Week In Business Economic Picture Shows Cautious Recovery
The week's business picture hints at a cautious revival with a 10.6 percent rise in planned capital spending and a possible summer upturn hinted by Herbert Stein. Jobless rate at 4.2 percent, manufacturing hours at a low, and GM expanding production. Zenith cuts jobs while planning a Taiwan plant, and Bank of America trims FHA VA mortgage rates to 4 percent. Penn Central seeks to drop 48 passenger trains amid talks of a semipublic rail solution. Toyota recalls 26 525 Corolla owners with brake component fixes. Legislation to require clearer warranty disclosures for products 25 and up proposed. Levin Townsend suit reveals Canadian buyers eyeing the Bonanza Hotel deal in New York federal court.
MENTIONED IN THIS ARTICLE
New York
Herbert Stein
Nixon
Council of Economic Advisers
Zenith Radio Corp
Commerce Department
U.S
Taiwan
Joseph S. Wright
Zenith Preident
General Motors
Norwood
Ohio
Bank of America
Federal Housing Administration
Veterans Administration
Penn Central Railroad
Interstate Commerce Commission
Broadway Limited
Chicago
Penn Central
Senate Commerce Committee
Transportation
John A. Volpe
Toyota Motor Sales U.S.A., Inc
Levin- Townsend Computer Corp
Las Vegas
Howard S. Levin
Trade Winds Labor Worries Fuel ICC Delay and Strikes
The ICC delays a 6 percent rail freight increase to study rate adequacy amid looming nationwide strike threats. Labor Secretary Shultz had urged broad emergency laws, while Nixon contemplates compulsory arbitration. Teamsters and URW wage gains could influence auto contracts and broader economic recovery concerns.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American Newspaper Alliance
New York
Interstate Commerce Commission
ICC
Peng Pong
Congress
Nixon
George Shultz
Teamsters
United Rubber Workers
URW
Teamsters Union
Walter Reuther
United Auto Workers
UAW
American Labor Alliance
United Rubber Workers Union
Reuther
Teamsters and Rubber Workers
General Motors
Ford
Chrysler
White House
Rubber Workers
Auto Workers
Career Tips and Job Ads for Auditors from Dixie Personnel
An advertisement promotes careers in auditing highlighting requirements a college accounting degree and CPA exams. It notes high pay at senior levels, strong demand for qualified auditors, and offers Dixie Personnel services since 1954 with contact details 115 Arcade Building phone 885-5176 open daily 9 to 5.
MENTIONED IN THIS ARTICLE
Siaam
Dixie Personnel
Arcade Building
Speaker Named Randolph W. Thrower to Address NC CPA Group
Randolph W. Thrower, commissioner of Internal Revenue, will speak to the Piedmont Chapter of the North Carolina Association of Certified Public Accountants and guests Tuesday at 6:30 p.m. at the Sheraton Motor Inn in Greensboro. The IRS chief oversees policy planning for the service and administers seven regions and 58 districts.
MENTIONED IN THIS ARTICLE
Randolph W. Thrower
Internal Revenue
Piedmont Chapter
North Carolina Association of Certified Public Accountants
Sheraton Motor Inn
Greensboro
Commissioner of Internal Revenue
Internal Revenue Service
Over-The-Counter Stocks and Real Estate Funds Quote Sheet
Interdealer prices at approximately 3 p.m. Thursday show real estate funds and various corporations with bid and ask figures. Name entities include Sonoco, Wachovia, Carolinas entities, Lowes, Home Security, Northwestern Financial, and National Dev among others with mixed percentages indicating quotes and spreads.
MENTIONED IN THIS ARTICLE
Associated Press
Reid Provident
Deen
Heese
Ruddick
Seena Eae
Sonoco P
Southern Natt Corp
Textiles, Inc
Televent Leasing
Aerotron
Triangle Brick Um
American Institutional Dev
Wachovia Corp
Walker, B. B. Shoe
Washington Mills mm. Te. Branch Bank of N.C
Western Carolina Tel
Brigadier Ind. Corp
Wellington Hall M
Cato
Wix Corporation
WN C.M.C. Finance
Wright Machinery
Carolina Casualty Ins
Carolina Freight Carriers
Carolina Steel
Central Carolina Bank
Charlotte Motor Speedway
Chatham Mfg. Co
Cochrane Furniture
Daniel Construction
Eckerd Drugs
Nia
Equitable Leasing
Federal Co
Fidelity Corp
First
First Union Opencore
Franklin Realty
Guardian Care
Hardees Sys. Com
Henredon
Hickory Furn
Home Security
Integon Corp
Ieys
Lance Inc
Carolina
Fancourt Chemical to Open Ringgold Plant on I 75
The W. F. Fancourt Chemical Co of Greensboro buys a 14 acre site on Interstate 75 in Ringgold Georgia to serve Dalton Chattanooga area reducing shipping time and enabling closer customer contact. Construction starts in March with opening planned for early summer.
MENTIONED IN THIS ARTICLE
W. F. Fancourt Chemical Co
Greensboro
Interstate 75
Ringgold
John L. Fancourt
Dalton- Chattanooga
Hanes Sells HaneSport Inventory to Southern Athletic
Hanes Corporation of Winston-Salem announced the sale of its HaneSport team apparel inventory to Southern Athletic, Inc. of Knoxville Tennessee. The knitwear division will stop producing these products while Hanes retains the Hane-Sport name and licenses its use to Southern Athletic.
MENTIONED IN THIS ARTICLE
Hanes Corporation
Winston-Salem
HaneSport
Southern Athletic, Inc
Knoxville, Tenn
Hanes
Hane- Sport
Plumbing Exams Set By State Board in Raleigh
The State Board of Examiners of Plumbing and Heating Contractors will hold examinations for plumbing heating and air conditioning from April 28 to May 1 in Raleigh. Applications to F. O. Bates executive secretary P O Box 110 Raleigh NC 27602 must be filed by March 28 1970.
MENTIONED IN THIS ARTICLE
State Board of Examiners of Plumbing and Heating Contractors
Raleigh
F. O. Bates
P.O. Box
N.C
Armstrong Cork expands to boost production facilities
Record expansion investments by Armstrong Cork Co and subsidiaries rose 45 percent in 1969. Total capital expenditures at home and abroad reached $64.8 million, the largest 12 month total in the company's history. Major capacity build ups covered resilient floorings carpets furniture ceiling systems and industrial products with 10 to 15 percent of the parent firm
MENTIONED IN THIS ARTICLE
Armstrong Cork Co
Dividend Declared by B. B. Walker Shoe Co
The B. B. Walker Shoe Co of Asheboro declared a quarterly dividend of 13 cents a share on all common stock for stockholders of record March 20 with payment due April 1. This rises from 12 cents paid in the same quarter last year.
MENTIONED IN THIS ARTICLE
B. B. Walker Shoe Co
Asheboro
Accountants Chapter to Held Technical Program in Greensboro
The Piedmont Chapter of the National Association of Accountants will present a technical program March 19 at 6 30 p.m. at the Holiday Inn South in Greensboro. Speaker Thomas L Newberry will discuss When To Use Professional Consultants focusing on cost controls.
MENTIONED IN THIS ARTICLE
R. L. Emory
A&t University
North Piedmont
Professional Engineers of
Piedmont
National Assn. of Accountants
Holiday Inn
South
Greensboro
Thomas L. Newberry
Also Mentioned on This Page
Nixon Administration
Juanita Henderson
CPA
Namnee
Pradesh
Lane
Stellerson Standard
Ray Hubbard
J. W. Selden
Industrial and Marine Divisions
I&m
North American Rockwell
Harry H. Coll
Hatteras Yacht
Whit-Craft
Coll
Chris-Craft Corp
Pittsburgh
Hatteras
High Point
Armstrong
Thomasville Furniture Industries
Thomasville
Founders
Caldwell
Sinette
E. Westwood
Robert McCuiston
C.L.A
South Main Street
Integon’ Financial Services
R.S. Dickson
Powell
C Kisrrer
Crawford
New York and American Stock Exchanges
N. Main St
Feyettaville
Charlotte
Kinston
Columbis
Myre Beach
Linden St
Professional Life Insurance Service
Geo. P. Clark
C.L.U
Hayden Place
Lyon
DODGE
Howard Stutts
William Bell
Piedmont Triad
Ilderton Auto and Truck Leasing At
Horace G. Ilderton
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