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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 11, 1974
Page
3
An AP report notes farm costs climb while wheat price stays volatile. A thousand acre grower faces higher input costs. overalls, a new combine, and fuel push expenses up despite grain prices near four dollars a bushel. The June 15 USDA data shows a large combine now average 27100 dollars, up from 22200.
Citicorp issued an 850 million note with a rate linked to Treasury bill yields targeting 9.7 percent through mid 1975. The device draws scrutiny over potential price manipulation of bills, conflicts of interest, and possible Fed and SEC responses. Farmers face rising costs as USDA data show broad price increases impacting producers and consumers, including agricultural inputs like corn and equipment.
The periodicals report: Liberty Life Insurance Co High Point branch officials Charles R. Allen George L. Cochran Thomas R. Collins Jr and Luther Gamer are named as National Sales Achievement Award recipients for 1974. Guardsman Chemical Coatings declares a 10 cent third quarter dividend payable Sept 24 to shareholders of record Sept 10. Clyde W Pearson resumes presidency of Clyde Pearson Company in Altavista Virginia. A third annual student design rally sponsored by the Institute of Business Designers will be held in High Point Feb 6 7 and 8 with seminars on contract interior design operations. Gateway Bank Greensboro hires Behrends Henderson Advertising to handle campaigns ahead of its 1975 opening. Richmond Fed survey shows Fifth District banks’ gross loans up 322 125 million in week ending July 31 with deposits rising and investments dropping.
Last week a 36 acre industrial park was begun at Springfield and Baker Roads in southeast High Point. Samet Construction Co plans 23 sites ranging 1 to 7 acres with three 20,000 square foot buildings already under construction. Final completion eyed for 1977 at about 5 million dollars with distinct elevations for each occupant.
London AP reports actor George Raft, 78, denied entry to the United Kingdom with Home Secretary Roy Jenkins stating his presence would not be conducive to the public good. Jenkins, who ordered Raft out in 1967, declined to explain the new denial.
Fragmentary OCR text shows garbled lines about Phov 3/4H B and Wel Ta N You and an offering of one good, with unclear context and names. Unable to extract a clear event, date, or organization from the unreadable snippet.
The Dow Jones closed at 777.30, up 24.72 for the week, while the Associated Press average reached 248.1, rising 8.2. Wall Street spiked early as Nixon resignation rumors circulated, then slipped on confirmation that he would depart, signaling a pullback after the rumor upswing.
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