Greenspan Says Inflation Hit Stockbrokers Hardest
AP analysis notes Greenspan told the Senate Economic Committee that inflation harms all, including the wealthy, but he insists the poor suffer most. He criticizes short term fixes and urges spending cuts, warning leaders inflation relief will be painful and require tough choices.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Wall Street
Alan Greenspan
Greenspan
President’s Council of Economic Advisers
Senate House Economic Committee
Trade Winds High Interest Rates Expected For Awhile
North American Newspaper Alliance Analyst Louis Schneider says the Fed has not loosened policy significantly. A reserve cut lowers 8 percent CDs to 5 percent but about 88 billion dollars in CDs remain and only 400 million in new credit is created. Officials including Ford Simon Greenspan push continued tight money to curb inflation. Burns remains a tight credit advocate.
MENTIONED IN THIS ARTICLE
Greenspan
Lou Schneider
Newspaper Alliance
New York
Federal Reserve
Fed
Ford
Treasury
William Simon
Alan Greenspan
Council of Economic Advisers
Arthur Burns
Federal Reserve Board
Burns
Market Ends Week With Sharp Dow Decline
The Dow Jones Industrial Average closed at 621.95, down 48.81 for the week, while the Associated Press average stood at 201.4, off 10.4. The market erased all prior gains as investors worried over inflation. Dow fell to 1962 levels despite a long-awaited rate-cut move by two major banks failing to trigger rallies.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
Transfer Program Aims to Aid Home Owners in Transit
Harold Craven of Craven-Johnson-Pollock Inc. says RELO Inter-City Relocation Service helps High Point families transfer housing and financing as conventional mortgages tighten. Third quarter RELO sales rose 19 percent and August home sales increased further, with guidance on gathering financial data and exploring options at the destination.
MENTIONED IN THIS ARTICLE
High Point
Harold Craven
Craven-Johnson-Pollock, Inc
Realtors
RELO
Craven
McMinn sells store for 3.6 million pounds
Douglas McMinn in London sold his small store for about 3.6 million dollars after turning it into a million-dollar business in 28 years. The 63 year old owner says he will give most of the money to his 205 employees, praising their loyalty and hard work.
MENTIONED IN THIS ARTICLE
London
Douglas McMinn
McMinn
Vohs Appointed FAA Pilot Examiner for Charlotte District
Wayne M. Vohs chief pilot of Atlantic Aero Inc at the regional airport is named FAA pilot examiner for the Charlotte district, overseeing private and commercial certification tests for roughly half of North Carolina. At 27 he is the district s youngest examiner and also runs the Cessna Pilot Center and Atlantic Aero s charter fleet. Broome Named Spruance Southern General Manager in Winston-Salem appointment follows retirement of A E Schwartz. Broome, a High Point College CS Chemistry graduate, adds secretary and assistant treasurer duties. The news notes the Manufacturers Assn annual meeting at Pinehurst Oct 25 with speakers Linda Buck and James Harrington. The NC Textile meeting forecasts economic and energy topics. Maurice Winger Jr of American Enka is expected to be elected president. Boone Appl State U offers graduate business admission test on Nov 2 and dates through July 12. materials from Appalachian or ETS Box 966 Princeton NY 08540.
MENTIONED IN THIS ARTICLE
Wayne M. Vohs
Atlantic Aero, Inc
Federal Aviation Administration
General Aviation District
Charlotte
Vohs
North Carolina
Jackson
Cessna Pilot Center
Atlantic Aero
Spruance Southern, Inc
Winston-Salem
Gilbert Spruance Co
Philadelphia
Earnest L. Broome
Broome
A. E. Schwartz
Linda Buck
Federal Energy Administration
Washington
James &. Harrington
What Am I A Silent Killer of Voice and Social Life
A public notice-like pitch describes a hearing loss as a widespread and unrecognized issue affecting the elderly and even the rich, undermining confidence and social life. It urges early detection with a free hearing test offered by Beltone Hearing Aid Center at 427 N. Main St, High Point, NC, open Tuesday and Thursday 10:00 to 12:00.
MENTIONED IN THIS ARTICLE
Beltone Hearing Aid Center
N. Main
St. High Point
N.C
Also Mentioned on This Page
Ea High Point Enterprise
Coca-Cola Co
Lowe’s‘Companies
Rib
Associ
Colonial Life
Sara Mack’s
Daniel Hernat
Cera
Clude Retail
Olsmondhead Corp
NC Natural Gas
Mission
Gorham
Life
Java Northwest Fin. Corp
Ley Ba
Engraph Inc
American Furniture
Bankers Trust of
S.C
Fidelity Corp
Mississippi Corp
Occidental
Bassett Furniture
Fmic-Corp
Catawba
Phillips Foscus
Blacks
Burris
Forsyth Bank & Trust
Piedmont Real
Franklin Lite
We Public Soc
Cameron Finance
Cannon Mills
Vos Guardian Corp
Rmic Corp Carmine Foods
Henredon Furniture Ie
Carolina Cas
Rey Rahall
P&l F
Hickory Furniture
Avena Reid-Provident Labs
Carolina Wise Flo. Investment Life & Trust Wa
Rex Plastics Ma
J. B. Ivey
Salem Carpet
Calo Corp
Jacks Food
Ae Sea Pines
Se Central Carp
Hve We Kenan Transport
Service
Sve
Central Vermont
Ais Wa Lance Inc
Ais Wa Lance Inc. 1584 16M Charter Bancship
Shaneys
Gig Boy
Lane Co
Sonoco Products
Chatham Mig
Leggett & Platt
SC National Corp
Java C&s Corp of
Ay Life Assurance of Care
Ei Southern Nat
Cary
Spartan Food Systems Taala
Synercan Corp
Ga Televen
Ys 2A Textiles Inc
Wa —Tholhimer Bros
Aga Transca
Unifi
United Corp
Virginia International
Virginia Natl
Bank
Vala WM
B.S. Walker Shoes
Washington Group
West Knitting
Walle Shield Co
We VC Wix Carp
Wright Machinery
Sos
Fim
Fred G. Culler
E. Main ST
Jamestown
State Farm & Here
Edda State Farm Insurance Companies
Bloomington,llinois
Wilbur M. Currie, Cla
Ray Hubbard
Maurice H. Winger, Jr
American Enka Corp
Asheville
Frank T. Roberts
G. J. Vincent
Dover Mills
Shelby
High Point College
Chemistry
Davidson College
Reliance Universal
Spruance Southern
American Chemical Society
Piedmont Society For Coating Technology
The
Piedmont Society
Boone
Appalachian State University
ATGSB
Counseling & Psychological Services Center
East Hall
Educational Testing Services
Princeton
N. Y
Wayne Vohs
Earnest Broome
W. High ST
the Carolina
Carolina Motor Club
North Main St
Koh Pei
N, C
McCoy
Kelly Girl
Claremont. Manufacturing CO
29Th Street
N.W
Hickory
Ica.m
E.D
Hwy
Cheese House
T. Samuel Gorham
BEN Hoffmeyer Auction CO
East Blvd
Moving & Storage
Mayflower
Granville Moving and Storage
Hamilton St
Fred P. Newby
Steve Foster
Craig Newby
Glenn Corpening
Rogers Insurance Agency, Inc
CAR — Home — Health
E. Westwood Ave
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