Midyear Economic Scene Mixed in Cautious Outlook
The midyear picture shows mixed signals with the Nixon administration predicting a second-half upturn while leading indicators remain sluggish. Penn Central faces interline charge disputes with 61 railroads and has only 87.4 million in cash, prompting wider credit fears for the rail industry.
MENTIONED IN THIS ARTICLE
New York
Nixon
Pew Central Transportation Co
Penn Central Railroad
Burlington
Penn Central
Hill
Penn Central Transportation
Market Up Slightly As Dow Ends Week Higher
The Dow Jones average closed Thursday at 689.14, up over six points for the week. The Associated Press 60 stock average rose from 226.4 on Monday to 227 on Thursday, while the Dow opened the week at 682.91.
MENTIONED IN THIS ARTICLE
The
Associated Press
Trade Winds Hearings Set On Economy
New York reports Rep Wright Patman will chair a July hearing starting next Wednesday with labor, business, banking, government and education reps to assess the economy. The session follows Penn Central bankruptcy talks and aims to test Employment Act goals of full employment and stable prices. First witnesses July 8 are GE chairman Fred Borch and United Steelworkers president I W Abel.
MENTIONED IN THIS ARTICLE
New York
Nana
Wright Patman
D-Tex
Congressional Joint Economic Committee
Penn Central
Patman
General Electric Board
Fred Borch
United Steel Workers
I. W. Abel
Highpoint Products Opens Vinyl Bios Forming Department
Highpoint Products a division of Connect Corp opens a new vinyl bios forming department led by general manager D E Dahle. The thermo forming process heats a plastic sheet then forms it over a mold using rigid or flexible sheets up to 36 by 60 inches with 26 inch depth drawing capacity. The knit nylon backed vinyl products enable deep draws that hold shape, ideal for concave saddle seats and other complex contours for furniture luggage and recreational vehicle components.
MENTIONED IN THIS ARTICLE
Highpoint Products
Connect Corp
D. E. Dahle
Dahle
Denver mutual fund declares 7 cent dividend for FY year end
Financial Industrial Income Fund Inc of Denver announces a 7 cent per share fiscal year end dividend. The 40th consecutive quarterly payout will be paid July 20, 1970 to shareholders of record June 30, 1970. Jerry Johnson, High Point division manager for Financial Programs Inc, disclosed the distribution. The 7 cent dividend tops 6.5 cents in Q1 and equals 7 cents for the same quarter last year.
MENTIONED IN THIS ARTICLE
Financial Industrial Income Fund, Inc
Jerry Johnson
Financial Prgrams, Inc
Bassett Furniture Sees Earnings Fall In First Half
Bassett Furniture Industries reports six months ending May 31 earnings down 36.5 percent to 3.7 million, and sales down 9.5 percent to 61.62 million. Net profit per share falls to 62 cents from 97 cents a year earlier. revenue declines from 68.05 million to 61.62 million.
MENTIONED IN THIS ARTICLE
Bassett Furniture Industries, Inc
Piedmont Auto Finance Named Exclusive Buddy Mobile Homes Dealer
J. Ken Litton president says Gets Franchise Piedmont Auto Finance Co. is the area’s exclusive dealer for Buddy Mobile Homes. Piedmont operates in automotive financing and Top Deal Mobile Homes division is at 2645 N. Main St.
MENTIONED IN THIS ARTICLE
Piedmont Auto Finance Co
Buddy Mobile Homes
J. Ken Litton
Piedmont
Top Deal Mobile Homes
Opera
N. Main St
Beal Named to NC Society of Accountants Board
Carrie S. Beal of High Point is named to the board of directors of the North Carolina Society of Accountants. She is a member of the Piedmont Chapter of the organization.
MENTIONED IN THIS ARTICLE
Carrie S. Beal
High Point
North Carolina Society of Accountants
Mrs. Beal
Piedmont
Wall Street Market Lessons From a 1937 Toronto Tip
Loeb recalls a friend who bought a list of two dozen stocks in 1937 and urged a million dollar investment. He analyzes company talks and public figures, finding price moves matched by information, and notes Penn Central's 1969 decline amid reorganization news as a warning that price action outpaces news.
MENTIONED IN THIS ARTICLE
Gerald M. Loeb
North American Newspaper Alliance, Inc
New York
DOW
Toronto
Penn Central
Pennsy
The
Central
Inflation Fueled Push For Higher Wages In Telephone Talks
The Communication Workers of America plans to bargain a new contract starting 1971 with president Joseph Beirne vowing to seek the largest wage increase in telephone industry history amid rising rates.
MENTIONED IN THIS ARTICLE
Communication Workers of America
CWA
Joseph Beirne
Humble driver Gibson wins state finals bid in Greensboro
High Point resident Fain W. Gibson of 1003 Fifth Court earned the right to represent Humble Oil & Refining Co. in the North Carolina State Road to finals at Greensboro July 30 31. He drives for Humble LP-Gas Store in Winston Salem and won the straight truck class at the Charlotte company finals. Gibson has 24 000 consecutive accident free miles and twenty years with Humble.
MENTIONED IN THIS ARTICLE
High Point
Fain W. Gibson
1003
Fifth Court
Humble Oil & Refining Co
North Carolina
Greensboro
Gibson
Humble
Winston-Salem
Charlotte
Alliene Furniture Opens Larger Showroom at Atlanta Mart
New Showroom Alliene Furniture a division of Troy Lumber Co will open a larger space at the Atlanta Merchandise Mart on July 13. The 3,300 square foot area occupies the Mart's newly expanded 14th floor, more than doubling the former Alliene space on the 18th floor.
MENTIONED IN THIS ARTICLE
Alliene Furniture
Troy Lumber Co
Atlanta Merchandise Mart
Alliene
White Named First Vice President of Mutual Insurance Group
Murray M. White Jr. of Murray M. White Inc. in High Point has been named first vice president of the Carolinas Association of Mutual Insurance Agents, reflecting prominence in the regional insurance industry.
MENTIONED IN THIS ARTICLE
Murray M. White Jr
Murray M. White, Inc
High Point
Carolinas Association of Mutual Insurance Agents
Debbie Reynolds Dances In Oz at Beech Mountain
Film actress Debbie Reynolds and her 13 year old daughter Cary danced along the Yellow Brick Road atop Beech Mountain as crowds gathered to see them autographing visitors. Reynolds attended to help cut the ribbon on the Carolina Caribbean Corp tourist attraction project.
MENTIONED IN THIS ARTICLE
Banner Elk
N. C
Debbie Reynolds
Yellow Brick
Cary Friday
Land of Oz
Beech Mountain
Miss Reynolds
Carolina Carribbean Corp
Also Mentioned on This Page
Milton Friedman
University of Chicago
U.S
Paul W. McCracken
Council of Economic Advisers
Friedman
Albert M. Wornflower
First Boston Corp
National Machine Tool Builders Assn
Commerce Department
United Auto Workers Union
Harold C. Passer
Commerce Secretary
Passer
Thur
DOW Jones
Die Dae
Arte
Jfmamjjasond
By Lou Schneider
Ray Hubbard
Loeb
Wall Street
New York Central
Securities and Exchange Commission
Lane
George P. Clark
C.S.A
Hayden Place
Om Nation
E. Westwood
Ed Lyon, Jr
C.L.A
Gatewood Ave
Robert McCuiston
South Main Street
Sound
Lstener
White
Piedmont Maintenance Co
W. High St
State Farm
Montheu Ave
N.C
Bob T. Andrews
Pesas
Bloomington
Illinois
Fire and Casualty
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