Voluntary wage price curbs praised by analyst in inflation fight
John Cunniff notes cautious support for voluntary wage and price restraints as a method to curb inflation while credit controls draw less backing. Burns suggests reimposing voluntary controls, but legal credits law remains under study. The Dow Jones average ends at 787.94, AP index at 241.2 amid week rally.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
House
Ways and Means Committee
Arthur F. Burns
Federal Reserve
Burns
Associated Press
Time Differences Confusing Food Price Reports
Two Agriculture Department economists say food price news confuses readers due to differing time spans. Summers and Gallo note all figures come from the same Bureau of Labor Statistics data and illustrate varying baselines from year to year.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Gallo
Bureau of Labor Statistics
Inflation Pressure Shifts Fed Role In 1974 Outlook
North American Newspaper Alliance reports that the Nixon Administration acts mainly under pressure as inflation battles intensify. Fed officials foresee worse inflation prospects for 1974, with Congress reluctant to act and tight credit likely into mid 1975. An economist notes oil and material shortages eased but real GNP may stagnate into late 1974, with modest growth 1975 around 4 percent.
MENTIONED IN THIS ARTICLE
New York
Nixon
Fed
Federal Reserve
Congress
New Bob Warner store planned in Fairfield Plaza
Fairfield shoppers will welcome Bob Warner Inc a new appliance store opening soon in Fairfield Plate Shopping Center on South Main Street The shop will stock General Electric and Sony televisions stereos and Amana appliances Owner Bob Warner a High Point native with 24 Greensboro years in sales and his wife Vickie are parents of three children Also notes include Charlotte banking updates and promotions at local firms.
MENTIONED IN THIS ARTICLE
Associated Press
Associ- Peoplwa
Eoxky
Phillips Fescue
Piedmont Aviation Clude
Com- Piedmont Real Estate
Quality Mills
Aerotron
Amic Corp American Furniture
Atlanta Gas Light
Reid-Provident Labs
Atlantic Peps! Cola
Rex Plastics
Bancshares
N.C
Tia Royal Scotsman
Bankers Trust of
Safeguard Auto
Basset Furnitura
Salem Carpet Ava
A Beaman Corp
Sam Solomon Ava
Seo Pines
Shorfeys Big Boy
Seneca Products
Wy Branch Corp
S.C. National Corp
Brenner Inds
Southern Nat Corp
Burnup & Simsoa
Southern Nat Debs
Burris Inds
Spartan Food Systems
Caro Corp
Ala Sa Unifit Inc
Ava Central Caro, Bank
United Caro, Bancshares
Central Vermont
Vermont American Fa
Champion Parts
Virginia International
Charter Bankshares Com
Virginia Natl Bank
Chatham
Walker Shoe C&s Corp
Washington Group
Wa Citizens
J.B. Iveyava
Jacks Food
Kenan Transport Lance Inc. Ae
Lane Co
Leggett & Platt
the Life Assurance of Caro
Little Giant
Little Mint Wa
Lowe's Companies
Mack's
aYa Sys Multimedia
Mid-South
Ina
Mom & Paps
Ncnb Corp
NC Natural Gas
Northwest Fin Cirp
Wis
Vaccidental Life Ins
Oakwood Homes
Bob Warner, Inc
Fairfield Plate
South Main Street
General Electric
Sony Television
Amana Appliances
Bob Warner
High Point
Greensboro
Warner
Vickie
Also Mentioned on This Page
High Point Enterprise
Economic System
of Paine, Webber, Jackson & Curtis
Jfmams
Det Jasond
DOW Jones
Benlbeetvol J Jasond
Larry V. Summers
Anthony E. Gallo
Department
Economic Research Service
Farm Index
Agency
USDA
Morning Paper
Lou Schneider
North American Newspaper Alliance
Fred G. Culler
E. Main ST
Jamestown
State Farm Insurance Companies
Bloomington
Ilioods
Ray Hubbard
Cameron
Charlotte — Cameron Financial Corporation
First Union National Bank
Michael R. Coltrane
North Carolina National Bank
Coltrane
Bank
Concord
Davidson College
University of Pennsylvania
Charlotte
Realtor
B. L. Dixon
S. Main St
Broker’s Real Estate
Patricia Mellonas
North Carolina School of
University of North Carolina At Chapel Hill
Miss Mellonas
University of North Carolina
North Carolina Bankers Association
University of North Carolina At Greensboro
Burnsville School of Fine Arts
Guilford College
UNCG
High Point Bank and Turst Company
American ‘ Institute ‘of Banking
Area Bankers
Davidson County Community College
Lexington
Denton
Welcome
American Institute of Banking
Thomasville
Betty Williams
Sarah Coventry Inc
Elizabeth Hoots
Mellonas
Robert McCuiston
Qintegon
Wilbur M. Currie, Cla
Granville
Mayflower
Hamilton St. Phone Ag Elst
Fred P. Newby
Steve Foster
GEN. M
Craig Newry
MGR
Nash's
Nash
Nash Jewelry CO
N. Main St
Maem
PS Lotte Ee Tita
George P. Clark
L.A
Ed Lyon, Jr
C.L.A
Lindsay Street
Income & Capital Associates, Inc
Heraton
High Point's
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