High Point Enterprise Newspaper Archives Apr 21 1976, Page 86

Low-resolution version. To view a high quality image

Start Free Trial
High Point Enterprise, The (Newspaper) - April 21, 1976, High Point, North CarolinaPresenting Winn Dixie s april show featuring Quality food products from Grafl prices Good thru sat. April 24th we Reserve the right to limit quantities none to dealers Reg. Island Essing Kraft local 1000 Island dressing Btl Ressing dressing Mustard get the one that does t just sit there Kraft Hickory smoke Flavoured Barbecue sauce simmers real cookout flavor through the meat Hickory smoke regular or Hickory smoke individually wrapped american cheese food 12-oz. Pkg. 99c Kraft All varieties natural Cheddar cheese Kraft assorted cheese spreads Philadelphia Brand Cream 8.oz cheese pkg it raft cold pack Casino Blue High Point mall. Fairfield Plaza. Jamestown shopping Center m9r . Tyre. Mgr. . Barlow m9r. High Point mall new Stora Horn . . Sun 1 .-7 . A Jan town Storai open 14 six Cyl High Point Kmer prose. Wednesday april 21, 1976 europen trains Roll in style despite deficits by David Minthorn associated press writer Bonn West Germany a state run railways in Western Europe which remained models of reliability and travel Comfort while passenger service deteriorated in the United states Are now bogged Down in deep financial woes. Few of them had been profitable in re cent years and they eliminated thousands of Miles of Road and Cut Down on their work Force. Even greater reductions in passenger service and personnel Are being planned. It s one second to 12, not one minute before. When the clock strikes and nothing has been done to solve the railway s Struc Tural problems it will be the death sentence for this warned West German Railroad president Wolfgang Vaerst. Burdened by inflated work forces and debt Ridden passenger services on Rural lines european railways have managed to stave off bankruptcy Only with the help of multimillion Dollar government subsidies each year. Now vast new investments Are needed for 165 . Super trains and other High Speed equipment. West Germany s railway which has a staggering deficit of billion has proposed closing nearly half its Miles of track and eliminating jobs Over the next 10 years in an Effort to concentrate passenger and freight services on profitable main lines. However actual closures will be considerably less about Miles because of regional political considerations and labor Union opposition. German transport officials say. Rail concentration and economizing measures in other Western Europe nations Are meeting with varying degrees of Suc Cess a 10-nation associated press Survey shows. British rail reduced its track network from to Miles and slashed its payroll from to workers Over the last 30 years without solving its massive financial problems. The chairman sir Richard Marsh announced last week he was quilting because of what he called government meddling with Railroad hiring policies and criticism of his handling of the network which lost million in 1975. Sweden s National Railroad claimed a million operating profit in 1975 after years of deficits the payoff for eliminating Miles of unprofitable tracks since the Early 1960s. Still the railway says it needs a million government Grant this year to maintain passenger service on the mile network. Belgium s railway which lost million in 1974, has Cut some 280 Miles of secondary tracks Over the last decade and substituted economical commuter buses in these Rural areas. Automation has allowed Norway to reduce its Railroad payroll from to in the last 20 years and More jobs will be trimmed in the next five years. Despite a operating deficit in 1975, the Railroad plans to build new lines which Are considered less of a pollution Hazard than superhighways. The French railway which lost million last year is in the process of Clos ing Down inefficient lines and opening new ones but it plans no major cuts in its work Force. This month Paris officials approved plans for an million High Speed line linking Paris and Lyon by 1981, providing Competition for intercity Jet air plane ser vice. Henvir orientalists had delayed the project for three years by warning it would cause irreparable damage to the Burgundy Countryside and prove As economically questionable As the controversial concorde Airliner. Italy s rail network is losing More than million a Day. Yet track closures Are rare and passenger fares re main the lowest in Western Europe to keep one million passengers Riding daily. Many of the travellers have discounts ranging from 25 to 70 per cent and some privileged persons including politicians and War veterans ride trains each Day without paying any fare. Efforts Are being made to Cut these privileges and reduce the discounts but the savings would hardly make a Dent in the massive rail deficit. Austria s railway is deeply in debt and a hiring freeze has been imposed for jobs of railway employees who retired in recent years reducing the staff to because of political protests the railway has been unable to Cut services in Low traffic Border regions. Instead in Hopes to attract More business by updating equip ment and services with billion of in vestments Over the next 10 years. The Swiss railway expecting a record deficit of million this year has slashed freight transit Rales by 10 per cent to counter 12 to 20 per cent declines in foreign goods transiting the Alpine nation on rails. Despite five straight years in the red the Swiss decided to retain unprofitable passenger lines without resorting to what transport officials termed ruthless Cost covering the dutch government is expanding the nation s rail network and purchasing new rolling Stock despite persistent deficits 66.5 million in 1974 and 58.6 million in 1973. An important new line will link Amsterdam s City Center with Schipholt Airport and continue via Leiden to the Hague. Holland like other european nations has a Liberal system of Cut rate fares with the latest a discount ticket for family members and groups travelling together. Business Mirror investment clubs can be advantageous new York a in 1941 a Detroit Man began depositing a month in an investment club. By february of this year he had invested withdrawn More than and still had an account Worth More than the club the Mutual in vestment club was one of the four founding units of the National association of in vestment clubs now More than Strong averaging about 12 members each All regular investors for the Long term. Even though most club members Are amateurs they often beat the pros Over Long and Short periods. One club made up of Post office workers reported a gain of 212 per cent from october 1974 to december 1975. That report encouraged the association based in Royal Oak mich., to take a random Sample of gains by about 40 clubs through february. It found the average gain since december 1974, the worst of the Bear Market to be 69.9 per cent. The Dow Jones Industrial average during that time gained 59.9 per cent 10 per cent less than the average club. Sixty four per cent of the clubs in the Sample did better than the average. For the clubs that stuck it out through the recession despite declines in value month after month these results Are satisfying and reassuring but not totally unanticipated. Although their nerves did quiver club members were sustained by their Faith that Over a Long period of time their investment philosophy averages out to a gain. Many clubs did drop put however. At one time in 1973 the association had 14.100 member units but that number went Dow with the averages. Some clubs folded and others simply ceased to remain members of the association. Now the trend is about to be reversed. Inquiries Are up sharply and the criterion of history suggests inquiries Are followed by applications. Individual clubs also report they Are adding to their memberships. Thomas o Hara chair Man recalls that in the fall of 1973, when the fear and despair were thick the Stur Diest of clubs continued to believe stocks were a bargain. They were willing to wait. Now said o Hara who be Longs to the Mutual invest ment club a feel unit the really big movement in the Market is in the two to five years with theories concepts and systems As common in the investment world As they Are at the race track member clubs follow deceptively simple principles to help them achieve their results. Invest regularly usually at monthly intervals Over a Long period of time. They do not try to Gaess whether the Market is in an upward or downward trend. Through the worst of times they continue to invest. Keep fully invested in order to put to work for them the principle of com pounding. They Don t main Tain big Cash positions. And they reinvest dividends. Endeavor to invest in companies whose sales and earnings per share arc moving ahead faster than the general Economy. While this seems to be a conservative philosophy it really in t. Ask any club that stuck to it during the dark Days of the Market. It gives you a pretty aggressive said o Hara. He explained investing a set sum of Money each month has a wonderful mathematical effect. As Stock prices decline that set amount buys a larger and larger number of shares of Stock. Once Stock prices turn around a Price increase applied to the larger number of shares helps increase values rapidly. Long before Stock prices reach their former highs the investors find the value of their accounts exceed their investments. Reading matter originally a Magazine was a storehouse not a periodical. The gentleman s introduced to the Public in 1731, the first publication to use the word in its new meaning stating in its introduction that the Publica Tion was intended to store up a collection of various subjects As in a

Search all High Point, North Carolina newspaper archives

Explore other publications from High Point, North Carolina

All newspaper archives for April 21, 1976