Expecting Price Declines Curb Buyers Says NICB Survey
American consumers cut back on major purchases like cars homes and appliances amid expectations of lower prices. NICB survey data from September and October credit inflation fears, while durable goods orders fell in October and wholesale prices rose 4.8 percent in November. Extension of the 10 percent income tax surcharge through mid-1970 was approved by the House with Senate action pending.
MENTIONED IN THIS ARTICLE
New York
National Industrial Conference Board
NICB
Conference Board
Labor Department
Commerce Department
Senate
Nixon
House
Dargest
International Nickel
United States
U. S
Greyhound Corp
Armour & Co
Futuie
Armour
General Host ® Corp
Greyhound
International
Air’ . Transport Association
IATA
Dallas
Don Reymonds
TATA
Airlines
Caracas
Venezuela
Alitalia
Stock Market Slumps Amid War End Hopes and Tax Losses
The stock market sharply fell as hopes for easing monetary restrictions and progress toward peace in Vietnam dimmed. The Dow fell 26.13 to 823.13, with declines broad across the New York Stock Exchange and tax-loss selling adding to selling pressure. The Fed's credit squeeze was cited as a major depressant, while President Nixon urged anti inflationary policies to continue.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
Vietnam
New York Stock. Exchange
Federal Reserve
Wall Street
Fed
Tion
Nizon
Washington
Dow Jones
Dow
Brewer Expands Touch of Beauty with New Corp
Business notes report that Bill Brewer of Touch of Beauty Inc forms a new corporation to extend operations in North Carolina. Clark Oborme joins as expansion and development officer as branches open in Winston-Salem Mt Airy Greensboro Lexington Asheboro and Hickory. The firm will keep focus on home cleaning while holding exclusive steamer carpet cleaner distributorships. Wachovia Bank gains IRS approved master profit sharing plan for deferment and tax advantages benefiting firms and employees.
MENTIONED IN THIS ARTICLE
Bill Brewer
Touch of Beauty, Ind
Brewer
Clark Oborme
Ray’s Restaurant
Touch of Beauty,Inc
Winston-Salem
Mt. Airy
Greensboro
Lexington
Ashboro
Hickory
Touch’ of Beauty, Inc
Inc
Ding Industrial
Home Aid
Carpet
International Equipment, Corporation
Wachovia
U. S. Internal Revenue Service
Wachovia Bank and Trust.Co
N.A. Trust Division
J.R. Adams
Wachovia ‘Trust
Wachovia ‘Trust Employe Benefits Department
IRS
Wachovia. Trust
Lane Co to Acquire Craft Associates in furniture deal
Lane Co of Altavista Virginia repeats a tentative agreement with Craft Associates of Wilkes Barre Pennsylvania to acquire Craft with 320000 Lane common shares. The deal values the transaction at about 11.5 million dollars with Lane to remain a subsidiary. Craft reports net earnings of 944000 on sales of 15674000 for year ended January 31 1969. This marks Lane's fourth furniture maker purchase this year.
MENTIONED IN THIS ARTICLE
Lane Co
Altavista
Craft Associates
Wilke+Barre
Craft
Lane Common
Lane
Appointment Set For Fashion Coordinator at Silver Knit
The appointment of Beth Sattinger as fashion coordinator for Silver Knit Industries Inc was announced by Paul C Moran Jr president of Silver Knit Sales Corp a division of Sil- This notice confirms a leadership staffing change in the company’s fashion division.
MENTIONED IN THIS ARTICLE
Beth Sattinger
Silver Knit Industries, Inc
Paul C. Moran, Jr
Silver Knit Sales Corporation
Sil
Also Mentioned on This Page
High Point Enterprise
Whayne’ Eisenman
Associated .Press
New York ‘Stock Exchange
Standard ‘& Poor
New York Exchange
University ‘Computing
Fairchild Camera
Schlumberger
Memorex
Limerican Telephone
Roan
Selection ‘Trust
City Investing
Penn Central
British Petroleum
Titerathon
Solitron
Robert McCuiston
CLU
North Carolina National Bank
Security Life’ ‘Trust Company
Philips
Reid Provident
Er’ Commission
Ruddice
Ruddick
Aeratron
SkyCity
Corp
Atlanta
Barbereene Langle
Bassel
Vermont
American Wachovia ® Corp
SGV
N.C
Washington Mills
Ind. Corp
Walker
Shoe Western
Caren Tel
Cam’ Corp. Me
SA Cnc
Futarice Ave
Carolina’ Casualty
Carolina
Pwre& Pid
Caralina
Steel
Caine el Flo. Central
Chatham Mfg. Co
Galonial Stores
Colonial
Apc
Pfc
Durham Life VW Equitable
TOR
Union
Natl
Bancorp
Garfincker
Brooks Bros
Guardian
Georgia
Gwaltney
Hardees
TS Education
Jveys
Kaiser
Aigh Abeready, Kewaunee Scientific
Knaps— Vogt WM
Lancer'Inc
Yourean Life of Caroling We
Lowes Companies
Ora
atVy
Ncnb ‘Corp. Rta
Einarielal
Peoples
Teeeet Ar Peoples Bank. & Trust
Telephone
Reproductions, Inc
E. Westword
David W. Adams
Guilford Technical Institute
GTI
GTE
Professional Life Insurance Service
Geo. P. Clark
Lyon
Hayden Place
Ray Hubbard
Kuit Industries, Inc
High Point
Sattinger
Huntingdon Mills
Doc Spun
Rob Roy Company
Bays
New York City
Silver Knit Hosiery Mills, Inc
Set - Financial Industrial. Fund, Inc
Gerald L. Johnson
Financial Programs, Inc
Hornblower & Weeks
Hemphill Noyes
New York Stock Exchange
Friendly Ave
G. Jones
E. Diffendal
Hickory Custom Case Company
P.O
Teo Ou Orderey
E.O. Lane
Insurance Agency
Standard Life & Casualty
Jack Knox
WEANT
Chevrolet
CS Ec
Eae
Ser Nahh
Eefr T. Doobrow
Fur Geer
General. Motors
Plymouth
Howard Stutts
William H. Bell
Chrysler
Horace G. Ilderton, Inc
S. Main
Stenos
Expiredas
High ST
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