Inflation Shows Cooling Signs Amid Rate Cut Debate
Two events bolster the view that inflation is easing as the prime rate drops from 8 to 7 percent and the August CPI rises only 0.2 percent. Analysts praise the move while Democrats warn of creeping paralysis, as manufacturing weakens and unemployment near five percent.
MENTIONED IN THIS ARTICLE
Linda Rubey
NEW York (Ap
Herbert Stein
President
Stein
Federal Housing Administration
Veterans Administration
Treasury
Kennedy
International Monetary Fund
Denmark
United States
Underground Shelter Venture Turns Binnewater Mine Into Vault
In Binnewater New York a private complex called New York Underground Facilities repurposes old cement mines for corporate fallout shelters. Mobil Oil IBM and Allied Chemical store vital data and house executives with 70 degree microfilm rooms and 150 feet of rock overhead. Visitors face 24 hour guards and pre arranged appointments ending at a street sign labeled Wall Street.
MENTIONED IN THIS ARTICLE
Binnewater
N.Y
I.B.M
Mobil Oil
Rand McNally
Douglass Walker
Walker
America
Borscht Belt
Catskills
New York State
Maeraee
Anna Eel
Iron Mountain
Dutchess County
Allied Chemical
V.i.p.s
N.Y.U.F
Guilford County Commissioners to Attend State Convention
All five Guilford County Board members are expected at the North Carolina County Commissioners Association convention in Wilmington next week. Attending from county government on Monday and Tuesday are County Manager John Witherspoon and Clerk to the Board Miss Annie Parham. Planned attendees include Chairman Dale Montgomery of High Point and association board member Percy Sears along with Richard Maxwell Robert Shaw and F P Bodenheimer Jr.
MENTIONED IN THIS ARTICLE
Greensboro
Guilford County Board of Commissioners
North Carolina County Commissioners Association
Wilmington
John Witherspoon
Annie Parham
Board of Commissioners
Dale Montgomery
High Point
Percy Sears
The
Association
Richard Maxwell
Robert Shaw
F. P. Bodenheimer Jr
Indian Head Inc Reports Flat Q3 Net. Nine-Month Dip
In the third quarter of 1970 Indian Head Inc held net income near the prior year at 3.6 million with earnings per share of 77 cents. Nine months ended August 29 show net income of 9.1 million and EPS of 1.90 while sales reached 312 million, down from 320 million a year earlier.
MENTIONED IN THIS ARTICLE
Indian Head Inc
Agency Appoints William C Johnson as Exclusive Rep
William C Johnson is named exclusive representative for United Farm Agency Inc in High Point and surrounding area. United Farm Agency operates stores across 32 states with offices nationwide. The Local office is at 2117 Eastchester Drive.
MENTIONED IN THIS ARTICLE
William C. Johnson
United Farm Agency Inc
High Point
United
The
Eastchester Drive
Insurance and business honors span High Point professionals
David W. Adams receives the Chartered Life Underwriter designation at a New Orleans conferment as part of 2,100 recipients this year bringing total CLU graduates to 23,554 since 1927. Other items note regional leadership changes, awards, and major contracts in the insurance and packaging industries.
MENTIONED IN THIS ARTICLE
David W. Adams
Prudential Insurance Co. of America
Chartered Life
American College of Life Underwriters
New Orleans
C.L.U
Adams
High Point Life Underwriters Assn
Law School
Northeastern University
Boston
Mass
First Baptist Church
High Point
Ruth
Greenway Dr
Pilot Life Insurance Co
H. F. Starr
M.D
Curtis R. Lashley
S. E. Tate
Otto Funderburk
B. J. Killian
W. Dillard Jones
Also Mentioned on This Page
Nixon
General Motors
Commerce Department
March Hare’s
Wall Street
Agency
Rep
Sucess
Pronto
Ae Towl
Associated Press
Henredon
Corp .M
Iveys
Joslyn Mig
Kaiser Steel
Kewaunee Scientific
American Institutional Devai
Knape&Vogt Mig
Lance, Inc
Atlanta Gas Light
Life of Carolina
Little Mint Barber Greene Ie
Lowes Companies
Bassett Furniture Medic Homes Branch Bank of N.C
National Dev Corp
Buckbee Mears
National Old Line
Carmine Foods
North American Life
Cato
NCNBC
CMC Finance
N.C. Natural Gas
Carolina Casualty Ins
Northwestern Financial
Carolina Caribbean
Carolina Freight Carriers
Occidental Life
Carolina Pwr&Lt
Carolina
Jes Bank & Trust
Central
Vermont
Nat'l
Bk&Tr Nu Chatham Mfg Co
Phillips Fescue
Piedmont Aviation
Cochrane Furniture
Ae Quali Mills
Colonial State Fund
Cameron Brown
Roses
Ruddick Common Equitable Leasing
Ruddick
New Family Dollar World Insurance
Fidelic Southern National Corp
Financial Corp
Franklin Life First Union National Bancorp
Triangle
Vermont American
Garfinckel Brooks Bros
Wachovia Realty
Georgia International
B. Shoe Guardian Care A
Hardees System
Ta Wellington Hall
Western Carolina
Hickory Furniture
Wright Machinery A A
Cooper D. Cass CO
North Main St
C. L. U. Award
Congdon
Earl E. Congdon
Old Dominion Truck Leasing, Inc
National Truck Leasing System
Chicago
G. William Cobb
Nashville
Ervin
William G. Ervin
Insurance Institute of America
Institute
Insurance Institute of American
William G. Ervin Insurance Co
Piedmont
Society of Chartered Property and Casualty Underwriters
North Carolina Assn. of Insurance Agents
High Point Insurance Exchange
Insurance Institute of the Piedmont
Joyce
Ron Joyce
Winston-Saline- Greensboro-High Point
Package Products Company, Inc
Charlotte
University of North Carolina At Charlotte
Debra
Winston- Salem
Package Products Company
Continental Conveyor and Equipment Company of
Winfield, Ala
Belews Creek
Walnut Cove
Duke Power Company
Lane
Jefferson
Tandard
Mobil
Denendabbla
Mobil Heating Oil
Kennedy Oil Company
Artesy
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