Booming profits and inflation jitters shape 1972 outlook
A First National City Bank survey shows profits up 24 percent to $5 billion in Q1 1972 while leading indicators rise 1.4 percent in March. Government economists call it hopeful, yet inflationary pressures spark tax-cut talk and consumer confidence slumps. Goodyear and United Rubber Workers tentatively agree on a near 6 percent first-year pay increase, a potential wage pattern for industry. U.S. Steel posts a 158 percent rise in Q1 profits to $49 million on a 35 percent sales gain, Bethlehem Steel up 62 percent with higher sales, and oil majors Exxon, Texaco, and Gulf report solid gains.
MENTIONED IN THIS ARTICLE
First National City Bank
Nixon
Herbert Stein
President’s Council of Economic Advisers
University of Michigan
Goodyear Tire & Rubber Co
United Rubber Workers Union
U.S. Steel
Bethlehem Steel
Exxon
Texaco
Gulf
Stock Quotation Snapshot From Major Firms
Interdealer prices from the National Association of Securities Dealers and the Associated Press as of about 3:30 p.m. daily. A long list of company names and figures follows, including Farmers New World Life, Fidelity, NCNB, Piedmont Aviation, Shoney's Big Boy, Sara Lee, and many others with varied percent quotes and values.
MENTIONED IN THIS ARTICLE
Associated Press
National Association of Securities Dealers
Promotions at Southeast Financial Corporation Reflect Leadership Changes
Edward L. Boyd announces two promotions at Southeast Financial Corporation. Raymond W. Rogers rises from vice president to senior vice president overseeing business and corporate development. he hails from High Point and is a High Point College business administration graduate. Paul F. McIntosh is promoted to assistant treasurer and will serve as senior credit officer. he is a New York native and University of New Hampshire BS graduate. Wachovia Mortgage names Randy L. Burge as assistant secretary, while Williams E. Arant Jr. remains president of Wachovia Mortgage.
MENTIONED IN THIS ARTICLE
Raymond W. Rogers
Rogers
High Point
High Point College
Paul F. McIntosh
McIntosh
New York
University of New Hampshire
Southeastern Financial Corporation
American Credit Corporation of
Charlotte
Randy L. Burge
Winston-Salem
Wachovia Mortgage Company
Williams E. Arant Jr
Wachovia Mortgage
Burge
Atlanta
University of North Carolina At
Dividend announcements and expansion plans at Eckerd Drugs
John T. Sullivan of Eckerd Drugs announces a cash dividend of 6 cents per common share and 50 cents per preferred share payable June 1 1973 to holders of record May 15 1973. Directors approve four new store leases in NC SC AL MS, bringing total signed leases to 20 plus three Deb Shops. By March 31 1973 Eckerd and subsidiaries run 175 drug stores 15 Deb Shop dress shops and five Miller's division office locations. PPG Industries Fiber Glass Division outlines a five part expansion program including a Shelby North Carolina plant expansion a Lexington R D lab and a new plastics reinforcements plant.
MENTIONED IN THIS ARTICLE
John T. Sullivan
Eckerd Drugs, Inc
Future
North Carolina
South Carolina
Alabama
Mississippi
Miller’s
Stocks Decline Amid Good Friday Market Pause
The AP average of 60 stocks finished at 301.4, down 12.4 from 313.8 last week as trading paused for Good Friday. The Dow Jones industrial average slipped to 922.19, 41.01 lower than 963.20 a week earlier.
MENTIONED IN THIS ARTICLE
Dow Jones
Rex Plastics hires two managers to lead technical services and injection molding
Rex Plastics Inc announces the addition of James H. Cunningham as Manager of Technical Services in Molded Plastics Division with duties in product and process development and a Michigan State chemical degree. Bob G. Davis joins as superintendent of the new injection molding department, bringing 14 years of injection molding experience including Plant Manager at DCI Forest City. The text also notes management changes at Wachovia Mortgage, a Shelby expansion, and Blue Bell Inc earnings for the first half of 1973 with Mexico operations facing losses.
MENTIONED IN THIS ARTICLE
Rex Plastics, Inc
James H. Cunningham
Molded Plastics
Cunningham
Michigan State University
Uniroyal Co
Bob G. Davis
Rex
Davis
DCI
Forest City
Sales Up Southern Film Extruders First Quarter 1973
Southern Film Extruders reports first quarter 1973 net sales of 1,565,913 up 20 percent from 1,300,261 in 1972. Net income rose to 87,761 from 40,600, a 116 percent increase. Taxes were zero due to a 1971 tax loss carry forward. Earnings per share were 0.36 versus 0.17.
MENTIONED IN THIS ARTICLE
Greensboro
Blue Bell, Inc
Mexico
Southern Film Extruders, Inc
Thalhimer Jr. elected chairman and CEO of Thalhimer Bros
William B. Thalhimer Jr. is elected chairman of the board and chief executive officer of Thalhimer Bros. corporation, maintaining 23 years as president and 39 years with the company, while Charles G. Thalhimer is named president reporting to the chairman for merchandising and North Carolina Division operations, continuing 26 years with the firm and four years as executive vice president.
MENTIONED IN THIS ARTICLE
William B. Thalhimer Jr
Sering
Thalhimer
Charles G. Thalhimer
North Carolina
AMIC Corp Reports New Records in Q1 1973 Growth
William A. Granberry, president, told shareholders that AMIC Corp set new records in all areas in Q1 1973. Consolidated premiums written reached 3.4 million, about double the 1.7 million in Q1 1972, with mortgage guaranty up 94 percent to 195.7 million.
MENTIONED IN THIS ARTICLE
Raleigh
William A. Granberry
Amic Corporation
Also Mentioned on This Page
Farmers New World Lite Fidelty Corp
First Mart
N.C
FNB
Catawba
Franklin Life Ins
Garfinckel Brooks Guardian Corp
Harrelson Rubber Heilig Meyers Henredon Furniture
Hickory Furniture Home Security Life Hoover Co.” Hughes Supply
Huntley
York
Integon Corp
Interstate Corp
Ins
Investment Lite & Tr. J
Joey Jacks Food Kenan Transport
Kewaunee Scientific Knape & Vogt Mfg
Roger. Properties
Lance Inc
Lane
Liberty Bank & Trust Lite Assurance of Care
Little Mint Lawe
Mack’s Stores
Multimedia
Ncnb Corp
NC Natural Gas Northwest Fin. Corp
Wis Occidental Life Ins
Oakwood
Pay N Save Peoples Bank of
Rocky Mt Phillips Fescue
Piedmont Aviation
Piedmont Real Estate Planters Bank
Rocky Mt Provident Financial “Public Service of NC Quality Mills Rahar
Redfern Foods
Reid Provident Labs
Rez Plastics
Rose’s
Royal Scotsman
Safeguard Auto Salem Carpet Sam Soloman
Savannah Foods
Sea Pines Security Finance Corp .Shoneys Big Boy
Sonoco Products
S.C. National Corp
Heat National Corp
Southern National Debs
Spartan Food Systems
Sugardale
AID, Inc
Aerotron American Furniture
Atlanta Gas Light
Atlantic Papsi Cola
Isa
Bancshares
Bank of Granite
Bankers Trust of
Bassett Furniture
Beaman Cor
Bluefield Suppley
Branch Bank & Trust
Brenner Inds
Carolando
Caroland
Wis
Carmine Foods
Carolina Caribbean
Carolina Cas
Carolina P&l
Caro. State Bank
Hone
Carolina Steel Ab
Carolina Wise Flo
Sta Cartridge TV Caro Corp
Central Caro. Bank
Central Vermont
Champion Parts
Charter Bankshares
Charter Co
Chatham
C&s Corp
S.C
Coca-Cola Co. Consol
Cochrane Furniture
Colonial Life
Colonial Stores
Bank Greensboro
Conner Homes
Context &Log
Daniel Internat. Com
Diamondhead Corp
Durham Life Ins
Eco
Edward L. Boyd
Pittsburgh
Fiber Glass
PPG Industries
Robert A. McLaughlin
Shelby, N.C
Lexington
Bert McCuisten
CLA
Timothy
Yates
Integon
S. Hamilton St
Ray Hubbard
Lerington
Basic Research
McLaughlin
Shelby
PPG
R&d
Ezequiel Montes
Highland Motors Inc
N. Main St
Cadillac
New Records
Firestone
High Point Enterprise
Church St. High Point, N.C
ysulwSt
Gofay
Lam 'Saniuag Aliodway
Puly
West High St
Mayflower
Granville Moving
S. Hamil
Ken St
Steve Foster
Craig Newby
Wachovia
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