Burns disagrees with Nixon on wage price policy
Federal Reserve chairman Arthur Burns contesting the president’s stance on wage price controls. Treasury Secretary Connally said the economy is expanding and inflation is slowing, and Nixon rejected a wage-price review board and other inflation fighting steps.
MENTIONED IN THIS ARTICLE
New York
Nixon
Federal Reserve Board
Arthur F. Burns
Treasury
John B. Connally
Connally
Congress
Burns
Congressional Joint Economic Committee
Steel Company
Trade Winds Nixon Planning Inflation Halt
North Newspaper American Alliance reports Nixon plans to curb cost-push inflation after a steel labor contract. USW President Abel seeks a 30 percent wage rise over three years, with temp price holds depending on August 1 settlements. Dow gains to 890.19, AP 60-stock at 319.7 amid light volume.
MENTIONED IN THIS ARTICLE
Lou Schneider
American Alliance
New York
Washington
Nixon
Richard Nixon
Steel Industry
United Steelworkers Union
USW
I. W. Abel
Federal Reserve
Arthur Burns
White House
Associated Press
Stock Quotes Over the Counter Stocks
The Associated Press reports quotations from NASCO showing representative interdealer prices for over the counter stocks. Prices reflect recent trading activity across listed OTC securities and are used by dealers for valuation and market reference.
MENTIONED IN THIS ARTICLE
Associated Press
NASCO
Bank Robo? No: Cleaning Truck Blunder At Watertown Bank
Five Watertown policemen rushed to the Colonial Bank and Trust Co on Main Street after a caller warned of a man carrying money inside. They found only a cleaning truck parked outside, no robbery in progress, and no incident beyond the mistaken alarm.
MENTIONED IN THIS ARTICLE
Watertown, Conn
Watertown
Colonial Bank and Trust Co
Main Street
Banking changes over 30 years seen by Wachovia worker
Arthur Utley profiles George Bullard of Wachovia Bank as he nears 30 years in banking. He recalls early 1940s savings banks paying 1 percent and small family banks, the 30s changes, the Wachovia merger, and the rise of computers.
MENTIONED IN THIS ARTICLE
Arthur Utley
Enterprise
George
Red
Bullard
Wachovia
People’s Savings Bank
Wilmington
People’s Bank
Tar Heel Economy Shows Mixed Signals in May Report
Wachovia Bank index dips 0.3 percent from April to 114.9 while year on year is up 1.3 percent. Unemployment falls to 3.9 percent, first sub-4 percent reading since last fall, despite inflation rising to 6 percent. Rex Plastics posts record six month sales up 37 percent and earnings up 89 percent. Superior Packaging closes with a $109,000 first half loss.
MENTIONED IN THIS ARTICLE
North Carolina
Wachovia Bank and Trust Company
N. A
Superior Packaging, Inc
Daniel International to expand housing via Fortis and Byldan acquisitions
Daniel International Corporation plans to broaden its low cost housing activities by acquiring Fortis Enterprises and Byldan, with executives Daniel and Shelton negotiating an exchange of Daniel common shares for all Fortis and Byldan shares. Fortis has an office in Greenville and Kraft Converters has acquired Fox Paper Co.’s High Point division. General Steel Products will become a division of Song Co. effective July.
MENTIONED IN THIS ARTICLE
Daniel International Corporation
Fortis Enterprises, Inc
Byldan, Inc
King
R. Hugh Daniel
Greenville
S.C
Daniel Common
Fortis
Kraft Converters, Inc
W. Burton St
High Point
Fox Paper Co
Ward St
Eddie Cook
Fox
Allen Arnold
Kraft
Little Rock
Ark
Fort Worth
Tex
General Steel Products
Song Co
Local firms place benches as sidewalk billboards in High Point
Several High Point firms including Crescent Ford First Citizens Bank Wachovia and Inch Master are buying benches for sidewalk display use. A spokesman for the Winston Salem based distributor Dubluc Service Displays Corp says the benches serve as resting spots for bus riders and pedestrians.
MENTIONED IN THIS ARTICLE
Crescent Ford
First Citizens Bank & Trust Co
Wachovia
Inch-Master
Dubluc Service Displays Corp
Winston- Salem
Lowe's declares quarterly dividend and reports nine month results
Lowe's Companies Inc declares a quarterly dividend of 5 cents per share on common stock and sets August 2 payment date for shareholders of record July 15. The company marks its 41st consecutive quarterly cash dividend. For nine months fiscal 1971 Lone sales volume reached 111.7 million dollars with net earnings after taxes of 3.94 million, up 28 and 30 percent respectively from last year. Earnings per share for nine months were 94 cents, up from 73 cents. Lowe's, a hard goods retailer based in North Wilkesboro, operates 73 stores in 11 southeastern states.
MENTIONED IN THIS ARTICLE
Lowe's Companies, Inc
Lowe's
North Wilkesboro
May Nets Big Gains for North Carolina Savings Unions
The Federal Home Loan Bank of Greensboro reports North Carolina 168 associations added 78.8 million in new savings in May with withdrawals of 39.7 million, a net gain of 39.1 million, plus 85.3 million in mortgage loans. May 1965 surpasses prior records and outpaces last year.
MENTIONED IN THIS ARTICLE
North Carolina
Investment Firm Bullock-NCNB Co Proposed in NC
NCNB Corp of Charlotte and Calvin Bullock Ltd of New York announced last week a planned investment management firm Bullock-NCNB Co. The venture would serve pension and profit sharing plans and tax exempt institutions and endowments and await Federal Reserve Board approval.
MENTIONED IN THIS ARTICLE
Bullock-Ncnb Co
Ncnb Corp
Charlotte
Calvin Bullock, Ltd
New York
Federal Reserve Board
Addison H. Reese
New Office Opens for Daniel Insurance Agency
Walt Daniel of Daniel Insurance and Realty Co opens a new office at 517 N Hamilton St. A High Point native and Guilford College alumnus, he previously worked for State Farm Mutual Insurance Co in Greensboro before starting his independent agency locally.
MENTIONED IN THIS ARTICLE
Walt Daniel Oenes
Daniel Insurance and Realty Co
N. Hamilton St
Daniel
High Point
Guilford College
State Farm Mutual Insurance Co
Greensboro
Ecology firm formed in Greensboro led by Irving S Bull Jr
Irving S Bull Jr and Associates, an environmental consulting engineering firm, organized in Greensboro to survey and solve industry problems in noise and vibration air pollution water and waste treatment and safety. Bull, a Georgia Tech graduate in electrical and mechanical engineering, is a registered professional engineer in North and South Carolina and previously managed the synthetics division engineering at J P Stevens & Co Inc.
MENTIONED IN THIS ARTICLE
Greensboro
Irving S. Bull
Womens Lib Begins at Home in Public Service Ad
A public service note encourages women to start with home life in shaping social change. It urges readers to discuss insurance options from Integon and cites available forms and uses as practical support for households.
MENTIONED IN THIS ARTICLE
Integon
Also Mentioned on This Page
High Point Enterprise
T. Vincent Learson
International Business Machines Corp
Thomas J. Watson Jr
IBM
Committee For Economic Development
Massachusetts Supreme Court
Bay State
Meon
Tves
J&mami Jasono
DOW Jones
Jfmams
Jasonod
Aerotron
Atlanta
Amic Corp
Barber Greene
Bassett Furn
Billups Westa
Binnings
We Bank NC
Brush Berg
Buckabee Mears
Cam Brown
Uts
Cam Brown Cam Ma
CMC Finance
Carmine Foods
Carolando Corp
Carolando Wis
Yan Caroline Casino
Carolina Carib
Carolina Freight Car
Carop
Carol Ina Steel
Carolina Whisi Fis
Chatham Wig Cichrane Furnae Colonial Stirs
Mia Common
Computing Efency
Durham Life
Equitable Leas
Yet
Ist
UN Natl Comn Corp
Foodtown Stores
Franklin Lite
Garrick! Brooks
Georgia Inti
Guardian Care
Hardees Pe Sys Com
Hickory Furn
Henredon
Home Sec
Can Corp
Jasiyn M
Kaiser Stee
Kewaunee Scntte
Knape & Vogt Mig
Lance
Little Mind
Lowes Co
Nat! Dey Corp
Inc Natural Gas
Occidental
Peoples Bank
Phillips Fescue
Quality Mills
Ruddick
Seneca Rods S
Tarn Nat! Corp
Synercon
Tri South Mor
Ed Lyon, Jr
C.la
North Cereline
Roth
Rex Plastics
Thomasville
E. Westwood
Ray Hubbard
General Steel
George P. Clark
C.S.A
Hayden Place
Ken Va
West High St
Mlgy . Service, Inc
AIF
High Point Greensboro
N.C
Robert McCuiston
South Main Street
Integon Financial Services
Oldsmobile
Highland Motors Inc
N. Main St
Olds
Cadillac
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