ITT affair dominates Capitol stage amid price talks
ITT remains central as Senate Judiciary Committee probes the Justice Department settlement of three antitrust suits. The panel weighs ties to ITT developments and a subsidiary’s underwritten costs for the Republican National Convention. Meanwhile NYSE rules spur insurers' entry by brokers. IRS probes 11 large food chains for excess profits during Phase 2 of Nixon program.
MENTIONED IN THIS ARTICLE
NEW York
International Telephone and Telegraph Co
ITT
Senate Judiciary Committee
Justice Department
Richard G. Kleindienst
Kleindienst
The
Wall Street Journal
Department
ITT Development Corp
Levitt & Sons
New York Stock Exchange
SEC
Stuart Greenberg
DuPont Flore Forgan
NYSE
Board of Governors
Donald Rumsfeld
Cost of Living Council
Internal Revenue Service
Government probes food costs and middleman roles this week
AP Farm Writer DON KENDALL says officials will study price spreads farm value market basket and middleman to understand how consumer dollars are allocated in food costs.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
Machinery Clinic To Visit In Area
A 3M Company sponsored traveling machinery clinic will visit Greensboro on April 12 and 13, as part of a 40 city U S tour. The event at Holiday Inn South will display abrasive belt, disc, flap wheel and diamond disk techniques for metal cutting and finishing to save costs. Information and demonstrations target engineers, supervisors and plant personnel.
MENTIONED IN THIS ARTICLE
Greensboro
N.C
U. S
Piedmont Area
Holiday Inn - South
U.S
St. Paul
Minn
Farm share of food dollar through 1960s trends
The report, sourced from the Associated Press, tracks interdealer prices and farm versus middleman shares in the consumer food dollar. It notes 1952 market-basket value at 985 with farmers earning 463 and middlemen 522, a 47 cent farm share, and a decline to 39 cents by 1959. 1960s figures show basket costs rising to 1 244 in 1971 while farmers earned 393 and middlemen 603.
MENTIONED IN THIS ARTICLE
The
Agriculture Department
USDA
Market Rises as Stocks Hit 1972 Highs
The market broke a six week pattern of indecision with both indexes climbing to new 1972 highs. The AP 60-stock average closed at 344.5, up 9.1 from 335.4. the Dow Jones industrial average rose to 962.60, up 21.9 from 940.7.
Goff Named Production Manager at Myrtle Desk Company
Robert F. Goff of High Point is appointed production manager for Myrtle Desk's office and library furniture divisions after the vacancy since February. He previously led manufacturing at Globe division of Burlington House Furniture and has a background in industrial engineering and textile technology. The announcement sets the date for a related workshop on campus in Winston-Salem from April 27 to May 12.
MENTIONED IN THIS ARTICLE
T. R. Pitts
Myrtle Desk Company
Robert F. Goff
High Point
Myrtle Desk
Goff
Globe
Burlington House Furniture
Baumritter Corp
Superi
Southern Furniture Manufacturers Association
High Point Kiwanis Club
Elks Club
Forest Hills Presbyterian Church
Martha
Malibu Dr
Winston-Salem
Hyman Names John A. Hyman Director of Marketing at National Furniture
Hyman, president of Bassett Furniture Industries, announces John A. Hyman as director of marketing for National Furniture Co. in Mount Airy. National Furniture, a newly acquired Bassett subsidiary, makes bedroom and occasional furniture for exclusive outlets. Previously, Hyman worked at Thomasville Furniture Industries since 1968 in various marketing roles and was sales manager for Founder's from 1957 to 1963.
MENTIONED IN THIS ARTICLE
Robert H. Spilman
Bassett Furniture Industries, Inc
John A. Hyman
National Furniture Co
Mount Airy
National Furniture
National
Hyman
Thomasville Furniture Industries
Founder's Furniture
John Davis II
Tax Yield Reaches Record State and Local Collections
State and local tax receipts exceed 100 billion for the first time in 1971 as Commerce Clearing House reports a 10 percent year rise to 100.7 billion. State income taxes up 14 percent to 12.7 billion, sales taxes up 11.6 percent to 19.0 billion, while corporate net income tax falls 5.2 percent.
MENTIONED IN THIS ARTICLE
Commerce Clearing House
CCH
Census Bureau
District of Columbia
California
District
Hawaii
Illinois
Iowa
Missouri
Pennsylvania
South Dakota
Washington
Speaker C. E. Barnes to address High Point club
Barnes C E Barnes manager of claims for Burlington Industries will speak at the High Point Traffic and Transportation Club meeting on April 11. His topic Total Distribution Quality Control targets furniture manufacturers and argues most damage claims from normal transport hazards can be eliminated by proper packaging.
MENTIONED IN THIS ARTICLE
C. E. Barnes
Burlington Industries
High Point Traffic & Transportation Club
Holiday Inn
W. Green Drive
Barnes
Roselon Industries names Roy Luckenbach to Southern Sales post
Roselon Industries announces the appointment of Roy Luckenbach as vice president in charge of Southern Sales. Luckenbach previously served as vice president in charge of Quality Control and research and development for Burling.
MENTIONED IN THIS ARTICLE
Roselon Industries
Roy Luckenbach
Southern Sales
Luckenbach
Burling
Wake Forest MBA School repeats OSHA workshop
Wake Forest University graduate school of management will run a repeat workshop on the Occupational Safety and Health Act of 1970. The session drew more than 55 participants previously and aims to help those responsible for compliance with the act's broad safety and health regulations. Dr. Frank J. Schilagi, director of executive programs, commented on the program's continuation.
MENTIONED IN THIS ARTICLE
Graduate School of Management
Wake Forest University
Winston-Salem
Frank J. Schilagi
Also Mentioned on This Page
Miles A. Smith
Ap Business
Department of Justice
Ohio
Brown
Itt-Hartford
House Agriculture
Graham Purcell
D-Tex
Price Commission
Agriculture
Earl L. Butz
Associated Press
Atlanta Gas Light
Barber Greene
Carmine Foods Brush
Nia
Carolina P&l
PFC
Carolina Wise
Central Car Bank
Central Vermont
Champ Parts Rebuilders 2A
Colonial Stars
Conner
Durham Life
el Paso Electric
Equitable Leasing
Food Town
Garfinckel Brooks Ars
Georgia Internationi
Hoover Company Joslyn Mfg
Kenan Transport
Kewaunee Scientific
Knape & Vogt Mig 3S Lance, Inc
Lowes Companies
Macks
Methode Electronics
Occidental Life
Peoples Bank & Trust
Piedmont Aviation
Sugardale
Tri South
United Carolina Banks
Vermont American
Farmers New World
eThur
Jefmam
DOW Jones
Jfmami
Greensboro Y.W.C
Lee Institute of the Ywca
N. Davie St
Tom Sawyer
LEE Institute
George P. Clark
C.S.A
Hayden Place
L. B. Godshal
Ray Hubbard
Ton Sox
AATCC
Atlantic City
NAHM
North Carolina State
E. I. duPont
Asheboro
PTA
Charles McCrary School
Butler Aviation Gw
Reynolds Securities Inc
NEW York Stock Exchange, Inc
N. C
RAMCO
Safety Act
W. High St
Dan Cruthis
English RD
Corner Elm St
Saginaw Furniture Shops
S. Wheeler St
Saginaw
Michigan
Rough Mill Department
Plywood & Veneer Department
Wemhower
Koch-Deburgh
FLAX
Andrews CO
Norman Levy & Co. Inc
W. Monroe ST
Chicago
Ill
Cleveland
OMIO
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