Foreign Market Tension Moves US Business Picture
Foreign exchange strains, budget battles, and a Penn Central strike disrupted the week. The dollar faced downward pressure tied to West Germany and dollar realignment talks. Banking concerns grew as officials debated a two tier exchange and higher interest rates.
MENTIONED IN THIS ARTICLE
New York
United Transportation Union
Penn Central Railroad
Senate
House
Washington
West Germany
Wilbur Mills
D-Ark
Ways and Means Committee
Stock Quotations Reported By The Associated Press
A compact stock briefing lists quotations compiled by the Associated Press at 7 a m. It includes percentage changes and figures across multiple securities, with brief shifts indicated for each entry.
Market Turns Up on First Solid Friday Advance
The stock market rose Friday marking its first solid gain since the Phase III policy was announced. The Dow Jones averaged 979.46, up 12.27 from Thursday after a weekly decline, while the Associated Press average finished at 323.8, up 3.9 from Thursday. Analysts cited investor optimism about new government measures.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Farm Bureau Signals Support for new EC Trade Talks
The American Farm Bureau Federation backs Nixon aims to wind down direct subsidies while favoring retained acreage controls for now. Officials say exports should grow to ease subsidies as March talks with the European Community set the direction for expanded markets and costs.
MENTIONED IN THIS ARTICLE
Washington
American Farm Bureau Federation
Nixon Administration
United States
The
Farm Bureau
Nixon
Earl L. Butz
European Community
U.S
Britain
Ireland
Denmark
First Union Names Van Doren as Commercial Loan Officer
Robert L. Van Doren Jr will become commercial loan officer and business development head in First Union National Bank High Point starting Feb 12 1973. A Columbia SC native and Sewanee graduate he has held multiple roles at First Union since 1967 including branch manager in Archdale and Friendly Center Greensboro and a six week credit workshop in Charlotte. He serves on several Greensboro organizations. Northern Piedmont SME chapter 82 will meet at Holiday Inn West Winston-Salem on Monday with Charles K Hay of Houston as guest speaker. Life of Carolina reports 1972 statutory loss from operations of 72742 with premium income of 4589636 and assets of 4686556. Southern Film Extruders posts 1972 net sales of 5226268 with net income 49100. Richmond Fed reports Fifth District banks’ loans and deposits shifts for week ending Jan 31.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers
ASK
É Id, Inc
Aerotron
American Furniture
Atlanta
Gas Light Atlantic
Pepsi Cola
Auto Train
Bancshares
N. É
Bankers Trust of
Bassett Furniture
Bill Allen Com
Bluefield Supply
Branch Bank & Trust
Brenner
Burkyarns Burnup & Sims
Burris Inds
CMC Finance
Cameron Brown
Cameron Financial
Cannon Mills
Carolando Com
Carolando
el Paso Electric
Environmental Control
Equitable Leasing
Farmers New World Life
Fidelity Corp
First Mart
N.C
FNB
Catawba
Foodtown
Franklin Life Ins
Garfinckel Brooks
Guardian Corp
Harrelson Rubber
Heilig Meyers
Henredon Furniture
Roger Properties
Lance Inc
Lane Companies
Oakwood Homes
Save Peoples Bank of Rocky Phillips Fescue
Piedmont Aviation Piedmont Real Estate Planters Bank
Rocky Provident Financial Public Service of NC Quality Mills
Rahall
Redfern Foods
Reid-Provident Labs
Rex Plastics
Rose’s Stores
Hughes Supply Huntley of York
Integon Corp
Interstate Corp. Investors
Ins Investors Title Ins Investment Life & Tr. Jacks Food
J. B. Ivey
Kenan Transport
Kewaunee Scientific
Robert L. van Doren, Jr
High Point
First Union National Bank
Columbia, S.C
van Doren
University of the South
Life of Carolina
Grover H. Cole
Cole
Southern Film Extruders, Inc
J. L. Bull Jr
Also Mentioned on This Page
Mars
Knape & Vogt Mfg
Rose’s
Royal Scotsman
Safeguard Auto Www
Salem Carpet
Sam Soloman
Liberty Bank & Trust
Savannah Foods
Life Assurance of Care
Security Finance Corp
Little Mint
Shoneys Big Boy
Lowe's Companies
Sonoco Products
Mack’s
S.C. National Corp
Methods Electronics
Southern National Corp
Southern National
Multimedia
Spartan Food Systems
Ncne Corp. Gas
Sugardale Foods
NC Natural
Super Dollar Stores
Northwest Fin. Corp Synercon Corp
Textiles, Inc
Thalhimer Bros
Occidental Life Ins
Inkwood Homes
Transport Data
Tri-South Mart
Pay
Triangle Brick
Peoples Bank of
Rocky Mt
Turner Communications
Phillips Fescue
Unifi Inc
Piece Goods Shops
United Care, Bancshares
Vermont American
Piedmont Aviation
Piedmont Real Estate
Virginia International
Planters Bank Rocky Mf
Virginia Lavshares Provident Financial Sve
B. B. Walker Shoe
Public Service of NC Wa
Washington Group
Quality Mills
Wellington Hall
Rahall Comm
Wa West Knitting
White Shield Co
Wix Corp
Wright Machinery
Ed Lyon, Jr
C.L.A
England
North Carolina
Nat. Bank
J.W. Clontz
Clarence C. Boyan
C. Richard Tate, JR
Clontz, Boyan, Gardner & Tate
Suite
the Legal Center
South
Hamilton Street
Bureau
Highland Leasing
Highland
Cadillac Leasing
Highland Motors Inc
N. Main St
Cadillac
Ray Hubbarde
Northern Piedmont
Society of Manu
Holiday Inn-West
Winston-Salem
Piedmont Triad Area
Charles K. Hay
Houston
Tex
Hughes Tool Co
Hay
SME
Dearborn
Mich
Richmond
Federal Reserve Bank of Richmond
Federal Reserve District
District of Columbia
Maryland
Virginia
South Carolina
West Virginia
CLU
American College of Life Underwriters
Bryn Mawr
Pennsylvania
American Society OF Chartered Life Underwriters
David W. Adams
W. Roland Albertson
N. Calhoun Anderson
J. Leslie Andrews
Robert L. Carlson
John A. Cocklereece Clu
George P. Clark
Grover H. Cole Clu
John Czarnecki
Delbert R. Kirkman
Edwin R. Lyon, Jr
Robert McCuiston Clu
Bob L. Parrish Clu
Jack W. Smith Clu
Paul Owen Clu
Pete G.E. Schultheiss Clu
W.C. White
Vanguard
Vanguard I
WU Ay
Cee Artists
Teouthern Photo Print & Supply Company
N. Wrenn High Point N.C