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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 03, 1968
Page
6
Jenkins pushes wage freeze amid rising claims as 5 million workers seek benefits and projections suggest 6 million more may request aid by summer. Devaluation to boost exports cited as balancing the books, while the Wilson government battles renewed setbacks.
In January the economy showed a slowdown across major sectors. December activity numbers suggest a weakened pace, with households spending about a billion annually on furniture delaying further boosts.
A NASD quotation summary lists bids and asks across multiple issuers and sectors. Notable entries include Piedmont Aviation Standby, Bank of North Carolina, Hardees, Roses Stores, Sonoco Prods, Fidelity, Franklin Realty, and National Old Line with varied percentages. The data reflect fractional to multi percentage ranges, indicating general market quotes and automotive, textiles, insurance, and real estate related equities.
A group of 17 year old cadets left their squad in London amid a dispute over discipline. They walked out during room inspections, offering no reason for their action but indicating a protest stance.
Charles H. Kuebler advances to director of supervision for consumer loan activities at American Credit Corp. He previously led the 46 Texas offices and will be based in Charlotte. A Duke graduate, he joined the firm full time in 1959 after summer work and is married to Irene Whitley with two children, Rennie and Beth.
Diamond Carter of WMFR will transfer after March 1, 1968 to work in public relations advertising and commercial operations for North State Telephone Co. He has spent 14 years as an announcer and commentator at the station. The High Point Chapter of Society for Business Education honors two students from Allen Jay Central Ragsdale for achievements in business education with AMS keys and engraved certificates presented at a Sheraton Hotel ceremony following a 4:30 p.m. meeting at Horace Haworth Hall of Science, High Point College.
The Piedmont association will convene at the Southgate Center in Thomasville on May 10 with speakers including the county agriculture extension agent who will discuss nursery and landscape relations and county agents after dinner.
The board of directors declares dividends on common stock 15 cents per share and on series A preferred stock 1.125 dollars. Dividends payable April 1 to stockholders of record March 15.
A business owner relocates from the first to the ninth floor, renting the first floor space to a New York City based outfit. Quartite plans to use er cee of household accessories in the new arrangement.
A Guardsman investor received regular dividends of 50 cents per share during the year 1967. The record notes the firm paid this amount to shareholders on its standard distribution cycle.
John J. Cronin regional representative of the National Association of Real Estate Boards will spend Monday in High Point meeting with local realtors and business leaders. Welborn Malpass president of the High Point Board of Realtors announced the visit. Cronin travels from Chicago to discuss board matters and will address the luncheon meeting.
Business on Rockspring Road and Howard at 2505 E Lexington Ave transfer from L A Welch Printing Co to Floyd Parker and Jack Howard. The print shop at 112 N Wrenn St formerly owned by L A Welch was run by Parker and Howard, continuing High Point’s longstanding job printing tradition after Welch’s death.
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