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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 30, 1974

Page

3

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.

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.

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.

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.

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.

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 Audies

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