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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 30, 1970
Page
6
Government officials reported mild optimism as wholesale prices fell 0.5 percent in July led by a record drop in farm prices. They warned relief could fade if corn blight raises meat and cereal costs, while unemployment edged above 5 percent and labor markets remained weak.
New York observers report small business owners distrust the Nixon era CEA and warn the three man panel misreads the economy. Kennedy and McCracken project a near term upturn while inflation and deficits loom. July trade figures show a continued surplus despite weak growth and concerns over unemployment.
Quotations from the NASD are representative interdealer prices around 3 p.m. Thursday. Interdealer markets vary through the day and do not include retail markups markdowns or commissions.
North American Mills of Gastonia appoints Covert Textile Co of High Point to represent its upholstering knitted and tufted products for the furniture trade in the Atlantic Seaboard area with showrooms and offices to be established.
The Federal Reserve Bank of Richmond reports a weekly survey showing Fifth District banks increased gross loans by 2.214 million to 8.807134 million for the week ended Aug 19. Demand deposits rose 110.723 million and time deposits 25.898 million while total investments grew 69.693 million.
The Administrative Management Society AMS local chapter will meet Wednesday September 2 at 6 pm at Top of the Mart. Special guest Clyde Rudd Area 4 director will attend. Speaker Bill Lay, a Furman University graduate from South Carolina, will discuss business administration.
Brodie appointed account executive at Edwards Advertising Inc in High Point North Carolina after leaving Coker’s Pedi greed Seed Co. The Clemson graduate brings sales management experience to the firm.
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