Price rollbacks loom as Commission targets profits
The Price Commission reviews quarterly earnings and signals large price reductions and refunds. Ford announces an average $13 cut after a 49 percent earnings jump to $252 million. Rollbacks are ordered for Eckerd Drugs and Woolworth. Trade deficit worsens. leading indicators rise. Treasury plans to refinance and cut the deficit. Volcker cites stronger revenues and a smaller deficit projection.
MENTIONED IN THIS ARTICLE
New York
Price Commission
C. Jackson Grayson Jr
Ford Motor Co
Eckerd Drugs Inc
Charlotte, N.C
F.W. Woolworth Co
U.S
Treasury
Commerce Department
Rural Job Bill Gains Support From Independent Businesses
A survey of over 2 000 Advisory Council members shows 95 percent back the Pearson rural job development bill. About 96 percent would accept new competition if it brings jobs, and 81 percent favor higher taxes to fund community services. The plan offers tax incentives for rural job providers and early investment breaks, with no federal tax money expenditure, while farmers home and soil conservation programs propose grants and loans. The Federation favors local funding and facilities over Washington handouts.
MENTIONED IN THIS ARTICLE
James Pearson
Kansas
Joe Evins
Tennessee
Thier
Federation
House Agriculture Committee
Rural Communities
Farmers Home Administration
Soil Conservation Service
Advisory Council
Washington
Stock Market Quotes From The Over The Counter List
Quotations from the National Association of Securities Dealers reflect interdealer prices around 3:30 p.m. Friday. The note excludes retail markups and commissions but offers insights for investors, illustrated by a sketch titled Pie In The Sky For Stockholders and scenes showing growth rate in earnings per share dividend yield profit goals market appreciation and price-earnings ratio.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
Market Down As Dow Closes At 954.17 On Friday
The Dow Jones Industrial average finished at 954.17, down 9.63 from the prior week, while the Associated Press average dropped to 336.3. Analysts cite profit taking, Vietnam, and weak economic news for the midweek decline, with bargain hunting lifting markets on Friday.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Vietnam
What Counts In Stock Prices In Style Of Loeb
Wall Street columnist Gerald M. Loeb discusses how stock prices move beyond fundamentals, centering on future earnings expectations. He notes that prices often overreact to anticipated developments and can revert if those moves prove temporary.
MENTIONED IN THIS ARTICLE
Gerald M. Loeb
North American Newspaper Alliance
New York
Ben Graham
Arnold Bernhard
John F. Childs
Prentice-Hall
Oregonian farm editor BJ Noles wins Farm Editor of the Year
BJ Noles, Portland Oregonian farm editor, the first woman named Farm Editor of the Year by Newspaper America, describes how being a nonexpert helps her ask questions farmers welcome. She rose from society editor in 1961 to farm editor in 1970 and covers Oregon agriculture and farmers' concerns.
MENTIONED IN THIS ARTICLE
Washington
BJ Noles
Oregon
Noles
Sacramento Valley
California
University of Oregon
The
Oregonian
Dick Nokes
Nokes
Women’s Liberation
Omar Noles
Earl L. Butz
Spokane
Wash
Light for Living Center designation for lighting showroom
The AHLI designates Light for Living Center status to Light House Inc at 515 W Green St for displaying quality lighting, promoting good lighting in the community, and staffing with trained personnel. Piedmont held its annual shareholders meeting at its Charlotte office. Lowe's Companies won a 1971 Distinguished Merchant Award from the Brand Names Foundation, after being named Retailer of the Year in 1970.
MENTIONED IN THIS ARTICLE
Light House, Inc
W. Green St
Light For Living Center
American Home Lighting Institute
AHLI
New York
P. P. Stathas
Duff and Phelps Inc
Chicago
Illinois
Piedmont
Charlotte
Lowe’s Companies, Inc
Brand Names Foundation
Lowe’s
Lowe
Foundation
H. Ford Perine
Duke Power promotes six in financial and computer services
Charlotte Duke Power Company's board approves six promotions in the financial and computer services department effective May 1. Robert J. Ashemore to assistant vice president financial administration Porter A. Hauser to controller William R. Stinmart to treasurer W Bruce Shanon to assistant treasurer Kenneth C Stonebraker to assistant controller Richard C Ranson to senior financial analyst.
MENTIONED IN THIS ARTICLE
Charlotte
Duke Power Company
Robert J. Ashemore
Porter A. Hauser
William R. Stinmart
W. Bruce Shanon
Kenneth C. Stonebraker
Richard C. Ranson
Piedmont Natural Gas Elects Two New Directors
Shareholders elected Edward M. O'Herron Jr. chairman of Eckerd Drugs Inc. and W. Roger Soles, president of Jefferson-Pilot Corporation and Jefferson Standard Life, to Piedmont Natural Gas board. They succeed Henry James of Shearman and Sterling.
MENTIONED IN THIS ARTICLE
Piedmont Natural Gas Company
Edward M. O'Herron Jr
Eckerd Drugs Inc
W. Roger Soles
Jefferson-Pilot Corporation
Jefferson Standard Life Insurance Company
Henry James
Shearman and Sterling
Subsidies Backed By Builders
Washington NAHB president Stanley Waranch urged Congress to boost HUD housing subsidies especially Section 235 and 236. He warned funding cuts threaten the 6 million unit goal for low and moderate income families over 10 years and defended the programs as bringing hope and dignity to American families.
MENTIONED IN THIS ARTICLE
Washington
National Association of Home Builders
Congress
Stanley Waranch
Norfolk
NAHB
House Appropriations
Department of Housing and Urban Development
HUD
Waranch
Fifth District Banks See Loans Gain in Weekly Fed Survey
Federal Reserve Bank of Richmond weekly survey shows gross loans at 28 large Fifth District banks rose to 10.876 billion dollars for the week ended April 19, up 115.182 million. Domestic commercial bank loans increased 18.157 million. interbank-adjusted loans up 97.025 million. demand deposits up 96.16 million while time deposits fell 3.048 million. Investments declined 12.9 million. Financial loans rose 27.138 million with 13.855 million to financial institutions other than domestic banks and 13.283 million from securities purchases and carrying.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Feddral Reserve District
Calder Named President and Chairman of Union Camp Board
Wayne New Jersey Alexander Calder Jr president of Union Camp Corp also elected chairman of the board Hugh D Camp former chairman remains chairman of the executive committee Calder 55 joined the company in 1940 named president in 1956 and CEO in 1960 He is a Dartmouth 1938 Harvard MBA 1940 graduate and served in World War II including the Board of Economic Warfare and three years as a Navy officer.
MENTIONED IN THIS ARTICLE
Washington, D.C
Board of Economic Warfare
U.S. Navy
Armstrong Cork declares two dividends for common and preferred stock
Dividend directors declare 20 cents per share on the $1 par common stock payable June 1 to holders of record May 10. A second dividend of 93.4 cents per share on the $3.75 cumulative preferred stock payable June 15 to shareholders.
MENTIONED IN THIS ARTICLE
Armstrong Cork Company
Declard
Womens Lib begins at home and in family life
The message urges women to pursue family as a career and argues freedom starts at home. It promotes discussing insurance options from Integon and highlights available forms and uses to support household needs.
MENTIONED IN THIS ARTICLE
Integon
Also Mentioned on This Page
Labor Department
Commerce
Peter G. Peterson
Treasury Department
Alf
Paul A. Volcker
Jfmamj
Aerotron American Agency
Atlanta
Baker Bros. Banker Trust S.C
Bassett Furniture
Bill Allen
Vale
Debs -Lo Black
Branch
Bank & Trust Brand
Jenner
Arkyarns
WM Burnup & Sims
CMC Finance
Cameron Brown
Chatham Mfg
C&s Corp
Cochrane Furniture
Colonial Life
Colonial Stores
PFC
Comm
Bank of Greensboro Corner Homes
Daniel Internat. Com
Daniel Internat. Debs. Internat
Diamondhead Corp
Durham Life Ins
Mig
Roger Properties
Lance Inc
Lane
Life Assurance of Care
Lifesurance
Little Mint
Wa Logic Corp
Lowe's
Mack's
Medical Analytics
Electronics
Ea Monroe Group
Multimedia
Ncnb Corp
NC Natural Gas
Northwest Fin. Corp
Wise Occidental Life Ins
Oakwood Homes
Peppies Bank
Rocky Mt Phillips Fescue Am
Piedmont Aviation
Pic N Pay
Planters Bank
Rocky Mt A Wa Public Service of NC
Vermont American i B.B. Walker Shoe
Wellington Hall
White Shield Co
Orp
Wright Machinery
West Knitting Ile
Loeb
Wall Street
Ed Lyon, Jr
C.la
North Carolina
Ray Hubbard
Butler Aviation In
Greensboro
N.C
George P. Clark
C.S.A
Hayden Place
Integon Financial Services
Robert McCuiston
C.L.A
South Main Street
Juanita
Sam” Henderson
English RD
Corner Elm St
Highland Motors Inc
N. Main St
High Point
N. C
Olds - Cadillac
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