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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Apr 08, 1973

Page

3

Dramatic but Probably Ineffective Consumer Boycott

Consumers boycott meat to protest rising prices, cutting sales but not prices. Government reports show wholesale price index rising 2.2 percent in March, the steepest since January 1951, with farm products and processed foods posting the largest increases. Major chains cut meat prices while Equity Funding of America faces bankruptcy after SEC accusations of fraud and asset shortfalls reveal gaps in backing for Illinois policies.

New York White House A&p Grand Union Equity Funding of America Securities and Exchange Commission Equity SEC Equity Funding Life Insurance Co Ilinois Illinois

Surge in Stocks Sparks Spring Rally Amid Window Dressing

Trade Winds Mart notes late March price gains driven by institutional window dressing rather than bargain hunting. Investors expect a spring rally, aided by quarterly corporate meetings and Nixon’s March 29 broadcast, but caution remains about sustainability amid inflation worries and potential recession.

Lou Schneider Worth Y Hristrian Alliance New York Pension Funds Mutual Funds Dow Jones Nixon New York Stock Exchange American Stock Exchange Morgan Guaranty Trust Trust

Farm price rollback plan could hit farmers hard

Congress price control debate centers on retail and wholesale rules but Rep. Frank Annunzio proposed rolling back prices to May 1 1972, potentially cutting cattle and hog prices by about 25 percent from peaks. If enacted, farm levels could feel a chain reaction through beef and pork markets, though retail rollbacks would affect consumers more directly. Omaha steers recently topped $45 per hundredweight in late March while May 1972 averages were around $35. hogs in midwest markets near $25 in May last year and about $32.25 in January.

Washington Congress Frank Annunzio D-l House Banking Committee Nixon Annunzio Agriculture Department Omaha Midwest

Regional awards honor Athey ad for 7 11 Force Feed Loader

The Greater Knoxville Ad Club awarded Athey Products Corp. the Silver Award in the regional ad competition for full page trade magazine ads. Hogan-Rose & Co. designed the award winning campaign promoting year round versatility of the 7 11 Force Feed Loader in several national and regional publications. Thal Timer Brothers reports 1972 sales at 74,023,796, up 10.4 from 1971, with earnings of 2,850,165 and pretax earnings of 5,341,164. Alderman Studios photographs White House settings for Teleflora’s Spirit magazine, with Don Hulin, John Stanton, and Betsy Hardin on the team. West High Point Club to hear ICC official Archie W. Andrews on April 10 at Holiday Inn. Thomas P. Bobo promoted to division VP of greige manufacturing at Klopman Division, Burlington Industries, succeeding the late QO.

Athey Products Corp Greater Hogan-Rose & Co Knoxville Tennessee High Point Thal Timer Brothers, Inc Raleigh Eastgate Richmond Teleflora Alderman Don Hulin John Stanton Betsy Hardin Thomas P. Bobo Asheboro Greige Manufacturing Klopman Burlington Industries QO. K

Market Down As Dow Falls And Rates Weigh On Markets

The stock market declined last week with the Dow closing at 951.01 on Friday, down 19.94 from the prior week while the Associated Press average slipped to 306.7. Analysts cited investor disappointment over government anti inflation as a factor, with a Friday up swing blamed on bargain hunters.

Associated Press

Also Mentioned on This Page

Herbert Stein Council of Economic Advisers House Banking American Meat Institute Chicago Grand Union Co Mart Surge Isuurer Wonaios Arsedwal Snou West High St Interstate Corp Yanone Atlantic Pepsi Cola Auto Train Liberty Bank & Trust Bancshares of NC Life Assurance of Care A Bank of Granite Little Mint Bankers Trust of SC Ncnb Corp Bluefield Supply Vws Branch Bank & Trust Northwest Fin. Corp Brenner Inds CMC Finance Oakwood Homes Ala Cameron Brown Cameron Financial Cannon Mills Peoples Bank of Rocky Mf Carolando Com Carolando Phillips Foscue Carmine Foods Piedmont Aviation Bia Carolina Caribbean Piedmont Real Estate Carolina Cas Planters Bank Rocky Mt Carolina P&l Provident Financial Caro State Bank Public Service of NC Carolina Steel Carolina Wise Salem Carpet Wea Charter Co PFC Sam Soloman Chatham Mfg Savannah Foods al C&s Corp Sea Pines Wa Coca-Cola Co Security Finance Corp Cochrane Furniture Colonial Life Shoneys Big Boy Sonoco Products Colonial Stores Televent Leasing Ayua Environmental Control An Textiles, Inc Equitable Leasing Sea Hone Thalhimer Bros Farmers New World Life Fidelity Corp Transport Data Commun First Mort N.C Catawba Tri-South Mort Triangle Brick Turner Communications Franklin Lite Unifi Inc Garfinckel Brooks United Corp Timothy R. Yates Robert McCuiston Cl.a. Integon S. Hamilton St Alderman Studios Ray Hubbard Washington, D. C President’s Office Oval Room Lincoln Library Traffic Club High Point Traffic & Transportation Club Interstate Commerce Commission Archie W. Andrews Andrews I.C.C Mr. Andrews Holiday Inn West John Kenney Milford Payne McCartney Bobo Bristol Newton Tarboro Mooresville N. C Shannon, Ga Johnson City Mountain City Bales Thomasville Joseph W. Bales Sr Lake Dr New Orleans John Hancock Mutual Life Insurance Co Greensboro General Agency University of North Carolina, Chapel Hill John Hancock Greensboro Emerywood Forest Manor Gatehouse Drive Wickliff Mendenhall-Moore Realtors Federal Reserve Bank of Richmond Fifth Federal Reserve District Hamil Fred P. Newby BEDE Mayflower Granville Moving Ton St Steve Poster Mgr Craig Newby West Broad Avenue Donald W. Conrad Realtors Insurors W. Broad Ave Pete Schultheiss Metropolitan Life United States Canada Bill S. Wrenn St New York, N.Y Chartered Life CLU American College of Life Underwriters Bryn Mawr Pennsylvania THE American Society OF Chartered Life Underwriters David W. Adams Roland W. Albertson N. Calhoun Anderson J. Leslie Andrews Robert L. Carlson John A. Cocklereece Clu George P. Clark Grover H. Cole Clu John Czarnecki Delbert R. Kirkman Edwin R. Lyon, Jr Robert McCuisten Clu Paul Owen Clu Bob L.parrish Clu Pete CE. Schuitheiss Clu Jack W. Smith Clu W.C. White
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