Business and Labor Told to Take It Easy on Prices
Nixon administration urged business and labor to restrain price and wage increases. Paul McCracken warned against inflationary expectations, forecasting slower demand growth and a softer market. The report notes corporate profits rose 10 percent in 1968, construction contracts surged, and a major Atlantic Richfield Sinclair merger created a large petroleum player.
MENTIONED IN THIS ARTICLE
New York
Paul W. McCracken
President’s Council of Economic Advisers
McCracken
Nixon
Kennedy
Johnson
U.S
First National City Bank
Trade Winds War On Inflation Is Only Limited By LOU SCHNEIDER
North American Newspaper Alliance reports corporate executives doubt the Nixon administration will curb inflation. Inflation rises in steel and gas prices, with White House silence. The Fed faces pressure to tighten, banks must cut credit to halt spending while corporations plan record capital investment. Monetary policy may extend into 1969.
MENTIONED IN THIS ARTICLE
New York
Nizon
White House
Federal Reserve
FEC
Federal Reserve System
Stock Quotations of The Counter Market Report
Stock quotations from The Counter market page show daily price movements, with notable shifts in several issues. Traders watch for volume spikes and minor gains in blue chips and mid cap issues amid broad market volatility.
Cox Named General Manager Of Covert Textile Co
Cox named general manager of Covert Textile Co Inc by president Joe Covert. Cox, in fabric business for 11 years, previously led Dixie Supply & Sales Co in High Point and worked for Globe Furniture Co. Jim and Marilyn Cox, four kids, live in Jamestown. Also reports January sales of U S Savings Bonds and Freedom Shares in North Carolina up year over year, with Guilford County sales at 584,736 toward its quota.
MENTIONED IN THIS ARTICLE
Cox
Wayne Cox
Covert Textile Co., Inc
Joe Covert
Covert
Dixie Supply & Sales Co., Inc
High Point
Globe Furniture Co
American Supply Co., Inc
Wayne
Central High School
U.S. Navy
Marilyn
Brookview Circle
Jamestown
Green Street Baptist Church
Freedom
Guilford County
J.E. Pleasants
High Point City
Thompson & McKinnon Broker Seminar Draws Attracts Atlanta Staff
The southern region of Thompson & McKinnon brokerage firm held a Saturday seminar in Atlanta. Seven members from the local office attended, which opened in 1967 with five account executives and now has seven with two more in training in New York City. Research analysts from New York guided the session. James M. Buckner Jr. joined Marlowe Van Loan Corp. of High Point after a decade at Geigy Chemical. Buckner is married to Sondra Anderson and they have three children living in Atlanta, with a Georgia Tech degree.
MENTIONED IN THIS ARTICLE
Thompson & McKinnon Brokerage Firm
Atlanta
New York City
New York
James M. Buckner Jr
Geigy Chemical Company
Marlowe-Van Loan Corp
High Point
Buckner
Sondra Anderson
Peters Named Manager at Life of Carolina Group Division
J Larry Peters has been appointed manager of the group division at Life Assurance Company of Carolina. He previously served as assistant vice president group underwriting at Louisiana and Southern Life in New Orleans. A Georgia State College graduate, he and his wife Sandra and their four children plan to reside at 809 East Lexington.
MENTIONED IN THIS ARTICLE
J. Larry Peters
Life Assurance Company of Carolina
Life of Carolina
Peters
Louisiana
Southern Life
New Orleans
Georgia State College
Atlanta, Ga
Sandra
Lexington
Weyerhaeuser Foundation Gives 12500 to NC College Group
The Weyerhaeuser Company Foundation donated 12500 to the North Carolina Foundation of Church Related Colleges Inc an association of NC independent colleges. The gift is part of 116000 to 23 private college associations aiding education and regional needs tied to the companys employment reach. Since 1955 the foundation has disbursed 1.2 million under this program.
MENTIONED IN THIS ARTICLE
Weyerhaeuser Company Foundation
North Carolina Foundation of Church-Related Colleges, Inc
North Carolina
Independent Colleges and Universities
Simmons Company 1968 sales and income rise record
Simmons Company posted 1968 sales of 237,346,857 dollars, up 12 percent from 1967. Net income reached 8,551,011 dollars or 3.02 per share, compared with 6,960,141 dollars or 2.49 per share in 1967.
MENTIONED IN THIS ARTICLE
Simmons Company
Myers Named Personnel Manager for North Carolina Blue Cross
John B. Myers of Durham has been named Personnel Manager for North Carolina Blue Cross and Blue Shield, Inc. He has served in the Durham personnel department since April 1965.
MENTIONED IN THIS ARTICLE
John B. Myers
Durham
North Carolina Blue Cross and
Blue Shield, Inc
Myers
Blue Cross
Blue Shield
Wiley Promoted Senior VP Manufacturing at Indian Head Hosiery
Fred Wiley, formerly vice president at Indian Head Hosiery based in High Point, has been named senior vice president manufacturing. Wiley, with the firm since 1937, will oversee expansions and diversification of manufacturing efforts.
MENTIONED IN THIS ARTICLE
Fred Wiley
Indian Head Hosiery
High Point
Wiley
Also Mentioned on This Page
F. W. Dodge
McGraw-Hill Information Systems Co
Commerce Department
Federal Reserve Board
IS. Oil Companies
Atlantic Richfield Co
Sinclair Oi Corp
Atlantic ‘Richfield
Justice Department
Sinclair
Atlantic Richfield
BP Oil
Lou Schneider
North American Newspaper Alliance
FRE
William Martin
FRB
Martin
Lear Siegler Corp
Hornblower & Weeks Hemphill
New York Stock Exchange
W. Friendly Ave
Greensboro
Rester
Charles E. Diffendal
Greenshoro
Eater
Aérotran Wa
Alba Waldensian
American Fidelity
American Institutional
American Land
Atetican
American Sec
No. Co
Atlanta Gas Bight
Disson Inc
Durham Lite
Eckerd Drugs
Equitable Leasing Farmers New Orld
Wye Ae Federal Corp
First Union First Morty
Franklin Realty Mas. Bancorp
Garfinckel Brooks Bros
Georgia International
Gulf Life. Ins
de Hardnes Sys. Com
al Harris-Teeter
Henredon Home Security
Infegon Corp Weys
Jefferson Pilot Corp
Joslyn Mfg
Kalvarne
Kalvar Wis
Kaiser Steel
Kewaunee Scientific Ey Co
Lance, Inc
Life of
Caraling 3A
Methode
Elec
MPB Corp
National Dev. Corp
Ova National Food
North Amer
Ncns Corp
N.C. Natural Gas
Northwestern Bank
Bienda Occidental Life
Wa Peoples Nat
Phillips Fescue Fiedmont Aviation
Piedmont Natural Gas Real Estate Fund
Ma Ava Real Estate Fund
Roses
Rowe Furn
Ruddick
Sonoco
State Capital Life
Nat'l Corp
Ad Tco Ind. Nose Inc
Agent Leasing
Triangle Brick
Washington Mills Wa Walker, B. B. A
Western Carolina Tel
Wix_Corporation
Numa F. Reid Lodge
GAM
Roy N. Sanders
E. G. Updegrove
Masons
Ray Hubbard
Stocks. & Bonds
J. Sturgis May & CO
Murat Incorporated
North Carolina Bank
David W. Adams Business & Personal Insurance Service
NCNB
Prudential Insurance Co. of America
Jim Brafford
Wm. H. Bell
DODGE
Chrysler
Plymouth
General Motors
FORD
Piedmont Triad
Horace G. Alderton
S. Main St
Ray Edgerton
Registered Funds ,Inc
Telephone
Professional Life Insurance Service
Geo. P. Clark C.la
Hayden Place
Lyon
Security Life and Trust Company
Integon
Integon Corporation
Wtalk
Robert A. McCliston
High Paint Bank
Corporation
Raeins
Computer Service
Jetterson
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N. Main St
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Mar
Sheraton Hotel
High Point, N. C
John W. Davis
Winston-Salem
Reynolds Bldg
N. C
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