Postfreeze inflation program edges toward teeth and controls
The Nixon administration signals postfreeze policy with wage linked to productivity, possible price controls, and continued exemption of profits from controls. Officials clash over who administers the controls while Treasury warns on long term contracts as fallout from the Nov 13 freeze looms. Internationally, Common Market presses dollar devaluation and tariff action, with aviation fare cuts by Lufthansa signaling further price competition.
MENTIONED IN THIS ARTICLE
New York
Nixon
Commerce
Maurice H. Stans
Treasury
John B. Connally
White House
Cost of Living Council
House
United States
Britain
Japan
Lufthansa
West Germany
Berlin
Stock Quotes From The Associated Press
Interdealer NASD prices are shown as representative quotations of about 3 cm. Thursday closing figures exclude markups markdowns or commissions while markets shift throughout the day.
Five Tar Heels to Receive Awards From Gov Scott
Five North Carolinians will be honored September 2 at a state dinner. The awardees will be cited for contributions to public service and community leadership. Names or specific fields not provided in the readable text.
MENTIONED IN THIS ARTICLE
Gov. Scott
Raleigh
Seare
Market Dips As Dow Ends Week At 908.22
The market slipped over the past week with the Dow Jones average closing at 908.22 Friday, down 2.18 from the prior week. The AP 60-stock average fell to 331.6, down 1.9, as analysts cited investor uncertainty after the 90-day wage price freeze.
MENTIONED IN THIS ARTICLE
Associated Press
Trade Winds Investors Waiting For New Controls
A recheck shows smart money held back from the stock surge after Nixon’s wage price freeze. Wealthy investors await government plans and Fed actions to judge if new policies will spur a slow recovery and affect long term gains. Bond desks remain heavily positioned, with dealers withholding from customers as expectations pivot.
MENTIONED IN THIS ARTICLE
New York
Nixon
Federal Reserve
UNCG Expands Distributive Education Teacher Program
UNC Greensboro expands distributive education in the School of Business and Economics to meet rising high school and postsecondary demand. New faculty Dr Stephen R Lucas and Benton E Miles join to broaden bachelor and master level offerings and an extension course at Forsyth Technical Institute in Winston-Salem begins Sept 20.
MENTIONED IN THIS ARTICLE
Greensboro
School of Business and Economics
University of North Carolina At Greensboro
North Carolina
David H. Shelton
UNCG
UNC G
Stephen R. Lucas
Benton E. Miles
Ohio State University
Lucas
Virginia Polytechnic Institute
Shelton
U. S
Forsyth Technical Institute
Winston-Salem
Business Purchase Announced in Greensboro Snelling Office
Joy Watson and Robert Greene announce the acquisition of the Snelling operation in Greensboro effective Oct. 1. Greensboro staff remain largely in place aside from top management with plans to more than double the eight-counselor operation. High Point and Thomasville offices were reorganized in preparation for the deal.
MENTIONED IN THIS ARTICLE
Joy Watson
Snelling & Snelling
Thomasville
Robert Greene
Raleigh
Burlington
Snelling
Greensboro
Watson
High Point
Debits Rise in Most NC Banking Centers in August
Federal Reserve data show increases in bank debits for all but two major North Carolina reporting areas. In August, Fayetteville SMSA led gains at 51 percent, Wilmington up 35 percent, Greensboro–Winston-Salem High Point 31 percent, Asheville 28 percent, Charlotte 22 percent, Raleigh 19 percent, and Durham up 3 percent, with Hickory and Wilkes declining in the period.
MENTIONED IN THIS ARTICLE
North Carolina
Federal Reserve Bank of Richmond
Fayetteville Standard
Wilmington
Greensboro
Winston-Salem
SMSA
Asheville
Charlotte
Alamo
Durham
SIMBA
Wandaré
Sta
Wien
Hickory
IBM
Wilwon
Hee
Reyr
Owl
Gow
High Pointer Opens Photo Finishers Firm in Town
David L. Barker, a native High Pointer, opens Service Craft Photo Finishers Inc at 1311 Johnson St. The shop offers a one day Rodocolor color processing service on film deposited by 11 a.m. and prints ready by 5 p.m. A pickup service uses Quale-Con receptacles in eateries and grocery stores with envelopes and address forms. Barker, who served in World War II, started photography in high school and aims for quick, quality color processing while handling black and white as well.
MENTIONED IN THIS ARTICLE
David L. Barker
Johnson St
Photo Concepts International
Atlanta
Rodocolor
Barker
Technical Intelligence Corps
Southwest Pacific
Hanes and Ball plan tax free merger talks
Hanes Corp owning 42 percent of Ball and Ball chairman Mike Stein owning about 22 percent agree in principle on a tax free merger via a Hanes subsidiary. Stein would swap one Hanes share for three Ball shares. A definitive deal hinges on board and shareholder approvals. Banks in the Fifth Federal Reserve District report week ending Sept 8 with total outs tanding at 9.812 billion, loans to domestic banks up 119.34 million, deposits up 100.84 million, and securities and other loans mixing.
MENTIONED IN THIS ARTICLE
Hanes Corp
Ball Company, Inc
Mike Stein
Ball
Bali
Hanes
Hanes and Bali
Fifth
Federal Reserve District
Orr to Address SAM Meeting at Bur-Mil Club
Warren G. Orr II of The International Nickel Co will address the Society for Advancement of Management at the Triad Chapter meeting on Tuesday evening September 21. The talk titled A Professional Approach to Self Development will be at 6 30 p m at Bur Mil Country Club north of Greensboro Visitors may attend and reservations are advised through Blue Bell Greensboro Dunhill High Point and Winston Salem contacts.
MENTIONED IN THIS ARTICLE
Warren G. Orr II
International Nickel Co
Society For Advancement of Management
Triad
Bur-Mil
Greensboro
Orr
International Nickel
S.A.M
James A. Giles
Blue Bell, Inc
Robert Baker
Dunhill, Inc
High Point
Ray Grupenhof
Winston-Salem
Loans Rise in Richmond Fed Survey on Big Banks
The weekly survey by the Federal Reserve Bank of Richmond shows gross loans at 28 of the nation's largest banks increasing. The report highlights higher lending activity across major financial institutions.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Photographer shifts from service to Lenoir business sale
The narrative notes a photographer who photographed enemy equipment during service and later spent 15 years with Alderman in office. He ran a photography business in Lenoir for the last decade before Alderman's firm purchased it as he planned a return to High Point.
MENTIONED IN THIS ARTICLE
Aldermans
Lenoir
High Point
J C Penney Reports 30 Percent Second Quarter Net Increase
J C Penney Co reports a 30 percent rise in net income for the second quarter ending July 31. Net earnings reach $24,705,919 versus $18,999,209 a year earlier, with primary EPS at 46 cents and fully diluted 45 cents. Sales climb 10.8 percent to a record $1,025,685,134.
MENTIONED IN THIS ARTICLE
J. C. Penney Co., Inc
Penney
Gerken elected 42nd president of NAFM at Boston meeting
Jack Gerken of Norwalk Ohio was chosen during the NAFM 43rd annual convention in Boston Massachusetts as the new president. He has served as NAFM vice president for two years and director for five. He succeeds David E Harden of Harden Furniture Co McConnellsville New York who becomes chairman of the board.
MENTIONED IN THIS ARTICLE
National Assn. of Furniture Manufacturers
Jack Gerken
Norwalk Furniture Corp
Norwalk
Ohio
NAFM
Boston
Mass
David E. Harden
Harden Furniture Co
McConnellsville
N. Y
Listener prompts retirement plan with Integon insurance help
A speaker advises the Listener to share after work plans to reach retirement goals. The message promises guidance on using Integon insurance and related financial services to achieve secure retirement.
MENTIONED IN THIS ARTICLE
Integon Insurance
Also Mentioned on This Page
THE
Barber Greene Bassett Furn Branch
Bank
NC Mu
Buckabee Mears
Carolande
Carolina Casine
Carolina Caribae Carolina
Carolina
Caro Bank
Efeney
Durham Lite
Equitadie Lees “ Farmers
UN Bank Care Foodtown
Gerrick Brooks
Georgia Vnti
Guardian Care
Herreten Pup
Furra
Vaneme
Integon Corp i
Kaver Weel
Tanee & Voy
Ceres
Peart
Stern
Bo Abe Ae Savintier
Werner
DOW Jones
By Lou Schneider
Mewapepe Agience
Waders
Nimor
Hye
DE Grows
Unc-G
George P. Clark
C.S.A
Hayden Place
Winston Caters Ltd
Winston Caterers, Ltd
Ed Lyon, Jr
C.la
North Cerelina
Nat. Bank
K. Greensboro
High Point Greensboro
N.C
Robert McCuiston
South Main Street
Integon
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