Nixon Win Triggers Cautious Wall Street Read
AP reports business circles greeted Nixon's election with wait and see. Stocks rose briefly then fell, bonds lagged, as analysts noted policies likely stay with Democratic Congress and inflation focus. Despite a tax surcharge, profits rose 12 percent from a year earlier due to strong demand. New factory orders hit a September record.
MENTIONED IN THIS ARTICLE
New York
Richard M. Nixon
Nixon
Wall Street
Nix
Huberth. Humphrey
Congress
Johnson
Kennedy
Democratic Congress
Robert Weingarten
Scheinman, Hochstin & Trotta
First National City Bank of New York
Commerce Department
Five straight months of rising factory orders
The latest report shows new orders totaling $51.61 billion, up from $50.08 billion in August and $45.94 billion in September 1867, indicating continued expansion in manufacturing demand.
Engineers to Address Winston Salem Society Meeting
Dr. Sarah E. Elmaghraby of North Carolina State University will speak to combined members of the Winston Salem Chapter of American Engineers and the Central North Carolina section of the American Society for Quality Control on November 19. The joint meeting starts at 6:90 p.m. at Pinebrook Country Club in Winston Salem.
MENTIONED IN THIS ARTICLE
Sarah E. Elmaghraby
North Carolina State University
Raleigh
Winston - Salem
How To Invest Classes At Sheraton Hotel
A series of free hour and a half sessions titled How To Invest will run at the Sheraton Hotel on November 12, 19 and 26 from 7:30 to 9:30 each night. Led by John W. Davis II, stock broker of Reynolds Co. in Winston-Salem, the course will cover stocks and bonds, mutual funds, sound investing guidelines, speculating versus investing, how the stock market functions, the over the counter market, and the current market outlook. Davis trained at Wake Forest Guilford College NYU and the New York Institute of Finance.
MENTIONED IN THIS ARTICLE
Sheraton Hotel
John W. Davis II
Reynolds Co
Winston - Salem
Davis
Wake Forest
Guilford College
New York University
New York Institute of Finance
Hanes Corp to Build $5 Million Hartsville Hosiery Plant
Hanes Corp plans a $5 million hosiery facility in Hartsville Washington DC for ladies base wear, its fifth hosiery plant, expected to employ over 500 workers. Richard Hipps named to personnel department at Electronic Accounting Card Corp division Data Crop. Hipps, a High Point native, resides at 1121 Bridges Street, attended High Point College, previously worked at Burlington Industries Hillcrest Plant, attends Springfield Friends Church, and is a member of the High Point Personnel Association.
MENTIONED IN THIS ARTICLE
Hanes Corp
Hartsville
D. C
Colonial Stores declares quarterly dividend and data seminar
Colonial Stores Inc. directors declare a regular quarterly dividend of 35 cents per share and an extra penny on common stock. A 50 cent regular quarterly cash dividend on outstanding 4 percent preferred stock is payable December 1 to holders of record November 18. A Data Processing seminar on data series will be held in Winston-Salem from 9 a.m. to 4 p.m. at the Statler Hilton Hotel with reservations open to anyone with Obtain Management Assn. of Carolinas Virginia.
MENTIONED IN THIS ARTICLE
Colonial
Colonial Stores, Inc
Winston - Salem
Statler - Hilton
Obtain- Management Assn
Carolinas
Virginia
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Georgia International
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Peoples Nat
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EAC Post
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MAY & CO
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North Wrenn St . High Point
Value Line
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Att T. Doobrow
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Life of Carolina
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Lyon C.L.U
Southern Exposition
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Tony Russo
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John W. Davis
Winston-Salem
Reynolds & Co
NEW York Stock Exchange
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