Business Notes and Personnel Moves Across Firms
Company records show six month sales of 16.6 million with net income 1.2 million, down from 1969. Earnings per share fell to 7.5 cents from 98 cents. Ed Brooks joins Wachovia Insurance Agency in High Point after 70 years with Travelers. Southern Life Insurance hosts a three day leaders conference in New Orleans with top reps attending. Six month sales total 207 million down from 211 million as glass container unit helps profits despite textile and auto slowdowns.
MENTIONED IN THIS ARTICLE
Are Corp
English Road
Bryan
Ohio
M. J. Anderson
Ed Brooks
Farmville
Wachovia Insurance Agency, Inc
High Point
Wachovia
Brooks
Travelers Insurance Co
Casualty - Property Agency
Richmond
Saint Christophers Preparatory School
Hampden- Sydney College
Hampton-Sydney
U. S. Army
Germany
Northgate
Wachovia Insurance Agency
Wachovia Corp
Southern Life Insurance Co
Fontainebleau
New Orleans
D. M. McLean
H. L. Marsh
R. H Watts Jr
District of Columbia
New Sales Office Opens for American Thread Co
The industrial sales division of American Thread Co. of Willimantic Connecticut opens a sales office in Atlanta Georgia. It will be staffed by Don Alsop southeast region manager and Jim King supervisor of sales for the southeast. The firm is a major producer of threads and yarns used in apparel bedding auto industry and houseware with plants in Tallapoosa Clover Marble Rosman and Sevier.
MENTIONED IN THIS ARTICLE
American Thread Co
Willimantic
Tallapoosa
Clover
S.C
Marble
Rosman
Sevier
N.C
Neoport line of piece goods carriers announced
The W. F. Fancourt Co of Greensboro NC introduces the Neoport line as another member of the Fancourt family of textile chemicals including Vibralon Vibraflex Vibralure Fanco and Fanitol.
MENTIONED IN THIS ARTICLE
W. F. Fancourt Co
Greensboro
N.C
Neoport
Fancourt
Vibralon
Vibraflex
Vibralure
Fanco
Fanitol
Indian Head Reports Higher Q2 Earnings in 1970
Indian Head Inc. announces second quarter 1970 results led by James E. Robison and Robert W. Lear. For the three months ended May 30 net income rose to 3.3 million from 3.2 million with earnings per share at 69 cents versus 68 cents. Sales totaled 109 million, below last year’s 112 million. In the first half ended May 30 net income reached 5.5 million, compared with last year’s figure.
MENTIONED IN THIS ARTICLE
James E. Robison
Robert W. Lear
Penn Central Files Bankruptcy Petition Amid Rail Debt Squeeze
Penn Central Transportation Co files for bankruptcy after a severe cash squeeze and a $62.7 million first quarter net loss. Union calls for nationalization while Volpe cites 21 red railroads and potential federal loan guarantees amid Congress hearings on a $750 million aid bill. Navy awards $2.1 billion ship contract. Japan textile talks collapse, lifting import quota opposition.
MENTIONED IN THIS ARTICLE
New York
Penn Central
Penn Central Transportation Co
Congress
Nixon Administration
House Commerce
Transportation
John A. Volpe
Volpe
Transport Workers Uniion
Afl-Cio
Penn. Central Transportation Co
Penn Central Co
Navy
Japan
Nixon
House
East Carolina grad commissioned as Air Force navigator
Earl Drissel Hackman, son of Col. and Mrs. J. R. Hackman of 406 Salem St. Thomasville, earned a degree through East Carolina University Air Force ROTC and has been commissioned a second lieutenant. His new assignment is as a navigator. John Willard Thomas III, son of Mr. and Mrs. John Thomas Jr. of 504 Eme Dr., graduated from Washington and Lee University with a BA in contemporary civilization and made the Dean's List. He played football and lacrosse, belonged to Delta Tau Delta, and served as social chairman and treasurer.
MENTIONED IN THIS ARTICLE
Earl Drissel Hackman
J. R. Hackman
Salem St. Thomasville
East Carolina University
Air Force
John Willard Thomas III
John Thomas Jr
Washington and Lee University
Thomas
Delta Tau Delta Social Fraternity
Education Costs Higher This Fall
Inflation pushes college costs up with private coeducational median at 2502 dollars, private women's 2737 and private men 2840, while public colleges may charge as little as 60. The piece notes rising costs, borrowing against policies, and forecasts inflation impacts through 2000, plus a primer on real estate investment trusts as a hedge against dollar erosion.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Bennington College
Vermont
Sarah Lawrence
Radcliffe
Tufts
Monterey Institute of Foreign Studies
New York City
Life Insurance Agency Management Association
U.S. Savings and Loan League
LBCW Acquires United Dynamics Expands HR Services
LBCW Associates of North Carolina announces the acquisition of United Dynamics Inc by its parent Lyles, Bissett, Carlisle & Wolff. UD I will operate as an independent subsidiary with offices in Washington DC and provide national and international HR development services. Warren G. Rhodes is named president of United Dynamics. he previously worked with GE in manpower development.
MENTIONED IN THIS ARTICLE
Lbc&w Associates
North Carolina
Lyles, Bissett, Carlisle & Wolff
United Dynamics, Inc
U.D.I
Lbc&w
Washington, D.C
William G. Lyles
Warren G. Rhodes
Rhodes
United Dynamics
General Electric Co
Trade Winds Measures Rumored To Boost Economy
New York reports bankers hearing President Nixon will push a broad set of measures to spur business recovery before summer. Critics say a productivity study lacks concrete tax or policy steps and note election goals shape White House actions.
MENTIONED IN THIS ARTICLE
New York
Nixon
White House
Congress
Federal Reserve Board
FRB
Arthur Burns
Fed
Also Mentioned on This Page
Ray Hubbard
Wachovia Executive
Southern Life
Robison
Glass Container Group
Wall Street
Pierre Rinfret
Litton Industries
Associated Press
Hickory Furniture
Marintegon Corp
Iveys
Tosign
Kaiser Steel
Buckbee Mears
Dev Corp
Cato Stores
CMC Finance North Torione Life
Carmine Foods
Ncnarotina Casualty Eid One
N.C. Natural Gas Ae
Carolina Freigh Carr Aa Financial Caroling Pwr & Lt
Occidental Life
Carolina Wholesale
Chatham Mig Co
Jes Bank & Trust
Planter’s
Bk&Tra
Phillips Foscove
Ochrane Furniture
Piedmont Aviation
Colonial
Bae’ State Fund
Eat President Labs
Ruddick Common
Ruddick
Cameron Prem
Cameron Brownets
Southern National
Durham Life and
Alta Leas
Wades Tae
Brick
Brooks Bros 121
Noa Ba Walker
B. B. Wellington Mills
Ern Carolina Tel
Hackman
Coastal Plains Regional Commission
South Carolina
Georgia
Ozarks Regional Commission
Arkansas
Kansas
Missouri
Oklahoma
Alexandria, Va
Raleigh
Columbia, S. C
Lou Schneider
North American Newspaper Alliance
Washington
Penn Central Railroad
Detroit
U.S
Ford
General Motors
United Auto Worker Union
UAW
Lane
Jetterson
Telephone
E. Westw
George P. Clark
C.S.A
Hayden Place
Pete Tashu
Robert McCuiston
C.L.A
South Main Street
Lstener
Integon
Integon’ Financial Services
XEROX
Instant Copies Inc
N. Main ST
W. High St
State Farm
Montheu Ave
Bob T. Andrews
Glass State Farm Fire and Casualty Company
Bloomington
Illinois
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