Prices To Rise Amid Auto Industry Recession Warning
Chrysler Chairman Lynn Townsend warned of a serious recession in the auto and housing sectors as President Ford’s advice failed to spur demand. Townsend cited an $8 million third quarter loss and urged easier credit and relaxation of safety and antipollution equipment requirements to stimulate spending.
MENTIONED IN THIS ARTICLE
New York
Lynn Townsend
Chrysler Corp
Ford
Townsend
Chrysler
Nixon
Trade Winds Managers Of Money Not At All Bullish
Wealth managers say money supervisors are not bullish on stocks. They cite Burns lukewarm on Ford inflation plan, a recession view, and continued high corporate borrowing. Oil prices, wage growth, politics, and 1975 inflation threaten spending. car maker profits rise despite weaker sales.
MENTIONED IN THIS ARTICLE
New York
Washington
Ford
Market declines push Dow below 637 as week ends
The Dow Jones industrial average closed Friday at 636.19, down 18.69 from the prior Friday, while the Associated Press stock average stood at 213.8, down 5.1 for the week. A weak Monday rate cut failed to lift sentiment and markets drifted lower over three days. Friday's session mixed as blue chips weighed on the Dow.
MENTIONED IN THIS ARTICLE
Associated Press
Siegel Promoted at Ciba Geigy Agricultural Division
Martin Siegel is promoted to lead a new formulation development group at Ciba Geigy Corporation Agricultural Division headquarters. He has over 12 years in formulation development and production and was a senior chemist before the promotion. He is married to Betty Dobin of South Brunswick NJ and lives in Jamestown with sons Scott and Michael. Miss Regina Easter named vice president at Top Supplies Inc rising from secretary there since June 1972, daughter of Didney Easter of 1612 Eastchester Dr.
MENTIONED IN THIS ARTICLE
Greensboro
Martin Siegel
Ctha-Geigy Corporation
Siegel
Siegel Is
Betty Dobin
South Brunswick
Jamestown
Scott and
Michael
Top Supplies, Inc
Regina Easter
Miss Easter
Beeson Hardware Co
Didney Easter
Eastchester
Burlington Industries Board Adds Two Directors In Shuffle
Burlington Industries elected two new board members Williard Ss Boothby Jr and Hansel B Millican Jr Boothby is chairman and CEO of Blyth Eastman Dillon & Co Millican is corporate executive VP at Burlington The changes surface as other corporate moves include Charles Way resigning from WGHP TV to lead Easternads Allen MacKenzie resigns from Champion International without replacement Richard Lowry named VP and GM of Trend Carpet based in Rome Georgia Drexel Heritage head Howard Haworth remains in charge Builders Mart Kernersville opens a new building supplies firm led by Larry W Dudley and features brands like General Electric Anderson American Standard ITE Dan River Marsh Furniture and more Bank loan data for the Fifth District shows mixed shifts with loans deposits and investments moving in various directions across the week ending October 16.
MENTIONED IN THIS ARTICLE
Burlington Industries
Williard’ Ss. Boothby Jr
Blyth Eastman Dillon & Co., Inc
New York
Hansel B. Millican Jr
Burlington
Champion International Corp
Allen MacKenzie
MacKenzie
Champion International
Richard W. Lowry
Trend Carpet
Sidney Schwartz
Lowry
Rome
Howard H. Haworth
Drexel Heritage
Drexel
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Migh Point Enterprise
Stephen H. Miller
AP Business News
Lou Schneider
North American Newspaper Alliance
Federal Reserve
Arthur Burns
Burns
House
Senate
Scotland
Detroit
Ford Motor Co
General Motors Corp
American Motors
Exxon Corp
Gulf Oil
Cities
Indiana Standard
Phillips Petroleum
Continental Oil
Shell Oil
Ssociated
Associa Etion
American Furniture
Eid
Bankers Trust of
S.C
Bassett Furniture Blacks
Ihone Brenner
Gm Ava Burnup & Sims ci
Burris
Cameron Finance
Cannon
Nan
Carolina
Ise
Cale Coc
Centraaro
Bank Central Vermont
Charter Bancshrs
Chatham Mig
CBS Corp
Colonial Life
Coca-Cola Co
Conner Homes
Daniel Internat
Vic Diamondhead Corp
Durham Life
Engraph Inc
Fidelity Corp
Export Corp
Farmers New World
Forsyth Bank & Trust
Franklin Lifens
Genl. Financial
Guardian Corp
Heltig Meyers Me
Menradan Furniture Vaya Tava Tekory Furnituri A
Philips
Southern Nat. Cor
Spartan Food Systems
BM VA Super Dollar
Synarcon Corp
Ava Texiiles Inc. Telerent Leasing
Thalhimer Bros
Aya Wa
Transco Companies
Unill the United Cara. Bancshares Va
Eas Wa
Virginia International Ita
Virginia Natl. Bank
Alker Shoes Washin
White Shield Coo” Vite
Wright Machinery
DOW Jones
Fmam
Lisitit Jasond
Fred G. Culler
N.C
Atg Farm Insurance
Bicomington, Linght
Ray Hubbard
Charles Way
Wghp-Tv
High Point
Easternads, Inc
Builders Mart Builders Mart, Inc
Kernersville
Highway 66
Larry W. Dudley
Duke Power
General S Electric Appliances
Anderson Windows
American Standard Plumbing Supplies
ITE ‘Electric Supplies
Dan River Carpet
Marsh Furniture
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Robert McCuiston
C.L.A
S. Hamilton
Integon
Snelling
Gatewood Ave
Wilbur M. Currie
CLA
Jefferean Fantiara
Anserphone
N. Main ST
U.S
Philadelphia
New Orleans
San Francisco
Trust Department
High Point Bank and Trust CO
Carson City Mint
New Orleans-O
San Francisco-S
Carson City
N. Main Street
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