Business Boom Flourishes as Stocks Hit New Peak
New York data show a broad business surge across sectors with inflation pressures and wage gains fueling activity. Factory output and freight carloadings rise while bank lending climbs to record highs. the stock and bond markets rally as credit controls tighten in the inflation fight. Major metrics include crude oil at a record daily rate, engineerd construction awards, and strong wage trends amid ongoing labor unrest.
MENTIONED IN THIS ARTICLE
New York
Thomas B. McCabe
Federal Reserve Board
Boston
American Telephone Co
Paper and Paper Board Mills
Local Author To Autograph First at Straughan's Book Shop
Burgess Leonard, local post office employee and fiction writer, will autograph copies of his debut novel "Victory Pass" at the formal opening of Straughan's Book Shop Inc. at 213 North Main, the former Edna's Bookshop. The book, published by J. B. Lippincott Co., will have its official first day sale the following day, though staff said publishers authorized a one day early release.
MENTIONED IN THIS ARTICLE
Burgess Leonard
Straughan’s Book Shop, Inc
North Main
Edna’s
J. B. Lippincott Co
California wife cites gifts to rivals as grounds for divorce
A California woman filing for dissolution of marriage testified she learned her husband kept three or four girlfriends through lingerie gifts charged to her accounts. She claimed the gifts to the women were charged to her personal accounts, indicating infidelity.
MENTIONED IN THIS ARTICLE
California
A T T plans stock and debt for expansion in gain
The article explains American Telephone and Telegraph seeks to raise shares from 35 million to 45 million and authorize up to 435 million in debentures. It contrasts the cost of stock versus bonds, noting tax deductions, inflation impacts, and dividend yields, with bonds cheaper and tax advantaged. It also notes a Raleigh patrol recruit training school announced for Oct 30 to Dec 6.
MENTIONED IN THIS ARTICLE
New York
Sept
American Telephone & Telegraph Co
O. K
Uncle Sam
Raleigh
State Highway Patrol
James R. Smith
Institute of Government At
Chapel Hill
Inflation Pressure Signals New Controls in US Economy
The Federal Reserve chief warns inflation is here now as new curbs are drafted. Reports from Washington and private economists show rising prices while many incomes lag. Bank clearings surge, business loans climb, and large banks raise loan rates to curb inflation.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
United States
Washington
Thomas B. McCabe
The
Reserve Board
Dun & Bradstreet
New York City
Federal Reserve
Alamance county school bond sale planned for next Tuesday
Raleigh September 23 bond sales by the local government commission list a 1 million dollar Alamance county school building issue to be sold next Tuesday along with 80 thousand dollars Lincoln county school bonds 85 thousand dollars Sanford town water and sewer bonds and a 327 thousand dollar Buncombe county school building bond anticipation note bids will be opened on the note at the same time.
MENTIONED IN THIS ARTICLE
Raleigh
Vpi
Alamance County
Local Government Commission
Lincoln County
Town of Sanford
Buncombe County
Also Mentioned on This Page
America
Johnny
Member
Federal Deposit Insurance Corporation
Rau Manufactured Foods
U. S
Solid Line
National Industrial Conference Board
Leslie Gould
Fire Insurance
Allen B. Welborn, Inc
Northwestern Mutual Fire Assn
Home Office
Seatile, Wash
Business Mirror
By Sam Dawson
Vacuum Cleaner Manufacturers Association
Hot Springs
Just
Penney’s Own Fashion Manor
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!