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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 16, 1974
Page
3
New York AP reports the home mortgage market remains stressed by high rates as thrift withdrawals grow and life insurers favor commercial and multifamily lending over single family homes. Depositors pull funds from savings and S&Ls, shrinking funds to lend, with money likely staying in income properties unless rates drop.
High Point College will run a six year sixth straight year three week summer course on stock and commodity markets. Two weeks of classroom study precede a week in New York City with tours and lectures at major exchanges. co sponsored by HPC Chamber of Commerce and Thomson McKinnon Auchincloss Robineyer Inc. Limited to 25. wives may attend NYC part. The program runs Aug 5 to Aug 24 with a $100 deposit and July 10 balance due.
The stock market slipped last week with the Dow closing at 843.09 on Friday, down 10.63 from the prior week. The Associated Press average fell to 261.0, down 5.6. Analysts blamed persistent high rates that failed to ease.
Secretary of State Henry A Kissinger has gained five pounds in two days in Alexandria Egypt and blames it on the wife of President Anwar Sadat.
Barry Brown announces the promotion effective immediately. Mrs. Wilson joined The Enterprise in Oct 1972 as a classified advertisement receiver. They reside at 802 Forrest St. Also notes a Fed survey showing Fifth District banks report June 5 loan and deposit shifts totaling a rise in demand deposits and mixed changes across loan types. Williams named assistant plant superintendent at Weldon Mills division in Emporia VA. Terrence O’Brien named VP GM of the HP&D railroad and holds roles with Southbound. Lane Co declares dividends. Brayton International set for art show at NEGCON in Chicago TI.
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