High Point Enterprise Newspaper Archives Feb 17 1974, Page 88

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High Point Enterprise, The (Newspaper) - February 17, 1974, High Point, North Carolina Economy slowing Outlook brighter for Southeast Donah Davis associated press writer Atlanta a a the nations Economy is slowing Down but the Southeast May not suffer As much As other areas of the country in the View of several economists Here the prevailing opinion is that unemployment will increase somewhat and that certain industries will fare poorly tourism automobile production and residential construction already Are depressed but for most of the area with the exception of Southern Florida the Outlook appears to be substantially brighter than for the nation As a whole the general Outlook is for somewhat of a slowdown say sir Frederick Strobel senior business economist for the Atlanta Federal Reserve Bank i would not expect a slowdown comparable to the one expected on the National level the Southeast does not seem so recession prone As does the rest of the nation for one thing he says the Southeast is not suffering As much As other areas from the Arab Oil embargo outside of Southern Florida the vast majority of the electric Power in the Region is generated by Coal and hydroelectric Power for another Strobel Points out that the Economy of the Southeast is not heavily de pendent on the production of durable As cars and he says Are hit hard by a recession when Consumers Lack the Cash for larger purchases or Donald Ratajczak director of the economic forecasting project at Georgia state University Here believes that the worst effects of the economic slowdown May have already been Felt and that we May be starting to gome off the Bottom he says that residential construction in the Southeast is already Down to a Bare minimum and should not decline much further there has been some Impact in automobile production but he says that Many More plants Are being converted to by Early 1975 Small car production than Are being closed in the Southeast a compared to the rest of the nation tourism has suffered Ratajczak says with the greatest Impact being Felt in Florida and he predicts that the carpet Industry which has been doing Well despite the decline in residential construction will drop off reflecting the slowdown in the housing Industry Bank to open Jamestown unit Jamestown North Carolina National Bank has received approval from the us comptroller of the currency to open an office Here j de Pleasants senior vice president and a cab High Point City executive said the proposed Branch would be located in the Forest Dale shopping Center High Point Road in Jamestown the Branch will be the Banks fifth in the High Point area and is expected to open attends meet High Point attorney Arch Schoch is attending a meeting of the Board of directors of the International Academy of trial lawyers in Hong orig the organization brings together trial lawyers from throughout the world on a regular basis for the Mutual Exchange of ideas and developments involving criminal codes and criminal management Schoch was named a fellow in the organization in 1957 and a director in1971 when the trial lawyers convened in Spain 3 promoted Thomasville products inc locally based manufacturer of cushioning materials has promoted three executives by Ray Hubbard his wife Elaine live on colonial Circle near Thomasville Lewis Webb Erwin Hall Lewis Webb has been named vice president marketing Webb was Plant manager at Akron spool company prior to joining tip he and his wife Janice and son Mark live on Welling Ford drive in High Point Muff Ler service Merican Muffler inc a National franchise offering pm plate exhaust system ser vice has opened at 731 s main St f the business will provide customers with free system inspections and with All the equipment required by the Auto manufacturers and government standards Stock quotations quotations from the National association of securities representative infer dealer prices As of approximately pm daily prices do not in clude retail markup markdown or com Mission Aero Ron american furniture Atlanta Gas ought Atlantic Pepsi cola ban shares of no Bankers Trust of so Bassett furniture Beaman corp Bell prods Bilo Black kinds Branch Bank Trust Brenner kinds Bur yarns i Burnup i Sims bums kinds Csc finance Cameron Brown was Cameron financial Cannon Mills Carmine foods bid Alk d 63i 1va 12 31a none 29 42 Lla none 46 7a i 4 Carolina Cas ins Carolina Caro state Bank Caroline steel Carolina Wise Flo Cato corp Central Caro Bank Central Vermont Champion parts res charter ban shares con charter ban shares Deb charter co pro Chatham mfg class a Cis corp of so citizens n3 Tea Stanfa cd canola co Consol life cd b comm Bank Greensboro Conner Homes r context i 106v 19 none 47v4 none 1 none 5 6vi 26 4 to 86 26 17 27a 32 734 92 27 18 28 a none 10 n a 11 1h 1 Farmers jew old life Fidelity corp of a Mic corp 19 2 4 39 8 24v4 Lla 57a 3 4 9 485 Sis 11 4 a sex average of 60 stocks Dow Jones 30 industrials Jason of mama Market stands still the a average of 60 stocks was Down for the week Friday closing at 2774 and the Dow Jones average of 30 industrials slipped 08 closing at 820327 brokers blamed investors uncertainties about the Economy for the Lack of movement and Low volume of the Market sure yours it tic pub of Catawba food town stores Forsyth a kit Franklin life ins guardian corp Harrelson rubber Heilig Meyers Henredon furniture Hickory furniture Hoover co investment to Kab Ivey jacks food Kenan transport Lance inc Lane companies Leggett plan Liberty Bank Trust life Assurance of Caro Little giant Little mint Lowes companies Macks stores multimedia a cab corp no natural Gas Northwest Fin corp no West fun inv uts no West fining com no West Fin inv was Occidental life ins Oakwood Homes Ozite pay n save Peoples Bank of Rocky it Phillips Foscue piece goods shops Piedmont aviation Piedmont real estate planters by Rocky it Public Sec of no Rahall comm Reid provident labs Rex plastics Roberts co Roya scotsman safeguard Auto Salem carpet Sam Solomon sea Pines Security finance corp honeys Bigboy Monoco products so National corp Southern Nat corp Southern Nat Debs spartan food systems super Dollar stores Synerson corp Gelerent leasing textiles inc thalhimer Bros trans co companies transport data common Tri South Mori was Triangle Brick unify inc United Caro Banc shares Vermont american Virginia International Virginia Nail Bank Virginia is shares by Walker shoe Washington group knitting White shield co Wix corp Wright machinery 18 3 4 4 20w 5 16 19 19a 17v4 25a Bud Hall has been named vice president manufacturing prior to joining tip Hall was associated with Janesville Mills of Norwalk Ohio for 27 years As director of manufacturing he and his wife Dorothy live on Apollo Circle in Archdale Don Pugh Mil Stalbert Lla a 5v2 4 13 12 i 2 6 41 Miles Talbert has been promoted to vice president polyurethane division prior to joining tip Talbert worked As a chemical Engineer with Phillips Foscue and u s furniture industries and pig he and Don Pugh will act As manager of the operation Pugh is also a technical advisor on the staff of the locally owned franchise and a regional training director he was formerly employed by Midas Muffler Brayton rep Grant Stevens director of marketing of Brayton International inc and l Paul Brayton Ltd has announced the appointment of furniture marketing associates As District sales representatives for the new England territory this Fourman organization has offices and showrooms in Hartford and Boston Brayton products will be exhibited for the new England states at 103 Broad Street Boston Massachusetts Brayton manufactures a Complete line of contemporary office furniture As Well As office accessories Bowser named nationwide Mutual insurance companies has announced appointment of William f Bowser As a business insurance specialist Bowser will be working with the Greensboro High Point Winston Salem Busi Ness District specializing in All lines of insurance coverage he is enrolled in an extensive training program and will be returning to our Columbus Ohio training Center at the end of february for intensive business training which will qualify him As a professional business consultant for nationwide companies he is a native of the High Point area and lives with his wife Nancy and their two children at 132 Maplewood or Thomasville i two train Ralph e Wyrick of Jamestown and assistant chief Engineer of North state Telephone company along with Ronald b Hauser of 619 Hedrick Avenue High Point a dial equipment technician have successfully completed an advanced technical course at get automatic electric both men studied the operation testing and maintenance of automatic toll ticketing Telephone equipment held at Auto Hatic electrics training Center in Northlake Illinois a suburb of Chicago the socialized course is part of a continuing program by North state to give its customers constantly improving service through use of the latest Telephone developments authentic paints through Mirtl Senour warm Rich colors of colonial Williamsburg captured and exactly matched in exterior and Interior Fin is hts of utmost Quality slightly than youd pay for Ordinary paints but More than Worth every in added Grant and Charm i Street paint co 321 new rennet Tel 8821510 attention or talk to the int Egon listener Hes More interested in hearing whats on your mind than in telling you whats on his Robert Mccuiston Clu Timothy r cafes int egoism 115 s Hamilton St Telephone 8830424 i the trucking strike the shortage the unstable Economy f with these and other factors flexibility has of become a must in theoffice is the speciality of services with manpower you can have or factory help on a daily weekly or indefinite basis by using manpower your unemployment insurance rate nor other government obligations Are effected plus our employees Are bonded insured arid guaranteed for More information Call manpower temporary services at 8836171 and Well have a representative come by at your convenience to discuss your needs marketing John r Kaufman will be the feature speaker at the feb ipe eting of the North Carolina chapter of the american marketing Assn his topic As the information Center a profit he will discuss the key ingredients of an information Center and How to Nike profits out of data also covered will be a discussion on various information systems such As Telmar ims concept Cordi nation and selective dissemination of information this meeting will be held at the Aero restaurant in the regional Airport in Greensboro the program is scheduled to begin at 8 pm dinner is optional and will be served at however dinner reservations Are necessary for More information reservations Call Barbara Walker at Blue Bell record sales an Al time record High in sales was achieved by Pilot life insurance co during 1973 the company total sales amounted to which exceeded the previous record set in 1972 by More than million and Marks i the second consecutive year that Pilot sales have surpassed the billion Mark sales of individual policies in 1973 amounted to million with group insurance sales amounting to v More than billion in addition to the life insurance sales volume pilots Accident and sickness Premium income in 1973 was More million an increase of million Over 1972 Pilot paid in benefits to beneficiaries and living policy owners in 1973 this brings the total benefits paid by Pilot since its organization in 1903jto More than billion insurance in Force passed the billion Mark in 1973 and at the years end totalled accountants the Piedmont Greensboro chapter of the National Assn r of accountants will meet feb 21 at the Hilton inn in Greensboro the speaker will be Michael a Pakarek manager nor speakers i Bureau of Dayton Ohio six reasons Why service for your Volkswagen should be done at authorized vow shop 1 genuine vow ports Ore warranted when in stalled in an authorized vow shop Only 1 latest technical servicing information is received weekly 1 Only special vow tools Are used Only vow trained mechanics used specially designed lifts Are used to handle your car with vow care Only time required is charge to customers from car rate Manuel make your appointment by calling 8692191 hours monday pm tuesday through Friday pm service Deal closed saturday service deportment works Only on Don Gilstrap inc License 4782 v Only authorized vow dealer in High Point it Tel 8692191 n7m u 1 2703 n Mains when you need help in establishing and attaining your financial goals George p Clark clued Lyon or Clu High Point address 406 Lindsay Street telephones and income capital associates inc v capital creation accumulation 4 management consulting companies corporate benefits planning company physicians planning service corporation Ovid end life insurance company Nel equity services corporation Loorom Soyles and company

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