Oil and Auto Giants Vie in Alaska Bid Frenzy and GM Price Hikes
The AP reports a historic bid race for Alaska North Slope oil with $900 million committed by 11 majors including Atlantic Richfield, BP, Mobil, and Texaco. Oil reserves may reach 1 to 50 billion barrels, with transport challenges ahead. GM raises 1970 prices by about 21 percent amid rising costs while Chrysler and AMC also hike. Knudsen’s departure at Ford shocks industry as production edges higher and inflation signs calm. Market optimism grows on inflation and Vietnam war developments.
MENTIONED IN THIS ARTICLE
Arctic Circle
North American
Atlantic Richfield
Home Oil
BP Oil
Mobil
Phillips
Socal
Texaco
Hamilton Bros
General American
Shell
Pam Am Oil
Humble Oil & Refining Co
Manhattan
Northwest Passage
Canada
General Motors Corp
James M. Roche
Chrysler Corp
Semon Knudsen
Ford Motor Co
Knudsen
General Motors
Henry Ford II
U.S
Vietnam
William M Chesney Martin
Federal Reserve Board
Senate Banking Committee
Women Get Insurance Benefits Across 1968 Death Payments
The Institute of Life Insurance reports that in 1968 ordinary life policy death payments totaled 2.2 billion. Widows and children received 70 percent, with estates and trusts 10 percent. Men dominated policyholders, while women were direct beneficiaries in seven of ten cases.
MENTIONED IN THIS ARTICLE
Institute of Life Insurance of
New York City
Institute of Life Insurance
Institute
Stock Quotations From Various Companies
A scattered stream of listed entities appears in this stenographic stock roundup including Eckerd Drugs Equitable Leasing Farmers New World Federal Co. Fidelity Corp. I First Mortgage Ins. First Union Natl. Bi Franklin Life Garfinckel Brooks E Georgia Guardian Care Gulf Site Holding Gwalmey Hardees Sys. Com. Harris-Teeter Henrecon Hickory Furnit Home Security Integen Corp. Iweys design Kaiser Steel $1.46 Kenaunes Scientific Knape Vog Aig Lance Life of Carolina Lowes MPB Corp. Methode Electronic Medic Homes National Dev. Corp. National Food National Old Line Nationwae Homes NCNB Corp Natural Gas Northwestern Fn. Corp Lite re
MENTIONED IN THIS ARTICLE
Eckerd Drugs
Equitable Leasing
Farmers New World Federal Co
Fidelity Corp
First Union Natl
Gwalmey Hardees Sys. Com
Harris-Teeter Henrecon Hickory Furnit Home Security
Integen Corp
Iweys Design
Aig
Kaiser Steel
Kenaunes Scientific Knape&Vog
Aig Lance, Inc
Life of Carolina
Lowes Companies
MPB Corp
Anagusta Manufacturing seeks 350000 shares in IPO
Anagusta Manufacturing Corporation owner Welbilt of Waynesville filed with the SEC for an initial offering of 350000 common shares. CEO Gene J. Minotto said Welbilt will hold about zero percent of the stock. proceeds will repay loans and provide working capital for future acquisitions to expand facilities. Burlington Industries to open a 3 million dollar transportation terminal and fabrics distribution center in Burlington on Sept 23, comprising four buildings on a 54 acre site. Burlington appoints Letitia Baldridge as director of consumer affairs in New York to enhance public ties, a first for the textile industry.
MENTIONED IN THIS ARTICLE
Anagusta Manufacturing Corporation
Welbilt Corporation
Waynesville
Securities and Exchange Commission
Gene J. Minotto
Anagusta
Welbilt
Minotto
Burlington Industries
Burlington
Transportation Division
Burlington Retail Fabrics
Burlington Transportation
Letitia Baldridge
Miss Baldridge
Chicago
New York City
Also Mentioned on This Page
Imperial LeBaron
Crown
Auto Industries
Jack Lefler
New York
American Motors Corp
Lee Mays
Eiscom
Lesa
IMPS
S. Main St
High Point
N.C
Bank & Trust
Piedmont Aviation
Piedmont Natural Gat
Quality Mills
Alba
Dan Na Pua Roses
American Fidelio Waa
Ruddick
American Institut
American Land
We State Canital Life
American Mortgale Ins
Atlante Gas Light
Bank of Granite Triangle
Barber Greene
Vermont American
Bassett Furniture
Wachovia Corp
Bank of
Washington
Brigadier
Ind. Corp
Walker
Brush Berg
Buckbee-Mears
Wix Corporation Cam Corp
Wright Machinery Hag
CAC
Carolina Casualty Ins
Carolina Freight
Carolina Pwr
Tava
Carolina Steel
Carolina Wholesale Pia
Central Carolina Bank
Aay
Cato Stores
Central
Vermont
Chatham
Coastal Plain
Colonial Stores
Durham Lite
Hornblower & Weeks
Hemphill Noyes
New York Stock Exchange
Friendly Ave
Greensboro
Charles E. Diffendal
High Poing
Telephone
Reproductions, Inc
Ray Hubbard
Consumer Affairs
Burlington Industries, Inc
J. Sturgis May & CO. Watts Incorporated
North Carolina Bank
Professional Life Insurance Service
CLU
Hayden Place
Lyon
Geo. P. Clark
David W. Adams Business & Personal Insurance
NCNB
Prudential Insurance Co. of America
Lane
Computer Services
Jetterson Standard
Office
Ife Insurance
Robert A. McCliston
High Point Bank
Integon
Security Life and Trust Company
Rea Group Insurance Cm Aed
Neem Ar Au
Speeg Eee
Powell, Kistler
Powell, Kistler & Co
New York and American Stock Exchanges
Carolinas
N. Main St
Fayetteville
Charlotte
Kinston
Raleigh
Myrtle Beach
Carolina Caribbean
City
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