Inflation Fight Drives Prime Rate To New Peak
Banks raised the prime rate to 7 percent as part of a tight monetary policy aimed at cooling inflation. Officials including Wright Patman urged action against higher borrowing costs while the administration pursued restraint to curb economic growth and reduce demand. Private housing starts fell in February to 1.7 million amid higher lumber and mortgage costs, with government timber sales boosting supply.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York
Wright Patman
House Banking Committee
Nixon
Federal Reserve
Secretary of the Treasury
Council of Economic Advisers
Federal Reserve Board
Federal Front
Commerce Depart Reserve
Department
Commerce Department
Paul McCracken
President’s Council of Economic Advisers
New Insurance Agency Opens in High Point by Rudy Hinnant
Rudy Hinnant opens Rudy Hinnant Insurance Agency in the Hilton Building at 665 N. Main St with 17 years in insurance. He previously led Wachovia Bank & Trust Co.'s insurance department in High Point and managed the department from 1964 to 1968 before a merger. He aims to offer complete lines for individuals, families, and businesses.
MENTIONED IN THIS ARTICLE
Rudy Hinnant
Hinnant
Clebnt
Wachovia Bank & Trust Co
High Point
John Herndon Agency
General Adjustment Bureau
Winston-Salem
Wilson
Rocky Mount
WGHP-TV Hires Joe Fletcher as Assistant Director
Joe Fletcher formerly with WTVR Richmond has joined WGHP TV Channel 8 as assistant director. A Burlington native and Virginia Commonwealth University graduate, he holds a bachelor of fine arts in dramatic arts and speech. He and his wife Gayle Garnett of Enfield will reside in High Point with their two children.
MENTIONED IN THIS ARTICLE
Joe Fletcher
Wtvr Television
Richmond, Va
Wghp-Tv
Channel 8
Fletcher
Burlington
Virginia Commonwealth University
Richmond Professional Institute
Gayle Garnett
Enfield
Textile accounts promoted in Charlotte district leadership
E. E. Long of North Carolina Blue Cross and Blue Shield announces two promotions. William H. Anspach of Charlotte is named to a new textile accounts development post, and Robert W. Peterson of High Point succeeds Anspach as manager of the Charlotte district.
MENTIONED IN THIS ARTICLE
E. E. Long
North Carolina
Blue Cross and
Blue Shield, Inc
William H. Anspach
Charlotte
Robert W. Peterson
High Point
Anspach
Grace Martin Joins Wright and Co Realty Staff
Grace Martin has joined the Wright and Co realty sales team. An experienced broker, she is an associate member of the High Point Board of Realtors and a member of Emery wood Baptist Church. She resides at 426 W Lexington Ave.
MENTIONED IN THIS ARTICLE
Wesley Memorial United Methodist Church
Concerned Citizens of High Point, Inc
Grace Martin
Wright and Co. Realty Firm
High Point Board of Realtors
Emerywood Baptist Church
Lexington Ave
Boatworks Post Warren W Callaway Joins National Boats Works
Warren W Callaway of High Point joins National Boats Works Inc Greenville as sales representative. He moves from Boatworks Post Warren to represent the firm, expanding its sales force in the Greenville market.
MENTIONED IN THIS ARTICLE
Warren W. Callaway
High Point
National Boats Works, Inc
Greenville
R. V. Day Named Regional Manager for Borden North Carolina
R V Day appointed regional manager for operations of Borden Inc in North Carolina with HQ in High Point. Day brings decades in dairying, starting at Poinsettia Dairy Products in 1940 and remaining with Borden since 1943 aside from military service. He has led plants in Miami Dothan and Gadsden and was Gadsden branch manager in 1959 before becoming North Alabama manager. Day is married to Betty Alice Gienan and they plan permanent residence here soon.
MENTIONED IN THIS ARTICLE
R. V. Day
Borden, Inc
North Carolina
High Point
Poinsettia Dairy Products
Tampa
Fla
Borden
Poinsettia
Miami, Fla. Dothan
Gadsden, Ala
Gadsden
North Alabama
Also Mentioned on This Page
Reproductions, Inc
E. Westwood
George
George Williford
Barco Steel Corporation
Security Life and Trust Company
Integon Corporation
Robert A. McCliston
High Point Bank
Ray Hubbard
Edan Lamm
Kenly
1312
Hempshire
Jack W. Smith
Sunset Dr
Hollywood Beach
John Hancock Mutual Life Insurance Co
Clyde E. Swift General Agency
Greensboro
Smith
David W. Adams Business & Personal Insurance
NCNB
Prudential Insurance Co. of America
Peterson
Day
Day Is
Betty Alice Gienan
J. Sturgis May & CO. Yuran Incorporated
North Carolina Bank
High Pointe
Jim Brafford
Wm. H. Bell
DODGE
Plymouth
General Motors
FORD
Chrysler
Piedmont Triad
Horace G. Ilderton
S. Main St
RED Force
ENR
Q1avete Realty CO
Professional Life Insurance Service
P. Clark
C.L.U
Lyon C.L
Ano Scif Business Insurance
Group Insurance Pension Plans
Ma CCL
Edgar T. Docbrow
Cma Insurance A Luc Ears Et
RIX
W. High St
Hornblower & Weeks Empwill MO Forents
YES
New York Stock Exchange
W. Friendly Avy
Greenabere
Geo. G. Jono Ros
Mgr
Charles E. Diffendal
Personal and Business Life Insurance
Lane
Jefferson Standard Office Bets
First Fund
Virginia
First Virginia Management
OF Virginia
First Fund of
First
Best Virginia Management and Research Corporation
THE
Life Insurance Company OF Virginia
Ned Duncan
Powell, Kistler&co
Mr. Duncan
Main St
Feyettaville
Kiosto
Raleigh
TS Sata Beach
Newtle
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