Nixon issues inflation alert criticizes wage and price rises
President Nixon issued a second inflation alert targeting wage and price increases in construction oil and automotive sectors while the Council of Economic Advisers warned that failure to slow wage growth could slow policy aims. Democratic leaders condemned administration policy and urged a 30 to 60 day wage price freeze as the Fed cut loan rates and FHA VA mortgage ceilings.
MENTIONED IN THIS ARTICLE
New York
Nixon
Senate
Mike Mansfield
House
John McCormack
Carl Albert
Congress
Federal Reserve Board
Federal Housing Administration
The
Veterans Administration
Trade Winds Building Boom May Be A Bust
The piece argues a 1971 housing surge is unlikely to sustain the recovery. SUNY economist Dr. Edward Renshaw says population growth slows and high home prices damp demand, with vets driving apartment demand but overall construction set to dip. Mortgage finance shifts rise with lenders demanding high top-line yields, while factory profits and defense orders lag.
MENTIONED IN THIS ARTICLE
Lou
Vietnam
Mutual
Savings
Stock Quotation From The Associated Press
Interdealer NASD prices around 3 p.m. Thursday show representative quotes from Aerotron American Inst Dev to Wa Insurance. Lists include multiple banks, stores, and manufacturers with bid and asked figures, reflecting interdealer activity and excluding retail markups.
MENTIONED IN THIS ARTICLE
Associated Press
NASD
Decrease In Loans Reported in Fifth District Banks
Federal Reserve Bank of Richmond weekly survey shows 28 large Fifth District banks reduced gross loans by 66.239 million to 8.8818 billion for the week ending November 25. Demand deposits fell 35.358 million while time deposits rose 7.277 million. Investments increased 31.457 million. Nonfinancial loans rose 33.061 million with commercial and industrial loans climbing 5.174 million and consumer installment loans up 0.757 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Winstead Joins Towne Theatre Manager Post In High Point
Cecil G. Winstead formerly of Durham becomes manager of the Towne Theatre in High Point with extensive prior work in North Carolina theatres including Rocky Mount Durham and Wilson He also wrote magazine stories and worked on the Gangbusters radio program He is married to Gaynelle Harper and they have four children. Piedmont Airlines reports new daily passenger records with 11 191 on Nov 25 and 11 398 on Nov 29 plus an annual tally nearing 2 5 million passengers Family Dollar president Leon Levine cites record sales and earnings for the fiscal year ending Aug 31 1970 with 17 703 944 in sales and 1 067 088 in earnings and first quarter 1971 sales at 5 781 000 up 50 percent from 1970.
MENTIONED IN THIS ARTICLE
Cecil G. Winstead
Durham
Schneider and Merl
Towne
High Point
Winstead
North Carolina
Rocky Mount
Wilson
Worth Stewart
Stewart & Everett
Farmville
New York
South
Gaynelle Harper
Winston-Salem
Piedmont Airlines
Alrtime
Piedmont
District of Columbia
Leon Levine
Family Dollar Stores, Inc
Levine
Three High Point Realtors Attend 23rd Institute at UNC
Three High Point real estate dealers participate in the 23rd annual Realtors Institute at the University of North Carolina at Chapel Hill through December 12. A total of 351 registrants attend the one week schooling sponsored by the NC Real Estate Educational Foundation and the university. From High Point are Charles H. Dixon Wayne R. Mabe and Robert J. Wall Jr.
MENTIONED IN THIS ARTICLE
High Point
University of North Carolina At Chapel Hill
N.C. Real Estate Educational Foundation
University
Charles H. Dixon
Wayne R. Mabe
Robert J. Wall Jr
Mickey Printing Co Wins 3M Contest Regional Honor
Mickey Printing Co of High Point was named High Point region winner in 3M Company's national 1970 Printing Job of the Year. The entry included two catalogs Preface and East Wind for American of Martinsville Virginia.
MENTIONED IN THIS ARTICLE
Mickey Printing Co
English Rd
High Point
3M Company
Mickey Printing
American
Martinsville
Managers Meet W. W. Huffman on Human Escape Valve
Burlington Industries director of industrial relations W. W. Huffman will address the Greensboro Area Chapter of the Society for Advancement of Management at the December Ladies' Night. The meeting is Tuesday December 8 at Sedgefield Country Club starting 6 30 p m.
MENTIONED IN THIS ARTICLE
W. W. Huffman
Burlington Industries
Greensboro Area
Society For Advancement of Management
Sedgefield Country Club
Huffman
Also Mentioned on This Page
Veneer Sales Association
Func
Fine Hardwoods Assn
Jim Butler
George T. Kinley
Ross Coudell
Robert A. Gross
Howard Gatewood
Fine Hardwoods
Sonny Hedgecock
Aerotron American
Atlanta
Barber Green
Bassett Furniture
Billups
West Branch
Bnk
NC Brush
Beryllium
Buckbee Mears
Carmine Foods Care Stores
CMC Finance Carolina Cas Ins Carolina Caribean Carolina Fat Car
Carolina P&l
PFC
Carolina Steel Carolina Wise File
Vermont
Chatham Mig Co
Colonial Stors
PFD
Community Bank
Conner Homes
Cameron Brown
Cameron Brown Com
Wis
Durham Life Equitable Leasing Family Dollar Farmers New World First Mortgage
Vis First UN Nat Bancorp
Franklin Life Garfinkel Brooks Brs
Josiyn Mig Kaiser Steel
Kewaunee Scientific Knape & Vogt Mig Lance, Inc
Life of Carolina
Little Mint Lowes Companies
Ic Homes
Med Methods Electronics
National Dev Corp National Old Line Nationwide Homes North American Lite
Ncnb Corp N.C. Natural Gas
Debs Reid Provident Labs Roses
Mae Ave
A Wa Insurance
Ed Lyon, Jr
C.la
Gatewood Ave
Ray Hubbard
Michael Allen
Allen’s Nursery
Ramseur
Piedmont Association of Nurserymen
William Nelson
Nelson’s Nursery
Mooresville
Larry Wells
Farm & Garden Service
Thomasville
Charles O. Bell
University of North Carolina At
Greensboro
George P. Clark
C.S.A
Hayden Place
Mary Humphreys
W. High ST
Gilbert H. Clinard
Telephone
Reproductions, Inc
E. Westwood
Sam
Rm Atter
Robert McCuiston
South Main Street
Norelco
N. Main St
Wachovia
Wachovia Bank & Trust Company
N.A
Federal Deposit Insurance Corporation
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