Consumers Doubt Recovery As Inflation Surges
AP reports inflation jumped to 9.6 percent in June, shocking the administration but not food shoppers. Consumers cut spending and save aggressively, with about 10.6 percent of take home pay saved. Unemployment around 9 percent looms. OECD cautions slow cooling ahead, while forecasters differ on the pace of recovery.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Washington
First National City Bank
Organization For Economic Cooperation and Development
OECD
Schlesinger Rebuffs White House Warplane Budget Shifts
Defense Secretary James R. Schlesinger rejected White House budget recommendations aimed at altering the Navy F18 and Air Force F16 programs and dismissed an OMB proposal to study assigning the A10 close-support jet to Army commanders. OMB had urged cost reductions and a rework of fighter designs, citing higher program costs.
MENTIONED IN THIS ARTICLE
Washington
James R. Schlesinger
White House
Pentagon
Schlesinger
Office of Management and Budget
OMB
Air Force
Congress
Navy
Economists Favor End of Recession and Bull Market Rise
Trade Winds reports economists align on the recession ending with optimism for Dow above 1200 and perhaps 1500. Wall Street relies on technical analysis, not fundamentals, while volume peaks signal bullish sentiment but some analysts warn of long term distribution and a 1974 low revisited next year.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American
Newspaper Alliance New York
NANA
Wall Street
Dow
Thomas Holt
Holt
Market slides as Dow ends down 834.09 on Friday
The Dow Jones industrial average closed at 834.09, down 28.32 from the prior week, while the Associated Press average finished at 267.9, down 12.6 from Monday. The week marked the largest one week loss of the year as inflation fears and higher interest rates weighed on investors.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Inventions and business results across multiple firms noted
Tom Gilmore joined 1500 environmentalists in Chicago for the Centennial Convention of the American Association of Nurserymen. Betty L Taylor develops a collapsible portable hand signalling tool and seeks licensing with manufacturers via the Raymond Lee Organization. RALEIGH-AMIC reports first half 1975 net income of 685,399 and 41c per share. Kannapolis Cannon Mills posts six month sales 166,597,716 with a 800,840 rise in net income to 6,303,357. Directors announce quarterly dividends and varying earnings, with Norsk Hydro hiring Badger Ltd for a vinyl chloride plant project. Southern Railway reports 1975 Q2 income of 16,634,000. six months 31,698,000. Sulzer Bros. weaving machine sales reach 130 percent of annual projection, with 1,300 machines sold to date.
MENTIONED IN THIS ARTICLE
Betty L- Taylor
Twain Road
Greensboro
Mrs. Taylor
Raymond Lee
Raymond Lee Organization
Raleigh
Amic Corporation
A.S.E
Kannapolis
Cannon Mills Company
Harold P. Hornaday
New York
Southern Railway Company
Also Mentioned on This Page
United States
Amd
Aerate Jasond
Jfmams
Ieee Jasond
Howard Stutts
Larry Forrester
William Bell
Ilderton-Dodge Auto-Truck Leasing
Ray Hubbard
Tom Gilmore
Gilmore Plant & Bulb Company, Inc
Julian
American Association of Nurserymen
National Trade Organization of the Allied Landscape Industry
Chicago
Ilinois
Amic Operations
Hornaday
Cannon
Arwood
Rockleigh
N.J
Arwood Corporation
Atwood
Portland
Ore
Louisiana- Pacific Corp
Harry A. Merlo
Fort Smith
Ark
Arkansas Best Corporation
NYSE
T&a
National Safety Council
Oslo
Norway
Norsk Hydro
Badger Ltd
Badger Company, Inc
Raytheon Company
Ardsley
N.Y
Ciba- Geigy Ltd
Basel
Cibageigy Group
Southern RR Report
Sulzer Bros
Spartanburg, S.C
Fisher-Harrison
Ward Avenue
High Point
Moving & Storage
Mayflower
Granville
Hamilton St
Fred P. Newby
Steve Foster
Gen. W
Craig Newby
MGR
Glenn Corpening
Evelyn Smith
Roge IC Insurance Agency, Inc
E. Westwood Ave
High Point, N.C
Fort Lauderdale
Norfolk
Great Britain
World Travel Agency
Carolina Motor Club
North Main St
N. C
NEW York Life
Tmsims Si
Ket
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!