Connally Picked to Replace Kennedy as Treasury Secretary
President Nixon names Texas Democrat John B. Connally to head the Treasury, aiming to buy political support and push fiscal policies. Inflation and unemployment loom as indicators show GNP surpassing $1 trillion while real growth remains flat. Industrial output fell for the fourth straight month in November, signaling possible recession. Surveys forecast inflation near 4 percent by 1972 and consumer confidence inching higher in 1971 with discretionary spending rising.
MENTIONED IN THIS ARTICLE
New York
Capitol Hill
Nixon
Texas
John B. Connally
Treasury
Kennedy
Connally
Congress
Princeton University
Dow closes down as market enters consolidation phase
The Dow Jones industrials finished at 22.77 on Friday, down 3.15 for the week amid a consolidation phase with solid resistance to profit taking. The 60 stock AP average slipped 1 point to 279.5 in the same period.
MENTIONED IN THIS ARTICLE
Associated Press
Bank debits rise across North Carolina markets in November
Richmond fed data show November debit activity up in major NC centers led by Raleigh and Durham increases. Greensboro Winston-Salem High Point and Wilmington each gain about 15 percent, Charlotte up 14 percent, Asheville 6 percent, with Kingston Wilson and Hickory also posting growth.
MENTIONED IN THIS ARTICLE
North Carolina
Federal Reserve Bank of
Richmond
Durham Standard
Raleigh
SMSA
Greensboro-Winston- Salem High Point
Wilmington
Fayetteville
Wilson
Hickory
U. S
Richmond Reserve Bank
Fifth District
Tobacco People Seek Equal TV Ads Time in 1971
Coastal Plain Warehouse Association officers in Wilson NC pushed for an earlier opening of the flue cured tobacco auction season in 1971. They plan to raise the issue at Raleigh next month and urged parity under FCC equal time rules if anti smoking ads begin after year’s start, as cigarette advertising will be banned from radio and TV.
Zoo Authority Adds Members to Advisory Board
The North Carolina Zoo Authority named six prominent Tar Heels to its advisory board, increasing membership to 54 after 48 were named earlier this month. New appointees include evangelist Billy Graham, Charlotte Mayor John Belk, Wilmington architect Charles Boney, Forrest Lackey of Aberdeen and Rockfish Railroad, John B. Hatfield of Greensboro, and Fred A. Coe Jr. of Burroughs-Wellcome in RTP.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina Zoo Authority
Evangelist Billy Graham
Charlotte
John Belk
Wilmington
Charles Boney
Forrest Lackey
Aberdeen and Rockfish Railroad
John B. Hatfield
Greensboro
Sears, Roebuck and Co
Fred A. Coe Jr
Burroughs- Wellcome Co
Research Triangle Park
Yost Declines Nixon Offer as UN Ambassador Name Draws Reaction
U S ambassador to the United Nations Charles W Yost said he will likely accept no other government post from President Nixon and prefers to return to writing and commenting on world affairs. He noted Texas Congressman George Bush was named to succeed him and declined to comment further.
MENTIONED IN THIS ARTICLE
United Nations (Ap
Charles W. Yost
U.S
United Nations
Nixon
Texas
George Bush
Yost
Stock Quotes From The Associated Press At 3 P.M.
Quotations from the NASD reflect representative interdealer prices around 3 p.m. Thursday. Interdealer markets fluctuate during the day and prices exclude retail markups, markdowns or commissions.
Trade Winds Jawboning Test In The Offing
North American Newspaper Alliance reports on bankers and businessmen reacting to the administrations inflation alert and Nixon's expansionary policy. They warn jawboning may shift public behavior but fear it lacks bite in a competitive economy. Leaders expect drift through a recession as consumer confidence remains weak.
MENTIONED IN THIS ARTICLE
New York
Nixon
Natural History of Economics
University of Chicago
Milton Friedman
Congress
Also Mentioned on This Page
Ther
Jfmamjjasond
Linda Rubby
Federal Reserve Board
Polic
Federal Reserve
Commerce Department
By Ray Hubbard
L. Paul Brayton
Davis Furniture Industries
High Point
Brayton
Davis Furniture
Lehigh Leopold
Litton Industries
Braytons
Burlington
Iowa
Ft. Wayne
Ind
Davis
Boston
Chicago
Denver
Los Angeles
Indianapolis
Southern Furniture Exposition
Wayne Pennington & Associates
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Ed Lyon, Jr
C.la
Gatewood Ave
Zoo Authority
Graham
Telephone
Reproductions, Inc
E. Westwood
Aan
Paris
Wiadh Petre
U.N
THE
Hi Furn BM
Home Security
Integon Cirp
Josign M
Kaiser Steel
Kewaunee Scientific
Wve
Kanpe & Vog Mig
American
Devon Lance, Inc
American Mortgate
Ky Life of Carolina
Atlanta Gas Light
Little Mint
Lowes Companies Brigadier and
Barber Greene
Medic Homes
Bassett Furniture
P&l
Carolina
Central Vermont
People Bank & Trust
Cochrane Furn
Nat'l
Bk & Tr
Colonial Stars
Phillips Fescue Conner Homes
Piedmont Aviation Craddock Terry
Quali Mills
Cameron Brown
Realstate Fund
Cameron Brown Com
Cameron Brown Wts
Ible Durham Life
Ruddick Common
Cess Ny Prec Co
Equitable Leasing
Net Corp
First UN Natual
Franklin Life
Trans Oe Pipeline
Voeual
Garfinckel Brooks Brs
Georgia International
Wediovie Rea
Guardian Care Pe
Western c Hall
Farmers New Insur
Hardees Sys Com
Machinery
Wachovia
Wachovia Bank & Trust Company
N.A
Federal Deposit Insurance Corporation
Lou Schneider
North American Newspaper Alliance
Robert McCuiston
C.L.A
South Main
Integoa
Integon’ Financial Services
George P. Clark
C.S.A
Hayden Place
Norelco
N. Main St
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