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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 21, 1969
Page
4
A drop in August industrial output hints at cooling demand as government officials and economists urge cautious optimism. The Fed index fell to 174.3 from July’s 174.6, with housing starts easing slightly and capital spending forecast to rise about 7 percent next year.
The Associated Press presents a concise summary of market movements and notable quotes from trading sessions. Key stocks, indices, and sectors are highlighted with brief performance notes and upcoming economic indicators.
President Nixon orders a federal summit next week to curb Mafia activity and proposes a bill to tighten private pension plan controls. The plan would limit how labor pension fund managers invest and extend SEC authority into stock and bond markets. Unions oppose portability and broader reach into union activities.
Federal Reserve figures show August bank debits rose in Raleigh Charlotte Fayetteville Durham Greensboro Asheville and Wilmington SMSAs. Raleigh up 23 percent to 1 135 073 000 Charlotte 19 percent to 1 717 344 000 Durham 13 percent to 325 759 000 Greensboro area 10 percent to 1 903 249 000 Asheville 5 percent to 219 413 000 Wilmington 4 percent to 129 760 000.
Notes 50 Years Winzeler South Inc of High Point announces its parent Winzeler Stamping Company of Montpelier Ohio has celebrated its 50th anniversary in business RJ Reynolds Tobacco Co plans a new Puerto Rico plant to manufacture three leading brands construction on 15 acre site in Yabucoa SE of San Juan to begin immediately with over 4 million investment and more than 200 jobs Texas flags kept state flag Mistletoe grows on pine and occasionally on oak mesquite and sycamore.
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