Distrust in Economic Management Grows in U S Business
AP News analyzes rising distrust in concepts and leadership behind inflation control. Washington policy wavering, high interest costs, and a tight money stance by Fed chair Burns fuel skepticism. Kenneth Rush’s silence adds to concerns about open economic dialogue amid inflation. Duke Ellington estate to Mercer Ellington administrator after Duke’s death May 24. Estate valued around 200000, rising with inflation and market shifts.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Washington
Arthur F. Burns
Federal Reserve Board
Kenneth Rush
Duke Ellington
Mercer K. Ellington
Ellington
E. Lisk Wycoff Jr
John Beckett
Transamerica Corp
Too Much Attention Oil Profits May Turn To Losses
Oil profits may reverse as attention draws taxes, wage demands, and labor costs. Major U S oil firms boosted net income 55 percent in 1973 and 81 percent in early 1974, but expansion costs and investments could erode gains. Funds show 41 monitored, only 42 percent above average. broader market losses follow. Women’s labor participation rises. 1947 34 percent at work, 1972 52 percent.
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New York
First National City Bank
United States
Ofference’ Board
Market Declines Across Major Averages This Week
The stock market fell last week with the Dow closing at 802.17 on Friday, down 13.22 from the prior week, and the AP average dropping to 246.1. Analysts attribute the slump to rising borrowing costs and fears of a credit squeeze.
MENTIONED IN THIS ARTICLE
Associated Press
First Union National Bank advertisement caption
An old style bank ad highlights personal banking options and customer emphasis. It stresses service for everyday people and convenient financial solutions offered by First Union National Bank.
MENTIONED IN THIS ARTICLE
First Union National Bank
New Directors Elected To High Point NCNB Board
Two new directors, William D. Hoover and Robert H. Shaw Jr., join the High Point board of directors for NCNB. Hoover, NCNB Greensboro veteran and city executive in High Point, rose through multiple roles since 1964 and moved to High Point in 1973. Shaw, executive VP and treasurer of Carolyn Fabrics Inc., is UNC Chapel Hill graduate and active in local commerce and charities.
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High Point
The
North Carolina National Bank
William D. Hoover
Robert H. Shaw Jr
Daisy May Hoover
Charlotte
Ann Myers
William Jr
Hunter
Shaw
Carolyn Fabrics Inc
Macon
University of North Carolina At Chapel Hill
National Assn. of
High Paint Chamber of Commerce
High Paint Cancer Crusade
Wesley Memorial United Methodist Church
Nancy Harker
Kenilworth
Rhew
Pizzaville
Greensboro
Burlington
Durham
Chapel Hill
U.S. Air Force
Rollins College
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