Price Rollbacks and Warnings Hit Major Firms
The Price Commission ordered Daitch Crystal Dairies to roll back prices and disgorge excess profits, while nine large firms with sales over 100 million face potential civil or criminal penalties for missing required profit margin reports. Ford may face 1973 car production delays due to possible faulty antipollution tests. General Motors recalls 22 000 Buick and Oldsmobile models for inspection. The report also notes a Brookings study warning of a looming federal tax hike and a proposed centralized stock trade reporting system.
MENTIONED IN THIS ARTICLE
New York
Ford Motor Co
The
Price Commission
Daitch Crystal Dairies, Inc
Daitch
Garfinckel
Brooks Bros
Miller & Rhoades
Commission
Ace Hardware Corp
Naven Industries, Inc
Botany Industries
Cotter & Co
American Export Industries
Leaseway Transportation
Rollins International
Merchants Buying Syndicate, Inc
Seaboard Flour Corp
National Can Co
American Co
Continental Can Co
Crown Court & Seal Co., Inc
Environmental Protection Agency
EPA
Ford
Congress
General Motors Corp
Buick
Oldsmobile
Brookings Institution
United States
Nixon
New York Stock Exchange
American Stock Exchange
Securities and Exchange Commission
Burlington's Pete Wood One Of A Kind Upholstery Expert
Pete Wood of Burlington, a 63 year old, is the Globe division’s sole regular sample upholsterer at Mangum Street. He began in 1921 as a 13-year-old tow boy and has since built a 50 year continuous service record. Wood heads the training department, explains sample pieces are designed from drawings, tested, and sometimes rebuilt until the designer’s point is achieved. He and wife Erna have a long family history in High Point and attend the local Methodist Church.
MENTIONED IN THIS ARTICLE
Pete Wood
Globe Division
Burlington House Furniture
Wood
Globe
Globe Parlor Furniture Co
Mangum Street
S. Main
Pete
Stokes County
Percey C. Wood
High Point
Erna Prevo
Randolph County
Max
Elizabeth
Paul Edwards
Coltrane Avenue
Market Ends Week Higher on Cautious Optimism
The Dow Jones average closed at 971.25 on Friday, up 9.71 from 961.54 the prior Friday, its best level since December 19, 1968. The Associated Press average rose to 335.3, up 1.0 from the prior Friday, as analysts noted a mood of cautious optimism among investors.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Central Carolina business notes and regional awards update
The American Society Chartered Life Underwriters chapter hosts its annual ladies night in Greensboro with local trust officers and spouses. Lowe's Companies reports Q3 1972 sales of 55.95 million and earnings of 1.023 million, with EPS 0.32. Indian Head declares quarterly cash dividends. record date June 9 and payment July 1. Buick award honors Scott Garten Buick staff for service excellence.
MENTIONED IN THIS ARTICLE
Central Carolina
American Society Chartered Life Underwriters
Jefferson Standard Country Club
Greensboro
CL. A
Burlington
High Point
Winston-Salem
Indian Head, Inc
Jobless Rate Still High As Recovery Lags In Trade Winds
Trade Winds reports that manufacturing expands with gains in orders shipments and production. Hiring rises while layoffs shrink but unemployment remains stubbornly high. Experts split on whether joblessness will ease. Dr Jules Backman warns of a large full employment deficit, while administration cites teenage and female labor force growth and a 4 percent unemployment benchmark.
MENTIONED IN THIS ARTICLE
Jules Backman
New York University
Nelson elected senior vice president of Champion Internationa
L Clair Nelson age 53 has been named senior vice president of legal affairs at Champion International Corporation. A Logan Utah native he earned a BA in business administration from Utah State University and earned a JD from George Washington University Law School in 1947.
MENTIONED IN THIS ARTICLE
New York
L. Clair Nelson
Champion International Corporation
U.S. Plywood
Champion Papers Inc
Nelson
Logan
Utah
Frrom
Utah State University
George Washington University Law School
Loans Up in Fifth District Banks says Richmond report
Federal Reserve Bank of Richmond survey shows 28 large Fifth District banks with total gross loans up 104.96 million dollars. Domestic commercial bank loans rose 59.97 million, interbank adjusted loans up 44.83 million, demand deposits up 118.17 million, time deposits 92.03 million, investments down 12.83 million. Financial loans declined 9.3 million with reductions in loans to other institutions and to purchasing and carrying securities. Securities under resell agreements increased 19 thousand.
MENTIONED IN THIS ARTICLE
Richmond
Federal Reserve Bank of Richmond
Federal Reserve District
Economy Changes Urged By Reuss At Builders Luncheon
Representative Henry S. Reuss cites need to cut unemployment and the federal deficit and to align fiscal and monetary policy with noninflation goals. He warns of a tight money crunch for home builders unless full employment is achieved without inflation.
MENTIONED IN THIS ARTICLE
Washington
Henry S. Reuss
D-Wis
The
National Association of Home Builders
Reuss
Also Mentioned on This Page
White House
Commerce Department
Council of Economic Advisers
Toe JA Sond
JFMAM
TA Sond
Jfmi
Garfinckel Brooks
Georgia Internat
Guardian Corp
Harrelson
Henredon Furniture
Hoover Co
Iilley of York
Aerotron
Interstate Corp
Integon Corp
American Furniture Crew
Atlanta
Joslyn Mfg
Kenan Transport Bankers Trust
Kewaunee Scientific Tae
Bassett Furniture
Knape & Vogt Mfg
Bill Alien Com
A Roger Properties
Bill Allen Debs Oo
Lance Inc
Bi-Lochy
Lane Companies
Life Assurance of Caro
Little Mint
Bank & Trust
X Logic Corp S
Lowe’s Companies
Mack's
Brush Bergilium Wa Ar Methode Electronics
Mid-South
Multimedia
Ewe Finance
Ncnb Corp
Cameron Brown
NC Natural Gas
Cameron Brown Com
Northwest Fin. Corp. Ws
Cameron Fin. Corp
Carolande Combat
Occidental Life Ins
Oakwood Homes
Carmine Foods
Sia
Carolina Caribbean SM
Peoples Bank
Rocky Mt. Carolina P&l
Phillips Foscue
Caroling Wise
Teidmont Aviation
Planters Bank Rocky
Security Finance Corp
South Carolina
Ins
S.C
Southern National
Southern Nat
Spartan Food Systems
Speizmanings
Synercon Corp
Telerent Leasing Textiles Inc Wa ‘ Nee Z Transcont
Gas Prepline
Lee A Ae Oo Transport Data Commun
Aiee
Tri-South
Tri-South Mortgage Com
Tri-South Wts
Ee United Coro
Brancshares
Oe Ie
B. Walker Shoe Hall
White Shield Co
Eee
Mi! Wix Corp
Wright Machinery
Ray Hubbards
Lowe's Companies, Inc
Walter Bovis
Tony Powers
Scott Garten Buick
Barry Sigman
Buick Motor Division
Sigman
Carolinas
BY Lou Schneider
George Schultz
President
George P. Clark
C.S.A
Hayden Place
Juanita
Sam” Henderson
English RD
Corner Elm St
Iintegon
Robert McCuisten
C.sa
South Main Street
EdLyon, Jr
C.la
North Carolina
Jan Sedberry
Ben Wilson
Snelling and
Snelling
Gatewood Avenue