiia-! committees -m'erior and atomic energy have yet to coi.fii rn Piesident Folds nomination ot Dr IiuiKrt Seamans, now president of the National Academy of Engineering as chairman of ERDA Nor could Virgil H D!('n vi e president of the W si. rn Region ef Am ik r, Oil Co sen cohesion in govern xnot inert energy echelons A veritable Gordian knot of energv nrohlems was pvnmmwl TiiursddV at a at the University of Utah Exerts kicked u'lt a lot of infor- It has been said, lie told the audience, that if tie ration had handled its national defense like it handled its energy problems, Cas'ro would have talen o.er America by now There was a more reassuring tone to the opening talk by Jack W Carlson, assistant se- - ret ary for energy and minerals, and director of Interior Secretary Rogeis C B Mullens Fnercy Policy Board It is typical of America to respond only when there is a crisis, the University of Utah history student said perceived the problem Whatever, the costs to recap and keep energy will be severe earlv r00 attended the sminar M.onsored by the Utah District Otfice of 'lie U S Department of Commerce, liah Power & Light Co., the Itah Manufacturers An , and me Salt Lake-AreChamber of Commerce. a Dr IIill once again warned as he had done years ago w hen he w as dean of the Us College of Mines and Mineral Industries that demand, expressed as a i apidly rising exponential curve, was on a collision course with the growth and av ailability of fuel one-tim- e And, he conceded, it is typical of government to respond with "too much too late " Goverment Responding But the government - responding he emphasized It has leased the federal o.l shale tracts in Colorado and Utah It w.ll do more oft shore leasing on the Gulf Coast It will issue leases on the now virgin Eastern Continental Shelf s It will with environmental now' fauly well understood -resume issuing coal leases m 1973 It has vastly increased the amount of Another Embargo I hope we can smarten up Quick an occurrence, he suggested, that might onlv lie forced by major blackouts or brownouts, or another Mideast oil embargo months as director ' of the Coal Research in Presiucnl Nixons first term. Dr. Hill . said that government still is at cross purposes in an energy policy. on his Office of Draw-m- , 15 eonse-Quence- M v C'y ekv iroi )in cocrvrion red dcHiv yitGj ftc N VotOHAQ IONO iX 2? ory-- U S Aib box-- . Ih jb o 5C 16 41 ud ooD h 5 - u fiO Muket tOD Pot efrolv1lc cjtlobe itb 0V lb (pDgvrrvf Ont 99 a Itnc sntT PlAtinom prjoocer :i90fKk40uJC oooier dpnruxurujte SI66 10 nominal oz i 4 jjh etoiih METALS PRECIOUS Tunuslon H rxjoer 10 10 ' h bj'rs metric o a nkiiVpt I Eai! n t s nl Pioject headquarteis he in Salt Lake City ad k fliers YORK (UP!' 2 OGunrts axJ texts rmc hO spot 2 NFA YORK (UPl) Dow Juvs cto nq r.v of a'eraiiis Low Chse Chg SIocks Open High I y. y. .1 s 599 50 6CU tt inds 5d 20 Tms 144 nl 145 23 JaC 75 U129 3 2 . 40 0 '9 ft" 74 15 Utils 65 9? 196 05 197 68 191 63 1.2 41 3 45 65 Stvs Transact tors m strrk user n avoraftes Ti'ir'Jay hirtostna s 12Sv)0n Transnor FACTlOf S (() indicates foliowing ttgjrg traclkh in 32vis (d indicates fonowng figure ts traction m 64ths (rl foiiowtnq figure Thoths. (s toUowme figure )28th (n indicates follow, fraettor n )6ttis traction is traction is Ai dn. fay Crt c xjO II 5 3Ju 492 in 'bPl. r ( i , j on Hx Cifivi' xJ H 97 74 , t, 4 4 jx the acve stocks mo s 1C .6 1417 A jfcl 3?9sA 119 8mB Apr SI, 000 00 pei A Ask, b 13 to 14 44 0 34 Pound F ovp 15 42 15 444ft 74 91 3j Li t j3 6 i i 4 !3 PH 43 4 m 74 II Dir P SU I 5 XI 66 90 6 53 67 41 33 19 33 39 33 20 34 34 46 Y 07 ? i to 4 1 8 4 9 tMoc 31 20 6 Phi 4 15 2 311 22 6? 8 J 4 A) 40 97 6 3 10 4) 80 80 16 6 to 10 84 14)9 19 73 3M t4 P 40d cc 8 Cp tnrO 4 1 - ?9 32 to XY2 Cp Xrox Zew.orp 9 B 4 47 8 MitrAjt Mvttakr 56 ft 23 w w VTrMOOt 2i ft 4 25 61 6 im Mvma Ps 4 136 ft 6U, ft ? 9 76 4 ?! n . Zavrv Corp XortitoiRad r (ft i 5 Mutual I'u mb It iAAOQ Did end asked prt on Mutual es IKt - KEYSTONE Pol York 4 New Of fuftt B Cust B2 to8l 17 59 16 50 18 08 Funds at emoted ov PAR EA5 Irdia Ruxe pmnts Thursday closed 170 to Sates 600 con r acts Low Ck)se prev Huh T 44 J7 50 tWtvmc .YJowin 8 VwftfhQ 194 lAtav 19m Lira Turkuy idtuus hgter CootYH IcO 7ft - 124 3D 4 23 1 11 13 46 80 96 5 . 4 2 4 73 407 259 9 Wak xen iV 2 5 01 X 3 4? 2 57 0150 3 42 Iran Rdi Iraq Dinar PUTUPES COPPER YOK fUH) NFW iSV 97 bVftWnW 162 tj r 71 V VktorCC Va Ekx 6 os 6 P4 ?b 240 Varlan 1 32 4 h 2Ni 720 Utah III Jtod 2 J6 UfahPL UV indust 2? 17 127 18 99 rtO 70 US Tnb 11 32 IS- - 80 23 2b 2 . 41H Umonn ft 24 IV jxl 3JS0 face value bug bid HKUtll 13 34 98 34 91 CoP 3kU6SkM : 88 S7 Standard A Poor s hourly mooxes tor Timrsday ttf h NX 5s 7o m 2U 2 1 33 8 Un.rovaipf 2 Lhd Ain:rt UM Brands UM PC Mn 60 US Gvo 5Re Md . 23v V 9 mge ot 0a 1 UnKto 4 134 lVxrV (lluxing 500 Stin k Index 2C (UPl) Noon p m the NASD inc in diesid Hong Run if Knot) HK Dollar Thursday Decenoer 5 janan Yen li.S. Tivasiir) CCr nnxed and higher ana AihIOmm! Lives! barrows and pils mostly 50 cenf3 hKJho', 3V lbs 041100 US 13 soar, um van shady to 2 rents kvtr on small 3 maoo 330033 0 lbs US supply Cattle 5 500 chone stfxvs and IhhVis a five 100 to 2 00 hiivr tfsxli-- f st x rs arid Ltew latwes wart loads anc end tos nx.lir u r x ttm axf rvoe'-deiIf fleshed 2810X50 3") 725 load ctioioe hpifers high nvxJeratny ib cafec Zfc 20 fkrahed and s 2526 50 hv Tuo-(lu f.. 100 slcmotiier teubs ,vxl ewe, Sheep tamos t fli lower furiy a. fix slaughter ewes steady Sla hhr iambs an ibs wth hw (hnirp ayj pt in slxvm frrts l ft) lauahtor wns ui to rihr Anci 3D poits I(m to 40 nom New Yotk Aijnon fcxciierxK Ct-- PO vOOi High gnod wnolod 1UD Mom rval Low Cine Prev JllFT (Jav PutVic to 95 tuPll Ml I xk veO LoU sais insuttiuent to nktrlel lo esa, Wednesday Cheese Bid to aniMtais S T 4 I I It af iCons Ut Idayir lit AVKons 14 c,oo x r rwwq N 4 500 at 35 ilv UiOOat 75 T ty mien tn nrcr 7 hc UPi ) 81 SIPGln to A 0x y.50 UP1 P i liocIshmi-- I Plres -- s 90 bK I 4 X) 10 20 7s 7 01 nO 07 I? U62b ftu 9'aG lorane 'vye fyr-w .Hik 23 18 2d 3 7 761 j 358 3 3 18 3 25 i 7 6 70 A 66 77 . jl 7 ,4 JO SOYBEAN OIL 3P 05 38 Dec 37 17 16 Jnry Mar Vyv i60 MtM 33 35 35 tO 5 34 X 3.' flO in Llearius t lft9 May Jty Auq 180 00 182 50 lap 10 lfUOO 182 00 1b5 50 irti 0 bid 4 161 1974 iftci.io Ol X) 79 ui 4 t 9 9 9 4 a 01 ry 75 Bti dN 00 )b nojii x '29 ? 18 4 28 a 39 ?! r3 '4 It II . 14 4 I) ? 2n d3 JO j5 J) 9 201 n in 18 1? 0 4 1m. H H 5 46 HarWv 6 48 9 & Ht5"trtVun VvH in ktttzr to k Pt ft PlV nut i Kiitoyr ktxno 24g 4 j A sk Bp ; . Budd Co ButovaW our. No Ear S ft T n j Ws J Biry rus E 19 7 27 61 I Al 18 30 70 70 50 79 o r 0d C w 1. i 7 4 6 44 nt r Tr Ih t.oniixi in huu r 4a Hawardj 13' x - In cdrtcrL 6 ? J6 1 'ti 6f RnckwNI RctomH Rohr d RuyelCC 2 RoyiD 4 CC camp S lumLanPac U 7 Camf 4 7f 61 2 64 71d S S ft ft uy ykus Sander As-- i gr jQ jr baremii b Jt)4 Sato 2 28 rvj ? Baanc te Tn 50 h 00 8 185 LTH COMMON TRUST TO 0(i t? 8 A & GRP ay LIVE BEEF rw Fet) 7n 4. 07 41 d7 42 to 42 80 42 d5 42 20 ft Ar 4V Jun 43 55 Auq CM r3 SO Clow 25 4 'to 4 20 4l fit 4? 0 i 41 ft 1 AON 4? YlN 41 ftN 42 ft 3? 10 30 t tl ft 00 41 4 r gi 41 JO 42 X ?t 4; B 4c 42 jO 41 3UN 20 42 2 4 Prev Close 2 412 4 Stt Li ft '6 'T 10 no Ti .7 4U Ts 41 42 m 42 108 TIS J 37 m ft ft 90A iR 2?Gi , 28 uua CuthCM w 2ft t ft 4 i, - 29 4 72 7 29 fl 12 10 i is 70 7 0 ?t 2 lw n At HP 2 ft bi 9 9U 9 3d 19, Corrxn Sat 8YI Con 3 Cm 'N( Lonsm Pw i ont. Ar i j 2u K 98 Gas CmwPd 230 Fqt 24 19 39 Cu Ttisri Con h L UtHts "W AS 4? 20 42 1. 43 ft 43 ft FEEDER CATTLE Mai Vnrcmt to Low 41 4t j(i Low CATTLE w cyyt Fd Eqty Fd 40x 41 80 42 tft 4o 0 4l JU Hi to t CivrtinlTpl Jjatji lad jft , UXTKj Bf (I 9 St ( iH.LPC Inti 2 J'7 lOfttmtol t , ft , JH 2li JeftPilol e M 16- Jewel - V 9 j i n A 4 41 10 10 141 0 ft , Du, 9 . 6 7 U Den-i- t '0l 4 10 (at wap a IU6 5 52 I 7i Dv4 Ilk.. JnnN lohnJk j Juni- 66 i. U 4 5 j 524 32 n. 8 a 44 ml 83 4l 43 20 0 Ui 0 6 30 K K 2 4 V b 6a 20 191 20 star Drq SlewAn U V Sun OH MXl(5tpf t p 4 4 10 OO Spw H F St Fd FIDELITY - udutai . 6 4 t st Fund n 7 So tom F Guard - 4 3- 2- 6 4 v j nr 14 t9 5 to 2 47 2 66 4 73 3 28 2 00 17 13 UNION SERVICE GROUP BM S to 8 46 9 J6 FUNDS UNITED 4 47 4 W A cum Bnd Fd 6 66 7 19 6 79 6 89 Cont qw Coot ItK 6 96 7 63 8 74 9 13 tncom 4 31 4 7? Sc tone 3 43 3 76 Vamjd 4 46 4 46 UM Sv'F U'vAA Ca Ssi s H4 VALUE LINE FOS 3 15 1 5 Val Inc 1 86 Vto SC 204 twrr SANDERS invent vs com Sued Vv"d 83 4 18 Weisty 6 33 4 54 86 4 94 Wstmn Wmirtr tl Ind 4 05 3 80 4 43 4 15 INVEST GROUP I x 2 ft 66 69 00 .' f h 6 70 60 lt)N AfU5 MILO it fc--'4 J0 67 O" w)l Jul A Ask bn 50 51) 60 90 62 40 U Bd 69 9 )0 m ft Al SOB 3mFftstern f a.i'4- IV I 3SIa j ' P ff s A M T- i1 mu m j 1 Co. . tkr t-- ' ML y ih stwsrtf C'lTJtC G rent h - nn irkvvNti intta, iT.le In nttof any 'rK NtfOim ( 6 HK A. 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W 4 9nFPftCo 17 2 I Ck E E s9 f)0 70A 61 1 A 60b Pn pi Pr pt DldneL 51 4? 1 38 M) ir in f err.s itrx , t . tohi V o p .6 f I1 0 Fuk! 1 ns v. 7111x1 lnFen 0 PM d'vn Pw up y Jcl hvVivVi S ft Ouivn Cotu 7Yh F Vtom 80 6 8 rr h s 2 0 Gi uiO my vt4 w Fn t x A jh 8 6 HVft 4v to 13 23 5 tc 7 10 7 '4 9 V 5 46 s ft 4 87 to 384 4tu 2 92 U46 5 7 76 7 80 10 90 759 8 to 9 06 9 90 5 15 I 58 73 ex dlviinnd unavai table 24 tf Aug 5 to 4 84 4 46 2 56 Vtoixj Gr 384 4 ?J Wai 51 or Mu f G WF' LtNOTON GROUP GRP. 3 Grwtn incom ROE FOS 13 to 13 9) fcxpor ly.T Wvgn Trust 3 G'wth $ S 6 05 t2 2 17 Se'ect Var Pay - 10 P M 255 HAMILTON 2 4Xj at N II to FINANCIAL PROGRAMS F n Dvn 2 6 2 48 Pin nd 4 ri Fin Inc 3 00 Gth FAm GHh ind 12 3tv IcA 3 11 18 lncme ?Si n 16 ft ) U try t A GROUP- Stautfr 55 9 J i N Alu 7 76 El W bouiUj dIO Oil Cdl SO W 90 ie 10 EATON 8 HOWARD Brtin rd U Sp Rang rnrai jo 4 y In juv ivry $iwtPS u r 38 8 6? 3 19 87 2 98 7 Uryf Lx ? 4 2 12 AM 90 SoerrvHuf 7 23 ii 16 C SoHa if i do Kail i bouittid u it . JoJtns M 40 20 0 3 k P In 3 4 lit D D b a 1oa inHatv 7 4 inti veiling H Int T&l 1)2 C v v id 6 It. x J J 9 h Jar t?ei ft 6 d 4 i jai Pd 9 3 1ft- 4 n r 16 99 6ft s Yy 1ft Pac Ga . ?4 2 2 yran tt fh 46 12 13 49 113 41 ft cca Borden Borg W Bs)sf fed v Bf 47 ??" 2 tsoseCa t V u 4 42 6 VI UnBoeng 14 2 rs At Steel il'tli B'arkLU 12 4 f7 Pn K tor Bm- - 'nd 40 2 FJs fit- - 9 r 16 17 i JO 18 Aug Aftk n 17 il HI Jlv SECURITIES 2 4d s STEIN jun Tltutsduy s quutulioni, X izGU G Tm Ih ?9 Cl& 13 in ' lolin KjOO 50 (u.l) ttoice ChlciQQ rango 41 JO tt JO 42 25 jun AVif Quotations from the NASD are r epressni-,nlnrMMl ttr ff JtoorOK imatly I D rr Interdejier markets changti throughout tn Pritc do not include markup day marKdown or commtv.ion . V bcMXt 24 to a I 8 6 . X 74oe Ophp Hnih BROILERS ICED V 00 8 3320 33o0 FU&Wf r6't 17 y 10v 23 it P dO 95 . 3 V. 4l 30 19 25 2a 29 2' Avornr - OREYFUS Exchange 3C P4U0 163 00 170 no CHICAGO 40 l0n Jan Wiv 16 ft 3o'5 lij-c- 37 86 27 i5 36 U AJ 0 T 357 36 j6A) MEAL SOYBEAN IV6 0 Dec n cartixis .arge VI 37 40 10 40 50 3d cS S, 05 34 .6 32 60 20 35 40 34 5 jit nwket to Ch Bid y , vl 2 3 7 B 70 15 z da Thuisuuv Quotations s1 XI 2 7 WKJrwiuy sBdhk Del b Same Day Lo tYtw Vili33 88 Bt 58ft looav s Clearings 276 TJf LddYuir lip 18 3 20 3 26 3 80' 3 81 3 62 3 23 3 46 i 76 91 t0 40 KS 8u 1W B 104 FOGS Z to DSC'A' pa d delivered ir to dot vcrxli mudi "is (W Ii6 0 WestGoo WoriCom sales rsrkt ui v.Viin Tin IMPkrtv 4 Dec 3.6 360 . 3 3 3 3 5 3 60 2 7 76 letrans ml XT 3 3 75 3 "7 3 4 6l 3 M 3 25 y Thursday Pruuuce proressed loaf Oiwlrtar 8600970 f CHICAGO OY Ot Jty Sto 77, 3y 3 76 ; 3 i rtrir. a 3 7? SOYBEANS grac Ak O NVr May Mar 10 10 Frinre T 3 Over die (.oimter VFretrt Save Stixix SoNfatxl coliec'ions on Dec Hjfw'iyx oO 7C nnohoms e; o? In hlxks 8g25 ?zd bwlss i quotations P bt CHICAGO V , ? 9 Produce Marki lrlianr InkTiuoimtain SlKk ck . I 7 DC fUfS trade art. ye twrtw'- aivd gifts 0 to 75 renr Ngrrr w th instanres Ih 40 75 Of IX higher No 12 & W 25 4U u40 No 3 200 260 lb No 00 34 335 lb F'tdav s estunatud rpreipts TOO cattle tyy- -. l 0CC 1 X VPAR Internal were soj4 10 5 or aiwoutits Dh S 10 I! i 4a Hi tyjrawa5 Withdray ai Duws " Cish bat we 3000 slow lhJ n' r ye 37 nearest million THIS CHI' KANSAS Thursday i. W Tmwjrv tn hie t to the Livtloek st tuF u U'PII WASHINC.TCN t 0 Sts 5 IS II Grease Wool B Uhl 15 r ii NEW YORK SILVER and Mandv silver at (4 ?Fo from cents VYM V' (k - Staiulanl markets wore h 3hcr V ngtir TMnd U U Jrvam Jn Gxn 62 22 2 4 Wool Markel hi Press International Im leading Sl(Kk.s prices and net Thursday TOO Rup Peso PiHlippines luhst ,nti jdii By United 0 43 2r, 14 J in UAL Ire Uarvu a 57d 2 TP J FUTURES Ort 56 y Un fcec ZTiUniXal Pin Un Pat 5 Unroval PkiMin hid vJulsidt Ar 8 U0 0 38 46 v htulxn at hx close ol Trado . Lt on ttw Li k two w us unclkit yed to uo 2 cat s v'.hi rm-lo 3. txits up 3 i to Off ut 0 d iu.U. irs uu 6 tc 9 St ort covering droe ririy lTfHS hiatXH rtin.S' lilt; budfu, uvl ill lit there was ot sqnix ant news x profit las iiQ aixf C(tsiderafln tyxv n tr t k (omrnerttal houses, and u vitMion hi tn vvhit Wpt prices rxnori Ixmiv m tion but opt inru aiJ n it an i yix iik beppfiti n sitalfiy Irtxn a bom v in of COU p k nq L 0 ii 10 10 U 10 Indus um. (u'aut a"' wivns cr n 4 60 il a. 78 74 K I3ft Plat rum closed potnis hKjber Saes tt .ts PLATINUM HARMAN (UPl' quoted Cng W Wk 2nd eW York to ?Xi and setters 1H0 oetre buwrs t forward 00 pence higher with ouerx W7 00 and sr lers 198 00 peixe per bales 152 lots Iruy ounce ip Ctose D'Y IC 21 190 50 utwe Bends X J S dv?s cki&mg YORK AP) Sir tradrd on the New York Slock Exchange N.w iP i TranUn 4m Tran- - W 3 13 14 24 W nv 2 N)a "'ransam S 2d -- n W setters 337 pounds per tort tor With buyers 33s w vd 5 pounds lnyher bates and seixrs 3j6 pounds per i o5 ton boot stiver 2 jO peKe hthot wttti bu 3 185 80 pence e's 185 00 atxJ 2 30 pence h'Ohur wnh nonms forward H 11 48 3yv HANDY AND YORK NFA inn3D 'Tfurylav 45 Twin , TrwtfTo 24 Vm I0 17 th buyers w , 35 14 . 13 4 ts in m 4 nner pounds e 4'rau;rt. n- foreign pm approved hy the CAB. the plans would mark the first broad reduction of air lares since the Arab oil embargo touched off a round of increases that raised fares If cul-tat- 1 Both plans would require passengers to buy their tickets a minimum of seven days Indore they plan to fly. And both would require a minimum stay at the destination of seven days and a maximum stay of 30 days. 4tTwCF I kvv-,u- $20, 000 30,000. pel cent si, ice Iasi Dec. 2(1 H) e with buvers per ton for hwt pound- roud trip tickets under certain conditions. United Airhnes, the largest domestic air carrier, filed its in (mi Aeronau on Thursday Trans Woild Airlines said it would file Friday Ins Board U.T'rfai tWver with buyers ?17 sellers 28 pounds per ton Sa'es I will field theyre all ea tons ano A oihc has been established Vernal X pounds h wher iti buyers setters 3ij0 oourwis per ron yvsard 10 nnundj hqier wih Oivcrs se Fys 30 7f tufvis per ton jfkx 1 fliv Npot t0 I wo ol the nation's major ai 'hues have proposed discount fares that would save adults up to 25 percent of normal air tiavel costs on mental i.haus cooidimitor. L Litthuood, and Me-Sihio. community development manager but plan with the Associated Pi ess Bv houses Preparing Cut Kate Jet Fares 2 Airlines oi .1 1 s will be E Ponov. Phillips man iger ol cnguuH. mm Soluo. environ Rocs Mad-e- n 572 XS spot titi .0 ano wird Sun Oil Other Chaik-- "Sure, weve got lots of 1 Bain II if sey oi Mr. Ramsey 1 y 4 6Ur as Wln'e The River Shale will ?Pro)ci.t y $le (incited taceo snare tuts and CJyt figure NFW end sellers 573 ,xx nets tGTArd 2 pounds ers 594 wth higher buyers 53 nd ales t 5o t'xvj xxjrxts uer Fn 4 pounds hiotw wrtn pttvxVs 'id ixvm-per pounds jh' nd se wi torrd 3 potvds bwher wdti buyers 5b4 and sellers 5o5 pounds per ion Suo i ii j Utah ONDON Soot copper w re (UPI) hx LtAr4d five second ori session 2 'A fiiK oound fcxctvroe TfursckAy wtti s L, A bars hghvf shji' 011 1, tv jiu ou never have to huv stocks but tin re aie ii am tunes you have to sell thur " said 55 he n the ol Ea.hnestoik A ( o John selh is come in. tlmv just have to aiupt a lowei prim Some analysts blamed the vvealne.s mainly on the report from the I mnmerce Depaiiment that the nation s 1 ail sales Iasi h percent fiom the week tell vv eek dovclopimoi V11 n 4 stjck tgt annual rate pms stock divKxvj lates d voaeia onvirxxJ th) pao ttxt year u percent m siocx tk percent m Atock pax Wist year iqi m banuruptcy recover ship or r.vorganuat.an (s) capaaf distnDuhTV (xi exdividond, (wi) whan issued U warrants Foreign IXchanjjt' lb 00C thought the decline Thurs al Ioi a situation ot lelativelv hcht tiadn.g and no economic news to halt wb.it thi y feel was a det't enmg rerossmn undei taking ioi Inc - amlvsts Some Oav was ' joint - to 3JJ (m3 the AmriCwH Decline Ty pieal Soluo IMiub'uni (. vi , Sun DiCo and Iliillms li oleum to Tlmisdav the formation of a r- 1 7SS 1 i! counter market fell again the over-th- e inr the fourth session Thi AMEX market value index dropped 11 to Ml 2ti. Declining issues led advances 107 to lid while .W issues were unchanged unchanged slices mill i in Oil ve anrkoei ixnes. onerwie loentdtod a fet oavmen cr piitserra (b'oad as year dia-ed or paid id aLuumj ated Itviderids so tar tn s war no regular rax? vouwrpus cent oor 98 8 inmnnuni n,rj VO 15 mxrt lb Zinc prune western OS J800 Processing A rccs find m of fist 7o was year-.o- is sJAh0r?nrm 76 lh tlak pT) mot dehverv jj0 !l to Qncksflvr I in NY Finite Uiiilc On Shale ' J. issues trade H m the .New 5 .a k Sun k Exchange Lose Ground Mi but tune members ot Hie .fleet I low eioup ot industrials lost ground lhuisd.iy, with International Paper sorting the pae In .bopping?1 to 32M Other losers among 'he JO industrials weie Eastman SOs Rot Inuk oft ?'s to 4'. Kodas oil Ui to HO s, Dl Pont oR In to Mi ls aud Alcoa, down Im to ?fi Big Board volume rose slightly to 12 1' 12 is m Dion shares liom Wednesdays 7 Page 1 Deiln.is siupijx'd adanecs among the D n 00 txnix3 . m wtwun are tn tmi DIVIDENDS Ait vtias n nurioreos hvr ftvose Oe,Qaitf 1 loww U uo eroma,Tt bcxxfc Slightly higher in ftKm ve trwing n sow Stocss L0wer Amnicap tradrvj Storks ShOtaiv hulvr Lo Cot Hi Futures Luwor Cr cIoski of a n fut res Whea o unchnued to up 2 cems com up 34 oris up 3 . to od I 4, atxJ soytmans up 6 to 9 to insutf oenl ryy Vtts La! Bonds 100 uj nvvrVM (wrs x- ZUrflUH 1J 25 up 3 25 hF9 Yt)RK Hmdy and Harmsn norm 17H 7i uo sen laortcaird jo M 79 00 sell ucllion up 4 25 Potl kvrs stcurxkiry US na pnrvry 24 Sfr lb 99 9 por cent pu e VcJKOfNje 11 '5 ItxilQ Atenvxxt txif0 S I I fHK.es Ttiorsoav cj1 rtotn c'-- bulk ft YCPh H) H xx ic orrxjurers rtftJUlDT NFA 00c lb 3h gtyixt at Vcxks GCcD prwix. 9z$ per cot txmvsljc Larwlo Texas ob ti UPt rima-- v iws hi) lb mtyny re b a itkit jr. 'vtt i YlK A u kMHtets CJPU ciyc on Tfufad y lowr m s.ow tradiiig YLPK Nf A Friday Morning, December fi, 1974 t The New York Slock Exchange: Final Quotations Markets in Brief .Metal Market: when a m w os. Vrdivhed O. t - -- Man has the mind to come up with hc answers when he sees the problem But he was not at all sure man has yet 1 Vbrtr! Uiius. geothermal lands m Itah The energy cnsi.s arrived when tre Arab natiors embargoed oil in 1971s .Mideast war It worsened on Christmas when the Oipanizatioii of Petroleum Exporting ( ountries lormod the cartel that quudiuplc-the pi we of Mideast oil te the consuming nations The impact on tt e U S to date equals about the loss of $.0 billion yearly m output, and figuies as about four percent of the current annual inflation i ate, he said It means a yearly loss of about W' in goods and sen ices to each American roughly equivalent to a lunch a day. he said At best the nation Was faced with zero growth be fore the OPEC move die emphasis'd that the crisis had been nations hiegered by the and not the oil industry i Now the nation faces the real possibility of recession Thanks to its relative sell sutli ciencv, however, the U S is m a better position than nor. sufficient oil consuming countries such as Britain, Germany, Italy and Japan Recover F unds Nor do those countries have the to recover means as docs the U S. their dram of funds to OPEC. The U S is row marshaling loans to these nidus tnaiied and developing countries to piotect them to the time when OPEC cuts its oil prices In a historical perspective, cartels do not long endure, he said The consumer victim looks for substitutes and alternative sources already manifest in the discovery of new oil re semes outside of OPEC. and Abrasions within the cartel there are such within OPEC tail lead to its destruction. F.nergv Policy Morte Gordon, vice president and rescan h director of the Dreyfus Corp , said that the decline m retail Saks "simply drove another nr.i! into the crcpc hanging sentiment f 4k w bi.F " izi ui is. IHui nil tn.rdori not i cl that the market . rfairuna ' h,ng sei ioi. sly tested by "the flood of new s of hie declme in the pace of economic activity S-- decline in retail sales all led recession worries of mveslors Tftursciav as the stoi k market plnnced lower m s'uggish trading ho Dow Jones average ot 30 industrials nn-- j ped il as n. V.7 03, it ii.Wts. . lo.e .uic yiisinrss .g only recently energy policy has been parceled out among A) conflicting fedora! agencies, he said Congressional response to the energy i ns is he said, has been only to look for 'apt goats and not to seek causes 'A a It is expanding geo'hermai lea-.iprincipally m t ahtornia And, it uni, witnin IS months, begin leasing oi I ntil lie ices New lavoft ann..ui.n NEW YORK ments a rise m unemployment benefits, ar.d geothermal . Dr George W u, Hr, Woody Hill, director of the Fossil Fuels Department of the Elect: ic Dower Research Institute, Palo Alto. Calif . summed it up , Come Up With Answers Ti.oiii.e funds to do research in exotic alternative er.eigv soul ees wino solar, tide, d Dt elupuic.il Research Energy agv- - |
