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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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Wei
Jemame
National Employment Association
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Hoover Ca
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Kenan Transport
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Pepsi Cola
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Ada
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Mack's
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NoWestn
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Occidental Life Ins
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Burnup & Sims
Ouiteth
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aVe Pan N Savety Vay
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Peoples Bank of Rocky Mt
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Sua Carmine Foods Po Cry Piedmont Real Estate Ae
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Souther Nat
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Vas
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Daniel Internat
Noa
AVY2 Textiles, Inc
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Franklin Life Ins
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Am West Knitling Am Ta Henlg Meyers
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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
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Are Now Leasing
CeCe el Highland Motors Eng Fay Maan