Economy shows signs of cooling as mark rises
West German mark gains value in foreign exchange after Berlin’s midweek move to float the currency. Analysts, including Paul McCracken, say U.S. inflation pressures may ease with a slower pace of growth in 1970. Commerce data show softening construction and tool orders while auto and steel output edge higher or recover.
MENTIONED IN THIS ARTICLE
NEW York
Paul W. McCracken
Nixon
Council of Economic Advisers
U.S
West Germany
Jong
United States
Britain
France
Germany
Social Democrats
Free Democrats
Central Bank Council
Klaus-Dieter Arndt
McCracken
Willis W. Alexander
American Bankers Association
Honoulu
Martin R. Gainsburg
National Industrial Conference Board
Henry van B.cleveland
First National City Bank of New York
Commerce Department
National Machine Tool Builders Association
Stock Quotes By The Associated Press
A compact stock quote desk reports market activity with brief figures and index movements from the Associated Press system. Commentary and details are limited to core price changes and trading status for listed securities.
New Job Agency Franchise Sold By Baker & Baker
Baker & Baker Employment Service Inc announced the sale of a High Point franchise plus three others in North Carolina. The firm plans 12 new offices this month, bringing total locations to 46 in 11 states, with the home office in Nashville Tennessee.
MENTIONED IN THIS ARTICLE
Baker & Baker Employment Service, Inc
High Point
North Carolina
Winston-Salem
Salisbury
Burlington
Nashville
Tenn
Retirement of Gordon M. Robinson from American Furniture Mart staff
Gordon M. Robinson senior vice president in charge of leasing at the American Furniture Mart of Chicago will retire January 15 1970 after 43 years in the home furnishings industry. He joined in 1926 as building superintendent and later led leasing operations becoming senior VP in 1967. He has served as president of the Furniture Club of America and held key charge card roles with Wachovia Bank and The American Bankers Association. New details note diverse training programs at Norwich Pharmacal Co and Eaton, with personnel changes and sales territory lines. Newbill joined Eaton in 1968, a Virginia Tech graduate, to run a Greensboro based sales area.
MENTIONED IN THIS ARTICLE
Gordon M. Robinson
American Furniture Mart
Chicago
The
Mart
Robinson
the Mart
Furniture Club of America
Wachovia Bank and Trust Co
Assn
Russell
ABA
Association
Honolulu
Dallas
Texas
Russell Edges Charles In Tight Finish
Russell surpasses Charles in a close contest as Russell, leader of Complete Course, defeats opponent Charles Russell. Richard E. Newhill of High Point, a medical sales representative for Eaton, was noted in association with the event.
MENTIONED IN THIS ARTICLE
Richard E. Newhill
High Point
Eaton
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