High Point Enterprise Newspaper Archives Aug 22 1976, Page 6

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High Point Enterprise (Newspaper) - August 22, 1976, High Point, North Carolina Mail Coupon now High Point Enterprise sunday August 22, 1976 income tax reforms lost in Maze of loopholes sustain his daughters nephews and nieces under the terms of roses will. If there Are others than they who would have benefited from the amendment inserted in the tax Bill in committee the committee staff has been unable so far to recall who they might be. When All this was pointed out in the press senator Long found himself in a political difficulty which he has triumphantly solved with a further amendment this excludes from the Concession any Trust the Benefactor of which died a within the last six Days of the fifth month in 1970�?T�?T. As it happens the senator s Mother died on May 27, 1970. A there is no Way you can satisfy a suspicious mind a a said senator Long. The two versions of the tax Bill will next be the subject of a difficult possibly prolonged conference Between the House of representatives and the Senate. By Nea London economist news service Washington Lens a Jimmy Carter in accepting the democratic presidential nomination said of the existing Federal income tax system a it s a disgrace to the human race a a rather Strong Way of saying that it was on the one hand too hard on people of Small Means and on the other shot full of holes for the Benefit of wealthy individuals and special interests. All his life. Carter added he had heard promises of tax Reform which never came True but now a we Are going to make it happen and you can depend upon it Quot. The advocates of tax Reform needed that reassurance years of Effort by them months of struggle in the business notes new Art shop sales a be co sales be co associates inc. Reports unit sales of bedding were 45 per cent greater during the first six months of 1976 than during the first six months of 1975 and 1974, and 93 per cent greater than in 1973. Quilt Rama posture ii and posture i unit sales were 49 per cent ahead of 1975, and 62 per cent ahead of 1974. Vaughn a manufacturing co. Of Houston. Texas has joined be co Vaughn s is a recently established business new to the bedding Industry which will produce Bema of a full line for distribution in the South Texas Market the new member will be known As be co Houston. The Art n Frame shop will open at College Village shopping Center wednesday. Operated by Jerry and Jane Willis the shop will be located in space formerly occupied by Coppedge studios. Willis said the shop will offer about too different styles of Wood rustic and decorative frames As Well As Metal frames. The shop will also carry Mats and liners for pictures and later will offer Art reproductions and limited edition Art prints. Catalogue ordering of Art reproductions and prints will also be available. Hours of operations will be 9 30 to 5 30 . Monday through Friday and 9 30 . To 12 30 . Saturday. Numa f. Reid Lodge no. 344 . Amp . Emergent communication master masons degree Mon. Aug. 23 Michael Rinehardt matter Ronald c. Whittington Secretary figures for jobless could show increase an average per month of 7,451,143. But that figure was adjusted Down to 49,922.000, or 7,131,714 per month. To maintain the integrity of the statistical formula which dictates that both raw and seasonally adjusted totals be in near agreement for the year As a whole some 2,236,000 must be added into the jobless figures by dec. 31. The jobless rate for two of the months. August and september will be released prior to the november elections. The october figure is scheduled to be released a few Days after the elections. The inclusion of an additional 2,236.000 unemployed in the final five months does no to necessarily mean the official jobless rate will Rise because the Job Market tends to improve at this time offsetting the addition however it will have the Impact of making any reduction in the jobless rate More difficult to achieve. And if the economic expansion slows the statistical formula could result in a rising jobless rate. Albert Sindlinger. President of Sindlinger amp co. Of Media a. Which has compiled its own jobless data for More than 25 years maintains that Only an unprecedented and unlikely surge in employment can deter a jobless rate Rise. Sindlinger commented this week that not Only was the surge not developing but that the employment situation was deteriorating. A a in a not finding More people getting jobs Quot he said. Quot people Are getting Laid Jack Bregger. Chief of the labor department s division of employment and unemployment analysis defended the seasonal adjusting technique in the first seven months of any year the raw data on average will always exceed the seasonally adjusted count he said the reason for this is that the number of jobless is statistically reduced in these months because Job markets generally Are weaker earlier in the year but he continued the seasonal adjustment of the rest of the year when Job markets improve closes the Gap. The Factor by which each month is adjusted is determined and announced at the beginning of the year based on a review of what was experienced in earlier years the formula cannot be changed within the year. At the end of the Yea however the jobless rates for each month Are reviewed and changes often Are made thus the jobless rate for May 1975. Originally announced at 9 2 per cent was lowered to 8 9 this january. Many people even some in important Federal offices As Well As members of both parties fail to recognize that the figures used in official jobless rates Are formulated rather than counted Staunton a. Smiths Transfer corp. Declared a regular quarterly dividend of 124 cents per share on common Stock. It is the company a 81st consecutive quarterly dividend and will be payable october 15, 1976, to stockholders of record september 15, 1976. Earnings report new York National securities amp research corp reported earnings of 26 cents per share for the six months ended june 30, 1976. This compares with 25 cents in the corresponding period of 1975. Management class the Center for management development at Wake Forest University in Winston Salem announces the Start of 12 evening programs in its continuing education during the months of september and october enrolment in the 12 courses already is being accepted and the classes will be filled on a first come first served basis. Insurance service Cannon Mills f i Are you sitting on hard pews Rudy Hinnant insurance Agency inc has become the local franchise Holder for insurance marketing services of Santa Monica. Calif. Ims is a National network of insurance and risk management agencies using similar marketing and Public relations techniques to enhance services to the insurance buying Public. Kannapolis Cannon Mills co announced that it has entered into an agreement subject to shareholder approval with Gulf amp Western industries inc. To Purchase from a amp Wall of the Cannon common Stock owned by a amp a the amount is 362,800 shares to be purchased at $22 per share for a total Price of $7,981,600. Add a pad is not a Loose Cushion that will slide and move from under you it s a permanently attached Cus bion using poly foam covered with Nylon fabric chosen for Church furniture add a pad can be installed without interruption to Church activities the fabric. Comes in a Choice of Many colors open bom til 5 p in Mon thru Fri by i Mam night by appointment or a the Vernon equipment a a company inc. I 312 new St. Phone 885-4615 Kytt or Trade winds Highland a leasing Don t be of shy of pc leasing f Iran arms Deal stirs big fuss interest rate dips to 8.5 or 8.25 per cent investors say Quot no but when the interest yields climb to 9 or 9.25 per cent big lot buyers Are attracted. This goes for the High Quality issues. Those of the lower Quality hang around 9 5 to to per cent yield. And common share prices reflect the big investor attitude higher Bond yields lower Stock prices Low Bond yields higher Stock prices. The Security Industry Assn admits that Small investors Don t show interest despite the Stock Market s some 140-Point Dow Jones Industrial average Rise this year that goes for younger As Well As medium age investors. A they Are disenchanted with stocks Quot says a Market analyst. Proof billions of dollars in Bank savings accounts a they even go for Short term Treasury Bills and were big buyers of the Treasury a latest 10-year note to yield an attractive 8 per Detroit prediction the army will not buy the West German made Leopard tank the army has asked both Chrysler and general motors to redesign their prototypes to create a German american hybrid Leopard tank new York Nana a big fuss is being made about Secretary of state Henry Kissinger s disclosure that the United states will sell an additional $10 billion to $15 billion of arms to Iran International Trade experts suggest the howl is purely political. The news behind the news of this Deal is that Iran will sell to the United states billions of dollars Worth of Oil and some iranian non Oil products thus the . Sale Deal with Iran gives jobs to us. Industry workers furnishes much needed Oil. And with plants Active Means employment increases and income tax receipts. Stock quotations Contact Eddie Knox Fleet lease manager by the Assoc to Pross quotations from the National association of securities dealers Are representative inter dealer prices As of approximately 3 pm yesterday prices do not include retail Mark up Mark Down or commission bid asked Aero Ron inc i 2u american furniture 2 j 24 Atlantic Pepsi it i2 i Bankers Trust of s c 15 16 Bassett furniture 18 4 19 b1l0 17�?T 4 18 a Black kinds i Vij Branch corp 15 j 16 1 Brenner kinds 6 6u Burnup amp Sims 3u 34 Burris irid 2 w 24 Cannon Mills 17v� i7> Carmine foods he Carolina Cas ins 3 i 3�?~i car p&l9i0pfd 96 Caro steel corp 22 Caro Wise Flo i Cato corp 4 svs Central Caro Bank 184 20 Central Vermont 14 a 14 Chatham mfg to g he c8.s corp of s c is 16 coca cola co cons iou Llva Cochia Lefurn 2-w 3 j colonial Lite cd b 7 7 a comm Bank 9 Conner Homes 3u 3v� context in ii Daniel internal 20 4 21 Diamondhead corp 3 3u Durham life ins 2su 264 Evgraph inc 5 5a Fidelity corp of a 2�?T/ Jvn feb of Catawba is i6u food town stores 47 49va Farmers new world 37va 39u first Union corp iou iou Forsyth Bankit rust 18 a 20 Franklin life ins 236 24u Gray tool Ith 18 guardian corp 2� 3 a Harreison rubber co 4 44 Heiwig Meyers 6 4 7 Henredon furn 18 we Hickory furn 4 a investment l amp t 2 2h j b Ivey 6w 6m1 Justin inf 1$ in a Kenan rapport Lance inc Lane co Leggett amp Platt Little giant Little mint Lowe s co Mack stores mom amp pop s multimedia a cab corp Nat i Al Gas Northwest Fin inv Northwest Fin corp Occidental Lite ins Peoples Bank amp str a of Phillips Foscoe pro corp piece goods shops Piedmont aviation Piedmont reit units Pinkerton club planters nil Bank Public Sec of Quality Mills Mic corp provident labs Republic Auto parts pm around prod rival mfg for i models or lease or buy a 76 Model in Stock. It makes All the difference in the cite Potts world when you lease from us see or Coll Howard stuffs Larry Forrester or William Bell 2506 North main 869-7111 Vredia we a of late commercial Bank business Loans Are showing a More stable tone while big City Banks Are still seeking borrowers country Banks report loan volume increases this confirms that Small and medium size companies Are borrowing it s a Tipoff that big companies will soon be approaching big City Banks a some Are already lining up credit commitments Ilderton Dodge Thiau american i Auh in the toi 709 s Moi a acidic an City of High Point 885-4091 Rex plastic Salem Carpel Sec merchandise honeys big boy Monoco products so Natl corp Sou Natl corp super Dollar stores Gelerent leasing textiles inc thalhimer Bros Triangle Brick Trion ing unify inc in Caro Banchs Universal foods a International a Natl Bank b b Walker shoes Washington group West knitting corp White shield co Wix corp Wright machinery introducing. Parks leasing inc a 140 and route 66 in Kernersville , 272-8604 or 993-210i investment underwriting houses say the trading Range in Lon term Bonds is disciplining the Pace of business borrowing activity. It is noted that when the Lon term Parsley Sage Rosemary and time for Hor a 17-jeweled Baroness fashion watch. Choice of styles your Choice $29.88 that s what Parks off ars f on every leasing Deal whether your needs Are one Economy car or an entire Fleet of trucks and cars. Well give you More for your h Quot Money. See what value / i a really Means Call h Toda i lease from the Leader Lyles Chevrolet negotiate your 1977 leases now 1977 prices Start at 99 per Mont for More information your savings amp satisfaction dealer name address City phone Ait. Revolving c Harge master charge. American i carte 111,incite a a Bank a Meric Ani press a diners club layaway Benbow Parks leasing inc. . Drawer 386 Kernersville . 27284 Chevrolet co. 1800 n. Main dealer 1840 phone 885-5171 i lie Diamond store Westchester mall i Muhi Almont enlarged

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