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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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