Bond market manipulation and Fed directives in 1970
Trade Winds reports that the Federal Reserve Board and the New York Fed are guiding open market operations to sustain money market conditions ahead of treasury financing. Yields on 90 day bills fell from 8.10% to 6.55%, with $6.458 billion in financing this week and a $2.329 billion refunding plus $4.129 billion of 4% bonds maturing Aug 15. The piece notes institutional managers resisting lower yields and warns of upcoming municipal and corporate supply, liquidity concerns after the Penn Central bankruptcy, and doubts about a Dow revival.
MENTIONED IN THIS ARTICLE
New York
NANA
Federal Reserve Board
FRB
U.S
Treasury
Federal Reserve Bank of New York
Fed
Penn Central
Washington
Treasury Bills Are Ideal For Having Money Ready
Gerald M. Loeb explains that cash awaiting long term investment should be kept safe and liquid in treasury bills. He details minimum purchases, weekly auctions for three and six month maturities, direct or broker options, and notes on liquidity, safety, and yields versus other short term instruments.
MENTIONED IN THIS ARTICLE
New York
Nana
Treasury
Regional Insurers Post Mixed Six Month Results
First Mortgage Insurance Co of Gro reports a 17 percent rise in earned premiums to 438 462 for the first half of 1970 but a 7 percent drop in net statutory income to 197 380. Assets rise 19 percent to 5 988 266 while income per share falls to 14 cents from 15. Adjusted EPS drops to seven. Separate filings note new divisions for Southern Building Maintenance and the formation of Environmental Consultants Inc. Thayer Coggin sues Montgomery Ward over Environment 70 trademark. Henredon Furniture sees profits drop despite slight sales gain. Hanes Corp posts 81.6 million in first half sales with unaudited net income of 3.213 million or 83 cents per share.
MENTIONED IN THIS ARTICLE
First Mortgage Insurance Co
Gro
Marvin L. Legare
Legare
Edward L. Stacey
High Point
Southern Building Maintenance
High Point, Inc
Southern Building Maintenance Co., Inc
Stacey
James S. Ray
Southern Building Maintenance Co. Inc
Environmental Consultants, Inc
The
Morganton
Henredon Furniture Industries, Inc
Hanes Corp
Winston- Salem
Alma Desk Co. wins national design award for office furniture
Charles H. Wiley, secretary treasurer of Alma Desk Co., received on July 22 a silver award from the National Assn. of Fiber Box Manufacturers. J. H. Neale of Union Camp Corp. presented the award for excellence of design and content protection in the office furniture category, the Jamestown Division’s first such honor.
MENTIONED IN THIS ARTICLE
Charles H. Wiley
Alma Desk Co
National Assn
J. H. Neale
Union Camp Corp
Wayne, New Jersey
Neale
Jamestown
Appointments at Blue Bell Inc Naming Dixon and Smith
G Ervin Dixon elected financial vice president of Blue Bell Inc announced by chairman E A Morris. Elswick G Smith named treasurer with Dixon continuing as treasurer and controller, roles held since 1964 and 1966 respectively. Smith has served as assistant treasurer since January.
MENTIONED IN THIS ARTICLE
G. Ervin Dixon
Blue Bell, Inc
E. A. Morris
Elswick G. Smith
Dixon
Blue Bell
Smith
Blue Bell Reports Higher Nine Month Sales and Profit
Blue Bell, Inc. shows a nine month period ending June 30 with net sales of $162,085,820 and net profit of $6,405,607 up 21.8 percent. Earnings per share reach $2.52, up 45 cents from a year earlier. The company also reports a three month period ending June 30 with sales of $62,949,057 and net profit of $2,871,183 up 36.3 percent.
MENTIONED IN THIS ARTICLE
Blue Bell, Inc
Reynolds reports record sales in second quarter
R J Reynolds Industries of Winston Salem reports second quarter net sales and revenues of 623.512 million dollars up 8.7 percent. First half sales total 1.183115 billion dollars up 10.5 percent from 1969.
MENTIONED IN THIS ARTICLE
R. J. Reynolds Industries Inc
Winston-Salem
Tech
Guilford Mills names Norman Weisbecker VP
Guilford Mills Inc. of Greensboro announces Norman Weisbecker of Hillcrest Drive as vice president. Weisbecker, director of merchandising since January 1969, is a Bryant University and Maine Maritime College graduate with a B.S. in business administration and marine science.
MENTIONED IN THIS ARTICLE
Guilford Mills, Inc
Greensboro
Norman Weisbecker
Hillcrest
Weisbecker
Bryant University
Maine Maritime College
Burchfield Promoted at Thalhimers Westchester Mall
William R. Burchfield, promoted to assistant manager at Thalhimers Westchester Mall, previously led the men's department for two years. A Allen Jay High School graduate, he attended the University of South Carolina and the North Carolina School of the Arts.
MENTIONED IN THIS ARTICLE
William R. Burchfield
Thalhimers
Westchester Mall
Allen Jay High School
The
University of South Carolina
N. C. School of the Arts
Richmond Fed reports weekly bank loan and deposit shifts
The Federal Reserve Bank of Richmond reports week ended July figures for the fifth district showing gross loans down 60.059 million among the 28 largest banks. Demand deposits fell 258.935 million while deposits rose 525.0 million. Investments declined 4.274 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of
Richmond
Local Rep H L Culler Honored for June Production
H L Culler, a Lincoln National Life Insurance Company representative, is honored for personal production in June. He ranked 27th among the firm’s 2,500 sales reps.
MENTIONED IN THIS ARTICLE
H. L. Culler
Lincoln National Life Insurance Co
Culler
Perry Retires From Borden Co After 40 Years Service
A. C. Tony Perry retires from Borden Co after four decades with the firm. He served as vice president of sales in the south eastern district including North Carolina and had moved to High Point ten years prior before being named VP of sales for the south Atlantic district in 1966.
MENTIONED IN THIS ARTICLE
High Pointer A. C
Tony) Perry
Borden Co
Perry
North Carolina
High Point
Borden
South Atlantic
Also Mentioned on This Page
Lou Schneider
North American Newspaper Alliance
Gerald M. Loeb
Federal Reserve Bank
Federal Reserve
Ray Hubbard
New Corporation
Coggin
Thayer Coggin, Inc
Montgomery Ward & Co
Chicago
Montgomery Ward
Thayer Coggin
United States Patent Office
Haworth, Riggs Kuhn and
Haworth
Wiley
Blue Bell Profit
R.J.R. Sales
Gilbert H. Clinard
Burchfield
Ed Lyon, Jr
C.la
Gatewood Ave
George P. Clark
C.S.A
Hayden Place
Sid
State Farm
Montheu Ave
N.C
Bob T. Andrews
State Farm Fire and Casualty Company
Seins
Illinois
Lane
Jefferson Standard
W. High St
E. Westwood
Howard Statts
William Bell
Chrysler
Piedmont
Ilderton Leasing Co. At
Horace G. Ilderton, Inc
S. Main
Dcmeeng ci
Robert McCuiston
C.L.A
South Main Street
Lstener
Integoa
Integon’ Financial Services
Wachovia
Wachovia Bank & Trust Company
N.A
Federal Deposit Insurance Corpora
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