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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 13, 1976
Page
7
The Southern furniture industry rebounds after a downturn with 1976 demand outpacing shipments in early 1976. Bernard Wampler cites pent-up demand and rising young buyers while 1977 remains cautiously optimistic. Douglas Bracket and Robert Deale note double digit order gains and a healthy market. Tomlinson Furniture reports 60 percent higher business than 1975 as retailers plan for continued growth.
AP analysis discusses Sept 30 rule requiring lenders to post loan info by census tract. The data may enable communities to pressure lenders or prompt legal changes. Debate centers on whether funding should favor social goals or investment return as inner city neighborhoods may either revive or face withdrawal of funds.
Trade Winds report notes rising rates portend slower recovery while first quarter real GNP grew at 4 percent after inflation and inventory adjustments. Fed tightening reflects optimism for continued growth, with inflation up and food prices seen higher. Federal refunds rise modestly, prompting revised financing outlook as tax avoidance rises.
Rising U S incomes and travel in this Bicentennial year boost seafood demand while higher red meat prices improve seafood competitiveness. Although supplies of fresh and frozen fish are tight from low holdings at home and abroad, demand remains robust in food service, especially fast food, keeping prices rising. Inventories of frozen fish and shellfish on April 1 were 309 million pounds, down 8 percent from a year earlier.
The market pulled out of a slide with the Dow rising 14.90 to 978.80 and posting its best daily advance since April. The S&P 500 gained 1.81 to 100.96 and the NYSE index rose 0.95 to 53.73 as volume stayed light and new highs outpaced new lows.
Buck Ezernack of Borden, Inc. earns lifetime membership in the Maintenance Masters Club for outstanding motor fleet safety work. Nancy S. Westmoreland wins top regional manager trophy for Sarah Coventry in Las Vegas. Elaine Dills promoted to VP and GM of Tillark Foods overseeing Burger Chef’s in multiple towns. James N. Oldham succeeds Harrington as Burger Chef’s chef. Lane Company declares quarterly preferred dividend 25 cents and common dividend 15 cents with specified record dates.
A concise musing contrasts habit quantity with character, suggesting behavior defines virtue more than number of routines. The line prompts readers to examine integrity over mere habit accumulation, stressing quality over quantity.
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