Encouraging Signs In 1962 Economy Amid Stock Slump
Washington reports mixed signals as June data hint at underlying strength in a fragile recovery. Steel output steadies, unemployment claims drop to three year lows, construction and private outlays rise, auto sales stay robust, while investment plans face caution and tax moves loom.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Kennedy
Treasury
Pew
Congress
Old Dominion to absorb Bottoms-Fiske in High Point merger
The merger completes tomorrow merging Old Dominion Freight Line with Bottoms-Fiske Truck Lines Inc to form Old Dominion Freight Line. Stockholders elected Henry W. Marshall and Mrs. L. C. Crowder to lead with offices in High Point and Richmond.
MENTIONED IN THIS ARTICLE
High Point
Old Dominion Freight Line
Bottoms-Fiske Truck Lines, Inc
Bottoms- Fiske
Old Dominion
Bottoms-Fiske Company
Richmond
Henry W. Marshall
L. C. Crowder
Economy slows as year halves end with trade bill vote
In mid-1962 the economy shows slower growth with a $7 billion deficit year end and a $4 billion projected next year. The House passed Kennedy’s trade expansion bill to boost the dollar, ease tariffs up to 50 percent, and aid workers and injured businesses during adjustment.
MENTIONED IN THIS ARTICLE
House of Representatives
Senate
Kennedy
United States
Europe
Morrill Act Built a Nation of Land Grant Colleges
The Morrill Act signed by Lincoln in 1862 created 68 land grant colleges including MIT and Texas A M. It broadened access to higher education, spurred agricultural progress, and funded extension services. States received land or scrip and invested proceeds for education. Purdue now carries a $50 million operating budget.
MENTIONED IN THIS ARTICLE
G. K. Hodenfield
Washington (Ap
Abraham Lincoln
Robert E. Lee
George B. McClellan
Army of the Potomac
Treasury Department
Washington
Lincoln
Massachusetts Institute of Technology
University of Illinois
Auburn
Texas A. & M
Henry Aldous Dixon
Utah
House of Representatives
Morrill
Justin Smith Morrill
Vermont
Congress
Union
United
Purdue University
Market Quotation Snapshot From National Association Listing
The page lists bid and ask prices for numerous securities from First Sou Co to National Life groups as unofficial quotations. It notes these figures are not actual trades but guides to approximate ranges at the time of compilation on June 29 1962 and that origin of any quotation will be furnished upon request.
MENTIONED IN THIS ARTICLE
Sou. Co
M. C
National Association First Sou. Co
Uea of
Securities Dealers, Inc
Fox Stanely
Ohio State Life
Franklin Life
Futterman Corp
Pextile Corp
Garfinckel J. Common
Piedmont Aviation 3A
Piedmont Natural Gas
S. E. Pfd
P&n Rwy
ASK Gulf Life Insurance
Savannah Elect
Pwr
Hamilton Mfg
Savannah Sugar & Refining
Allied Security Life
Hanes, P. H. Knitting
Shield Bantam
Allvac Metals
Harris Teeter Supermkts
Scott Foresman
Amer. Comm
Holiday Inns
Scott Mattson Farms
American Discount
Horne’s Enterprises
Security
Ntice Cae
American Fidelity
Houston Corp
Security Life & Trust
American Land
Huyck Corp
Sonoco Products
Atlanta Gas Light
Intermin
Tel
Soroban Engineering
Iw Bbs Studios
Interstate Life & Accid
Son
Frontier Finance
Bassett Furniture
Southern Nitrogen
Western Petro
Syn. of Canada
Southland Life
Blue Bell, Inc
Jirving Trust Company
State Capital Life
Boston Capital
Jivey, J. B. & Co
State Loan
Bowater Paper
Jackson Minit
Stevens
Brush
Jefferson Ltd. Life
Stevens Markets Ltd
Co. M. C. Finance
Kaiser Steel
CFM Corporation
Kavanaugh Smith
Superior Cable 3A
Carolina Casualty Ins
S*e
Ketchum & Company
Telecomputing Man
Carolina Natural Gas
Lance, Inc
Texite Chemicals
Carolina P&l
Lau Blower
Thermo Plastics
Carolina Steel
Liferty Loan Pla
Tidewater Natl
Travelers Insurance
Colonial Stores
Lucky Stores
Travelodge Corp
Maxson, W. L. Corp
U. S. Chemical Milling My Colorcraft Corp
Metrotek Elect
Cone Mills
Moore Handley, Hdw
Wiel. S. Realty
Craig System
Nat'l Dev. Corp
Wachovia Bank
Cilligan, Inc
National Food
Walker, B. B. Shoe
Donnelly, RR
Old Line Life
Western Pwr. & Gas
Dynatronics, Inc
New Britain Machine
Wright Homes
Eastern Util
North American Lite
Zonolite Company Ae
Sia
M. C. National Bank
American Efird
En Fidelity Bankers Life
N. C
American
Also Mentioned on This Page
President
Council of Economic Advisers
Busi
Paul Moser
Pic-Way
S. Main St
High Point Inc
Moser
Arthur J. Kobacker
Uniontown
Roanoke
Jones-Peacock
J. B. Gibson Jr
Jones & Peacock, Inc
Ger
Gibson
J. B. Gibson
Richardon
Gibm
Textile Insurance Co
North State General Insurance Agency
Raleigh
Mary Jones
E. Farriss Ave
Montlieu Avenue Methodist Church
L. Craig Lewis
Eli Lilly and Co
Lewis
Winston-Salem
Gastonia
University of North Carolina
Belmont
Lilly
Drexel Report
Drexel Enterprises Inc
Scottish Bank
Archdale
Stevens E. Holland
Randleman
Holland
Asheboro Commercial College
The
People’s Bank
Scottish System
Randleman Rotary Club
National Guard
First United Church of Christ
By Joe Brown
Milton S. Gould
Manhattan
Spyros P. Skouras
20Th Century Fox Film Corp
Robert E. MacNeal
Curtis Publishing Co
Gould
Wall Street
Erwin S. Wolfson
New York
Diesel Construction Co
Purchase
N. Y
Wolfson
Pan American
Jack Lefler
AP Business News
U.S. Chamber of Commerce
Commerce Department
Ford Motor Co
Washington Star
N. Main Street
W. High Street
Max Bones
Joe Honeycutt
Life Insurance
Wickcliff Ave
Occidental Life Strutane CompAny OF
Northh Carolina
Home Office
Raltigh
Robert A McCuiston
Edgar T. Docbrow
Accident & Health
Pension
Ge Loans
N. Main St
Mermard Company Inc
Park Ave. S
Southern Rep
Otis L. Holland
Greensboro
Charles E. Diffendal JR
Allied Securities Corp
Mutual Funds
Wachovia Bank & Trust CO
North Carolina National Bank
Thermoplastics Corp
R. S. Dickson & CO
Charlotte, N. C
North Carolina Bank Bldg
High Point, N. C
Powell, Kistler & Company
Powell, Kistler & Co
Fayetteville
Kinston
Norfolk
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