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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jan 11, 1976

Page

6

Americans Preparing For Trade With Cuba

In New York a Cuban mission official hosted a lunch with Continental Can Co to explore rebuilding and selling equipment for a Cuban cannery expropriated after 1959. The embargo blocks such sales, yet Cubans seek bids from multiple countries as they push a five year plan to export canned fish and fruit juice despite capacity limits.

New York United Nations Continental Can Co Hugo Vedra Cuba Fidel Castro U.S U.S Cuban Angola Les T Yedra Washington Montreal Mexico City United States Havana Continental Can Japan Western Europe Canada Argentina Castro Martin Klingenberg Kirby Jones Alamar Associates David Lefevre

Information deficit fuels labor disputes in 1976 economy

AP analysis quotes John Q. Jennings, once mediator and head of Federal Mediation, arguing Americans misjudge profits and wage shares. He cites 1975 corporate figures showing net profits after tax of 21.7 billion on 613.7 billion in sales, a 4.2 percent return, with workers believed to get 75 percent of profits by many, while actual employee share is 9.6 percent of divisible income. Jennings urges full disclosure of income division facts to reduce inflation, strikes, and frictions.

John Kennedy U.S Caribbean Florida Cuba Jones J.S. Joseph Co John Cunniff New York John Q. Jennings America Jennings General Motors United Auto Workers

Trade Winds Slowdown Is Expected For Credit Explosion

New York—federal policy hints growth in spending will slow with budget deficits shrinking and possible surpluses. A tighter credit environment could stabilize inflation, lower loan rates, and curb the prior decade’s credit boom, though political maneuvering may spur fiscal stimulus to boost employment.

Congress

Connect Corp reports 1975 earnings and year sales

Connect Corporation, Saint Paul, reports 1975 earnings of 1,871,000 or 1.55 per share on 965,594,000 in sales for the year ending November 30. In 1974 earnings were 2,350,000 or 1.94 per share on 75,941,000 in sales. Fourth quarter earnings were 565,000 or 0.47 per share, down from 835,000 or 0.69 in 1974, due in part to a 113,000 unfavorable judgment in a legal action.

ST. Paul, Minn Connect Corporation F. T. Weyerhaeuser Weyerhaeuser Connect

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