Airlines Face Holiday Crunch With Empty Seats Expected
Air carriers report fuel shortages and travel demand may leave many Christmas flights with empty seats. No show rates rise with 10 percent norm. United 19 percent, American 16 percent for Thanksgiving. Continental proposes two day ticket purchases to back reservations. CAB suspends United discount plan and approves international fare increases. Domestic fares rise 5 percent. fuel surcharges discussed with American seeking a direct link to fuel costs. Carroll Brunthave predicts 1974 looks strong as world crop rebound noted.
MENTIONED IN THIS ARTICLE
Stephen H. Miller
AP Business News
NEW York (Ap
Trans World Airlines
United Airlines
American Airlines
Continental Airlines
Civil Aeronautics Board
Continental
United
Florida
Delia
Eastern
CAB
American
Asst
Carroll G. Brunthave
Trade Winds Forecast Unbelievably Bad Inflation Ahead
North American Newspaper Alliance reports economists predict six to eight percent inflation over the next six months ending mid 1974. Energy shortages and Arab oil embargo concerns push costs higher across goods and services. Bankers Trust NY chief John Hannon Jr. cautions limited relief in credit markets as prices rise. Consumers fear tighter budgets and markets respond with cautious stock activity.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American Newspaper Alliance
New York
Washington
United States
Harris
John Hannon Jr
Bankers Trust of New York
Hannon
Federal Reserve
Fed
Arthur Burns
Stengthen
Bankers Trust
Wall
Stock Quotations From The National Markets Report
Daily quotations from the Associated Press listing interdealer bids and asks as of 3:30 p.m. for numerous companies and financials. Readable items include Coca-Cola Co, North Carolina banks, textile firms, furniture makers, and utilities, with bid and ask values noted for many issues.
MENTIONED IN THIS ARTICLE
Associated Press
National Association of Securities
Aerotron Me
Atlanta Gas Light
Atlantic Pepsi Cola Sa
N.C. B
Bankers Trust
SC Wood Bassett Furniture
Beaman Corp
Bank & Trust
Brennernds_ Ga
Burkyarns
Burnup & Sims
Burks Inds
Dle
CMC Finance
Cameron Brown Wis
Cameron Financial
Cannon Mills
Carmine Foods Va
Carolina Cas. Ins
Carolina P&l
State Bank Wy
Caroling Steel
Carolina Wise Fla
Caro Corp
Central Care
Central Vermont UA
Champion
Paris Rebs
Cochrane Furniture Wa
Colonial Life Cl
Bank Greensboro
Daniel Internat
Catawba
Forsyth
San Franklin
Guardian Carp
Harrelson Rubber
Heilig Meyers Aya
Henredon Furniture
Hickory Furniture Wa
Home Security
Dove
Hoover Co
Investment Life & Tr
J.B. Ivey
Leggett & Platt
Uberty Bank&tr
Pane Life Assurance of Care
Little Mint
Lowe's
Mack’s Stares
Dss She Multimedia Wa Bim
Ncnb Corp
NC Natural Gas
Northwest Fin Carp
NoWesta
Uis
Vahley NoWesta
Wista
Occidental
Oakwood Homes
Ozite Ae Aay
Peaples Bank of Rocky Mt
Phillips Fescue
Piedmont Aviation
Piedmont Real Estate
Bk Rocky Mt
Two-Tier Interest Rates Forecast by Bank Leader Clausen
New York interview with Tom Clausen of Bank of America outlines 1974 rate trends. Short term rates easing while long term rates stay firm, inflation driving higher costs, devaluation fueling domestic inflation, and calls for a tax to curb inflation. Clausen emphasizes foreign familiarity with the U.S. economy and warns against reliance on price controls.
MENTIONED IN THIS ARTICLE
Gerald M. Loeb
Allignee
New York
Wendell Wilkie
Tom Clausen
Bank of America
Clausen
Averages Rise as Stock Averages Climb Week Over Week
The last week saw the AP stock average rise to 273.2 from 270.4 while the Dow Jones 3¢ industrials finished at 818.75, up from 815.62. Analysts cited investor anticipation of energy sector developments shaping potential economic impact.
1974 Farm Prospects Uncertain
AP report on the National Agricultural Outlook Conference where economists and officials warned that 1974 holds great uncertainty for farming. Net farm income could range from 20 to 23 billion dollars, with outcomes depending on weather, energy, and world markets. Butz described a new ball game amid hopes for peace and affluence reducing production controls.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
St. Nick
C. Kyle Randall
Outlook and Situation Board
Randall
Agriculture
Earl L. Butz
Butz
McLean Trucking promotes two in revenue unit
Jesse E. Smith is named assistant director of revenue accounting and Ronnie W. Kennedy promoted to manager interline collections, effective Jan 1. Both will remain at McLean’s Winston-Salem offices. Smith joined in 1952 and Kennedy since 1960. Kennedy also serves as secretary treasurer of the NC Accounting Council. Piedmont Gas awards five 25 to 5 year pins to local employees. Bank debits in NC centers rose in November per Richmond Fed with notable gains in Gastonia Raleigh Charlotte Greensboro-Winston-Salem-High Point Wilmington Asheville and Kinston figures.
MENTIONED IN THIS ARTICLE
Winston-Salem
Jesse E. Smith
Ronnie W. Kennedy
Smith
M. M. Cooke
McLean Trucking Co
Smith and Kennedy
McLean General
Waughtown Street
Winston- Salem
McLean Organization
North Carolina Accounting
North Carolina Motor Carriers Association
Winston Lodge
B.P.O. Ellis
Hattiesburg, Miss
R. J. Reynolds High School
University of North Carolina At
Chapel Hill
Kennedy
Interline Collections
Credit Executive Committee
North Carolina Accounting Council
High Point
Ledford High School
Linda
Rt. 2
Piedmont Natural Gas Company
Reo P. Smith
Royal Oaks Drive
Thomasville
Jack W. Snider
Stratford Road
James E. Landrum
Liberty Road
John H. Ozment
Friddle Street
Walter D. Steelman
West
Springfield
Richmond
North Carolina
Federal Reserve Bank of Richmond
Greensboro - Winston-Salem
Wilmington
SMSA
Asheville
Also Mentioned on This Page
A _ H.gn Point Enterprise
Seneca Products
National Corp
Southern War Corp
Southern Nat
Spartan Food Systems
Wye Super Dollar Stores
Synercon Corp. Ta Bia Telereat Leasing
Textiles. Inc
Thalhimer Bros
Transco Companies
Transport Data Commun
TrhSouth Mort
Wis
Triangle Brick Unifs Inc
Alaals United Core
Bancshares
Pixies
Wohl
Loeb
Wall Street
Fred G. Culler
North Elm & Westwood
Neghbor
State Farm Insurance Companies
Bloomington
Illinois
DOW Jones
FMAM
SFMAM
Teyonese
Ervices
Bonnie Horney
West High Street
R.E
Bob” Lee
Jafferson Vlaniard
Hubbard
Brenda
Queensway Road
This City
Gastonia Standard
Raleigh
Kinston
Wilson
Hickory
Etna Business Credit, Inc
Hamilton St
N.C
Allstate Leasing & Acceptance Corporation
T.M. Allstate Leasing & Acceptance Corporation
No. Carolina
CeCe aMr At
No. Carolina Corporation
Allstate Leasing & Acceptance Corp
Ayee Charlott
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