Social investing gains ground amid slow fund growth
AP analysis notes early social criteria funds faced investor talk over real commitment. Third Century and Pax World show resilience as corporate social consciousness becomes a management criterion, with Third Century up over 50 percent in a year and assets near $20 million. Howard Stein of Dreyfus says the concept is viable and aims to translate wealth into broader fulfillment.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Kenneth Oberman
Dreyfus Third Century Fund
Third Century
Pax World
Dreyfus Corp
Howard Stein
Dreyfus
Higher Interest Rates Seen By Lou Schneider
Financial sources note Fed Chair Arthur Burns aims to keep markets orderly in a New York default scenario. Fed moves hint at accommodation, but economists foresee rising rates in 1976 as private credit grows and deficits widen. Heebner cites a projected 75 billion dollar 1976 deficit and potential tax/ spending shifts. The outlook suggests tighter money markets, higher rates, and stronger bank loan demand.
MENTIONED IN THIS ARTICLE
Lou Schneider
Ameni
Yspaper Alliance
New York
Federal Reserve Board
Arthur Burns
New York City
Fed
Commercial Bank
Philadelphia National Bank
Gilbert Heebner
Bank
Heebner
Congress
Ford
Congressional Budget Committees
Grain Sale Draws Fire From Farm Groups
AP Farm Writer DON KENDALL reports farm organizations remain unhappy with the long term grain deal that will sell the Soviet Union six to eight million metric tons of wheat and corn annually, shipments to begin next October. The National Grange supports the pact, while groups like National Farmers Union National Farmers Organization and American Farm Bureau Federation oppose, citing export controls and government influence on free markets.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
United States
Soviet Union
National Grange
John Scott
White House
National Farmers Union
Ford Administration
Moscow
Grain Sales to Russia Benefit U S Agriculture Says NCSU Expert
NCSU economist Dr. T Everett Nichols Jr calls the 1 billion year long U.S.-Soviet grain deal favorable for agriculture and the economy. The pact secures minimum 6.5 million tons of corn annually for five years with possible extra purchases up to 8 million tons, plus a separate oil sale agreement. Nichols discusses impacts on trade balance, farm jobs, and multiplier effects across sectors.
MENTIONED IN THIS ARTICLE
Bill Humphries
N.C. State University
Raleigh
North Carolina State University
United States
Soviet Union
U.S
T. Everett Nichols Jr
Russia
NCSU
Ussr
Local Business Moves And Financial Updates In North Carolina
Clyde Blair joins Morgan's Expert Fence Co sales staff after 21 years at Sears in High Point and Winston-Salem. Sarah Allen becomes George Clements Realty sales agent, with economics studies and broker licensure. Van H. McSwain named to Blue Cross Blue Shield Greensboro Subscriber Advisory Council. Arwood Corp declares 10 cent extra dividend for 1975 with 10 cent quarterly and notices Southern Die Casting plant in High Point. Piedmont Chapter of ASMS to meet Nov 5 at Holiday Inn West. Fifth District Fed report shows mixed bank loan and deposit changes with various sector shifts.
MENTIONED IN THIS ARTICLE
Associated Press
Brenner Inds
Chatham
Associ Burris Inds
Are & Sims
Hm Cas Corp
Represen Proxi
Coca-Cola Co
Jude Capri Inc
Capri Inc
Colomat Lite
Mately
Carmine
Conner Forests
Caralina Cas
Aim ‘Context
Aerotron Inc
IOPFE
Camel Internet
American Furniture
Care
Steel Corp N. Durham Life Ins
Bramnondhead Corp
Bankers Trust of
S.C
Mom & Pop
Mollimedia
Ncnb Corp. Ba
NC Natural Gas
Northwest Fin. Corp Tm
NewWestn Fining Us
Occidental Lite Ing PA
Phillips Fescue
Sma
Piedmont Aviation
Biedmont Reit
N.C
Thalhimer Bros
Ivy Triangle Brick
Uniti Ine
Wa Ua
Caro Baneshs
Natl
Bank
Walker Shoes Ae
Washington Group
Ee Ty White Shield Co
West Keitting
Wright Machinery
Clyde Blair
Morgan’s
Expert Fence Co
Blair
Sears, Roebuck Co
High Point
Winston- Salem
Sarah Allen
George Clements Realty
van H. McSwain
Blue Cross
Blue Shield of
North Carolina
Greensboro
Health Care Plan
Blue Shield
Arwood Corp
Southern Die Casting Company
Albertson Road
Piedmont Chapter
The
Assn. For Systems Management
Holiday Inn West
Willard J. Graham
Unc-Ch
Market Ends Week With Slight Decline Amid City Woes
The Dow Jones average closed at 36.04 on Friday, down 4.48 from the prior week, while the Associated Press average finished at 264.1, down 1.6. Investors watched New York City's ongoing problems as a central concern shaping sentiment.
MENTIONED IN THIS ARTICLE
Associated Press
New York City
Also Mentioned on This Page
High Point Enterprise
NEA
Oren Lee Staley
National Farmers Organization
American Farm Bureau Federation
OPEC
Nichols
Paul W. Clapp
Jlieu Wami
DOW Jones
Fence Sales
Thomasville
Lee Institute of Real Estate
Richie Allen
Greenhaven Drive
Archdale
Russell H. Tagert Jr
J. Kenneth White
R. E. Gladden
T. R. Collins
J. E. Kimble, Jr
High Point Br
Liberty Life
Arwood
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Elizabeth
Caribbean Cruises
Fort Lauderdale
Norfok
Great Britain
World Travel Agency
Johin Motor Club
North Main St
N. C
PeUinteaw
Pevint Bane City Council
Pee el Usl Balad Ee
Hunter Dalton I
Municipa
RFA Te
Meta Hee
Noe
Odie Te
Tee Ae
William Bell
Ilderton
Dodge Auto-Truck Leasing
ORL
Moving & Storage
Mayflower
Granville
S. Hamilton St
Fred P. Newby
Steve Foster
GEN. Ngr
Craig Newby
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