Record Employment and Labor Strife Looms
The Commerce Department reported 62,367,000 Americans employed in August, a new record, as labor troubles loomed with a planned CIO strike against General Electric. The piece notes rising prices, rising production, and a market resuming recovery after wartime disruptions.
MENTIONED IN THIS ARTICLE
Richard Fiske
New York
CIO Electrical Workers Union
General Electric Company
Commerce Department
Congress
Australia
Fall business outlook at a glance from inflation and debt
The Business Mirror surveys a cautious fall outlook as inflation, wartime demand, and rising debt strain the economy. It notes July backlogs at three billion dollars, consumer credit at a record 20.3 billion, and potential cost pressures from tax increases and an excess profits levy. The piece cites concern over the dollar’s value and possible tighter monetary policy.
MENTIONED IN THIS ARTICLE
Commerce Department
Congress
Federal Reserve Board
Quickie tax could hit 39 million taxpayers
In New York September discussion explains how the 1949 50 tax forms will be altered by higher congress approved rates. The piece describes calculating tax at old rates on full year then at new rates, subtracting, dividing by four and adding to the first to reveal the final liability. It blames Dean Acheson for the policy blunder.
MENTIONED IN THIS ARTICLE
National City Bank of New York
Federal Reserve System
Treasury
New York
You
Congress
Dean Acheson
Securities Quotations May 31 1950 National Trade List
Official bid and asked prices from NASD and other sources serve as a guide to approximate ranges for securities as of 5/31/50. Listings include Acme Al Alloys, Alabama Mills, Carolina Tel Co, Chad Hos Mills, Garlock Packing, Gordon Foods, Peninsular Tel, Piedmont Aviation, American Enka, Chase National Bank, Edison, Hanes Mills, Kellogg, Nations and many others with varied bid and asked quotes.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Acme al Alloys
Ala Grt Sou RR
Sseseee
Alabama Millissoone
Carolina Mtn Tel Co
Caro Pow & Lt Co
Carolina Tel & Tel Co
Chad Hos Mills,Inc Com
Chad Hos Mills
Chase Nat'l Bank
Dan Rio Mills
Edison, Thomas A “By
Gamble Brothers
Hanes, P H Knitting Co
Hytron Radio & Tel
Jeff Ltd Life Ins Co
McBee Company
Nat’l City Bank NY
Willo Water Service Co
Robertson, H H
Spindale Mills
American Marietta Co
American Trust Co
Atlanta Gas Lt Co
Auto Fin Co
Bank of Manhattan
Bassett Furn Industries
Bausch & Lomb:Op
Stralls & Blue Bell, Inc
Rdgins Co
Shelby
Buffalo Eclipse Corp
iButler’s, Inc Com
iButler’s, Inc
Cable Dairy
Col’n Stores, Inc
Creamery Pkg Mfg Co
Dixie Home Stores
Douglas & Lomason
Drexel Furniture Co
Dan & Bradstreet, Inc
Ero Manufacturing Co
Erwin Mills, Inc
Frost Dairies, Inc Com
Frost Dairies
Home Insurance Co
Hotels Statler
Houston Ofl Fld
Hytron Radio & Tel Com
International Cellucation
Prod Co
Inter Mtn Telephone
Irving Trust Co
Ivey, J.B. & Co
ATK
Kellogg Co
Kingsport Press
Life & Cas Ins Cool Tenn
Long Bell Lumber Co
Monumental Life Ins Co
Moore Handley Hdw
Mooresville Mills
Morganton Furn Co
Munising Wood Prd Co
Nat'l Fire Ins Co
New
Britain Machine Co
Newport Steel
N.C. Railroad Co
Occidental Life Ins Co
Potash Co of America
Pyramid Life Ins Co
Riegel Tex Corp
Rose
Rulane Gas Co
Seaboard Fin
Security
Nat'l Bank
Lou Webb Mills
Standard Stoker Co
Atonecutter Millis
Carisn
Talon, Inc
Taylor Foods
Cecevers Qs
Tenn Gas
Texas Eastern Trans
1732 Textiles, Inc
Textiles, Inc
Thiokol Corp
the Tidewater Power Co
Towmotor Corp
Trans Gas Pipe
Victor Pred Corp
Wachovia Bnk & Trst Co
Warner & Swasey Co
West Point Mfg Co
Wilmington Savings & Trust Co
Co. SL
Radio Station Recommended For Surety Company
Washington reports examiner J. D. Bond recommends Surety Broadcasting Co be authorized to build a Charlotte North Carolina radio station on 930 kilocycles with 5000 watts daytime 1000 watts at night unless objections are filed The recommendation also covers Tar Heel Broadcasting System Inc changing WRRD Washington NC from daytime to unlimited operation with 5000 watts daytime 1000 watts night Southern Radio and Television Corp seeks permission to build a standard station on 730 kilocycles with 1000 watts daytime
MENTIONED IN THIS ARTICLE
Washington
Surety Broadcasting Co
Charlotte
N. C
The
Communications Commission
Examiner J. D. Bond
Bond
Tar Heel Broadcasting System, Inc
WRRD
Uncle John Haggarty's 100th Birthday Remembered
In Monrovia California on September 2 President Truman and Governor Warren sent birthday greetings to Uncle John Haggarty who celebrated his 100th birthday yesterday, fifty four years after suffering a severe heart attack.
MENTIONED IN THIS ARTICLE
John
Monrovia
Calif
Truman
Gov. Warren
Governor Scott and wife go to beach for Labor Day weekend
Governor Scott and his wife departed yesterday for a North Carolina beach resort for Labor Day weekend. The governor's office did not disclose which beach they are visiting.
MENTIONED IN THIS ARTICLE
Scotts
Raleigh
Scott
Time tested faith of customers and bank wealth
The article honors a bank's 1950 ledger showing resources near 10 million dollars and the faith of customers with 45 35 and 25 years of loyalty, noting wars booms panics and upheavals as tests of character and service.
MENTIONED IN THIS ARTICLE
High -Point Savings and Trust
Also Mentioned on This Page
New York’ Stock Exchange
Business Mirror
By Sam Dawson
Labor Day
Leslie Gould
North State
North State Telephone CO
High Point Savings and Trust Company
High Point
S. H. Hilliard
J. Elwood Cox
Robert R. Ragan
Edward L. Ragan
Sam Hilliard
Elwood Cox
R. R. Ragan
Bank of 1950
Piedmont
H. N. Williard
Member
Federal Deposit. Insurance Corporation
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