Inflation setback and policy notes hit in May report
May consumer prices rose 0.6 percent, doubling the pace of January-April. Officials stressed long term trends remain downward while noting wage and unemployment signals. Lockheed bailout talk surfaces as Rolls-Royce crisis looms and Merrill Lynch launches an IPO of four million shares.
MENTIONED IN THIS ARTICLE
New York
Labor Department
Commerce
Maurice H. Stans
Lockheed
Britain
Rolls-Royce, Ltd
Rolls- Royce
Daniel J. Haughton
Rolls-Royce
Merrill Lynch, Pierce, Fenner & Smith Inc
Hardin predicts higher food prices and lasting farm subsidies
Washington AP Secretary Clifford M. Hardin says higher food prices are likely to help farmers gain income, while farm subsidies will persist through at least 1976. He expects Nixon to remain popular among farmers and notes the Agricultural Act of 1970 preserves price supports with more market orientation.
MENTIONED IN THIS ARTICLE
Washington
Clifford M. Hardin
Nixon
Hardin
Congress
Farmers Home Administration
Farm Credit System of Land Banks
Capitol Hill
Administration Farms
First Citizens Eastgate Office Opens In High Point
First Citizens Bank and Trust Co opens its Eastgate Office in the Eastgate Shopping Center in High Point at 9 a m on June 29 offering banking services and a small library. Manager J Douglas Howard leads the new branch with two tellers assisting. a registration and prize drawing run through Friday July 2.
MENTIONED IN THIS ARTICLE
First-Citizens Bank & Trust Co
Eastgate
High Point
First-Citizens
John Stallings
First Citizens
J. Douglas Howard
First Citizens Third
Howard
Market Slump Deepens As Dow Dips Toward Week End
The Dow Jones average fell to 876.68 at Friday’s close, after hitting a Tuesday low of 874.42. The Associated Press 60-stock average dropped 3.1 points to 314.1 for the week as analysts cited higher rates and a slowing economic recovery as causes.
MENTIONED IN THIS ARTICLE
Associated Press
Banking data and personnel updates from Fifth District notes
The Richmond Fed reports weekly 28 bank loans totaling 9.476 billion with gains across domestic, financial, and nonfinancial loans. Betty Alexander joins Mabe and Co. as a residential sales associate while Betty J. Hoots of First Citizens Bank joins the NABW membership, reflecting industry workforce moves.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth
Federal Reserve District
Betty Alexander
Mabe & Co
Indian Head reports second quarter sales and earnings rise
Indian Head posted a second quarter net income of 3.8 million dollars up 17 percent from 3.3 million. Earnings per share were 80 cents versus 69 cents. Second quarter sales rose 11 percent to 120 million dollars from 109 million. For the first half net income increased 4 percent to 5.7 million with six month earnings per share of 1.14 on higher shares. Sales totaled 213 million, up 3 percent from 207 million.
MENTIONED IN THIS ARTICLE
James E. Robinson
Robert W. Lear
Leaders Meeting Honors Production Leaders at Lake of the Ozarks
Attends meet Jack W. Smith of 702 Sunset Dr hastily returned from John Hancock Mutual Life Insurance Co. leaders meeting at the Lake of the Ozarks Missouri. The annual gathering honors production leaders. Smith is agency supervisor for the Clyde E. Swift Agency in Greensboro.
MENTIONED IN THIS ARTICLE
Jack W. Smith
Sunset Dr
John Hancock Mutual Life Insurance Co
Lake of the Ozarks
Smith
Clyde E. Swift
Greensboro
PPG to Acquire Projection Products in Newton
PPG Industries announced plans to acquire Projection Products Inc of Newton. Projection Products makes decorative and structural polymer components for furniture and factory built housing. 1971 sales are expected around 4.5 million with 125 employees serving Georgia North Carolina South Carolina and Virginia markets.
MENTIONED IN THIS ARTICLE
PPG Industries
Projection Products, Inc
Newton
Projection Products
Georgia
North Carolina
South Carolina
Virginia
Meredith Auto Sales Admitted Triumph Retail Dealer
Meredith Auto Sales of 819 N Main Street High Point has been named a Triumph retail dealership by Leyland Motor Sales Inc distributors for British Leyland Motors Inc. British Leyland is the U S subsidiary of England's largest car maker and also markets Jaguar Rover and Land Rover products.
MENTIONED IN THIS ARTICLE
Meredith Auto Sales
N. Main Street
High Point
Triumph
British Leyland Motors Inc
Leyland Motor Sales, Inc
U. S
England
Jaguar
Rover
Land Rover
Britishand
Hanes Corp declares 12 percent quarterly dividend
Hanes Corp of Winston Salem declares a regular quarterly dividend of 12 percent per share on common stock. The dividend is payable September 10 to shareholders of record August 20.
MENTIONED IN THIS ARTICLE
Hanes Corp
Winston- Salem
Also Mentioned on This Page
Linda Rubey
Council of Economic Advisers
U.S
Hendrik S. Houthakker
Fred Bergsten
National Security Council
White House
John Sparkman
Senate Banking and Currency Committee
Lockheed Aircraft Corp
Alabama
University of Nebraska
Red China
Soviet Union
Gatewood Ave
Jasono
Meaa
Tves
Wed
TherFri
DOW Jones
Mam
Justyn Wrged
Kaiser Steel
NASO
Kewaunee
Ap Knape & Vogt
Little Mint
Eletron
Aerotron
Natl Dev Corp We
Atlanta
Barber Greene Te
Bassett Furn
NB Wa
Ze Ca Aly Gas
Bank NC Occidental Lite
Brush Bery
Buckabee Mears
Cam Brown
Uts Phillips Fescue
Piedmont Av
Jia Quality Mills
Carmine Foods
Ee Roses
Carolando Corpse
Ruddick
Carolina Casino
Stern Nati Corp
Carolina Freight Car
the Textiles
Carolina
Tri South
Chatham Mig
Cochrane Furn
Efency
Walker
Weil Initiall Fe
Durham Lite
Equitable Leas
Farmers NW
Fidelity Corp le
UN Bank Corp N'A
Greensboro-High Point
AIR Service
N. C
By Ray Hubbards
Mabe
Alexander
Columbia College
Columbia, S.C
Charlotte
Dale Carnegie
Camellia Garden Club
Wesley Memorial Church
Elmore Alexander Jr
First Union National Bank
Alexanders
Elmore III
Wake Forest
Richard
Dovershire Place
Betty J. Hoots
First Citizens Bank & Trust Co
National Assn. of
Bank-Women, Inc
NABW
United States
Canada
ACE Records, Inc
ACE
Hawkins Street
Nashville, Tenn
N.C.N.B
High Point, N.C
Telephone
E. Westwood
Sf Vole
W. High St
Ed Lyon, Jr
C.la
North Caroline Nat
Bank
George P. Clark
C.S.A
Hayden Place
Lstener
Integon
Robert McCuiston
South Main Street
Jintegon Financial Services
A.M.A
A.B.A. C
Highland Motors Inc
N.C. Olds
Cadillac
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