New Words for Economy Face Tougher Times
The AP reports economists debate the pace of a recovery amid a fragile economy. Weighing contraction versus growth, they note consumer spending could drive a turnaround while business cuts and defense reductions temper the rebound. Tax changes and social security boosts could lift spendable income in 1970.
MENTIONED IN THIS ARTICLE
New York
F. Thomas Juster
National Bureau of Economic Research
Bureau
Penn Central
Bernard Lashinsky
Inland Steel Co
Commerce Department
Harold C. Passer
Commerce Secretary
Commerce
Paul McCracken
President’s Council On Economic Advisers
Thomasville Furniture opens new warehouse site
Thomasville Furniture Industries president Tom A. Finch of Armstrong Cork Co. says the new facility adds space to replace the rented warehouse destroyed by fire and to support business growth.
MENTIONED IN THIS ARTICLE
Thomasville
Thomasville Furniture Industries
Tom A. Finch
Armstrong Cork Co
New Carpet Store Opens in High Point Outlet
Salem Carpet Mills Inc opens a High Point outlet at 121 E Lexington Ave with a Friday ribbon cutting. The new store expands the firm’s chain across Virginia Tennessee North and South Carolina and Georgia while the headquarters and distribution center remain in Winston-Salem and manufacturing is in Ringgold Georgia.
MENTIONED IN THIS ARTICLE
High Point
Salem Carpet Mills, Inc
Lexington Ave
Virginia
Tennessee
North and
South Carolina
Georgia
Winston-Salem
Ringgold
Bank Debits Rise Across North Carolina in July
The Federal Reserve Bank of Richmond reports July bank debits up across North Carolina SMSAs led by a 48 percent jump in Raleigh from 1.032 to 1.536 billion dollars. Charlotte up 16 percent to 2.038 billion, Fayetteville 10 percent to 179.4 million, Wilmington 9 percent to 159.1 million, Greensboro–Winston-Salem–High Point 8 percent to 2.108 billion, Durham 4 percent to 353.9 million, and Asheville 2 percent to 243.5 million. The note also covers NCNB personnel shifts in automated services and a Diversey Chemical district promotion for William Stack.
MENTIONED IN THIS ARTICLE
North Carolina
Federal Reserve Bank of Richmond
Raleigh Standard
Charlotte
Greensboro - Winston-Salem- High Point
SMSA
Durham
U. S. Bank
Fifth District
Morganton
Hickory
Tryon Statesville
Greensboro
North Wilkesboro
Winston-Salem
High Point
Thomasville
Thomas E. Stanley
NCNB
Burlington
Raleigh
Chapel Hill
Tarboro
Fayetteville
Greenville
Wilmington
Boyce H. Gault Jr
Eugene V. Scruggs
Donald F. Allen
Over the Counter Stocks Listed by Associated Press
The Associated Press compiles over the counter stock quotes showing price moves and daily changes. Investors monitor small cap and pink sheet listings for potential shifts in value.
MENTIONED IN THIS ARTICLE
THE
Associated Press
Toyota sales set new record in five states May report
Toyota retail sales in May hit 15,979 nationwide while five states accounted for a record share. Southeast Toyota Distributors president Jim Moran said the distributor’s markets include Florida Georgia Alabama and the Carolinas where 11.7 percent of all Toyotas were sold.
MENTIONED IN THIS ARTICLE
Toyota
United States
Jim Moran
Southeast
Toyota Distributors, Inc
Florida
Georgia
Alabama
South
North Carolina
NCNB Corp declares quarterly dividend of 18 cents
NCNB Corp. directors have declared a regular quarterly dividend of 18 cents per share payable September 25 to shareholders on record as of September 4. The announcement outlines the payment schedule and eligibility date for the dividend.
MENTIONED IN THIS ARTICLE
Ncnb Corp
Pilot Life reps D. R. Williams and J. D. Chambers Return from Asheville Convention
High Point representatives for Pilot Life Insurance Company attended a four day convention in Asheville. The event recognized top sales and service performance during a 12 month period and drew more than 180 representatives and their wives. Special meetings with home office executives highlighted the event.
MENTIONED IN THIS ARTICLE
D. R. Williams
J. D. Chambers
High Point
Pilot Life Insurance Company
Asheville
Pilot
Home Office
Charley Thaler Named Representative for National Springs Corp
Charley Thaler of Gets Sales Post has been named representative for National Springs Corp of High Point. He covers Maryland District of Columbia and Pennsylvania and brings more than 30 years in the spring industry.
MENTIONED IN THIS ARTICLE
C. A
Charley) Thaler
National Springs Corp
High Point
Maryland
District of Columbia
Pennsylvania
Thaler
Detroit Fights Mini Car Battle with Ford Pinto and rivals
Ford Pinto, GM Vega, and AMC Gremlin join the race against the Volkswagen Beetle as American automakers unveil subcompact models. Each offers different sizes, engines, and options with GM predicting 400,000 Vega sales in year one and Ford aiming for similar Pinto figures. Chrysler plans foreign entries later.
MENTIONED IN THIS ARTICLE
Detroit
Ford
General Motors
American Motors
United States
AMC
Chrysler Corp
Chrysler
Volkswagen
Im Group
Las Vegas
Henry Ford II
Japan
Toyota
West Germany
Opel
Buick
Italy
Fiat
Gremlin
Pinto
Buffalo
N.Y
Subcompact Comparisons: Beetle Gremlin Vega and Pinto
Detroit AP reports comparative specs for sub compacts VW Beetle AMC Gremlin Chevrolet Vega and Ford Pinto. Lengths range 158.7 to 169.7 inches widths from 61.0 to 70.6 inches heights 50.0 to 59.1 inches weights span 1,808 to 2,633 pounds.
MENTIONED IN THIS ARTICLE
Detroit
American Motors
Ford
Also Mentioned on This Page
TFI
Art Richardson
Ray Hubbard
North Carolina National Bank
D. Lynn Burris
William Stack
Diversey Chemical Co
Diversey Chemical
Stack
Tium le
Old Line
Buckbee Mears Secu
Hationwide Homes
North American Life
N.C
Caroling Freight Carr Northwestern Fiinancial
Pwr & LY
Occidentiy
Fio Ae Peoples Bank & Trust
Bk & Tre
Phillips
Estonia
Ruddick
Sonace
Textiles National Corp
Trans
New World Life
Vermont
al Welker
Caroline
Holiday Inn
Gilbert H. Clinard
George P. Clark
C.S.A
Hayden Place
Snelling
Sneling
Steve Reagan
Joy Watson
al Alexander
CEC - Management
Gatewood Building
Ed Lyon, Jr
C.la
Gatewood Ave
E. Westwood
Lowell McKirgan
Lane
Jefferson Standard
W. High Sto
Robert McCuiston
C.L.A
South Main Street
Integon
Integon' Financial Services
Lester Morgan
Buelova Watch Company
High Point Area
Bulova
Er ——— Jewelers
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