Nixon May Ease Meat Quotas To Curb Food Prices
President Nixon weighs temporary removal of meat import quotas as inflation worries grow. He directs the Cost of Living Council to boost meat supply while the Price Commission urges broad food price actions. ITT secures permanent SEC injunction and plans 1.2 million Avis shares sale. Rep Patman urges broad legislation to regulate institutional investors.
MENTIONED IN THIS ARTICLE
Linda Rubey
Nixon
Cost of Living Council
The
Price Commission
Herbert Stein
International Telephone & Telegraph Corp
Securities and Exchange Commission
ITT
SEC
U.S
Wright Patman
D- Texas
House Banking and Currency Committee
Patman
Market Dips on Wall Street Amid Pound Float Shock
Market indicators fell last week with the Dow Jones average at 944.76 on Friday, down .30 from the prior Friday. The Associated Press bid closed at 326.0, down .1 from the prior Friday, as brokers blamed the pound float and rising U.S. interest rates for investor caution.
MENTIONED IN THIS ARTICLE
Associated Press
Jackson Parents File $15 Million Suit Over Death
George Jackson's parents sue for 15 million dollars over his San Quentin death claiming intentional wrongdoing or neglect. The suit filed in U S District Court alleges the inmate was set up and summarily executed by guards who said he attempted to escape.
MENTIONED IN THIS ARTICLE
Jackson
San Francisco
George Jackson
San Quentin Prison
U.S. District Court
Soledad Brothers
Skeptical Trade Winds From Big Investors On Election Year
New York financial circles show growing investor skepticism about unemployment and inflation despite a strong economy. They doubt Nixon’s economic handling and fear 1970 recession aftershocks, while awaiting Democratic convention signals and McGovern’s voting odds.
MENTIONED IN THIS ARTICLE
New York
George McGovern
Nixon
Thomas Dewey
Harry Truman
Institutional Investment
Peking
Moscow
Farm Act Changes Planned by Dillon Graham
The 1973 farm legislation faces narrow prospects for big changes though a new bill is needed as the 1970 act expires. High cotton prices and strong livestock demand share headlines with increased set aside acreage and promised farm program funding. Secretary Butz promotes a larger share of national income for farmers amid release of impounded funds, while a July crop report could show new surpluses, but election timing may delay impact.
MENTIONED IN THIS ARTICLE
Dillon Graham
Associated Press
Washington (Ap
Earl Butz
Butz
Nixon
NAHB Sees 1972 Housing Output Above 1971 Levels
The National Association of Home Builders projects 1972 housing production around 2.25 million units, with a hopeful 3rd year showing two million for 1973. Builders expect higher output but forecast a drop in multifamily activity in late 1972, while 82 percent rate current conditions as excellent or good and costs for materials are expected to rise.
MENTIONED IN THIS ARTICLE
Washington
National Assn. of Home Builders
NAHB
Builders’ Economic Council
BEC
Hillcrest Plant earns one million safe manhours
The Hillcrest Plant of Burlington Industries received certificates of merit from Liberty Mutual Insurance for reaching one million safe manhours. Employees also enjoyed a steak dinner as the plant advances in a safety program using scrap polyurethane in a rebonding process for carpet padding. Dedication is set for 10 30 Tuesday at Tupelo Country Club with Gov William Walker as guest.
MENTIONED IN THIS ARTICLE
Hillcrest
Burlington Industries
Liberty Mutual Insurance Co
Burlington
Tupelo Country Club
William Waller
Rex Plastics Inc Posts Large H1 1972 Gains in Sales and Earnings
Rex Plastics Inc of Thomasville reports first half 1972 net sales of 4,723,874 up from 3,353,992 in the prior year. Net earnings rose to 298,441 from 104,127, with income per common share at 75 cents versus 30 cents.
MENTIONED IN THIS ARTICLE
Rex Plastics, Inc
Thomasville
Rackley Named Assistant Corporate Controller at Beaunit Corp
Richard E. Rackley, son of Mr and Mrs Leonard E Rackley of High Point, has been promoted to assistant corporate controller for Beaunit Corp in the Research Triangle Park. A High Point Central School and High Point College graduate, he has worked with the firm since 1970.
MENTIONED IN THIS ARTICLE
Richard E. Rackley
Leonard E. Rackley
High Point
Beaunit Corp
Research Triangle Park
Beaunit
Research Triangle
Rackley
High Point Central School
High Point College
New Plant in Tupelo to Dedicate 98000 Sq Ft Pouring Plant
Phillips Fescue Corp announces dedication next Tuesday of a 98000 square foot polyurethane pouring plant in Tupelo Mississippi. Company executive Dave Phillips cites strong demand in the southwest and notes previous pouring occurred in High Point with shipments to Newton Hickory Cleveland and Tupelo. A new process will also be announced.
MENTIONED IN THIS ARTICLE
Phillips Fescue Corp
Tupelo
Miss
Dave Phillips
Southwest
High Point
Newton
Hickory
Cleveland
Tenn
Phillips
Loans Down in Fifth District Banks Weekly Fed Report
Federal Reserve survey shows 28 large Fifth District banks' gross loans fell 26.5 million to 11.131 billion in the week ended June 14. Domestic commercial loans down 61.7 million while interbank loans rose 35.2 million. Demand deposits up 69.4 million and time deposits up 31.1 million. Nonfinancial loans up 35.2 million driven by consumer installment loans and real estate. securities purchases and securities repurchase agreements declined.
MENTIONED IN THIS ARTICLE
Richmond
Federal Reserve Bank of Richmond
Federal Reserve District
Pilot Life managers meet in Greensboro session on leadership
C P Miller High Point district manager for Pilot Life Insurance participated in a mid year managers meeting at the Greensboro home office. Miller joined managers from North and South Carolina and Virginia for work sessions on management principles motivation and manpower selection.
MENTIONED IN THIS ARTICLE
C. P. Miller
High Point
Pilot Life Insurance Company
Pilot
Greensboro
North Carolina
Miller
North
South Carolina
Virginia
Bank Women Members Elected From Central Savings
Carolyn G. Stout and Dot J. Oliphant assistant cashiers at Central Savings Bank were elected to NABW membership. Announcement by Mrs. Adelaide L. Scott North Carolina Group chair and Peoples Bank & Trust Company assistant VP. NABW includes women in executive banking roles with over 9,000 members nationwide and abroad. nearly 200 in North Carolina.
MENTIONED IN THIS ARTICLE
Carolyn G. Stout
Dot J. Oliphant
Central Savings Bank
National Association of Bank Women, Inc
Adelaide L. Scott
North Carolina
Peoples Bank & Trust Company
Rocky Mount
NABW
United States
Canada
Also Mentioned on This Page
High Point Enterprise
White House
Hartford Fire Insurance Co
Avis Inc
Avis
AAM
DOW Jones
Cartridge TV
Caro Corp
TED Press Central Corp. Bank
Oy Tee Sas National Associ
Central Vermont
Charter
Com- Charter Co
PFC
Chatham Mfg
C&s Corp
S.C
Coca Cola
American Furniture Ib
J. B. Ivey
Atlanta
Ges Light
Josign Mfg
Atlantic
Pepsi Cola
Kenan Transport
Auto Train
Kewaunee Scientific
Bankers Trust
Knape & Vogt Mfg
Roger Properties
Bassett Furniture
Lance Inc
Bill Allen Com ' Hat Lane Companies
Bill Allen Debs
Life Assurance of Care
Little Mint
Lowe's Companies
Mack's
Bank & Trust Um
Ins Multimedia
Ncnb Corp
NC Natural Gas
Geryitum Wie
En Burnup & Sims
Northwest Fin. Corp
Recmc
Cameron Brown
S* Ae
Cameron Brown Com 27% 42 2.4 ~NoWestern Fin
Occidental Lite
Cannon Mills
Oskwood Homes
Carolando
Carmine Foods
Carolina Caribbean
Peoples Oy Mt
Caroline
Pic N
Carolina Pal
Carolina Wise Fle
Psedmont Aviation
Planters Bank
Rocky Mt
Sugerdale Food
Synercon Corp. Televent Leasing
S Textiles Inc
Tri-South Mortgage
Wise Triangle Brick Gas Unift
Vermont American United Care Bancshares
B. Walker Shoe
West Knitting Wellington Hal
White Ate Co
da O'S Ae Wright Machinery NE
Georgia
Lester Jackson
Pasadena
James L. Park
Marin County
Bruce Bales
Evelle Younger
Ed Lyon, Jr
C.la
Caroline Nat
Firestone
Asheboro
Firestone Tire & Rubber CO
D. K. McGraw
Greensboro, N.C
sBy Ray Hubbard
District of Columbia
Maryland
West Virginia
George P. Clark
C.S.A
Hayden Place
Howard Stutts
Mgr. Long
Chrysify Netbonn
Ilderton Auto & Trugk Leasing CO
Ilderton Dodge
Eae Ee Inc
S. Main
High Point Office Equipment Company
N. Main St
High Point, N.C
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