Economic Recovery Shows Signs of Sputtering
The economy shows a patchy recovery with weak consumer enthusiasm and lagging business spending. Inflation remains high, unemployment rises to 8.6 percent in October, and housing stays subdued. Some positives include falling interest rates and rising incomes, but overall optimism is dampened as forecasters warn a sustained rebound is unlikely without price stability.
MENTIONED IN THIS ARTICLE
New York
First National City Bank
New York City
Dire Predictions Ended as Fee Wars Fail to Spark
AP reports the first year of unrestricted fee competition in stock trading has been weak. A publicized broker price war for large investors did not trigger the mergers and liquidations some predicted after the May 1 end of the fixed commission schedule. Before May 1 customers paid under a complex, fixed fee scale about half to two percent of trade value.
MENTIONED IN THIS ARTICLE
Chet
New York
Wall Street
Lewis A. Engman
Federal Trade Commission
Wall
New York Stock Exchange
Mayday
Wall Street Tension After Mayday Stock Trading Shakeup
The Mayday reforms push down interdealer prices and spur cost cutting across Wall Street. Large firms gain from volume and strong profits while NYSE members rise from 505 to 513. research boutiques face pressure as unbundling remains slow and uncertainty lingers over pricing for services.
Market Climb Follows NYC Financial Progress
The Dow Jones closed at 960.67 on Friday, up 19.91 from a week earlier, while the Associated Press average reached 270.1, up 4.6. Analysts credited progress on New York City's financial issues for portions of the market rise.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
New York City
Business Notes and Awards Highlight Regional Professionals
Ms Patricia Smith joins Mabe & Co Realtors as a sales representative with a background in Texas and Kentucky teaching and real estate training from Guilford Technical Institute. Joseph Allen Grant of 311 Druid Dr has won the Initial award in the W. Clement Stone International Sales and Management Achievement Club. Kay Skeen, JCPenney selling supervisor, completed a three day selling supervision course in Atlanta. David B Bishop of Pilot Life has qualified for the 1975 National Quality Award. Piedmont Chapter Systems Group to hold monthly meeting December 3 at Rodeway Inn Greensboro with a data communication roundtable and talk by Dr Eugene R Watson UNC Chapel Hill. Federal Reserve Bank of Richmond weekly survey shows loans and deposits shifts with total loans at 15.89 billion and various changes across categories.
MENTIONED IN THIS ARTICLE
Joseph Allen Grant
Druid Dr
Combined Insurance Company of America
Grant
W. Clement Stone International
Kay Skeen
Jcpenney
Atlanta
Ms. Skeen
Route 5
Jcpenney Associated
Pilot Life Insurance Co
David B. Bishop
Pilot Life
West
Lexington Ave
National Assn. of Life Underwriters
Life Insurance Agency Management Assn
Quality Life
Systems Group Piedmont Chapter
The
Assn. For Systems Monument
Rodeway Inn
Greensboro
Eugene R. Watson
School of Education
UNCCH
Also Mentioned on This Page
Business Mirror
John Cunniff
James Pate
Academe
National Association of Securities Dealars
Astatron Inc
American Furniture
Bankers Trust of
S.c. Y
Basset Furniture
Ve Branch Corp
Brenner
Burnup & Sims
S.C
Cocastola
Care
Bae of Ganner Homes
Internat
Diamondheld Corp
Burhem Life
Engraph “Inc
Fidelity Corp
Yo Kenan Transport
Tanee
Cone. Co
Deggett & Plait
Mint ” Towe's Co
P'S
Nec
Corpi noWeath
Fin Occidental Lite Inv
Sinchethimer Brox
You
E.F. Hutton
Reynolds Securities
Merrill Lynch
Salomon Brothers
Jfemamj
Robert McCliston
Cl.a
S. Hamilton St
Tel
Jintegon
Veoes
Vernon Equipment Company, Inc
New St
Moving & Storage
Llores St
Mabe
Patricia Smith
Mabe & Co. Realtors
Ms. Smith
Texas
Kentucky
LaMar State College of Technology
Beaumont
University of Louisville
Guilford Technical Institute
Matthew Smith
Mobil Chemical
Ray Hubbard
Tion Development
Federal Reserve Bank of Richmond
Ilderton-Dodge Auto-Truck Leasing
Mg Cebit A
Rhms Amerikan
Bermuda
Charleston
Greece
World Travel Agency
Carolina Motor
North Main St
High Point
N.C
Lyles Chevrolet CO
Lyles Chevrolet
N. Main ST
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