Mutual Funds See Bright Spot Amid Debt Rate Debate
June redemptions fell to 275.6 million from the Investment Company Institute, the lowest since January 1971, sparking talk that investors postponed withdrawals due to low prices. If prices rise, redemptions may climb. funds could lose some investors even as returns rise. At the same time New York Bank for Savings offered 10 percent debt securities amid Citicorp high rate notes, prompting concerns savings institutions may struggle to fund mortgages.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Investment Company Institute
New York Bank For Savings
Citicorp
First National City Bank
Gold bullion buying doubts spark investor caution
North American Newspaper Alliance reports cautions from Walter Hoving of Tiffanys and precious metals dealers that legal gold ownership may not yield steady income. Critics warn of no earned interest and high insurance costs while forecasts differ on price trends, with some predicting highs of $200 an ounce this summer and possibly $300 next year. Policymaker talks surface about extending the deadline for ownership until mid 1975, as Congress weighs options.
MENTIONED IN THIS ARTICLE
Alliance New York
NANA
Walter Hoving
House of Jewels
Tiffany's Inc
Congress
Treasury
William Simon
Profits Of Oil Firms Still Up
Oil companies report strong quarterly earnings gains from a year earlier. Gulf Oil $250 million, up 28 percent. Mobil $376.4 million, up 99 percent. Texaco $460.4 million, up 72 percent. Marathon $50.2 million, up 91 percent. Sun Oil $127.3 million, up over twofold. Others include Indiana Standard $280 million, Shell $124.5 million, Cities Service $53.6 million, and Continental $100.4 million. Standard Oil of Ohio up 19 percent at $50.3 million.
MENTIONED IN THIS ARTICLE
Stephen H. Miller
AP Business News
NEW York (Ap
Gulf Oil Corp
Mobil Oil Corp
Texaco Inc
Marathon
Mance
Indiana Standard
Shell Oil Co
Cities
Continental Oil Co
Phillips Petroleum Co
Ashland
Commonwealth Oil Refiring Co
Standard Oil of
Ohio
City Job Picture Shows Stable Outlook For Area Firms
A High Point Manpower survey of area businessmen finds 67 percent expect stable employment over the next three months, 21 percent foresee increases, eight percent anticipate declines, and four percent are uncertain. Lena Ellis calls the results a cautious reflection of the energy era, with signs of leveling off. Nationwide findings mirror regional trends, with 63 percent predicting stability and 20 percent increases. The Iowa to Nebraska region leads in anticipated gains at 31 percent.
MENTIONED IN THIS ARTICLE
High Point
High Point Office of Manpower, Inc
Lena Ellis
High Point Manpower Office
Manpower, Inc
United States
Iowa
Kansas
Missouri
North
South Dakota
Nebraska
Monarch Furniture names Mark Bakes industrial relations chief
Harold Gutterman announces Mark Bakes as industrial relations manager at Monarch Furniture. Bakes has years in personnel, previously with Burlington Industries in Millegeville Ga Harriman Tenn and Greenville Mill Miss. He graduates from Campbell College Buies Creek and will reside at 3314 Colony Drive Jamestown with his wife and child.
MENTIONED IN THIS ARTICLE
Harold Gutterman
Monarch Furniture’ Company
Mark Bakes
Monarch
Bakes
Burlington Industries
Millegeville
Harriman, Tenn
Greenville
Miss
Campbell College
Buies Creek
Colony Drive
Jamestown
Also Mentioned on This Page
High Point Enterprise
Mercial
Savings Bank
Savings Banks
Savings and Loan Associations
Associated Press
Hank Greensboro
Northwest Fin Corp
Conner Homes
NoWestn
Atlonal Securities
Daniel Internat
Diamondhead Corp
Occidental Life
Clude
Durham Life
Oakwood Homes
Paso Electric
Engraph Inc
Aerotron
Fmic Corp
Peoples Bank of Rocky
American Furniture van Farmers New Wid Life
Phillips
Atlanta
Fidelity Corp
Atlantic Peps! Cola
Catawba
Piedmont Aviation
Bankers Trust
Piedmont Real Estate
Bassett Furniture
H Bank & Trust
Public
NC Beaman Corp
Franklin Life Ins
Quality
Rmic Corp
Hil
Aia Guardian Corp
Inds
Harrelson Rubber
Reid-Provident Labs
Ae Branch Corp
Hellig Meyers
Rex Plastics
Ove Brenner Inds
Henredon Furniture
Ahi
Royal Scotsman
Burnip & Sims TA Hockory Furniture
Safeguard Auto
Burris Inds
Bits
Hoover Co
Salem Carpet Aye Va Cmc Finance
Investment Life & Tr
Sam Solomon
Cameron Finances
Ivey Sea Pines
Cannon Mills
Wye
Jacks Good
Carmine Foods
Kenan Transport
Rene Shoneys Big Boy
Carolina Cas
Ins
Lance Inc
Pe Sonom Products
Tan
P&l
None Lane Co
TE $.C
National Corp
Aire
Carolina Steel
Nene Leggett & Platt
Southern Nat Corp
Fone
Life Assurance of Carp
Southern Na
Caro Corp
Ava
Little Giant
Spartan Food Systems
Central Carp. Bank
Little Mint
Fe Central Vermont
Wa Am Lowe's Companies
Synercon Corp
Iva Champion Parts
Mack's
Charter Bankshares Com
Multimedia
Viva Textiles, Inc. Televent Leasing
Chatham Mig
WOM
Mid-South
Ye Thalhimer Bros. VV
C&s Corp
SC Wa
Sun Oil Co
Coppedge Studios
N.C
Wilbur M. Currie
CLA
Jefferson Plantard
By Ray Hubbarde
Eugene H. Bohi
Wghp-Tv
Southern Broadcasting Co
Bohi
Southern
Eckerd Drugs, Inc
Eckerd Drug
Eckerd
Offrie
James Brinkley
Zales Jewelers
Miami Beach
Zale
Brinkley
Zales
Robert Stem
High Point Assn. of Life Underwriters
High Point Life Underwriters
National Association of Life Underwriters
NALU
Washington, D.C
Institute of Life Insurance
New York City
Ed Lyon Jr
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Associated Teachers
Edmonton, Alberta
Association of
Alberta Teachers’ Association
Mark Eakes
Westchester Mall
Elgin
Americars
American Express
Diners Club
Carte Blanche
World Travel Agency
Carolina Motor Club
Carsliniant
North Main St
Robert McCliston
C.L.A
Hamilton St
Fred G. Culler
E. Main ST
Lisa Food Maghbor
Stam Farm
State Farm Insurance Companies
Bloomington, Minot
Granville
Mayflower
Fred P. Newby
Steve Foster
MGR
Craig Newby
First Citizens Bank Plaza
Triad's
Phyllis Docbrow
Ken
Stockton, White & Company
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