Nixon Eases China Trade Rules and U.S. Economy Advances
President Nixon liberalizes commerce with the People's Republic of China lifting restrictions on locomotives construction equipment engines and industrial chemicals. The Fed reports a January industrial output rise of 0.3 percent while personal income climbs to 660.9 billion annually. AT&T names John D. deButts as chairman and CEO as H. L. Romnes retires April 1 with Robert D. Lilley becoming president.
MENTIONED IN THIS ARTICLE
Linda Rubey
NEW York (Ap
China
Nixon
People’s Republic of China
Soviet Union
U.S. Treasury
Federal Reserve Board
Commerce Department
Treasury
John B. Connally
Congress
Connally
U.S
United States
American Telephone & Telegraph Co
John D. deButts
H. L. Romnes
Robert D. Lilley
Romnes
Trade Winds Full Employment Is Long Way Off
Dr. Herbert Stein of the CEA forecasts a further drop in joblessness in January and hints at a five percent unemployment target by year end. Ezra Solomon fixes full employment at 1974, while Nixon's budget signals welfare and education spending with little impact on production and jobs. The piece questions inflation, wage controls, deficits, and long term growth prospects.
MENTIONED IN THIS ARTICLE
New York
Herbert Stein
President's Council of Economic Advisers
CEA
Congress
Ezra Solomon
House
Ways and Means
Nixon
Market Mix Holds Steady Then Slumps Amid Profit Taking
The week opened soft, rose midweek, then fell as investors took profits. The AP 60 stock average closed Friday at 327.5, down 2.9 from 330.4 a week earlier. The Dow Jones 30 ended at 917.52, off 0.07 from last Friday’s 917.59.
MENTIONED IN THIS ARTICLE
Dow Jones
Peddling Unchanged Farm Marketing Methods Archaic
A Capitol Hill study calls the American farm marketing system archaic and costly to farmers and consumers. Arthur Moczygemba leads NARIS Inc. Rep. Gonzalez distributes copies. The report suggests tougher, mandatory marketing associations and potential elimination of federal payments.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Arthur J. Moezygemba
San Antonio
Naris, Inc
Henry B. Gonzalez
D-Tex
House
Moczygemba
Associated Milkers, Inc
Congress
America
Wachovia Applies to Open Cayman Islands Branch
Wachovia Bank and Trust Co. N A seeks permission to open a branch in Georgetown Grand Cayman Island Cayman Islands pending approval by U S and Cayman regulatory authorities The branch would deal in euro currencies serve domestic firms with international needs overseas subsidiaries of U S companies foreign firms and governments Wachovia maintains an Nassau Bahamas office and 158 offices in 63 North Carolina cities
MENTIONED IN THIS ARTICLE
Wachovia Bank and Trust Co
N. A
Cayman Islands
British West Indies
United States
Grand Caymans
Georgetown
Grand Cayman Island
U. S
Wachovia Bank
Nassau
Bahamas
North Carolina
Stock Quotes From The Associated Press
Quotations from the NASO represent interdealer prices around 3 p.m. Thursday and exclude mark ups, mark downs, or commissions. Interdealer markets fluctuate throughout the day.
MENTIONED IN THIS ARTICLE
NASO
Williard Promoted to Assistant Manager at Integon Corp
J Wayne Williard Jr of 1503 Whitehall St named assistant manager in Integon Corp credit insurance. He has worked with Integon since 1962, most recently as regional sales manager for NC, SC, and GA. A separate one day seminar on managerial goal setting and motivation will be led by Dr Charles L Hughs of Texas Instruments at the Holiday Inn Four Seasons Greensboro.
MENTIONED IN THIS ARTICLE
J. Wayne Williard Jr
Whitehall St
Integon Corp
Williard
Winston-Salem
Integon
North Carolina
South Carolina
Georgia
Society For Advancement of Management
American Institute of Industrial Engineers
Charles L. Hughs
Texas Instruments, Inc
Holiday Inn Four Seasons
Greensboro
Hughes
James Giles
Blue Bell, Inc
Don Tickle
Dunning Industries
Piedmont Aviation reports 1971 earnings turn positive
Piedmont Aviation Inc reports net earnings of 383,782 dollars or 0.17 per share for 1971 versus a 2.57 million dollar loss or 1.17 per share in 1970. The airline unit posted a loss and the general aviation segment earned 824,004 dollars as traffic rose and revenues increased.
MENTIONED IN THIS ARTICLE
Piedmont Aviation, Inc
T. W. Morton
Civil Aeronautics Board
Banks in Fifth District See Loans Fall Week End Feb 9
Federal Reserve data show gross loans at 28 large Fifth District banks fell 13.404 million to 10.430445 billion for the week ending February 9. Demand deposits declined while interbank loans adjusted down 26.666 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Also Mentioned on This Page
Peking
By Lou Schneider
North American Newspapers Alliance
Jasono
Wachovia
Ed Lyon, Jr
C.la
THE
Associated Press
Garrick Brooks
Acorete Georgia
Harreisn
Hoover
Joslyn Mig
Kenan Transport
Kewaunee Scatte
Knape & Vogt
Aerotron
Lance
Atlanta
Little Mint Berber Greene
Lowes Co
Macks Stores
NC Mia
Eletron Ro
Carmine Foods
Carolinas Cas Inc
J's Peoples Bank
Caro P&l
Planters
Tri South Mor Wis
Conner Homes
Tri South Mor Unts
Durham Life
Paso Olec
Vt Amer
Equitable Leas
Walker
D Farmers NW
United Car Banks
Shurwood Shopping Center
Arnet Blvd
Danville, Va
Hobart
BEN Hoffmeyer Auction CO
Oaklawn Ave
Charlotte
N. C
Highland Leasing
Highland Motors, Inc
N. Main St
High Point
N.C
Olds - Cadillac
Ray Hubbard
George P. Clark
C.S.A
Hayden Place
Robert McCuiston
South Main Street
Ae Lanier Williams
Ferrell Realty CO
Oldsmobile
Highland Leasing Division of
High Point, N.C
Kiers Face Veneer Company Inc
Lane Ave
Tagliabre
Frank B. Wyatt
Receiver Law Building
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