ITT probes and market shifts dominate week of hearings
The Senate Judiciary Committee examined the ITT antitrust settlements tied to Levitt & Sons and ITT Development amid broader market moves. NYSE insurers await rules, while brokerage firms plan to sell insurance. The Cost of Living Council cites IRS probes into excess profits at 11 large food chains during Phase 2 of the 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
Department of Justice
SEC
Ohio
Brown
Itt-Hartford
New York Stock Exchange
Stuart Greenberg
DuPont Flore Forgan
NYSE
Board of Governors
Donald Rumsfeld
Cost of Living Council
Internal Revenue Service
Nixon
Government to study farm costs and middleman profits
AP Farm Writer Don Kendall reports Washington efforts this week will examine price spreads farm value market basket and middleman profits as part of a government look at food costs and where consumer dollars go.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
House Agriculture
Graham Purcell
D-Tex
Price Commission
Agriculture Department
U.S
USDA
Machinery Clinic To Visit In Area In Greensboro
A traveling 3M Company sponsored machinery clinic visits Greensboro on April 12 and 13 as part of a 40 city U.S. tour. The event at Holiday Inn South will show abrasive belt metal cutting and finishing with demonstrations of grinders deburrers and related tools. Industry personnel can bring metal parts to view solutions and cost savings.
MENTIONED IN THIS ARTICLE
Greensboro
N.C
U.S
Piedmont Area
Holiday Inn - South
U.S. 220
I-40
St. Paul
Minn
Farm share of food dollar through 1960s
The article tracks the farmer’s share of the consumer food dollar from 1952 to 1971. It notes a rise in market-basket values and widening farm-retail spreads, with farmers earning 47 to 39 cents of each dollar while middlemen took the rest in several years. It cites USDA records and Korean War era figures.
MENTIONED IN THIS ARTICLE
USDA
Market Breaks Out As Stocks Hit 1972 Highs
The market rose this week breaking a six week pattern of indecision. The AP 60 stock average closed at 344.5 Friday up 9.1 from last week. The Dow Jones 30 climbed to 962.60, up 21.9 from the prior week.
Goff Named Production Manager at Myrtle Desk Company
Robert F. Goff of High Point is appointed production manager for Myrtle Desk Company's office and library furniture divisions succeeding the late L. B. Godshal. Goff has led manufacturing at Globe division of Burlington House Furniture, previously held roles with Baumritter Corp, and earned a degree in furniture manufacturing and management from N C State University. He is active in the American Institute of Industrial Engineers and Southern Furniture Manufacturers Association and resides with his wife Martha at 3637 Malibu Drive, High Point.
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
Luckenbach
Asheboro
PTA
Charles McCrary School
High Point Club to Hear Packaging Expert on April 11
C E Barnes, manager of claims for Burlington Industries, will speak at the High Point Traffic and Transportation Club meeting on April 11 at 6 30 p m at Holiday Inn l 8 and W Green Drive. He will discuss total distribution quality control and proper packaging to eliminate claims for furniture damaged in transit.
MENTIONED IN THIS ARTICLE
C. E. Barnes
Burlington Industries
High Point Traffic & Transportation Club
Holiday Inn
L- 8
W. Green Drive
Barnes
Tax Yield Reaches Record 100 Billion for 1971
State and local tax collections topped 100 billion for the first time in the calendar year 1971 as per Commerce Clearing House. Total receipts rose 10 percent to 100.7 billion, with state taxes at 54.1 billion and local taxes at 46.6 billion. Individual state income taxes climbed 14 percent to 12.7 billion while corporate net income fell 5.2 percent to 3.4 billion. Sales taxes increased 11.6 percent to 19.0 billion.
MENTIONED IN THIS ARTICLE
Commerce Clearing House
CCH
Census Bureau
District of Columbia
California
District
Hawaii
Illinois
Iowa
Missouri
Pennsylvania
South Dakota
Washington
Roselon Industries names Roy Luckenbach VP Southern Sales
Roselon Industries announced 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 plans repeat workshop on Safety Act compliance
The Wake Forest University Graduate School of Management will repeat its Occupational Safety and Health Act workshop after a prior session in late winter drew more than 55 participants. Dr. Frank J. Schilagi, director of executive programs, notes continued interest in federal safety and health regulation compliance.
MENTIONED IN THIS ARTICLE
Graduate School of Management
Wake Forest University
Winston-Salem
Frank J. Schilagi
Hyman names director of marketing for National Furniture Co
Hyman announces John A. Hyman will serve as director of marketing for National Furniture Co Mount Airy a newly formed subsidiary of Bassett Furniture Industries National Furniture produces bedroom and occasional furniture sold in exclusive outlets Hyman previously held marketing roles at Thomasville Furniture Industries since 1968 and was sales manager for Founder's from 1957 to 1963.
MENTIONED IN THIS ARTICLE
John Davis
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
Also Mentioned on This Page
Agriculture
Earl L. Butz
Associated Press
NASD
Barber Greene Atlanta
Carmine Foods
Carolina P&l
Carolina Wise
Central Vermont
Champ Parts Rebuilders
Colonial Stors
PFC
Conner Homes
Durham Life
el Paso Electric Seers Equitable Leasing
Food Town
Garfinckel Brooks Brs
Georgia Internationi
Hoover Company
Joslyn Mig
Kenan Transport
Kewaunee Scientific
Knape & Vogt Mig Lance, Inc
Lowes Companies
Macks
Methode Electronics
Occidental
Peoples Bank & Trust
Piedmont Aviation Nw
Nat'l
Sugardale
Qs Textiles
Trans Gas
Tri South
United Carolina Banks
Ee Jasono
DOW Jones
JFMAI
Mon Wues Wedthur Frs
Greensboro Y.W.C.A
Lee Institute
YWCA
N. Davie Sr
Tom Sawyer
L. B. Godshal
S By
Ray Hubbarde
Ion Sox
AATCC
Atlantic City
NAHM
North Carolina State
E. I. duPont
Butler Aviation Gue
Reynolds Securities Inc
NEW York Stock Exchange, Inc
N. C
George P. Clark
C.S.A
Hayden Place
RAMCO
Safety Act
W. High St
Dan Cruthis
English RD
Corner Elm St
Saginaw Furniture Shops
S. Wheeler St
Saginaw
Michigan
Machine Mill
Plywood & Veneer Department
Wemhoner
Koch-Deburgh
Drews
Norman Levy & Co. Inc
W. Monroe ST
Chicago
Ill
ELBG
Cleveland
Owio
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