Real Estate Outlook Mixed As Rates Edge Lower
The Federal Reserve cut discount rates 14 percent for four banks, hinting looser credit though local rates vary. Builders face scarce lots and slower new home construction while buyers seek fair values, with FHA loans at 5 percent plus insurance. Two laundries open in High Point, and several local executives receive promotions and appointments across banks and firms.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Alton Stanford
North Carolina Association of Real Estate Boards
Stanford
Prevo and Combs Attend State Capital Life Convention
Mr and Mrs John F Prevo and Mr and Mrs C M Combs of High Point attended the 1960 President s Club Convention of State Capital Life Insurance Co in Atlantic City New Jersey last week. They earned the trip by ranking among the company s leading fieldmen.
MENTIONED IN THIS ARTICLE
G. Reid Marsh
High Point
New York Life Insurance Co
White Sulphur Springs
W. Va
State Capital Life Insurance Co
Atlantic City
N. J
John F. Prevo
C. M. Combs
Prevo
Combs
Federal Reserve loosens credit to spur economy
The Federal Reserve Board eased monetary policy by relaxing bank reserve requirements freeing about 660 million dollars for lending and cutting the discount rate from 3 to 3 percent in several districts. The move aimed to boost lending, stocks rose, and employment improved while consumer spending signs remained muted.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Business World
Federal Reserve Banks
Cleveland
Kansas City
Richmond
Federal Reserve System
National Industrial Conference Board
New York Stock Exchange
Land Rush In Florida On Again
Florida sees another land boom with investors paying large sums for coastal and inland parcels. Stories span McCutcheon, Werd, Mero and Mackle Co involved in multi hundred thousand to million dollar land deals near St. Petersburg Daytona Beach Cocoa Beach and Port Charlotte. Demand driven by new industries and population growth with cash purchases common and past binder contracts now replaced by hard cash transactions.
MENTIONED IN THIS ARTICLE
Miami
Fla
Florida
Paul McCutcheor
St. Petersburg
Goose Pond
McCutcheon
Montgomery Werd
George A. Mero
Daytona Beach
Mackle Co
General Development Corp
Gulf Coast
Port Charlotte
Frank Mackle Jr
Air Force
Bowling Aley
Cocoa Beach
Cape Canaveral
Indiana
Jacksonville
Florida Panhandle
Security quotations guide for August 12 1960
This notice presents unofficial bid and asked prices from the National Association of Securities Dealers and other sources. It explains these figures are indicative ranges, not actual transactions, and origin of quotations can be provided on request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Oil Stocks Regain Favor In Investment Survey Findings
A survey of 87 investment companies shows balanced open end funds turning bullish while stock funds stay dynamic. Oils regain favor, electronics, drugs, aircrafts, utilities and defensive stocks rise. textiles fall out of favor as redemptions grow from 35.5 to 44.7 percent in Q2.
MENTIONED IN THIS ARTICLE
New York
A. Wilfred May
The
Commercial & Financial Chronicle
Iunds
Also Mentioned on This Page
Paul A. Wilson
Johnny Wood
Big Bear
S. Main St
High Point Mortgage Co
D. J. McCurry
Field
Bowater Board Co
McCurry
Com
Masonite Corp
Bowater Board
Abitibi Power and Paper Co
Midwest
Asheville
High Point College
82Nd Airborne Division
Tillman B. Thomas
Heritage Furniture Co
Southeastern Management Institute For Credit Bureau
Chapel Hill
Credit Bureau
Carl 0. Hocker
Collins and Aikman
Valentine J. Harper
Collins and Aikman Corp
Hocke
South
Sidney Blumenthal
Ray Dover
Alvin D. Howard
Fidelity Bankers Life Insurance Corp
Howard
North
South Carolina
Mercer University
Macon
United States Navy
National Association of Life Underwriters
By Joe Brown
Reserve Board
Universal ‘Jeep
Jeep
Willys
Lewis Motor Company
Wrenn Street
High Point, N. C
Reno, Nev
New Hampshire
National Bank
Dvernite Trans
Toudlers Persious Fea
Jeniela Niam
Yeott Mattso
Sete
Vvearle G.D. & Ny
Tebeeee Aweese
Jyonoco Wee Stee
Ries of Bhetals
Joroban Engineering
American & Efird
Southeastern Factors Tener
American Fidelity Life Beer
Southland Life Feeuwees
American Marietta Common Me
Spur Oil Company
American Ee
Standard Register Teen
Arnol Stone Co. Ee
State Loan & Finance “A
Butlers Shoe
Texas Eastern Trans
C.M_C
Cannon Mills
Texize Chemical
S Textiles, Inc
Carolina Casualty Ins
Carolina Natural Gas
Thermo King
Carolina P.&l
Pideevee
Thermoplastics Caroling
Cerlist Dieseeee
Wachovia Bank & Trust
Chatham Mie
Walker
Walter
Jim
Colonial Stores
Ye Watson Brother
Western Carolina Telseer
West Point
Mie
Coseeee
Commonwealth Life
Wise Homes
Cone Mills
Pfa
Wright Homes
Consolidated Credit
Zonolite Co
Coral Ridge
Crown
Taylorsseee
Donnelly, R.R
Song
Crackett Company
Eee
Uv Duffy
Eastern Util
Electronics
Cara
Erwin Mills
Fidelity Bankers Life
Pirst Sou
Helene Curtis Steer
Holiday Inns
Home Finance Group
Seeneeee
SiO's
Home Insurance Co
Houston Corp Interstate
Eeee
Syn. of Canada
Irving Trust Co
Iver, J. B. & Company
Soes
Jackson Minit
A Jefferson Ltd. Life
Jefferson Lake Petro
Kaiser Steel
Kavanagh-Smith
G. Ts . Ketchum & Company
Liberty Loan
Life & Casualty Ins
iLife Companies, Inc
Life Ins
Lity Lilly & Co
Lone Star Steel
MacMillan Company
Maryland Casualty
By Paul R. Mosher
Herald Tribune News Service
E. O. Lane
Jefferson
Johnson Electronics
Kavaugh Smith & Co
Car
Bevis Shell Homes
Piedmont
American Marietta Co
6Th Floor
North Carolina
Nat's Bank
Sturgis May & CO
North Carolina National Bank Bldg
Ital
Meinhard & Company, Inc
Ave
Roy W. Gladden
Special Agent
Jefferson Standard Life Ins. CO
N. Main Street
Hih Pony Savings and Trust Company
North Main
S. Main
Member
Federal Deposit Insurance Corporation
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