Butz Farm Posture Faces Senate Doubt Amid Farm Policy Clash
Washington reports say the Senate Agriculture Committee remains uncertain on Earl L. Butz as farm secretary while the Nixon administration argues farm policy under the cloud of a record corn crop and dock strikes. Palmby Campbell and other aides defend policy, citing weather and export disruptions as factors in low feed prices and inflation relief steps. The USDA expects net farm income near 1970 levels, even as critics question Butz’s ties to large agribusiness and his Eisenhower-era past.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Agriculture Department
Senate
Earl L. Butz
J. Phil Campbell
Clarence D. Palmby
White House
Acts of God
Butz
Ezra Taft Benson
Eisenhower
Senate Agriculture Committee
Administration
Palmby
Minnesota Farm Bureau
Campbell
Farm Bureau
Durham
N.C
USDA
Ezra Taff Benson
Bad Check Warning Issued
Businessmen were urged to carefully cash checks as the Christmas season nears. J Roscoe Adams of Wachovia Bank listed eleven rules to prevent losses from bad checks, including beware of strangers, verify IDs, and limit checks to purchase amounts.
MENTIONED IN THIS ARTICLE
J. Roscoe Adams
High Point
Wachovia Bank and Trust Co
N.A
Adams
Inflation cools as Nixon policies impact markets
Trade Winds notes consumer inflation easing due to Phase 1 and 2 controls with a slower rise in prices and gasps at a bumper harvest keeping food costs down. Markets doubt a coming superboom, while labor disputes and international operations influence investment and hiring.
MENTIONED IN THIS ARTICLE
Alliance
NEW York
Nixon
Federal Reserve
U. S
Washington
William Rogers
United States
Congress
Market Mixed as AP Averages Dip and Dow Rises
The AP stock index average of 60 stocks closed Friday at 293.5, down 2.6 from last week. The Dow Jones industrial average finished at 816.59, up 5.92 from the prior Friday, with Thursday trading closed for Thanksgiving Day.
MENTIONED IN THIS ARTICLE
Dow Jones
Administrative Management Society to Meet at Top of the Mart
The High Point chapter will hold its meeting Wednesday December 1 at 6 p.m. J R Bauman international president of the AMS will speak. Bauman is Armstrong Cork Co general manager of administrative services since 1968 with a background in office methods production planning and salary administration. Bob Little of Pilot Life Insurance Co is program chairman and Floyd Ennis of Marsh Furniture Co. will deliver the five minute talk.
MENTIONED IN THIS ARTICLE
High Point
Administrative Management Society
J. R. Bauman
The
Bauman
Armstrong Cork Co
Armstrong
Bob Little
Pilot Life Insurance Co
Floyd Ennis
Marsh Furniture Co
Piedmont CPAs Host Ladies Night Dinner Dance
The Piedmont Chapter of the North Carolina Association of CPAs will hold its annual Ladies Night on Friday December 3 at the Hilton Inn in Greensboro. The event starts at 7 p.m. with dinner and dancing. Music by The Autumn Mist.
MENTIONED IN THIS ARTICLE
Piedmont
North Carolina Association of Cpa’s
Hilton Inn
Greensboro
Loans Fall at Fifth District Banks in Week Ended Nov 17
The Federal Reserve Bank of Richmond reports a weekly drop in gross loans among 28 major Fifth District banks. Loans decreased by 270.705 million, reducing total outstanding to 9.933681 billion. Domestic commercial bank loans fell 294.537 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth
Federal Reserve District
Interbank
Let The Seller Beware
The piece argues Western finance centers on commercial paper rather than actual goods. It notes how possession, not payment, can determine ownership in auto sales and international trade. It cites debtor politics and cites Stimson on war debts while highlighting creditor-vendor dynamics and credit expansion.
MENTIONED IN THIS ARTICLE
United States
Henry L. Stimson
Insurance Agent Attends Milwaukee Seminar
J. C. Red Boyles of Boyles Insurance Agency in High Point completed a four day seminar at Time Insurance Company’s Milwaukee home office. The program covered life health disability and group insurance details for independent representatives.
MENTIONED IN THIS ARTICLE
J. C
Red” Boyles
Boyles Insurance Agency
High Point
Milwaukee
Time Insurance Company
Pan Am Reports October Results and Ten Month Totals
Pan American World Airways and subsidiaries report October net income of 1.548 million or 4 cents a share, reversal from last year's 8.621 million loss. October revenues reach 103.902 million, up 14.9 percent. expenses 99.561 million, up under 1 percent. For ten months, net loss 12.377 million or 32 cents per share versus 9.998 million loss or 29 cents last year. Net loss includes mutual aid payments. capital gains for ten months total 480 thousand after taxes, down from 3.898 million.
MENTIONED IN THIS ARTICLE
Pan American World Airways, Inc
Lost Days: 1582 calendar reform drops 10 days
Pope Gregory XII directed skipping ten days in October 1582 after the Julian calendar error. Oct 4 was followed by Oct 15, adjusting the calendar to realign with the solar year. The reform avoided further drift and influenced future timekeeping.
MENTIONED IN THIS ARTICLE
Gregory XII
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