Transition Economy Baffles Forecasters
In a transitional economy, analysts note the downturn losing momentum but no clear upturn yet. Forecasters clash on auto sales and stock demand while GM Ford and Chrysler show mixed signals. The oil tariff alters energy reliance and housing remains sluggish as consumers focus on debt reduction rather to mortgages despite rebates. The future remains unclear as inflation and energy questions cloud choices.
MENTIONED IN THIS ARTICLE
Ford
U.S
United States
Interest Rates May Go Higher
By LOU SCHNEIDER North American Newspaper Alliance New York Treasury will need to raise about 150 billion dollars through late 1975 and into 1976. Bond sources warn of a possible rise in loan rates if the economy improve insufficiently. Treasury Secretary Simon expects rates to fall 6 to 9 months ahead, while Salomon Brothers fears liquidity constraints. Fed Chairman Burns signals no rush to expand money supply, suggesting a modest rate rise later this year. Senior brokers warn deficits and corporate borrowing may push rates up.
MENTIONED IN THIS ARTICLE
North American Newspaper Alliance
NEW York
U.S. Treasury
Treasury
William Simon
Simon
House of Salomon Brothers
Bell System
Federal Reserve
Arthur Burns
Fed
Congress
U.S
Stocks Retreat As Markets Decline Week On Worries
The Dow Jones average closed at 824.47 on Friday, down 15.17 from the prior week while the Associated Press average slipped to 271.5, down 4.2. Investors cited worries over potential oil price hikes next fall and higher rates as the recovery remains underway. The Federal Reserve Bank of Richmond weekly survey shows 27 large Fifth District banks reporting a rise in gross loans to 15.836 billion, with various shifts in demand deposits, time deposits, and investments reflecting a tighter credit environment.
MENTIONED IN THIS ARTICLE
Associated Press
Federal Reserve Bank
Richmond
Fifth
Federal Reserve District
TexElastic Corp reshuffles staff adds sales rep
Tex Elastic Corp, a division of Adams-Millis, announced two organizational changes. G Mark Ellis was named division industrial engineer replacing Harold Smith, who becomes scheduling and distribution lead. Charles William Teague joined Tex Elastic as salesman representative. Ellis, a Roan Mountain Tennessee native, earned a University of Tennessee degree and came from Burlington Industries. Teague, a High Point North Carolina native, with UNC Chapel Hill BA, previously sold textured yarns for Texas Industries.
MENTIONED IN THIS ARTICLE
TexElastic Corp
Adams-Millis Corp
G. Mark Ellis
Harold Smith
Charles William
Bill) Teague
TexElastic
Roan Mountain
Tenn
Ellis
University of Tenn
Knoxville
Burlington Industries
Mark
Phyllis
Suzanne
Jennifer
Scarborough Road
High Point
Teague
High Point Central
University of North Carolina
Chapel Hill
Texas Industries
Jane
Emily
Also Mentioned on This Page
Ga~gfpoint Enterprise
Business Mirror
John Cunniff
General ‘Motors
Chrysler
Wall Street
By Lou Schneider
Catawba
Mfga
Farmers New World
Rex Plastics
First Union Corp
Salem
Forsyth Bank & Trust
Franklin Ioc
Shoneys Big Boy
Sion
Geni
Financial
Sonoco
Guardian Corp
SC Natl. Corp
Super Dollar Stores
Bassett Furniture
Hickory Furn
Avs
Investment Life & Trust
Synercon Corp. Televent Leasing
Blacks Inds
J.B. Ivey
Textiles Inc
Brenner Inds
Justin Inds
Thalhimer
Vm Branch Corp
Kenan Transport
Burnup & Sims
Pee
West Knitting Corp
Caro
Wisc
Multimedia
Wik
Caro Car, Ae
Ncnb Corp
Central Caro. ‘Bank
N.C
Wright Machinery Central
Vermont
Northwest Fin. Corp 72
Charter Banishes Com
NoWestn
Durham Life-Ins
Byve 2A
Quality Mills
Engraph Inc
Rmic Corp
Rahall Camm
Fidelity Corp
Reid-Provident Labs
DOW Jones
Ray Hubbard
Hunt
Robert L. Hunt
Electric Supply, ‘Inc
W. Green St
National Assn. of Electrical Distributors
Association
San Francisco
North
South Carolina
Foster
Wrightsville Beach
Mel Foster
Carolinas
Washington, D.C
James L. Gundy
Appalachian Harwood Manufacturers,Inc
National Forest Products Assn
Nfpa Federation
NFPA
R. E. Gladden
J. E. Kimble, Jr
T. R. Collins
C. R. Allen
C. £. Rollins
G. L. Cochran
I. V. Troutman
Liberty Life
Innisbrook
Tarpon Springs
Fla
Greensboro
Bob
Conner
Ciba-Geigy Corporation
North Carolina State University
Michigan State University
Elaine Neumeyer
Bay City
Mich
Jamestown
Bethany Anne
Moving & Storage
Mayflower
Granville
S.alee
Glenn Corpening
Evelyn Smith
E. Westwood Ave
High Point, N.C
Nassau
San Juan & St. Thomas
Tropics
Miami
Panama
North Main St
N. C
World Travel Agency
Carolina Motor Club
Highland Motors Inc
Olds
Cadillac
the CO
Tess
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