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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Feb 10, 1974

Page

3

Government not coping with inflation says Kaufman

Monetary economist Henry Kaufman of Salomon Brothers argues inflation, not oil shortages, drives U.S. economic woes. He cites early price spikes, material scarcities, and disillusionment with policy, warning continued inflation will keep credit costs high and hinder a 1974 recovery.

New York Henry Kaufman Salomon Brothers Kaufman

Market Drops Amid Energy Worries Reflect Cautious Investors

The market fell last week as energy concerns weighed on sentiment. The AP 60-stock average ended Friday at 278.8, down 4.2 from the prior week while the Dow Jones 30 slipped 23.54 to close at 820.40.

Dow Jones

Nixon budget trims farm payments but boosts research spending

The Nixon administration proposes a 9.2 billion dollar Agriculture Department budget for the year starting July 1. Direct farmer payments drop from 2.5 billion to 461 million while food programs rise to about 5.9 billion. Spending will increase in 1974-75 for agencies conducting research and regulation, such as the Animal and Plant Health Inspection Service which would rise to 329.5 million from 308.8 million.

Don Kendall Washington Congress Nixon Agriculture Department USDA Animal and Plant Health Inspection Service Department Meat and Poultry Inspection Mexico Ames Iowa Agricultural Research Service Clay Center Neb Agricultural Marketing Service Commodity Exchange Authority Statistical Research Service Economic Research Service

Trend Shows Better Outlook for Housing Market

AP Business Analyst John Cunniff outlines a cautious shift as thrift institutions reverse losses. Savings flow back into home mortgage lenders, signaling a gradual housing upturn amid prior declines. The piece also recaps U.S. agricultural budget requests for 1974-75, including meat and poultry inspection expansion and meat research facilities.

John Cunniff New York Savings and Loan Associations Mutual Savings Banks Treasury and Industry

Business Notes and Appointments Across Carolinas and Virginia

Roger Hudspeth named Rose's store manager in Marion Virginia after years with Rose's fronts in High Point and Roanoke Rapids. Marlowe Van Loan adds Bill Walker in dye lab and Creed Smith in sales with prior roles at Hanes Monsanto Deering Milliken and more. Red Bird Cab head George Kapp elected NC Taxicab Assn president while Morganton Hosiery chief Stephen Bundy joins Wachovia board. Burlington Industries reports strong 1973 and optimistic 1974 with high quarterly earnings. David Tipton buys Haybles Hearth in High Point after Greensboro stint. Industry groups set February meetings in Winston-Salem and Greensboro. Richmond Fed shows district loan shifts. seminars at Wake Forest to train bank executives.

Bill R. Walker Marlowe- van Loan Corporation Walker Cloverdale Dye Mills Wamsutta Mills Black Mountain Beatrice Hager High Point Rt. 1 Thomasville Creed R. Smith Marlowe-Van Smith Western Carolina College Lcdr Coast Guard Reserve Deering-Milliken McCormick, D.C Hanes Corporation Winston- Salem Las Cruces N.M Monsanto Co Charlotte Stephen A. Bundy Morganton Wachovia Bank and Trust Company Bundy Morganton Hosiery Company Drexel Knitting Mills Dan River Jamestown Burlington Industries Wilmington Del Horace C. Jones Burlington

Also Mentioned on This Page

By Lou Schneider Wei Jemame National Employment Association NEA Member National Employment Asociat Dunhill OF High Point, Inc Graham & Associates Sneliing & Snelling Hoover Ca Associated Press Investment Life & Tr. Ma Nasional Associ J Kenan Transport Lance Ene Leggett & Platt Aerotran Liberty Bank & Trust American Furniture Life Assurance of Care Little Giant Atlanta Little Mint Pepsi Cola Lowe's Companies Ada Va Bancshares N.C Mack's Ava Bankers Trust Ncnb Corp NC Natural Gas Uis Branch Bank & Trust Brenner Inds Ome NoWestn Burkyarns Occidental Life Ins Oakwood Homes Burnup & Sims Ouiteth Burris Inds aVe Pan N Savety Vay CMC Finance Cameron Brown Wis Peoples Bank of Rocky Mt Cameron Financial Philips Foeve Cannon Mills Wa Piece Goods Piedmont Aviation Sua Carmine Foods Po Cry Piedmont Real Estate Ae Caralina Cas Southern Nat Corp Coca-Cola Ca. Consol Souther Nat Spartan Food Systems Colonial Life Vas Bank Greensboro Hames Synattran Corp Daniel Internat Noa AVY2 Textiles, Inc Thalthimer Bro. Ma Vermont American First Cit Bank& Trust Virginia International Virginia Natl. Bank Forsyth Bk&Tr Virginia Sayshares Franklin Life Ins Walker Shoe Guardian Corp Harrelson Rubber Am West Knitling Am Ta Henlg Meyers Cigat Industrial Bonnie Horney West High Street By Ray Hubbards Roger Hudspeth Rose’s Marion Hudspeth Roanoke Rapids Elizabeth City Lasea Lake Norfolk, ‘A George Kapp Red Bird Cab, Inc North Carolina Taxicab Assn Eckerd Drugs, Inc North Carolina David Tipton Haybles’ Hearth Sheraton Hotel Tipton Greensboro Piedmont Triad American Production and Inventory Control Society Sheraton Inn Winston-Salem Hal Mather Gw, Pless] & Co., Inc Charles O. DeWitt Internal Revenue Service Piedmont North Carolina Assn. of Certified Public Accountants LRS CPA Group Ramada Inn I-85 Richmond Federal Reserve Bank of Fifth Federal Reserve District Reserve District of Columbia Maryland Virginia South Carolina West Virginia North Wake Forest University Extra Profits Store Rapanos Trugk Leasing, Inc You Listener P&l Robert McCuiston C.la Timothy R. Yates Integon S. Hamilton St Lea A Fred G. Cutler North Elm & Westwood Stowe Farm State Farm Insurance Companies Bloomington Illinois fHoov Mayflower Granville Moving Hamilton St Fred P. Newby Steve Foster Craig Newby MGR Are Now Leasing CeCe el Highland Motors Eng Fay Maan
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