Investment Credit Restored To Help Economy
President Johnson urged Congress to restore the 7 percent investment tax credit for business equipment and machinery, citing an economy balance and inflation containment. He noted reduced rates and easing demand pressures as signs of recovery, with firms planning modest capital outlays. Roger M. Blough of U S Steel praised the move as boosting supply and reducing inflation risk.
MENTIONED IN THIS ARTICLE
New York
Johnson
Congress
Roger M. Blough
U. S Steel Corp
Ithe Commerce Department
Securities and Eachange Commission
Nesses
Fed frees 850 million in loans easing seasonal demand
Banking opinion says the Federal Reserve Board’s 850 million dollar reserve cut is a seasonal move not a Johnson pump priming effort. Bond prices rose on the news while stocks lagged. total credit this year may top 80 billion, with investor caution ahead of 1967 annual reports and stockholder meetings.
MENTIONED IN THIS ARTICLE
Alliance
NEW York
Federal Reserve Board
Johnson
Fed
FRB
Federal Reserve
Bankers Trust of New York
Bankers Trust
Bond sales rise as consumers save more amid weak auto demand
Treasury reports February bond sales hit a seven year high while retail sales lag. Analysts note broader 1966 savings surge and lowered consumer demand for goods, with bond yields up to 4.15 percent making bonds a more attractive option.
MENTIONED IN THIS ARTICLE
New York
Treasury
Security Quotations Interdealer prices near 3:00 pm Thursday
NASC quotations show interdealer prices around 3:00 pm with about 11% activity. Prices exclude retail markup, markdown, or commissions. Listed firms include Carolina Freight Carriers, Central Vermont, Colonial Stores, Commonwealth Life, Public Service of N. C., and more.
MENTIONED IN THIS ARTICLE
NASC
Brustum
Caroline Capita
Carolina Freight Carriers
Carolina Natural Gas Central Carolina Sk
Central Vermont Coastal Plain Life Ins
Colonial Stores
Rockwell Mfg
Rowe Furn
Ja Bank
Western Power & Gas
Broyhill to Add Occasional Tables Line at Conover Plant
Broyhill Furniture Industries of Lenoir plans a new complete occasional table line in its premier upholstery division. Tables will debut at the April Market with about 60 pieces across four groups French Italian Mediterranean and Early American. John A. Fatzick named sales manager for occasional tables, overseeing design and merchandising. Production will occur at the Conover plant, which will also continue dining room chair output. Separately, High Point agency Security Life and Trust earned Million Dollar Agency honors for 1966 life and health sales led by Robert A. McCuiston Jr. and James E. Webb.
MENTIONED IN THIS ARTICLE
Federal National Mortgage Association
Johnson
Federal Home Loan
Bank of Chicago
Savings and Loan
John E. Stipp
Tate
Sears, Roebuck & Co
F.W. Woolworth Co
W.T. Grant Co
Gamble-Skogmo, Inc
S.S. Kresger Co
Mon Ward & Co
General Motors
Broyhill Furniture Industries
Lenoir
Pete Seast
Broyhill
John A. Fatzick
Fatzick
Conover Furniture Co
Conover
Robert A. McCuiston Jr
James E. Webb
Arnold’s 1939 push spurred Air Defense Command birth
General Henry H. Arnold urged a unit to study U S needs for air defenses in 1939 which led to the creation of the Air Defense Command. Today ADC maintains 300 plus locations from Thule Greenland to the Gulf of Mexico.
MENTIONED IN THIS ARTICLE
H. H. Arnold
U. S
Air Defense Command
ADC
Thule
Greenland
Gulf of Mexico
Former high life resident struggles to return home
A former well to do resident now faces hardship as he attempts to move back to his former home and regain stability. The piece portrays shifts in wealth and living conditions, highlighting the personal impact of changing fortunes on daily life and security.
Also Mentioned on This Page
By Jack Lefler
THE
Associated Press
Ray Hubbard
High Point Agency of Security Life and Trust Co
Charles P. Landt
Paul Kennedy
Thomasville
F. E. Myers & Bro. Co
Ashland
Ohio
Cameron-Brown
Cameron - Brown Co
North
South Carolina
Virginia
Tennessee
E.O. Lane
Jefferson Standard
Eferime
RE Leahy
Fortis
King, N. C
High Point Office
Robertshaw Controls
Leeds and Northrup
Hornblower & Weeks, Hemphill Noyes
New York Stock Exchange
W. Gaston St
Greensboro
Geo. G. Jones
Res. Mgr
Charles E. Diffendal
High Point
George W. Gillie
Allen B
J. Sturgis May & CO
North Carolina Bank
Robert A. McCliston
Life Accident & Health
High Point Bank
Travelers
Hartford
Conn
John Diffendal
Piedmont Insurance
Crown
C. Joe Honeycutt and Associates
Gatewood Ave
Occidental Li
North Carolina
Home Office
Raleigh
Lane
Professional Life Insurance Service
Lyon
Mutual Life Insurance
America
New England Lite
Hayden Plac
Group Insurance
Pension
Cme
Cally
Lael
Wm Oosl
First Union National Bank
Amalie
Ccca General Insurance
North Main Street
High Point, N. C
John W. Herndon
Jay Wood
Ford
A Point Leasing Co., Inc
Eeeglish Motor Co
Washington St
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