Week In Business Economic Upturn Seen In Latest Statistics
New York AP report notes a 11.3 percent rise in housing starts and a 0.2 percent consumer price increase boosting optimism for a durable upturn. Despite a 2.2 percent drop in durable goods orders, auto and retail gains, plus a stock rebound, support confidence. Sen. Proxmire calls inflation control progress, while urging more job programs. Mortgage rates fall, real earnings rise slightly. prime rate ticks to 5 percent as banks adjust money market costs.
MENTIONED IN THIS ARTICLE
New York
Nixon
America
Sen
William Proxmire
D-Wis
Congressional Joint Economic Committee
Proxmire
Labor Department
Chase, Manhattan Bank
Chase
AMSCO Decorative Fabrics Hosts Open House in New Plant
AMSCO Decorative Fabrics marks its 25th anniversary with an open house today from 4 to 7 p.m. at the new 35,000 square foot plant in Brookwood Industrial Park, 1136 Bedford Dr. The firm moved from 308 W Broad St last December and operates additional showrooms in Atlanta Chicago and Phoenix. President Dewey Smith executive VP Reece Smith and admin VP Bill Leonard lead a 35‑employee operation serving upholstery materials draperies wall coverings and related supplies.
MENTIONED IN THIS ARTICLE
Amsco Decorative
Bedford Dr
Brookwood
AMSCO
W. Broad St
Atlanta
Chicago
Phoenix
Ariz
High Point
Dewey Smith
Reece Smith
Bill Leonard
Local High Point Dealer Wins Toyota Service Award
A A Toyota Sales in High Point receives the annual National Customer Service Award from Toyota Motor Sales U S A Inc. The award joins several given to Toyota dealers nationwide and is headed by W W Davis.
MENTIONED IN THIS ARTICLE
Toyota Sales
Toyota
High Point
Toyota Motor Sales
Wachovia Names Brown West End Office Manager
High Point native Larry W. Brown returns to Wachovia Bank and Trust Company as West End Office manager replacing retiree W. Henderson Rogers. Vann R. Taylor II is named North Office manager, after serving as assistant manager of West Chester Mall and a calling officer. Rogers began at Wachovia in 1928 and advanced to vice president in 1969.
MENTIONED IN THIS ARTICLE
High Point
Larry W. Brown
Wachovia Bank and Trust Company
N. A. West End
W. Henderson Rogers
Brown
Vann R. Taylor II
North
J. Roscoe Adams
Rogers
Wachovia Bank
Wachovia
West End
Vann Roy Taylor
E. Church St
Tarboro
Hobbs
N. Mexico
Taylor
St. Andrews Presbyterian College
High Point Jaycees
High Point Tennis Association
Winston-Salem
Axton
Danville
High Point Executives Club
United Fund
American Institute of Banking
Harold Culler Cited as Outstanding Lincoln Producer
Harold Culler received a plaque from Lincoln National Life Insurance Co recognizing him as the outstanding group producer in North Carolina for Lincoln during 1970. The award marks a high annual achievement for the Lincoln agency representative.
MENTIONED IN THIS ARTICLE
Harold Culler
Lincoln National Life Insurance Co
Culler
North Carolina
Lincoln
Heritage Furniture marks 25 years with company
Vance Clontz general manager of the upholstery division presented watches to three long term employees of Heritage Furniture Company division of Drexel Enterprises. The honored workers were Jack Craver Carey Culler and Glenn Hill for their twenty five years of service.
MENTIONED IN THIS ARTICLE
Heritage Furniture Company
Drexel Enterprises
Vance Clontz
Jack Craver
Carey Culler
Glenn Hill
High Point executive elected to NCNB City Board
R Frank Dalton of High Point vice president of Alma Desk Co has been elected to the North Carolina National Bank High Point City Board Dalton a High Point native and UNC Chapel Hill graduate is a deacon at First Presbyterian Church and a pastor of the String and Sister Club He also serves as a director of Southern Webbing Co in Greensboro
MENTIONED IN THIS ARTICLE
R. Frank Dalton
High Point
Alma Desk Co
North Carolina National Bank
Dalton
University of North Carolina
Chapel Hill
First Presbyterian Church
String
Southern Webbing Co
Greensboro
Wachovia Reports First Quarter 1971 Earnings Rise
The Wachovia Corporation reports consolidated income before securities gains of 7.4 million dollars in Q1 1971 equals 1.03 per share, up from 6.2 million and 0.87 in 1970. Net income reaches 7.9 million dollars or 1.10 per share, versus 6.5 million or 0.92. Total resources on March 31 1971 total 2.317 billion dollars, up from 2.121 billion a year earlier. 1970 statements restated to include American Credit Corporation acquired July 1 1970 on a pooling of interests basis.
MENTIONED IN THIS ARTICLE
Wachovia Corporation
American Credit Corporation
Metropolitan Life Leader Invited to Bahamas Conference
G. E. Schultheiss, staff leader at the High Point office, will attend a four day business conference with company officers and field representatives at King's Inn in Freeport Grand Bahama Island in May. He placed over 1.2 million dollars in personal life insurance last year, ranking among Metropolitan Life's top 30 000 US and Canada field representatives, marking his 12th consecutive million dollar year.
MENTIONED IN THIS ARTICLE
G. E. Schultheiss
Metropolitan Life Insurance Company
High Point
S. Wrenn St
King’s Inn
Freeport
Grand Bahama Island
Schultheiss
Metropolitan Life
United States
Canada
NCNB sees 1971 start with higher first quarter earnings
NCNB Corp shareholders heard that the year began well with first quarter earnings before securities transactions at 61 cents a share, up 26 percent from 48.4 cents in 1970. Chairman Addison H. Reese cautioned that earnings growth may slow as declining interest rates begin to affect North Carolina National Bank, NCNB’s main subsidiary.
MENTIONED IN THIS ARTICLE
Ncnb Corp
Addison H. Reese
North Carolina National Bank
Greensboro Engineers Club seminar at Sedgefield Manor
The Greensboro Engineers Club sponsors a one day symposium at Sedgefield Manor on May 14 to gather construction industry representatives for a round table discussion. The event aims to work out answers to a variety of problems.
MENTIONED IN THIS ARTICLE
Greensboro Engineers Club
Sedgefield Manor
Women's Lib Begins at Home and Home Life
A promotional blurb highlights women's liberation starting with domestic roles. It urges discussing insurance options with The Listener and Integon to support a wife who makes a family her career.
MENTIONED IN THIS ARTICLE
Integon
Expanding Wife Forces Sale of Triumph Convertible
Rodney Lewis advertised a sale of a cherished Triumph convertible claiming a newer model is needed. Local report notes his wife is pregnant and the car is too tight for her to enter, prompting the sale.
MENTIONED IN THIS ARTICLE
Steveley
England
Wns
Rodney Lewis
Dow hits new high as weekly averages rise in 1971
The Dow Jones industrial average closes at 947.79 and the AP 60-stock average at 330.9, both hitting 1971 highs. Analysts note the Dow weakened after Monday’s peak due to blue chip profit taking.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Dow
Forecasters Often Give Poor Investment Advice
The piece notes investors review securities advisers forecasts and compare them with actual conditions. It cites a prolonged decline not seen since 1929 and quotes NYSE member firms saying there are many good buying opportunities during tax shifts. It mentions a large reserve of buying power on the sidelines awaiting new opportunities.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Stock Quotes From The Associated Press
Quotations from the NASD reflect representative interdealer prices around 3 p.m. Thursday and exclude markups, margins or commissions. Interdealer markets fluctuate throughout the day.
MENTIONED IN THIS ARTICLE
Thorsdey
Office Hours Change At High Point Social Security Office
The High Point Social Security Office will open at 8 30 a m and close at 4 30 p m beginning April 26 per manager D W Arrison. Hours apply Monday through Friday with closures on national holidays and align with nearby offices.
MENTIONED IN THIS ARTICLE
High Point Social Security
D. W. Arrison
Social Security
Pumeline Baid Arrison
Also Mentioned on This Page
Amsco Decorative Fabrics
Bedford Drive
Thue
Jasono Jfmami
Ray Hubbard
Telephone
E. Westwood
Gains
Downtown
RED Bird Cab
John Cunniff
THE
Aerotron
Yp Amer Mert Atlanta GL
Barber Greene
Bassett Furn
Allen Cam
Allen Oeb
Alin Unts
Nese Billups Westn
Binnings Bank NC
Berg Mears
Cam Brown Wie
Tad Carmine Foods
CMC Finance Carolande Corp
Caroline Wisi
Bank Corp
Pranklin
Gia Inti
Garrick! Brooks
Guardian Care Mardees
Hickory Furn Lie
Keiser Sect
W. High St
George P. Clark
C.S.A
Hayden Place
Robert McCuiston
South Main Street
NCNB
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