High Point Enterprise Newspaper Archives Mar 14 1974, Page 16

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High Point Enterprise (Newspaper) - March 14, 1974, High Point, North Carolina Y so High Point Enterprise thursday March 14,1974 business notes a by Ray i Bra Carmichael 1?4 to avow to of earnings new York w. R. Grace amp co., an International Industrial concern reported record 1973 results with a 40 per cent increase in earnings before extraordinary items on a 20 per cent boost in sales largely attributable to Grace s chemically based products and services. Consolidated income before extraordinary items for the year ended dec. 31, 1973, was $87.5 million up 40 per cent from the $62.4 million for 1972. Earnings per common and common equivalent share were $2.96 compared with $2.10 per share for the previous year an increase of 41 per cent. Sales reached $2.8 billion an increase of 20 per cent Over the 1972 figure of $2.3 billion. After extraordinary items 1973 net income was $84.6 million or $2.86 per share versus $65.6 million or $2.21 in 1972. These 1973 extraordinary items representing a net charge of $2.9 million against earnings reflected in part the disposition of several european subsidiaries the liquidation of a plastics molding operation in the u.s., and the expense of transferring the company a Headquarters. Promoted Conway s c. Billy Hilton has been promoted to manager of the Tran South financial corp. Office Here. Hilton who was previously manager of the High Point n.c., office has been with the company since 1964. Tran South the new name for Stephenson finance co., has Headquarters in Florence s.c., and offices in 78 communities in the Carolinas and Tennessee. Joins firm mrs. Brenda Noah has joined the firm of Mabe amp company. A resident of High Point mrs. Noah was employed by the City Parks and recreation dept for six years and was also associated with United realty and insurance of Goldsboro prior to joining Mabe amp company. Wicked Stepfather children victims of Shady operators Brenda Noah a graduate of Washburn University of Topeka Kansas mrs. Noah resides with her husband. Bob at 924-b Lake Crest ave. Record sales Hickory furniture company reported new highs in sales and earnings in the six months ended Jan. 31. The second Quarter also set record Levels. Sales moved up 30 per cent in the first fiscal half to $11,910,285, reflecting higher operating rates Plant expansions and the acquisition of Joh Widdicomb company. Net income before taxes increased 18 per cent. Net income for the company was $551,993. This was 46 cents a share and compared with net income of $510,270 or 42 cents a share in the first half of 1973. Elected John b. Veach or. Of the Bemis hardwoods div., Whitewater inc., Asheville has been elected 1974-75 president of appalachian Hardwood manufacturers inc., at the associations 46th annual meeting in Atlanta. Jack Stewart of the Stewart lumber co., Morristown Tenn. Was named president elect for 1974-75. We re Jlko of e big Happy family Ike this office Driver injured in car wreck Betty Jean Everhardt of Thomasville was slightly injured tuesday about 10 27 a m. In a two car collision on the parking lot at Sears. The other Driver was Robert Kennard Hammer 32, of it. 3, Trinity. No charges were lodged. Oooo Omoor camellias in Bloom Turner landscape co s Plant Plage 525 n. Hamilton St. Red school House a open 10 00 5 00 weekdays-�?8 30 5 30 sat. An acre of free parking operated by 3-me the Garden House people of $ High value Low Cost $ end Dis washing Drudgery with a. Washington a Fagin in Quot Oliver twist Quot was a seedy slum Fence who coached Street urchins in the Art of picking pockets and exploited the Little Quot dears Quot by pocketing the bulk of the swag. Now More than a Century after Charles Dickens created this literary character Law enforcement officials in a number of states say they Are chasing real life Quot Fagin operators Quot who recruit inner City youth with false promises of scholarships and Cash to sell Candy door to door in affluent suburbs. The operators profit by cloaking themselves in the Mantle of implied charitable efforts officials from four states told a Senate subcommittee tuesday. Donald g. Mulack assistant attorney general of Illinois said the schemes which surfaced in his state Williams Flowers Quality Flowers professional service 2012 Inrush re. Call m2-4161 about two years ago involve recruiting children to peddle boxes of Candy Worth 30 to 50 cents a Box. The Candy is sold for $1.50 to $1.75. The child keeps 25 cents per Sale and turns the balance Over to the company or the Crew manager. Quot in a typical operation Quot Mulack said a a Crew manager recruits Young people at Candy stores near grammar schools through posters and flyers which advertise a students wanted earn up to $20 a week a the operators play on the respectability of campaigns As girl scout Church and school group cookie sales. Officials from Pennsylvania Florida and new Jersey told the subcommittee on children and youth about nearly identical schemes in their states. Also testifying were officials of several of the sales organizations. Morrie Friedman executive director of the us honors Gerald Ford Ann Akbor Mich. Apr vice president Gerald r. Ford will speak at the University of Michigan a commencement exercises May 4 and will receive an honorary doctor of Law degree from his Alma mater. Ford is a 1935 graduate of the us College of literature science and the arts. National youth clubs of America said Quot i done to feel As Long As there a proper supervision its a detriment to the he blamed greedy franchisees for failures to deliver on promises of scholarships. Friedman estimated his organization has hired 25,000 to 30,000 children starting them in at the age of 8 or 9. He said his organization achieved about $3.2 million in Gross sales last year. Gerald Winters a Candy wholesaler who set up youth incentives inc., said he wanted to help disadvantaged youths earn Money and learn self Reliance and business sense. Quot i am the first one to admit now that the organization grew without proper direction Quot he said. Winters said youth incentives was aimed at teenagers and estimated As Many As i,-500 were out Selling in 25 cities on a Given saturday before state officials began cracking Down. Bloc co America s largest tax service with Over 6000 offices a 823 n. Main St. 885-0019 a 3035 s. Main St. 431-5227 a 1020 e. Green St. 888-7354 a 200 e. Main St. Thomasville 475-2714 9 a m.-9 . Weekdays�?9 a m.-5 . Saturdays Ulm Iii it i i pm a our. Soaps cos tics tire too a Pooe. Tea Ouy >0 ear two . Rat. Wical too. Opal Stop it a Jug the j Lye a a in amp of John said or sleet i Sherwin Williams helps you do it All Wal covering Sale ends March 18th style perfect Vinyl Wall coverings pre pasted. Stal proof. Scrub Bable. Shippable. 138 patterns. Regularly priced pm Singi r0ii. Said from $495 up in double Rolls Only use our free decorator. The color Harmony g0i0e. It la give you a big screen picture of How to coordinate paint Wall coverings and carpeting. And everything you see you can buy in one store. Your Sherwin Williams decorating Center Sherwin Williams helps you do it All 141 its so easy to shop Sherwin Williams de rating Center. Just a a charge it Quot Banham memo High Point 1000 n. Main St. 882-8021 Lexington Lexington shop. . 64 w. 249-0141 Thomasville 46 Trade St. 476-7274 t

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