Nixon eases stance on wage price board amid inflation drive
President Nixon signaled an open mind on creating a wage price review board to curb inflation but opposed compulsory powers and criminal sanctions. Senate confirms loans for Lockheed. steel contracts push price hikes and layoffs as UTU signs new contract. Martin recommends sweeping Wall Street reforms and a national stock market.
MENTIONED IN THIS ARTICLE
New York
Nixon
Washington
United Steelworkers
Lockheed
Lockheed Missile ‘and Space
New York Stock Exchange
William McChesney Martin
Big Board
Federal Reserve Board
Martin
Wall Street
Pollution controls can boost profits says study
A continuing study finds that firms with strong environmental practices may be more profitable. Baruch professor John Marlin notes pulp and paper leaders ranked highest for air and water protection also show solid financial strength.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
John Marlin
Baruch Competitive Marketplace
Marlin
Ser
Council On Economic Priorities
Joseph H. Bragdon Jr
H.C. Wainwright & Co
Boston
Financial Management Association
Denver
Market Falls As Dow Dips to January Low
Stocks slid moderately over the past week with the Dow Jones Industrial Average dropping 7.82 points and the AP 60 decline at 3.4 points. The Dow hit its weekly low on Wednesday, a level not seen since January 14.
MENTIONED IN THIS ARTICLE
Wedee
U.S. Farm Exports Jump to 7.8 Billion in 1970
Final Agriculture Department report shows U.S. farm exports for the year ended June 30 totaled 7.8 billion dollars, about 15 percent higher than 1969-70 and a record driven by higher dollar sales. Japan bought 1.2 billion, the European Market 1.8 billion, soybeans led oilseeds with 1.9 billion, and soybean exports reached a record 421 million bushels.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agriculture Department
Japan
Inflation to Persist as Wages Push Prices Higher
North American Newspaper Alliance reports inflation will rise through the year despite forecasts of slowing. Labor unions push for higher wages, with major July strikes on docks, rail, and telegraph systems. Nixon jawbones steel contracts. wage gains reach up to 17 percent in some sectors. Officials warn recovery will be slow as Vietnam returnees affect the job market. Condemns speculation. Connally leads a campaign to broaden currency fluctuation ranges ahead of IMF talks.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
New York
Game Bank
Nixon
White House
Taare
John Connally
Eckerd Drugs Reports Record Fiscal Quarter
Eckerd Drugs Inc of Charlotte posted a record fiscal quarter ending July 3 1971 with sales rising 18.6 percent to 28 399 209 and unaudited earnings increasing 34.2 percent from 612 844 to 822 694. Earnings per share grew from 27 cents to 36 cents as operational efficiencies boosted margins. Management expects further gains in Q2 but not at the same rate for the second half of the year.
MENTIONED IN THIS ARTICLE
Eckerd Drugs, Inc
Charlotte
Integoa Corp
J. Edwin Collette
Granville Bonded Warehouse Merger and Leadership Update
Granville House Inc doing business as Granville Bonded Warehouse merges with High Point Bonded Warehouse on August 2 1971. Surviving firm preserves offices at 801 Hamilton Street High Point and 1790 Belmar Street. Fred P. Newby president Renny N. Foster treasurer vice president Irene Newby secretary Steve Foster named Mayflower moving sales manager. New office managers are Nancy Clodfelter at Granville Bonded Warehouse and Pat Clement at High Point. Harry L Blair Jr joins Behrends Harwell Henderson advertising as art director. Harold White joins Craven Johnson Pollock as assistant property manager and office manager. Ralph P Edwards installed as director of North Carolina Savings and Loan League. Simmons Company reports 1971 first half earnings and sales increases. Integoa Corp posts 1971 six month earnings rise.
MENTIONED IN THIS ARTICLE
Granville House, Incorporated
Granville Bonded Warehouse
High Point Bonded Warehouse Company
Granville House, Inc
Fred P. Newby
Renny N. Foster
Irene Newby
Hamilton Street
High Point
Belmar St
Mayflower
Steve Foster
Mayflower Moving Service
Nancy Clodfelter
Granville
Pat Clement
Craven - Johnson - Pollock, Inc
Harold White
White
Willow Creek Builders, Inc
Willow Creek Golf Club
Curtis Smithdeal
Association For Retarded Children
Family Life Council of
Henry Kendall Center
First Methodist Church of
Brevard Jr. College
High Point College
Yadkin County
Gena Dickson
Gary
Kevin
Wendover Hills
Ralph P. Edwards
Home Federal Savings and Loan Association
Greensboro
North Carolina Savings and Loan League
Grove Park Inn
Asheville
Edwards
Louis Harrison
Salisbury
Also Mentioned on This Page
High Point Enterprise
Wage
United Transportation Union
Senate O
Lockheed Aircraft Co
THE
Associated Press
Aerotron
Amic Corp
Atlanta GL
Barber Greene Ole Basset
Furn
Billups Westn
C ' Brush Berg
Buckabee Mears
Cam Brown
Carmine Foods
CMC Finance
Carolando Corp
Carlando
Natl Bank Corp
Foodtown Stores
Franklin Life
Garrick
Brooks
Georgia Ints
Guardian Care
Hardees
Harreisn
Hickory Furn
Henredon
Home Sec
Hoover
Integon C
Joslyn
Peoples Bank
Natl Bank
Phillips Fescue
Werdoses
Ruddick
Sten Natl Corp
Synercon
Tri Om
Tri South Mor
Walker
FMAM
DOW Jones
Transportation
John Volpe
Treasury
International Monetary Fund
Harry L. Blair Jr
Behrends Harwell & Henderson
Blair
University of North Carolina
Wunc-Tv
Chapel Hill
Gardner Lyon Advertising
Medy Ray Hubbard
Agency
Southeast
Harrison
Home Savings and Loan Association
E. Westwood
Ed Lyon, Jr
C.la
North Carolina
Nat. Bank
AIR Service
N.C
Integon
Robert McCuiston
C.S.A
South Main Street
At Financial Services
Ld Ta Sra
Peal API Services
W.high St
George P. Clark
Hayden Place
Equity
Highland Motors Inc
Main St
Olds
Cadillac
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