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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

May 28, 1972

Page

6

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.

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.

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.

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.

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.

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.

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.

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.

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
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