Week In Business Signals Domestic Economic Improvement
The federal report shows November industrial production up 0.8 percent and housing starts rising to 2.316 million annual rate in November. Retail sales climbed 4 percent for the week ending December 11, with a year over year gain of 11 percent for the latest four weeks. Reductions in prime rates by Chase Manhattan and Morgan Guaranty indicate looser money, while price boosts for GE, RCA tubes, Burlington cotton, and US Steel tin and sheet mill prices add inflation pressure.
MENTIONED IN THIS ARTICLE
David Burke
New York
Nixon
Azores
Pompidou
U.S
Federal Reserve Board
Department of Housing and Urban Development
HUD
Commerce Department
Chase Manhattan Bank
Morgan Guaranty Trust Co
Federal Reserve
New York Giants
Price Commission
General Electric
RCA
Burlington Industries
U.S. Steel
Market Averages Climb on Optimism About Monetary Problems
The Associated Press average of 60 stocks closed at 317.6, up 5.6 points from last Friday. The Dow Jones average of 30 industrials rose to 873.80, up 17.05 from the prior week. Analysts credit investor optimism over international monetary issues for much of the gain.
MENTIONED IN THIS ARTICLE
Associated Press
Dow Jones
Record crop year masks farm income squeeze and set aside critique
The Agriculture Department expects about a million farms to disappear by 1980, though most farmers doubt they will be among casualties. 1971 saw record crops with 5.5 billion bushels of corn, plus highs in wheat and soybeans, yet farm income may not rise in 1972. Exports hit a record $7.8 billion, and Earl L. Butz vows price support while critics fault the set aside program. Hog output stays strong despite low prices.
MENTIONED IN THIS ARTICLE
U.S
Earl L. Butz
Nixon
Clifford M. Hardin
Soviet Union
Eevee
USDA
Ein Npt
North Carolina Furniture Uses Decline in Domestic Lumber
A 1968 study shows NC furniture plants used about 296 million board feet of domestic lumber with a steady decline over 20 years. About 27 percent came from NC, down from over 40 percent in earlier years, with WV, SC, and shared MD NY PA supplying the rest.
MENTIONED IN THIS ARTICLE
North Carolina
Aares
Hardwood Research Council
Statesville
Southeastern Forest Experiment
Southern Furniture Manufacturers Association
Milton Applefield
Athens
U. S. Forest Service
Forestry Sciences Laboratory
Applefield
West Virginia
South Carolina
Maryland
New York
Pennsylvania
Georgia
Mississippi
Louisiana
Alabama
Virginia
Tennessee
Kentucky
Draft Board Sets Office Schedule
The local draft board office will be open Thursday only next, according to Mrs. Peggy Hulin, executive secretary to the Draft Board. The office will be open from 8:15 a.m. on Thursday, December 30, and will be open all day Friday, December 31.
MENTIONED IN THIS ARTICLE
Draft Board
Peggy Hulin
Sens
Bank Loans Rise in Fifth District and Government Salaries Trend
Richmond Federal Reserve survey shows 28 major Fifth District banks increased gross loans by 215.6 million to 10.169 billion in the week ending December 8. Domestic commercial loans up, nonfinancial loans up, while financial loans fall. Government salaries rise faster than private pay. government employment grows 50 percent since 1960. Burlington Industries promotes three executives to division vice presidents in finishing, yarn, and weaving with multiple plant assignments.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Federal Reserve District
The
Tax Foundation, Inc
Finance Facts
National Consumer Finance Association
Burlington House Decorative Fabrics
Burlington Industries
B. J. Adams
John King
William L. Whisnant
Mushroom season sets record in 1970 71 outputs
The 1970 71 mushroom season proved the busiest in industry history with total production reaching 207 million pounds for the year.
Government Pay Gap Questioned by 1970 Data
Federal salary comparisons show private sector advantages narrowing as 1970 figures challenge the belief that government jobs pay less. The data highlight competitiveness shifts across agencies and regions, suggesting pay parity movements and merit considerations amid inflation.
Over-the-Counter Stock Quotes Guidance
The Associated Press notes NASD quotations reflect approximate interdealer prices near 3 p.m. Thursday and exclude markups discounts or commissions. Interdealer markets vary throughout the day and are not fixed.
MENTIONED IN THIS ARTICLE
Associated Press
Forester James Holt Smith Named Senior for Catawba Timber
James Holt Smith, native of Lenoir and longtime forester with Catawba Timber since 1967, is named senior forester for Catawba Timber Co. in Bowaters Carolina Corp. He previously worked for Virginia Carolina Forest Products in Stokesdale and is a North Carolina State University forest management graduate. He is active with the Society of American Foresters and Piedmont Forestry Club, plus Boy Scouts and Jamestown church work. He is married to Betty Conley of Marion. they have a son and daughter and reside in Jamestown.
MENTIONED IN THIS ARTICLE
James Holt Smith
Catawba Timber Co
Woodlands Organization
Bowaters Carolina Corp
Catawba
S.C
Lenoir
Catawba Timber
Virginia- Carolina Forest Products
Stokesdale
N.C. State University
Society of American Foresters
Piedmont Forestry Club
Jamestown
Smith
Betty Conley
Marion
Also Mentioned on This Page
Fmam 3
Washington
Agriculture Department
Lier
Ed Lyon, Jr
C.la
Nat. Bank
Lease Jou
Highland Motors Inc
N. Main St
High Point
N.C
Olds
Cadillac
Y Hubbard
Burlington
Adams 7
House
Sheffield
Rocky Mount
King
Pioneer 1
Smithfield
Caldwell
Rhodhils
Graham
Whisnant
Galaxia
Pioneer 2
Williamsburg
Caswell County
Federal
Franklin Lite
Garricki Brooks
Lowes Co
Macks Stores
Eletron
Nat
Dev Corp
Old Line
NW Finan
Aerotron
Occidental Life
Atlanta
Pay
Save Ve
Boarber
Greene Peoples Bank
Planters Nati Bank
Binnings Black Ind
Pav
Bank NC
Roses
United Carolina Bks
Champ Parts Chatha
Vt Amer
Walker BB
Efency
Harreisa
Conner Homes
Home
Durham Life
Hoover
el Paso Euu
Joslyn Mfg
Equitable Leas
NW Ins Kenan Transport
Kewaunee Sentfe
I Ist First Provident Ins Sa
Knape & Vogt Mfg
Foodtown
tores —o———_ Little Mint
Forestry Post
George P. Clark
C.L.U
Hayden Place
Mntegon
Robert McCuiston, C.sa
South Main Street
North State
Nigh Point
Thomasville
Archdale
Randleman
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