High Point Enterprise Newspaper Archives Jul 4 1976, Page 85

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High Point Enterprise, The (Newspaper) - July 4, 1976, High Point, North Carolina6a High Point Enterprise sunday july 4. 1976 Days of free matchbooks May be numbered by Lee Byrd associated press writer Washington a the consumer product safety commission May soon require that match books be despite evidence that it could wreak economic havoc upon the Industry skyrocket the Price to the Public and cause even More danger than it prevents. In the boldest some say silliest action of its three year existence the Federal Agency tentatively approved on a 3-2 vote last Spring a regulation requiring latching covers or alternative features aimed at making it impossible for kids to ignite Ordinary paper matches. If that decision is upheld in a final vote scheduled for August it could produce an enormous change in one of the most common and cheapest consumer habits in american life. First to childless adults already annoyed by such govern ment inspired innovations As the safety rap on aspirin bottles it could mean yet another and More frequent aggravation especially to smokers. Simply put the cps design would require a Tricky motion every time the cover Flap is opened. Second it could cause a severe cutback in the availability of the now ubiquitous free Light. Less than 13 per cent of the 25 billion matchbooks manufactured each year Are actually sold to Consumers. The rest Are Given away by advertisers through vending machines bars restaurants and other con Cerns. But the cps s own studies indicate Many advertisers might drop matchbooks As a medium if its costs increase substantially and they could in fact be doubled. Since it was announced in april the cps proposal has drawn the enmity of the Ford administration s wage and Price Council the Industry and the overwhelming majority of private citizens who have formally filed comments. And in the words of commissioner Barbara Franklin even the Agency s own staff is somewhat less than enthused about the Latch proposal especially insofar As the economic consequences Are concerned. One senior commission analyst who asked not to be named declared the safety cover la even though this same person under orders helped prepare a justification report for it. Actually the proposed regulation goes beyond requiring a latching cover. It also Calls for matches to self extinguish after a 15-second Burn time and to meet Quality standards for fragmentation. But the latter improvements while Likely to have the greatest effect toward cutting Down injuries Are not nearly so costly or controversial As the Latch. One major manufacturer already markets matches that meet every test but the cover. As the commission itself acknowledges it has absolutely no experimental basis upon which to believe that the Latch will in fact deter children from playing with matches or Cut Down on the number of Burn injuries. But even if it works perfectly and eliminates All serious in juries notes the wage and Price Council the cold and in feeling statistics of Cost effectiveness will weigh in at astronomical Dollar Levels. The Council says the safety design would add a minimum of million and possibly much More to the million per year that advertisers and Consumers now pay for matches. Presuming it would have prevented All 57 of the match re lated injuries requiring the hospitalization of Young children last year that works out to More than million per injury. There Are those of course who argue that no Price tag should Ever be placed on a child s welfare. Marcia Robinson who works in the Burn unit at children s Hospital in Washington wrote the commission of the Long term misery and trauma resulting from a child s natural curiosity toward fire and matches there is no greater agony than the pain from but there is testimony aplenty that the cps design simply won t work and some even forecast the irony of greater danger. The wage and Price Council for example suggested that it will entice increased play by children who Are attracted by the the Southern Burn Institute of Houston the Only organization to report any Field tests of the design said that the Latch Seldom functioned properly for the life of the match Book and that All too often the user circumvented the Pur pose of the Latch by tearing off the matchbook cover by tuck ing the cover behind the matches or by tearing off a Corner of the but aside from the Hazard caused by impatient adults who leave the matches exposed the Institute went on to report. The children themselves had Little difficulty in gaining Access to the matches the design favored by the cps is based on two inter Locking Staples requiring two separate motions to unlatch the cover or to simply rip it apart a pressure of at least five pounds. But the matchbook Industry As Well As Independent re searchers say that Many children of 5 and under can exert far More Force than that especially when they use their Teeth. Moreover they Point out the matches could still be pulled out the Side of the matchbook. Others echoing the theme sounded by the Southern Burn Institute have taken note of surveys showing that Many per sons simply leave the Caps off of childproof Medicine bottles so As to avoid the bother. This phenomenon they argue would Likely be accentuated in the Case of matches since they Are used More frequently. The commission s proposed regulation would leave the door open to alternative child resistant features. One that has drawn attention is match. Instead of a latching cover this design has the striking material inside a paper tube on the Back of the matchbook. To strike the match it must be carefully threaded into the tube or Tunnel. But it. Too is costly and perhaps More dangerous. One cps staffer scorched his hand when the Tunnel went off like a Cannon from an accumulation of match head material. Ideas like the latching cover the Tunnel match hidden Fric Tion strips individual sleeves Over the matches and other variations on the childproof theme have been kicking found the . Patents office for years. Most were rejected out of hand by the Industry though1 some were test marketed with disastrous results. By economists others economic indicators doubted by John Cunniff a business analyst new York a doubts about the accuracy of official government economic indicators exists among what appears to be a growing number of concerned americans including economists and even govern ment officials. Revisions changes in concepts weighting and seasonal adjusting help raise the doubts As does what would seem to be an element of human expectation in interpreting or announcing the figures. In january for example just Days prior to the Gross National product report for the final Quarter of 1975, a government official in Trade winds dictated the rate might be As High As 7 per cent in marked contrast to some private forecasts of a 4 to 5 per cent increase. The actual figure turned out to be 5.4 per cent Strong but not nearly so Strong As that projected by the official alluded to in some other statements by officials and circulated widely by the Media. The inflation rate As measured by the Gnu deflator was reported at 6.5 per cent which was called an improvement Over the revised 7.1 per cent rate for the previous Quarter originally announced at 5 per cent but even As the encouraging figures for the third Quarter Gnu were revised earlier so were the fourth Quarter figures destined for the same Fate this february. Gnu growth was lowered to 4.9 per cent the inflation rate was upped to 6.8 per cent. Revisions continue in the name of greater accuracy. Some advances May appear even larger because com Parison figures for the preceding periods were simultaneously revised downward often with very Little notice made. In May of this year the Commerce department announced that april retail sales were almost unchanged from March. But that state ment could be made Only after a downward revision of the March gain from 2.8 per cent to 1.3 per cent. Cost of imported of to Rise by year end by Lou Schneider Norm american newspaper Alliance new York Long lines of cars at Gas Oline stations have faded from the minds of . Motorists. Gas consumption now is 7 per cent ahead of 1975. And new car sales of the Gas guzzling Type Are 40 per cent ahead of last year. But shrewd investors know higher Gas prices Are in the works that open members favor election periods in the Industrial countries Europe As Well As the United states that an open higher Price formula is now being compiled. The fact that open did t hike the Export Price at its May Bali meeting does t mean the figure will stand beyond dec 31. 1976. This column did report a hike was coming it did. The Libya Price was raised. It s the Tipoff. Open s 13 member nations will meet again on dec 15 in Doha. Oata. Saudi Arabia is ready to go along on a Price hike against a delay stand in Bali. Starting with Jan 1. 1977, the United states will pay More for Oil imports at a time when consumption continues to in crease. The United states now imports 43 per cent of its daily needs. Russia and Mainland China Are Oil exporting countries but not open members. The Trade winds know chinese Oil production was running at about 1.6 million barrels a Day in january. Part of this was shipped to Japan. But Trade winds sources say China s Oil producing area was hit by an earthquake this Winter. Production was Cut somewhat. Russia always a big producer got up to 9.8 million barrels a Day this Winter com pared with . Production of 8.2 million a Day. But Trade winds sources say Russia s Post world War ii Era of Oil abundance is nearing an end. The Story is that shipments to communist countries will be slightly reason Russia s declining annual crude producing gains in the giant a motion Field and failure to find other sectors with com parable reserves. But. Say the sources Russia will continue to be a substantial exporter into the Early 1980s despite its decline in Oil production gains. Stock quotes a five i uni Etolil Tow associates press minions from the National Amoco l securities dealers Are Ron Csc Krivdo Iller prices Osol approx up m Ponci Sonol Mclure snark tip mar known or comr is bid asked m h Lanxe 3, to l 3 3 k Brenne sur Naif Burns Pepsi s Trail of s t furniture r Mas i a. Sims ind 3 3 ii 13 in 15 m i ?1 j 17 is Pinamont reit uni s club planters my Bank pub it Svi of n c Mills "sv1ic coi p provident lbs parts prod re pm joins so 5 s set Sci carpet s big to 5onoco products in null corp 17 10- 10 8 3 n 10 j s Sou corp Buner of liar Siors Toi Crint leasing to Liles inc thalhimer Bros Triangle Brics non inc unify inc a i Caro Banchs a International a Natl Bank b b Walker shot s Washington group West knitting corp White shield co Wix corp i machinery is 19 3 3 21 3 13 in Ira 12 i 15 u is 5 6 7 10 ii Carol my Cas car 010pfd cil o steel corp Wise Flo corp cd Gilrai Caro rank Central Verron Cluj Ham mag Core it b c coca cola co cons Cochrane furn colonial Lite cd 6 comm flank Conner hons context Daniel infernal corp Durham Ite ins to graph inc Pio Clit corp of a feb of Maui won fool town stores cd Lamers Wolfl first Union corp Fony Lri Fri Kim Lite ans Gray tool guardian corp Marre Ison re bar co Heing Henr Poon furn Hickory furn i t j Justin Kenan transport inc Lane co leg pct Plait Tiitu giant mint Lowe s co Wack i stores mom pop s multimedia a cab Carp n c natural Gas pm Inkuls Occidental Lite ins Bank Lull Phillips Foscue pro corp piece goods shops Avail in Parks leasing inc 1-40 and route 66 h Kemer Cilto . 993.2101 or 724.7014 that s what Parks offers on every leasing Deal your. Nodi Economy car or an in Flat or and cars. You Mora for your Money. What value Noah Mem Call today i the potential Impact of such revisions unintentional though it might be could be to produce the impression of a series of vigorous advances fact the advances were moderate. The search for refinements which consequently results in revisions almost never ends. The Well known Index of leading indicators a barometer of things to come is revised each month that is even though it is a forecast tool Index for each month is revised each month month after month. To illustrate the Index for june 1975 was announced in july 1975 As having advanced 2.10 per cent. Thereafter it was revised during 1975 to read 3.22 per cent 3.30 per cent 3.52 per cent and 3.60 per cent the highest figure occurred in both november and december and May have been As were several figures in that period overstated. In january 1976 that june 1975 figure was lowered to 3.46 per cent and in february to 3.33. It in t Only the revisions that disturb critics whose Range includes some states the City of St. Louis the american Hospital association the Al Cio. Statisticians and laymen too. Some numbers May be mis leading to begin with. Prof. Richard Ruggles an economist at Yale univer sity is examining the scope and Quality of the wholesale Price Index under a Grant from the Council on wage and Price stability with the cooperation of the Bureau of labor statistics. Agriculture and crude materials Are probably too heavily represented he believes. He maintains it is heavily weighted by things that Don t count in the system or Are double Ruggles believes that the Dpi. One of the most cited of All government statistics considered by Many to be a precursor of consumer Price changes is quite business notes Ray Hubbard ams Post n. Todd Praigg or. Was elected As a director of the administrative management society at the organization s Board meeting in Phila Delphia earlier this month. N. Todd Praigg or. Ams. Headquartered in Willow Grove. Pa., is a management oriented organization with 150 chapters and members throughout the . And Canada. Praigg. Who resides in High Point with his wife and four children is vice presi Dent of finance and treasurer of Henley paper co. 2 promoted first citizens Bank Trust co. Has announced promotion of two area employees. John c. Kiem manager of the Eastgate office Here has been promoted to assistant cashier. Grady l. Morgan or has been promoted to assistant cashier in the instalment loan department of first citizens in Winston Salem Kiem a native of new Jersey has been with the Bank for two years. He is a graduate of High Point College. He and his wife the former Jeanette Jones have one daughter. Morgan is a High Point native and a graduate of Guilford College he has been with the Bank since 1974 retired three employees of Pilot life insurance co. Residents of the High Point area began retirement july 1 following a several in Stock for immediate delivery see or Call Howard Stutts Larry Forrester or William Bell Ilderton woodae thl a Amican Tauk in the 701 -709 s. Main All Amik ican City of High 885-4091 combined total of 75 years of service with the company. They Are l. L. Harkrader of 412" Clover or assistant Secretary and manager of Field office personnel 29 years service mrs. Maxme Hutchens of 106 a very ave., manager of licensing 24 j years and Alvin Allen. 117 Kearns Street. Jamestown with 22 years in the buildings and grounds department Allen retired under Dis ability provisions of the com Pany s retirement program. Sales Post Jim Meadows a native of High Point is now associated with the Boston store inc located on e. Main Street in Thomasville Meadows has 26 years of experience in the men s i nothing Field in High Point. He lives on Greenwood i drive in High Point. Graduate school of Wake Forest University will be held at Tanglewood Park near Winston Salem july 18 23. Applications Tor attending the seminar Are now being accepted through the univer sity s Center for manage ment development at Box 7657. Winston Salem. No 27109. Highland seminar set the summer management seminar of the Babcock leasing no huge Down payment is needed to drive a new car. When you lease. Co Tuci Readic

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