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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 18, 1968
Page
7
Financial analysts note renewed money tightness as new Treasury notes draw higher yields and unsold balances rise. Smart money shifts from stocks to cash like T bills and CDs, while concerns grow over the budget deficit and Mills tax stance.
The Johnson administration pushes for a 10 percent income tax surcharge amid partisan debate. Treasury Secretary Fowler warns of economic overheating and recession risk, while Fed Chairman Martin labels the levy a war tax. Reports show slower January income gains, a steady GNP, and continued steel and auto production trends despite strikes.
The High Point Chapter of Administrative Management Society reports nearly 60 pre registrations from Tri Cities management personnel for a Time Management Seminar set for February 22 at Top of the Mart from 1 to 9 p.m. W Donald Schoeller of Management Process Co Norwalk CT headlines on reducing management cost through time management.
Ford Foundation President McGeorge Bundy outlined progress in race relations and changes in education policy. He noted a 25 percent spending cut yet said the foundation still distributes more than it earns, and highlighted shifts toward selective international study grants and a smaller role for broad higher education programs.
Furniture manufacturers were urged to adopt do it yourself trucking to cut costs and improve service. Donovan Riley of Leaseway Systems said owning trucks reduces transit time and damage, while piggyback options on rail were also discussed. G P Hunter urged piggyback use. Omer L Jeter chaired the meeting of SFMA in Roanoke and Altavista with Raymond A Smith speaking on the division’s significance.
The Small Business Administration will host a one day workshop in Winston-Salem on Thursday Feb 29 at the Thruway Shopping Center Meeting Hall. SBA and local businessmen will cover starting a business financing regulations taxes insurance location and management. Pre registration is required and contact is SBA Charlotte NC 28202 704-373-0711 Ext 445.
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