Administration outlines cautious inflation plan in new Nixon era
The Nixon administration unveiled its economic strategy led by Treasury Secretary David M. Kennedy, promising to fight inflation without triggering heavy unemployment. It signals extension of the 10 percent income tax surcharge beyond June and maintenance of the $35 per ounce gold price to stabilize the dollar, with emphasis on responsible budgeting and firm monetary policy. The stock market rallied later in the week as confidence grew in a measured approach, while corporate earnings showed strength and capacity utilization edged up.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
Nixon
Secretary of the Treasury
David M. Kennedy
Kennedy
Robert P. Mayo
Johnson
Robert W. Haack
New York Stock Exchange
Manuel F. Cohen
Securities and Exchange Commission
Mobil Oil Corp
Shell Oil Co
Inland Steel Co
Federal Reserve Board
State's Economy In Slight Rise
The North Carolina economy in December posted a slight 0.7 percent rise in Wachovia’s NC Business index to 184.4, continuing a five month pattern of ups and downs. Bank debits rose to 5.56 billion, up 19.6 percent from November and 283 percent from a year ago. Nonagricultural employment edged up 0.8 percent to 1,693,800, with manufacturing adding a bit more and hours worked in manufacturing rising to 41.3 per week. The Wachovia team cautioned the uptick does not signal a sustained trend and expects little growth until after the first quarter.
MENTIONED IN THIS ARTICLE
North Carolina
Wachovia Bank and Trust Co
J. B. Adams
Wachovia
Stock Quotes Inter-dealer NASD Prices Reported
Prices represent inter-dealer values for about 3 pm on Tuesday as markets vary through the day. Figures exclude retail markup and commission. quotes reflect dealer activity rather to end-user pricing.
MENTIONED IN THIS ARTICLE
Truesday
Cay
University offers fifth Speech for the Executive course
The fifth Speech for the Executive course at UNCG begins February 3 on campus. The non credit program, run by the Extension Division and Drama and Speech, is limited to 25 students and meets Monday evenings from 7 30 to 10 p.m. through April 14.
MENTIONED IN THIS ARTICLE
University of North Carolina At Greensboro
UNCG
Department of Drama and Speech
Annual Meeting of Colonial Motor Freight Line speakers
Dr. Tom Haggai was the main speaker at yesterday's annual sales meeting of Colonial Motor Freight Line Inc held at Schrafft's Restaurant. Sales personnel from across the company's systems attended the event.
MENTIONED IN THIS ARTICLE
Tom Haggai
Colonial Motor Freight Line, Inc
Schrafft
Fesperman Named Assistant VP at Amazon Cotton Mills
Harry Fesperman has been promoted to assistant vice president and director of manufacturing at Amazon Cotton Mills in Thomasville, reflecting a leadership shift in the mill’s production management.
MENTIONED IN THIS ARTICLE
Harry B. Fesperman
Amazon Cotton Mills
Thomasville
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Administration
Expert Fence Co
High Point
Residentia
House. Morgan
Ah VO
David W. Adams Business & Personal Insurance Service
NCNB
Prudential Insurance Co. of America
Lane
Hornblower & Weeks
Lg Hemphill Noves
New York Stock Exchanges
Creensboro
G. Jones
Res
Charles E. Diffendal
Greenshoro
Telephone
E. Westwood
E.G. Lane
THE
Associated Press
Acrotrom
Alba Waldensian Hs
Allty, Bey
American Fidelity
Wwe
American Lord We
American Institutional Dev
American Mortgage Inc
American Soc, Inc
Atlanta
Bassett Furniture
Mann
Bank of
N.C
Brush
Carolina Casualty
Caroling Freight
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Carolina
Carolina Stee
Central Caroling Bank
Central Armen
Chatham Ifs
Coastal Plain
Ute Ins, CO
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Weton
Cojonial Stores
Oct Pty
Commonwealth Life
Disson, Inc
Durham Life
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Farmers New Worl
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Iat Park Corp
Franklin Life
Franklin Reall
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Gulf Life Ins
We Hardeeés Sys. Com
Harris-Teeter Pi Henredon Home Security
Ntegon
Leys Jefferson Pilot Corp
Joselyn Ml
Steel
Kewauney
Key Co
Tances Inc
Life of Carolins
Lowes Companies
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Nationwide Homes
Ava Noland Co. Ae
Amer
Orp
NCG
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Peoples Nat. Gas
Piedmont Aviation
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Service of N.C
Wa Quality Mills
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Debs. Roses Stores
Sonaca
Sorg Par Co
State Capital Life
TCO Industries
Alla Edly Textiles Inc
Security Life and Trust Company
Intecon
Integon Corporation
Nerirom
Robert A. McCliston
High Point Bank
Ray Hubbard
Raleigh (Ap
Orville L. Woodhouse
Grandy
North Carolina Wildlife Resources Commission
Currituck County
T. N. Massie
Sylva
Jay Waggoner
Graham
Joe Anderson
New Bern
Colonial Stores
Colonial Stores, Inc
Ernest F. Boyse
Boyce
Eckerd Drugs, Inc
Charlotte
Southeast
Burlington Industries, Inc
J. Sturgis May & CO
Iis
Moore Electric Repair Inc
Garrison St. Ph
Travelers
Hartford
Conn
John Diffendal
Piedmont Insurance Phone & Realty Company
Horth Wrenn
Professional Life Insurance Service
Geo. P. Clark
Hayden Place
Lyon C.L.U
Southern Motors
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Ecsyebiwet
Avery
America
E. Main ST
N. Main ST
Montlieu
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UCL
Ftd
Cs Il Ld
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