Trade Winds Big Tax Changes Are In Prospect
The article outlines renewed calls for tax reform despite two recent federal revisions. Mills seeks a 1974 overhaul to rewrite the tax code, while Nixon opposes new taxes but may back a value added tax to ease property burdens and fund education. Brookings predicts a 2.2 percent VAT could raise 12 billion annually amid deficits. Wall Street warns against new taxes.
MENTIONED IN THIS ARTICLE
New York
Ehrlichman
House
Ways and Means Committee
Wilbur Mills
Nixon
Mills
Capitol Hill
White House
Congress
Brookings Institute
Vall Street Securities
Sex Invades Stock Market Names in Investors Minds
New York report argues the letter X in corporate names adds allure for investors. Market economist Ira Cobleigh notes the trend from product driven names to names emphasizing sex appeal, suggesting stocks ending in ex or x attract unique interest and trading activity.
MENTIONED IN THIS ARTICLE
New York
Ira Cobleigh
Commercial and
Financial Chronicle
Pabst
Singer
Ford
H. J. Heinz
Coca Cola
Nabisco
U. S. Steel
American Telephone and Telegraph
International Business Machines
American Waterworks
RCA
IBM
FMC
AMF
LTV
Marcor
Sybron
Akxona
Howmet
Cobleigh
Market declines push stock averages down
Market declines last week raise worries about possible new international monetary help. AP average of 60 stocks closed Friday at 324.4, down 8.19 points from 333.3. Dow Jones average of 30 industrials closed at 934.45, down 26.94 points from 961.39.
Growth Report Is Assailed by Housing Group in Congress
The National Association of Home Builders criticizes President Nixon's Growth Report as incomplete on urban growth issues. NAHB President Stanley Waranch testifies before the House Banking and Currency Committee, urging broader study including states and local governments and noting conflicts in land use, zoning, and mortgage policies harming housing production.
MENTIONED IN THIS ARTICLE
Washington
National Association of Home Builders
Nixon
Congress
House Committee On Banking and Currency
NAHB
Stanley Waranch
Norfolk
Waranch
Local resident named State Farm agent and other regional business notes
Fred G. Culler, High Point native and former Re development Commission coordinator, is appointed agent for State Farm Mutual Auto Insurance and its fire and life affiliates, with an office at 748 N Main St Jamestown residents Eleanor and five children reside in Cedarwood. Food Town Stores plans a 20400 square foot Salisbury supermarket off I 85 led by Ralph Ketner and Roy Fulcher. growth includes 1971 sales of 36.9 million and 50 million projected for 1972. P L Welch named manager of Rose Store in Morehead City after training in Winston Salem Burlington and Washington DC, married to Ruby Cook. Fifth Federal Reserve District includes DC, Maryland, Virginia, NC, SC and most of WV.
MENTIONED IN THIS ARTICLE
Fred G. Culler
High Point
Redevelopment Commission of
State Farm Insurance Co
Culler
State Farm Mutual Automobile Insurance Co
Fire and Life Insurance Company
N. Main St
Food Town Stores, Inc
Salisbury
Food Town
Ralph W. Ketner
Penn-Car Realty Company
Roy Fulcher
Interstate Highway 85
Penn-Car Realty Company of
Rocky Mount
Piedmont Northarolina
North Carolina
Rose
Morehead City
Rose’s
Winston- Salem
Burlington
Washington, D.C
Ruby Cook
Life Training Seminar Led by Dickens Agency in Lansing
Meeting Dick Dickens of the Dickens Insurance Agency will attend a three day Life Training Seminar at the Hospitality Inn in Lansing Michigan June 13 15. Auto Owners Insurance Company sponsors the event to teach life insurance skills and sales ideas. Thirty Auto Owners agents from ten states will attend.
MENTIONED IN THIS ARTICLE
Dick Dickens
The
Dickens Insurance Agency
Hospitality Inn
Lansing
Michigan
Auto-Owners Insurance Company
Trade Show Set for Myrtle Beach by Purchasing Managers
The Purchasing Management Assn of Carolinas Virginia will stage its annual trade show and summer quarterly meeting in Myrtle Beach South Carolina June 15 to 17. Exhibits and sessions occur at the Myrtle Beach Convention Center.
MENTIONED IN THIS ARTICLE
the Purchasing Management Assn. of
Carolinas-Virginia
Myrtle Beach
S. C
Myrtle Beach Convention Center
Gold Surge Tests Dollar Strength Amid Global Inflation
Gold prices rose to a weekly high around 64.85 per ounce, triggering predictions of further gains while economists doubt a new dollar devaluation. The Pay Board cut a deferred wage increase to 7 percent from 11 percent for Philadelphia chains and Amalgamated Meatcutters contracts, affecting about 4,000 workers, with hundreds more raises awaiting rulings. The Senate confirmed George P. Schultz as secretary of the treasury, succeeding John B. Connally, after his prior role directing the OMB. The Treasury warned that gold volatility argues for a monetary system less tied to gold, while noting such swings won’t alter stated U.S. policies.
MENTIONED IN THIS ARTICLE
Pay Board
Senate
Nixon
George P. Schultz
R. Robert Chandross
Argus Research Corp
Washington
Treasury Department
U.S
Richmond Banks See Loans Rise in May Reports
A weekly Federal Reserve survey shows gross loans at 28 major Fifth District banks rose to 11.009 billion as of May 31, with demand deposits up 468 million and time deposits up 48.8 million. Financial loans climbed 17.24 million, including gains in loans to other financial institutions and securities purchased under re sell.
MENTIONED IN THIS ARTICLE
Richmond
Federal Reserve Bank of Richmond
Federal Reserve District
28Bank
Southern Life Conference Heads to Toronto Royal York Hotel
Leading representatives of Southern Life Insurance Co. and their spouses will attend a three day conference at The Royal York Hotel in Toronto. Local invitees include J A Hines J F Trexler and R H Watts, with over 400 guests from 12 states and the District of Columbia. Greensbor o home office staff will honor leaders at the banquet award presentations and daily sessions.
MENTIONED IN THIS ARTICLE
Southern Life Insurance Co
Royal York Hotel
Toronto
Canada
J. A. Hines
J. F. Trexler
R. H. Watts
Southern Life
District of Columbia
Southern Life Home
Greensboro
Also Mentioned on This Page
North American Newspaper Alliance
Stock Mart
Associated Press
No Association of Securities Dealers
Atlanta
Bankers Trust S.C
Bassett Furniture
Bill Allen
CMC Finance A
Cameron Brown
Wis
Cameron Financial Cannon Mills
Carolande
Thur
DOW Jones
Carolande Wis
Fidelity Corp
Carmine Foods En OM
Carolina Caribbean Sme
First Provident Carolina Cas
Foodtown
Barra
Carolina P&l
Franklin Life Ins
Garfinckel Brooks
Carolina Wise Flo
Georgia Internat
Cartridge TV Guardian Corp
Caro Car
Hardees Food Systems Baal Central Care
Harrelson Rubber Central Ver
Henredon Furniture
Champion Parts
Hickory Furniture
Charter Bankshares Com
Home Security Life
Charter Bankshares
Hoover Co. Charter Co
PFC
Chatham Mfg
Huntley
York
Ws C&s Corp
S.C. Corp
Coca Cola Mid Caron M” Interstate Corp
Cochrane Furniture
Colonial Life
J. B. Ivey
Colonial Stores
Josign Mig
Combined Properties
Kenan Transport
Bank of Greensboro
Kewaunee Scientific
Conner Homes
Knape & Vogt Mfg Context
Roger Properties
Daniel Internat
EPA Lance Inc Internat
Lane Companies
NC Natural Gas
Nm Northwest
Fin. Corp
Planters Bank Rocky Mt A We Public Service of
NCIS
Quality Mills
Reid-Provident Labs
Rex Plastics
Rose's Stores
385 Security Finance Corp. Me
Carolina Ins
S. C. National National Corp
Spartan Food Sytems
Spellman Inds. Oy OM
Sugardale Foods
Synercon Corp
Televent Leasing
Textiles Inc
Transport
Tri-South Mortgage
Triangle Brick
Ed Lyon, Jr
C.la
Our
Highland Motors Inc
N.C
Olds-Cadillac
By Ray Hubbard
Eleanor
Cedarwood
Jamestown
Central High School
High Point College
A. R. McMullan
Oren Mason
Henley Paper Co
Howard Kaufman
Alderman Studios
P. L. Welch
Maryland
Virginia
South Carolina
West Virginia
George P. Clark
C.S.A
Hayden Place
Winston-Salem Area
Newsweek
News
Wall Street Journal
Business Week
Cecil R. Davis
America
Howard Johnson
Robert McCuiston
South Main Street
Dale Carnegie Sales Course
Guilford Technical Institute
Ray Roberts
Howard Stutts
Mgr. Long
Rysler
Wan
Ilderton Auto & Truck Leasing CO
S. Main
Ilderton Dodge
Horace G. Ilderton, Inc
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