High Point Enterprise Newspaper Archives Apr 26 1974, Page 15

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High Point Enterprise (Newspaper) - April 26, 1974, High Point, North Carolina Business Mirror High Point Enterprise Friday april 26, 1974 13a con Edison move is blow to Market living room Auto Andy and Elie Boyer display their newly completed 1908 a cab Model pickup truck built in their Pompano Beach fla., living room. Starting from a $2 blueprint four years ago they built the truck from a kit and added to it with original parts. A wire photo officials anticipate Busy season by Christopher Cabot associated press writer Gatlinburg Tenn. Apr while state tourism officials Are hoping As Many people will visit Tennessee in 1974 As last year businesses near the great Smoky mountains National Park Are looking Forward to a Busy summer. The tourist Industry Here and across the state had a hard Winter during critical months of the gasoline shortage and managers and owners of hotels Are hoping business will be Back to Normal by the summer. Gatlinburg is a ski resort and besides the gasoline shortage there was very Little Snow this Winter further hurting the tourist Industry. A the cause of our drop in business this Winter was As much the Snow situation As the Gas a said Ray Tidwell manager of the 264-room Holiday inn Gatlinburg. A we did have two conventions cancelled this year because of Lack of Gas but Overall we be had about the same convention business As last year. I m optimistic for the As a sign of his hotels optimism Tidwell said the inn started construction of 144 additional rooms in january. Manager Bond Ogle of the River Terrace Motel a 114-room inn on the main Street said that reservation deposits were ahead of last year. Business was Down slightly in january february and March and Ogle said one of two conventions had been cancelled due to the fuel shortage. Both Tidwell and Ogle said their hotels were not offering any special package deals reduced rates or other inducements to build up business. The 20-unit Terrace Motel and cottages however had the a worst Winter every according to owner manager mrs. Earl Helms. But mrs. Helms blamed the Lack of Snow As Well As the fuel shortage. A fewer people Are making reservations this year a said mrs. Helms a but there Are More drop ins. Easter weekend was Good but not As Good As last year. But i am optimistic those that Are coming Here Are staying put for a longer the attraction of this resort Community is its location at the Western Entrance of the great Smoky mountains National Park. The Only Road through the Park runs through Gatlinburg Over the mountains to Cherokee . Officials of the National Park service say Many fewer people visited the Park this Winter than last. Usually officials said the Park is the most heavily visited of All the National Parks. The estimated 100,500 travellers to visit the Park in january was 31 per cent fewer than last january. The figure was 24 per cent in february and 9 per cent in March. Both Park service and hotel officials said they had not been forced to Lay off any employees because of a decline in business. Reporting judgments discontinued by John Cunniff a business analyst new York a the suspension of its quarterly dividend payment by consolidated Edison is More than just another demoralizing blow to the Stock Market. The big Utility a Symbol of an embattled Industry. Environmentalists have forced delays in Plant construction. The increase in Energy prices caused operating costs to skyrocket. The depressed condition of financial markets prevented it from raising Cash. Moreover its customers who Are equally pressed have tended to become slow payers a problem that Many businessmen around the country will recognize. Payment delinquencies Are on the Rise generally. And what is consolidated Edison a solution Well there is no Over All solution of course but one Raleigh a county clerks of courts in North Carolina Are no longer required to report to the administrative office of courts each time a judge continues prayer for judgment in a traffic Case. Bert m. Montague director of the office said wednesday a january directive to clerks to report the prayers for judgment continued pics was halted april i Quot because it had served its under a prayer for judgment continued the department of motor vehicles cannot deduct Drivers License Points when a person is convicted of a traffic offence. The reporting procedure has been cited As a Factor in a 50 per cent drop in judges issuance of pics. However Montague said he does not believe the discontinuation of the reports to his office will cause any substantial change in the number of pics Given. Quot anyone can get the information on the number of pics easily Quot from the department of motor vehicles he said. The department has the pc information in its computer records not by judge but by county. A besides now the Public is looking at it. They know what a going on a Montague said. Carmichael that has become rather common among giant companies is to lean on government for assistance in the name of the Public Good of course unlike the Penn Central and Lockheed and some airlines which sought Aid from the Federal government consolidated Edison seeks to resolve some of its problems by transferring ownership of one or More plants to the state Power authority. All these facets of the Utility a problems also can be found in other areas of american Enterprise a the environmental haggling inflated costs inability to raise Money slow paying customers the High Cost of borrowing. They Are the business challenges of the Day and while businessmen Are always facing and attempting to overcome challenges Many of them would agree that the set they now face makes them wonder if their abilities Are sufficient. Coned As it is familiarly but not warmly called by customers had been paying dividends every Quarter since 1885. Of late that dividend of $1.80 a share represented More than a 9 per cent return dividend consistency of that kind is what attracts investors As opposed to speculators coned might have been an unexciting Stock but it was Safe and you could depend on it for steady income until 1974 in breaking that 89-year-old record coned probably has destroyed that feeling of investor Security for years to come not Only for itself but for a lot of other utilities to which it might be compared. Coned always could count on raising Money too it seemed because it was the Only electric Utility in the biggest City of America assured of income and growth and therefore of the ability to earn Money pay Back Loans. But with the prime rate Over to per cent even coned walked. It could As an alternative go into the equity Market by Selling Stock but even at a relatively Low Price of $18, now around $12, there was a question of attracting buyers. Stock markets Arentt what they used to be there Are fewer buyers. Working judge judge _ James 6. Exum candidate for North Carolina supreme court its always a thrill seen the fir.4t p4hpeu0h i of the year rupture easer the Market i i is Over i j we Are open for business. % we already have received j j some new samples. More j j will be arriving in the next i i few Days. J watch for grand reopening direct furniture sales j j 108 e. Commerce Street i 4 361 4 Al High Point committee for Exum 4 in so Tonj a a is Nett a i mint up strip Patent so a sin it is $695 the average american living to the age of 70, will consume the equivalent of 150 head of cattle 2,400 chickens 225 lambs 26 sheep 310 pigs. Owh is finn Reg mtg now lamp Var siring firm lilting. Wot Habi top Fri la rip Vuk till Mavin Blini a Back map snap in Tram. Salt a Grain pad a Mao a Loath Bona. tar it Antiwar. Par Man woman Moran. Mann drug stores a �j4 Good land deserves Good buildings. And Good buildings Are what our business is All about. Handsome durable buildings at economical prices you can afford. All kinds of buildings farm commercial storage warehouses garages workshops horse barns Utility structures. Strong rugged buildings of Wood Frame construction with Beautiful maintenance free exteriors of color steel or color aluminium. Your Good land deserves a Good building. A professionally engineered Wickes building. Erected by skilled Wickes construction Crews. Backed 100% by Wickes a serving americans for 120 years. Its americans greatest building value. W Wickes buildings commercial Industrial a division Oltha Wickes corporation Utility storage machinery storage Call collect or mail Coupon for More information. I address or I town Salisbury North Carolina j stat Box 196. Highway 601 by pass. County 704 636-7051 j the a a r., to Bakersfield to los Angeles to san Diego 3 52 . 9 30 . 9 30 . 3 52 . 3 52 . To Fresno to Monterey to san Francisco 9 30 . 3 52 . Oakland san Jose 3 52 . 9 30 . To new York Newark 3 52 . To Honolulu 8 00 . To Santa Barbara 9 30 . 3 20 . 9 30 . 6 20 . 3 52 . To Huntsville to Portland to Seattle Taco Ina 9 30 . 9 30 . 9 30 . 3 52 . 3 52 . 3 52 . Because in times like these you need More than just times like these. United dedicates Friendship service to 16 cities. United otters you sixteen cities daily from Greensboro figh Point Aud Winston Salem. And All the extra comforts of Friendship service. Another reason More people choose the Friendly skies than any other airline in the land. While Goirl scheduling is an important part of Friendship service. We think your convenience Comfort and pleasure Are just As important. There a convenience for example in the garment bag closet at the front of our planes. Just hand your hang ups to the stewardess and they la try As unruffled As you. There a Comfort too from our table for two seating in coach. Yours when no one s in the Middle. And there s pleasure in the Choice of delicious meals on Many longer flights. And Premium liquors most every flight Small charge in coach. There a More. Check the Friendly smiles behind the services and see for yourself. Across the land United has seats available on Over 1,300 daily flights serving 113 cities. Just Call United at i -800-241 -2150, or have your travel agent Book you on United. The Friendly skies of your land. United direct to California partners in travel with Western International hotels. Us 14>4

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