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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jul 25, 1973
Page
8
In Decatur shoppers rush to buy non perishables and canned vegetables by the case amid Phase 4 price changes. Officials report higher costs for pork poultry and eggs while beef remains frozen until September. Farmers cite flood-related crop losses and looming shortages.
Furniture dealer Paul Robinson buys the Shelton building on 2nd Ave SE and plans to move Robinson's used furniture to the site while the current store is cleared for urban renewal. Heritage House Antiques opens on 6th Ave SE near Church's Fried Chicken offering early American furniture. The Kroger unit criticizes President Nixon's Phase Four while reporting June sales at Sterchi's reach a record high.
Monsanto Textiles Co announced multiple promotions at its facilities and headquarters. G M Bud Haslam became budget and forecast manager in St Louis reporting to J R McGregor. Modi was elevated to senior engineer in the textile technology department. Turney advanced to cost accounting supervisor at the Decatur plant.
In Decatur and across the Tennessee Valley shoppers stock up as prices may rise and meat counters appear tight. A local assistant head cashier notes broad grocery buying while canning supplies stay in demand for seasonal needs. A Tennessean bought 34 pounds of bacon in three days as a Dallas market enforces a three pound ground beef limit.
New York AP reports rising rates create a bonanza for savers including Treasury bill buyers. Bills pay about 8 percent, come in $10,000 to $1 million denominations, with 3 to 12 month maturities. Purchases by tender through Federal Reserve Banks or brokers, with weekly auctions for 3 and 6 month bills and monthly auctions after the 20th for 12 month bills.
The group voted to prohibit solicitations by non retail firms and organizations including handbills registrations and donation seekers. It will expand its annual charity fair to give all groups a chance to greet shoppers. The association meets on the third Thursday of each month.
South Carolina advances a high tech job drive with a state funded training program and a computer system to match industrial needs. Director Bonner Manly promotes low taxes and a nonunion climate while targeting foreign investment and Japanese firms. The state highlights rising investment, higher per capita income, and lower unemployment, yet notes wage gaps and uneven site selection between Piedmont and low country.
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