Trade Winds Interest Rates Going To Soar
North American Newspaper Alliance notes inflation erodes dollar value and pushes rates higher. Dr William Freund of the NYSE warns inflation will worsen in 1972. Bank of America raises mortgage rates. Nixon pledges to hold line on rates. Strong entities include First National City Bank of New York and Bank of America.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
NEW York
William Freund
New York Stock Exchange
First National City Bank of New York
Federal Reserve
Bank of America
Washington
Nixon
Market declines as Dow drops to 889.16 on Friday
The Dow Jones Average fell 17.09 points to end at 889.16, its worst one day loss in a year, while the AP 60-stock average slid 7.1 points for the week. analysts cite rising interest rates and a slowing economic recovery.
MENTIONED IN THIS ARTICLE
Associated Press
Stock Quotes Over-the-Counter Stocks
The Associated Press reports on over-the-counter stock movements with latest price quotes and minor changes across several small companies. Trading activity shows modest gains for some issues while others slip slightly on steady volume.
MENTIONED IN THIS ARTICLE
THE
Associated Press
Brenner Industries Forms Chemwaste Corp for Waste Disposal
Brenner Industries announces a new subsidiary Chemwaste Corp to collect and dispose of industrial liquid wastes. Morris Brenner says the firm will recycle economically reclaimable liquids and put them back into the economy. Arthur Kurtz, VP of Sani tary Container Service, Inc., is elected president of Chemwaste.
MENTIONED IN THIS ARTICLE
Brenner
Arthur Kurtz
Sanitary Container Service, Inc
Chemwaste
Economic Upswing Evident as May Income and Output Rise
New evidence of economic improvement shows May gains in housing starts personal income and factory output though banks raise prime lending rates. Federal Reserve data place industrial output up 0.7 percent the strongest rise in two years. Prime rate increases and calls for stronger regulation temper the outlook with unemployment concerns persisting.
MENTIONED IN THIS ARTICLE
New York
Nixon
Paul W. McCracken
Council of Economic Advisers
Federal Reserve Board
General Motors
Commerce Department
First Pennsylvania Banking & Trust Co
Philadelphia
Bank of California
White House
Wright Patman
House Banking and Currency Committee
Lockheed Aircraft Corp
Decline of U S Farmers Alarms lawmakers in 1960s mood
Washington report notes a sharp drop in U S farm numbers amid congressional concern. Sen. Herman E Talmadge cites urban attitudes toward agriculture while Rep Jamie Whitten warns farm units have fallen nearly 50 percent in 20 years and only 47 of 435 House members have 20 percent rural constituents.
MENTIONED IN THIS ARTICLE
Herman E. Talmadge
D-Ga
Senate
Talmadge
Jamie L. Whitten
D-Miss
Don Paarlberg
Agriculture Department
USDA
Whitten
Paarlberg
Mark Andrews
R-N.d
Loans Rise in Fifth District Bank Survey June week
The Federal Reserve Bank of Richmond reports 28 banks in the Fifth District show total loans at 9.386 billion with a weekly increase of 7.631 million. Domestic commercial bank loans rose while interbank adjustments lowered overall loans. Demand deposits fell sharply as time deposits rose. Real estate loans increased notably by 13.862 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Real Estate and Wood Industry Notes From 25th Meet
Jay Wood of Mabe & Co completes Course A at the 24th annual realtors institute at the University of North Carolina Chapel Hill. Rollin Yale of Thom asville Furniture Industries to preside at the Forest Products Research Society session in Pittsburgh June 27 to July 1. Yale is past president of the Southeastern Dry Kiln Club and chairs FPRS Carolinas Chesapeake Section. Vernon Mull of Prelude announces Willen to lead cushion production at Prelude. Willen, longtime furniture supply expert, formerly sales manager, served in the U S Maritime Service 1943-45. Willen lives with Mrs Willen at 505 Mendenhall Road Jamestown.
MENTIONED IN THIS ARTICLE
Jay Wood
Mabe & Co, Realtors
Realtors’ Institute
University of North Carolina At Chapel Hill
Rollin Yale
Thomasville Furniture Industries
Forest Products Research Society
William Penn Hotel
Pittsburgh
FPRS
Yale
Southeastern Dry Kiln Club
Carolinas-Chesapeake
North Carolina
South Carolina
Virginia
West Virginia
Maryland
Delaware
District of Columbia
High Point
Cone Mills Corp
Vernon Mull
Prelude
Willen
Willne
U.S. Maritime Service
American Business Club
Furniture City
Mendenhall Road
Jamestown
Hanes to acquire Hemlock assets and lease Granite Falls plant
Hanes Corporation plans to buy Hemlock Manufacturing’s inventories and equipment and lease its Granite Falls plant. The deal, pending board approval, would expand Hanes knitwear capacity for children’s wear and include the Nitey-Nite trademark. Granite Falls plant has been idle since early this year.
MENTIONED IN THIS ARTICLE
Hanes Corporation
Winston-Salem
Hemlock Manufacturing Co
Charles Pindyck, Inc
Hemlock
Granite Falls
Robert E. Warhover
Hanes
Begosh Elected President of Greensboro SAM Chapter
Begosh Donald G. Begosh of Consultants & Designers Inc is elected president of the Greensboro Chapter of the Society for Advancement of Management. He has 15 years active S A M membership with officers Glenn Pierce Everett Thurman James Giles Jay Peck John Cowan Daniel Pail Robert Baker and James McGee. The chapter serves Piedmont North Carolina business management professionals.
MENTIONED IN THIS ARTICLE
Donald G. Begosh
Consultants & Designers, Inc
Greensboro
Society For Advancement of Management
Begosh
Jay Peck
Economics Laboratory, Inc
John Cowan
Burlington Industries
Daniel Pail
Dow-Corning
Robert L. Baker
Dunhill Personnel
James McGee
N.C.N.B
Piedmont North Carolina
Promotion: Bob Willen Named Prelude Company Manager
Bob Willen has been named manager of Prelude Company, signaling a leadership shift as the firm seeks new strategic direction. Willen succeeds the prior manager and will oversee operations, sales, and organizational growth.
MENTIONED IN THIS ARTICLE
Bob Willen
Prelude Company
Father's Day Message Planned at St Anthony Holiness Church
Rev. Joe L. Daughtridge will deliver the Father's Day message Sunday at 3 p.m. at St. Anthony Holiness Church on Fairview Street.
MENTIONED IN THIS ARTICLE
Joe L. Daughtridge
St. Anthony Holiness Church
Fairview Street
Piedmont Chapter Receives ASIM Charter
The Piedmont Chapter of the American Society of Insurance Management gains charter from ASIM executive committee. Elected officers include President Ralph A. Korn director of insurance at The Duplan Corporation Winston-Salem. Vice President D Howard Partin. Treasurer George Atkin. Secretary Ron Tuttle. Directors include Charles Beard of Beaunit Corporation.
MENTIONED IN THIS ARTICLE
Piedmont
The
American Society of Insurance Management
A.S.I.M
Ralph A. Korn
the Duplan Corporation
Winston- Salem
D. Howard Partin
Liggett & Myers
Durham
George Atkins
Fieldcrest Mills
Eden
Ron Tuttle
R.J.R. Industries
Winston-Salem
Charles Beard
Beaunit Corporation
Research Triangle Park
Dividends Declared by The Lane Co Inc Al Tavista Va
The Lane Co Inc of Altavista Virginia declares a quarterly dividend of 25 cents per preferred share with record Sept 15 and payable Oct 1. It also announces a 12 1 2 cent per common share dividend with record June 21 and payable July 1. President H C Powell notes strong April market demand but retailer hesitancy to place large orders in some divisions.
MENTIONED IN THIS ARTICLE
Lane Co., Inc
Altavista
H. C. Powell
High Point
Also Mentioned on This Page
DOW Jones
Jfmamj
Jasondo
Georgia
Tosign Mig
Kaiser Steel
Amic Corp
Kewaunee Scrife
Atlanta
Knapse & Vought Mig
Barber Greene
Lance
Bassett Furn Mia
Caro
Little Mint
Linn
NC Mu
Natl Dev Corp
Nat
Cem Brown
Cam Brown
Life
Ncnb Cmc Finance
Cerolands Corp
Cerclina Casino
Occidental Life Caroline Carib
Corp P&l
Prities Phillips Fescue Piedmont Av
Coroling Whisl
Quality Mills
Chatham Night
Cochrane S
Commun Bere Stern Neti Corp Computing
Conner O
Textiles
Durhem Lite
Wathner
Gerrach! Brooks
Welingin-Hall
Calvin P. Miller
Miller
High Point Assn. of Life Underwriters
R. Delbert Kirkman
Robert L. Carlson
Thur F. Burns
Tony” Boyle
United Mine Workers
Boyle
U.S
Gerhard Gesell
Ed Lyon, Jr
C.la
Congress
George P. Clark
C.S.A
Hayden Place
Integon
Robert McCuiston
South Main Street
Integon Financial Services
E. Westwood
Ane
Highland Motors Inc
N.main St
N.C
Olds-Cadillac
West High St
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