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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Aug 03, 1974
Page
6
The U S Labor Department reports July unemployment at 5.3 percent with 4.9 million unemployed and 83.6 million employed. Teenage and black teens show rising unemployment, while adults face inflation and policy criticism from Democratic leaders. Treasury Secretary Simon predicts higher joblessness temporarily and urges Congress to pass improved unemployment benefits amid inflation concerns.
Volkswagen's Beetle began its 31st production year as the 1975 model rolled off lines at Hanover and Emden in West Germany. More than 18 million Beetles produced since 1946, with assembly also in Brussels and plants in South Africa, Mexico, and Brazil.
Montpelier SBA district director David C. Emery and Vermont Development Credit Corporation president Sepp Ruschp reported the Small Business Administration has advanced 1,000,000 to the corporation to promote Vermont communities through loans to agricultural, recreational and business ventures. Since the year’s start the group has arranged 1,600,000 in financing for three new industries cheese plant bread stick plant and electric fan plant creating about 120 jobs and aiding existing businesses with working capital and stability.
Manchester's Golden Toad replaces L'Auberge two miles south on Route 7. Manager Dick Lewis explains the name change aims to attract a broader clientele and avoid a strictly French image while keeping ownership. He notes playful toad decor and plans for more features.
Vermont Attorney General's office charges Vinyl Distributors Inc. of Burlington with false advertising deceptive pricing and misrepresentation under the Consumer Fraud Law. The suit seeks to halt sales require warranty fulfillment and imposes civil penalties while detailing alleged financing false heating benefit claims and improper contract cancellations.
Real estate exchanges in Hoosick Falls and surrounding towns include a Groveside colonial on eight acres sold to Milton Cross and a Pittstown 134 acre farm sold to Steven Wilcox. The Bulson family of Cropseyville will reopen Dave Victor’s Restaurant, and the Von Haggin property trades link Boyntonville, Pittstown, Arlington Vermont.
The Federal Reserve Bank of Boston reports 227 banks and thrifts offered NOW accounts as of June 30, up 23 from May. These institutions hold 191 million dollars across 167 000 accounts, with an average balance of 1143 and 8.1 drafts per account. Mutual savings banks in New Hampshire show the highest activity with 706 average balance and 11.5 drafts.
AMHERST Mass Three day seminars on management are offered in August by the University of Massachusetts Amherst School of Business Administration and the Division of Continuing Education. Each seminar targets supervisors or managers at different career stages.
New England dairy leaders led by Louis P. Longo and Sherman Varney met with Secretary of Agriculture Earl L. Butz in Newington Connecticut on July 24. They pressed for an immediate 90 percent parity support price, a halt to all dairy imports, and a hearing on formula pricing for federal orders. Butz offered no pledge on price increases but favored stopping imports and said a hearing on formula pricing would be considered. Longo warned of rising production costs and potential milk shortages if action is not taken, noting declining Class I prices in New England. The article also promotes upcoming management seminars at UMass Amherst from Aug 5 to 9, with details available through the university.
Property transfers recorded in Bennington town clerk records for July 26 to August 1 include Lillian F. Lampman to Charles E. Kelson for 330 North Branch Street Extension at 18000 dollars, and Francis B. Woodward to William H. Pulver and Elaine M. Pulver on Gore Road for 28580 dollars. Evelyn L. Payne to Peter W. and Laurel Cook for College Road North Bennington at 34000 dollars. Bennington to Bernard J. and Joanne M. Bourgeois for Harbour Road residence at 28800 dollars. Kenneth R. Brothwell to Robert B. Cornwell for 23 Bradford Place at 15200 dollars.
Somerville Massachusetts Alan Haberman president of First National stores said the company would stop making price changes on merchandise already priced and shelved. The move aims to simplify operations and help customers understand how retail price changes work, boosting faith in the supermarket as a good business neighbor.
Maryann and Peter Schaad convert the old Fillmore Farms barn complex into 20 000 square feet of retail space. Camelot Gift Galleries opens today on West Road offering china crystal pewter copper brass and objets d art on the first floor with furniture and home accessories upstairs. A children’s shop clothing toys a wine cellar and gourmet foods are planned for September.
New England Telephone and Bell System firms expand reuse of wire, cords, and plastic housings. In Watertown last year 236 tons of installer wire were reclaimed, 153 tons reused as connector cable and the rest sold as scrap. December salvage totaled 125,000 cords. Bell Labs developed vibratory polishing boosting recovery. The program routes discarded items to Western Electric warehouses for processing. Meanwhile the Schaads prep a new shop at Fillmore Farms with family help and plans to repurpose the old office building once a tenant is found.
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