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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Oct 19, 1975

Page

3

Interest Rates Drive Market Pattern Says AP Analyst

AP Business Analyst John Cunniff argues that stock prices rise and fall with interest rates. He notes the Dow hovered near 1,000 points only briefly in past decades, while 1974 saw a drop to 577.60 as prime rates peaked. Bonds have outperformed stocks in the 1970s, influencing investor behavior and Fed policy scrutiny.

John Cunniff New York Federal Reserve Board

New York City Default Looms Over Bond Markets

Federal Reserve may act as last resort to avert NYC default. Moody’s and bond dealers warn a New York City default would reverberate nationwide across municipal and corporate bond markets. Analysts foresee debt restructuring rather than outright repudiation, with long term damage to Fun City’s borrowing ability and widespread market impact.

Alliance New York Ford Treasury William Simon New York City Fed Arthur Burns Moody’s Investors Service John Nuveen & Co Big Mac Municipal Assistance Corp Naveen & Co Federal Reserve Bank New York State Burns Bank of Last Resort Fun City U.S. Treasury

Slow Stock Week Amid NYC Uncertainty and Federal Aid Debate

The AP average of 60 stocks closed at 263.7 Friday, up 2.3 from a week ago, while the Dow Jones average of 30 industrials rose to 832.18, up 8.27 from last Friday. Investor uncertainty over the New York City situation kept trading slow, despite an upbeat start led by Vice President Rockefeller’s weekend support for federal aid to New York.

New York City Rockefeller New York

Local Executives and Staff News From High Point Area

Wachovia Bank names Dorothy Lehman a banking officer in High Point with prior service as branch manager. Nick Difoggio named production manager at WGHP-TV, a High Point native now based in Greensboro. High Point officials set a speaking program for Administrative Management Society at Holiday Inn Downtown. New York Life hires Vann R. Taylor II as field underwriter in High Point. he previously managed Wachovia Bank branches. Three area realtors receive NC Association of Realtors roles at Myrtle Beach convention. Food Town Stores declares a 4 cent per share cash dividend payable Nov 18 to holders of record Nov 3.

Lehman Wachovia High Point Thomasville AIB First Presbyterian Church Ethel W. Cox Clyde W. Cox Harmon F. Lehman Marywood Dr Wghp-Tv Nick L. Difoggio Difoggio Greensboro Donald Roseman The Administrative Management Society Holiday Inn Roseman Wade H. Clayton Jr Winston-Salem Vann R. Taylor, II New York Life Insurance Co St. Andrews College Laurinburg Taylor Wachovia Bank New York Life Northpoint Ave Food Town Stores, Inc

Also Mentioned on This Page

High Point Enterprise Associated Press National Association of Securities Dealers Aerotron Incie 2A American Furniture Bankers Trust of S.C Basset Furniture Inds Branch Corp Ibu Brenner Inds Burnup & Sims Coca-Cola Co Colonial Life DOW Jones Conner Homes Daniel Internat Diamondhead Corp Durham Life Ins Engraph Inc Es Fidelit Corp Farmers New World Multimedia Ncnb Corp Ae N.C. Natural Gas Northwest Fin, Corp NoWestn Occidental Life Ins Phillips Fescue Piedmont Aviation Piedmont Reit Svc N.C Quality Mills RMIC Textiles Inc Thalhimer Bros Ae Transco Triangle Brick Unifi_ inc UN. Caro. Banetski Va. International Va. Natl, Bank B.B. Walker Shoes Washington Group West Knitting Corp White Shield Co Wix Corp Wright Machinery Coh Atrast Mal So Celeme Ley Larry Forrester Or William Bell Ilderton-Dodge Dorothy C. Lehman Wachovia Bank and Trust Co., N.A Ray Hubbard Realtors North Carolina Assn. of Realtors Myrtle Beach S.C Harold Craven Point Joe Hedrick Lexington Jay Ricks State Board of Directors Dorothy Lehman Robert CL. A S. Hamilton St Tel Reer Rr Iintegon’ Insurance Cata G.M. Bates Scott Garten Buick Eel S.S West Indies Caracas Venezuela Yucatan Peninsula Netherlands Antilles Miami City State Zip Statendam Coupon World Travel Agency Carolina Motor Club North Main St N. C Tim Khir Cunt Ntmi Loe Eyota George P. Clark, C.L.A Pul As Ote Income & Capital Associates, Inc Physicians Planning Service Corporation Asd Oat Oke Tea Taal Ecg Mel Equity Seevices Corporation Cy Ar Oearian
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