High Point Enterprise Newspaper Archives Mar 31 1974, Page 6

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High Point Enterprise (Newspaper) - March 31, 1974, High Point, North Carolina A High Point Enterprise sunday March 31,1974 Economy steered to help the big by John Cunniff a business analyst new York a Quot we have condoned and inadvertently encouraged the manipulation of the National Economy for the Benefit of the big and at the expense of the Small a the writers of the document declared. Fiery words recalled uprisings of the oppressed with frequent references to vital decisions made by Quot a handful of faceless but powerful men a the Quot infiltration of government agencies a and a trading seats of management Between big business and big a what has been proposed a conceded the head of the group that prepared the document Quot is his name Ken Anderson an Illinois businessman and president of the National Small business association. The association which promotes itself As Quot the voice of Small business a does no tas effectively spell out its interpretation of what makes a Small business but it does offer guidelines such As a a Small business usually has fewer than 500 employees a big business More than 5,000. A a Small business usually is a proprietorship partnership or closely held corporation a big business is usually publicly owned listed on a Stock Exchange or traded in the Over the counter Market. According to the Onsba Small business is oppressed not Only by government and labor but by big business. In a presentation this week to members of Congress the group called for adoption of a National policy to restore to Small business a a the competitive balance lost to big business big government and big Quot the Small and medium size firms have been injured because the economic policies of our country have benefited the very special interest of three tenths of i per cent of big business and 25 per cent of the labor Force a the group insists. In 1972, it maintains Quot a handful of economically powerful giants Only 350-controlled 69 per cent of the assets in corporate manufacturing. These same companies representing less than one third of i per cent of the country a manufacturing firms received almost 73 per cent of the in numbers the association concedes Small business is holding its own with 10.5 million firms accounting for 98 per cent of the country a total business units Quot but in Market share assets and profits Small business is losing ground to these Small businessmen such trends Arentt the result of Competition or the product of Chance. Government policy they claim is too often guided by big business and sometimes big labor. For example the association target rate in 1969 the effective tax rate of the nations largest too corporate giants was 26.9 per cent but that smaller companies pad an average rate of about 44 per Cen. The association Wanic by 1976 the enactment of a National policy to help Small and medium business Quot catch up a and by 1989 a doubling of its share of the Market. Stock quotations Airliner venture failing by Elias Antar associated press writer Paris a the new British government appears ready to write off the concorde supersonic Airliner As one of the costliest commercial flops in history. The French government wants to expand the joint project and build More of the big Needle nosed planes. British Industry minister Anthony Wedgwood Benn is meeting today in Paris with Aymar Achille fould the French Secretary of state for transport to discuss the concorde a future. French officials have said they plan to go through with the program despite the British hesitation and growing disaffection among the French Public. When conceived in the 1960s, the concorde was enthusiastically backed by the French people. But a poll last week showed that 45 per cent of those asked favored abandonment of the plane to Cut Down government spending. The two governments Are spending an estimated $2.3 billion to develop a plane that by 1976 will be carrying Only about too passengers from London to new York in 3mi hours. Business notes Harris named Randall k. Davis executive vice president of Davis furniture industries announces the appointment of Otis Eguene Harris to director of operations. Otis Harris by Ray Hubbard Bond sales Harris attended High Point City schools and graduated from Davidson county Community College and attended Guilford technical Institute. He first joined Davis furniture industries in 1970 and has held the following positions desk Plant Foreman woodworking superintendent and desk Plant superintendent. His new duties will involve Overall supervision of both the Davis seating and desk divisions. Harris is Active in Church and Community activities. He is presently project manager of the Industrial management club and attends Ward Street methodist Church where he serves As vice chairman of the administrative Board teaches the Wesleyan sunday Over the counter sleek Central Caro. Bank 28 30 by the associated pre Central Vermont 13 it 14 quotation from to National Banoci Champion part Reb. Syi 4 action of Security dealer a represent charter Bank Hare com to to native inter easier Price a of approx charter Bank Hare Deb in 94 mately 3 30 daily. Price do not in charter co. Pad 21 29 j clude retail Mark up Mark Down or Corn Oteham mfg. Last a 14 is in i non. Old asked Cas corp of s c. 24 25 Aero Ron in i Chien is Gastonia 32 non american furniture 6�?T4 4l coca cola co. Consol. 7 i Atlanta a Light 14 is colonial life cd b 14 la Atlantic Pepsi cola us 4 comm Bank Greensboro 17 la Banc Hare of . 9 to Conner Home i he Bank of Granite 34 non context 3 3 banker tru to of so 28 30 Daniel internet. 28 29 Bassett furniture 20 21 Diamondhead corp. 7 i Beaman corp in 2 Durham Lite in. 27 29 Belt prod 7 7 Elpa of electric Roll Bilo 12 13 Evgraph inc. 4 is Black kinds 2 non Farmer new Wip life so 52 Branch Bank amp Trust 47 so Fidelity corp of a. 4 4 Branner my. 9 to Pic corp 8 9 Bur yarn 3 4 fir Cit Banka Trutt 440 490 Burlington by at. 12 la feb of Catawba 14 17 Burnup a Sims 19 19 food town store la 20 Burns ind 4 4 Forsyth by at. La none Csc finance 9 to Franklin lit int. 19 19 Cameron Brown it. I Gem financial 7 the Cameron financial is 14 guardian corp. 3 4 Cannon Mill 12 13 Hazelton Rupper 3 4 Carmine food i 1 Heiwig Meyers 4 4 Carolina Cav in 2a 3 Henredon furniture 20 21 Carolina pal 9 i0pfo 103 none Hickory furniture a 4 Caro. State Bank la 19 Hoover co. 19 20 Carolina steel 47 non investment life a to. 2 2 Carolina Wise Flo. I non j b Ivey i 9 Cato corp. 5 6 Jack food 3 3 a Avex Agi of to stocks 21 i my in Lei tin in Dow Jones 30 industrials j a Sono j f Mam j Kenan transport Lane inc. Lane companies Leggett a plan Liberty Bank a Trust Lite Assurance of Caro. Little giant Little mint Loe s companies Mack s stores multimedia a cab corp. No natural Northwest pin corp a Owesn pin inv uts now attn pin inv com now attn pin inv it Occidental life ins Oakwood Homes Wiite pay n save Peoples Bank of Rocky it Phillips pos Cue piece goods shops Piedmont aviation Piedmont real estate planters by Rocky of Public Sec of no Quality Mills Pic corp Rapheil comm. Reid provident labs re plastics Roberts co. Royal scotsman safeguard Auto Salem carpet Sam Solomon sea Pines Security by at. Security finance corp honeys big boy Monoco products s c. National corp. Southern Nat corp. Southern Nat Debs spartan Pood system super Dollar stores Synerson corp Tei Erent leasing textiles inc. Shelhimer Bros. Trans co companies transport data common. Tri South Mort. Was. Triangle Brick unify inc. United Caro ban shares Vermont american Virginia International Virginia Natl Bank Virginia Sav shares b b Walker shoe Washington group West knitting White shield co. I corp. Wright machinery of ilk 20 a 12 21 i 3 Imi 41 a 12 32 9 12 i 14 us 1 2 7 12 31 a 2 is 3 12 19 21 us 23 1 2� 3 i 49 a 13 33 i iou us is 13 in 3 7 in 13 41 2 3 a a 4 4 inflation major housing problem 26 none 9 iou a a 4 4 in 3 i 4v a 5 iou 19 la 13 24 24 to a �?�7 la is 2 Ion 12 2 i 3 4u 19 a 9u us 24 4 3 32 to 4 9 s none a Susu 9u 3 2 s 7 Sun 21 ii 13 27 a 25 22 none 12u 2u 5 3�?T a 12 la 12 3va 2 4 a 4 21 to 20 24 5 4 34 in s 9 a Washington the Basic problem for housing is inflation not the Lack of Money Rex. J. Moreland president of the american Bankers Assn. Aba says. A mortgage interest rates and mortgage fund availability have been in the limelight whenever housing problems Are raised in Congress a Morthland observed. However he agreed with Federal Home loan Bank Board economists that housing credit is no longer a negative element in the National housing Outlook. Morthland is Board chairman and chief executive officer of Peoples Bank and Trust co., Selma ala., and the 88th president of the Aba. He indicated that from 1953 through �?T73, housing costs such As land prices materials taxes insurance maintenance and repairs have skyrocketed. Quot interest rates on the other hand show the next to lowest percentage fuel and utilities show the lowest percentage increase. However Morthland predicts that when the results of fuel and Utility prices for �?T74 Are in mortgage interest rates will be at the Bottom of the scale in terms of percentage Rise. A while lenders seem to have adequate funds for housing at this time a Morthland said Quot a major Factor in the depressed housing sales picture is the High Cost of costs Rose especially rapidly during the past year aggravated by shortages of materials and fuel. Morthland cited the fact that the average new Home that sold for $35,000 in december 1972 sold for $40,-900 in december 1973 a up 16 per cent in Only one year. Quot land costs represent the single most costly item of increase in buying a Home a he observed. Quot during the last to years the Cost of land has risen at the annual rate of 9.1 per cent per year. Moreover lots Are getting school class and is a member of the Church choir. Harris resides on Elaine drive with his wife Barbara and their two sons. Be co a. J. Collins vice president of Stuart industries of Savannah ga., has been elected president of be co associates ind. Be co associates with Headquarters in High Point is a National group of bedding manufacturers composed of 16 individual plants marketing mattresses under the be co Label. Other officers Are Herbert a. Behrens vice president Charles l. Vinson Secretary Gerald , treasurer and Board members Morris m. Freeman and William c. Marshburn. Promoted the Western Southern life insurance co. Has promoted Farland Wallen from the position of Agency director to that of second vice president. Beginning his career in 1939, As an agent with the company Wallen has Over the past 35 years received a number of promotions leading to his new position As second vice president. He a will continue to head the company a Southeastern regional operation in Charlotte which supervises 56 District offices in the surrounding four state area. Locally the company is a represented by j. F. Foster District sales manager four associate sales managers 20 agents and four clerical employees. Meet a Good neighbor of yours sit hut for it your tingly a sunni mods Fred g. Culler Corner North Elm a w tit Wood toi. Ms-4011 Lite Good no Fabor Sorn form a non 1334 Stilt firm insurance compact homa offices Bloomington. Wino a Sono it Mam j stocks Tumble the Stock Market tumbled last week with the Dow Jones average closing at 846.68 Friday Down 31.45 from the week prior. The associated press average fell by 9.3 Over the same period to close at 278.9. Brokers blamed the recent rapid increase of Short term interest rates. My red Cox amp pc America s largest tax service with Over 6000 offices a 823 n main St a a 1020 e. Green 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 Wilbur m. Currie Ciu would like to help i your family a future. J Call him at 885-0623. 9 a m.-9 weekdays�?9 a m -5 saturdays into a i a it in u up a a Protection insurance talk to the int Egon listener. Safeguard your salary and savings when disability strikes. Robert Mccuiston . 115 s. Hamilton St. To. 883-0424 4 int Egon insurance what happens when your Friday leaves suddenly on tuesday the employment specialists if you re caught High and dry with a big work Load Call manpower temporary services. Well get the Job done quickly reliably and professionally. No matter what you re up against. Manpower temporary services Well give you All the help you need. Ollie Industrial Light Industrial technical. Data processing medical denial sales marketing. Phone 883-6171 115 West High St. Clerical 883-0126 Doris Mcdowell Ann France Pat Sowder admin sales tech 883-0121 sales of series e and h savings Bonds in Guilford county during february were $861,126. January february sales totalled $1,409,451. This represents 17.3 per cent of the county a goal of $8,155,645, according to j. E. Pleasants City Volunteer chairman. Sales of series e and h savings Bonds in North Carolina totalled $9,500,973 in february. Series e Bond sales of $9,324,473were recorded. H Bond sales for the month were $176,500. Cumulative sales for january february amounted to $16,096,087. Speech course the management Institute of Wake Forest University will Start of an evening Public speaking course on the Wake Forest Campus on tuesday april 2. Or. Julian Burroughs jr., professor of speech and director of radio station Widd pm at Wake Forest will teach the course from 7 to 9 . Each tuesday for to weeks. A fee of $125 will be charged. Enrolment can be completed in time for the first class tuesday by telephoning the management Institute at Wake Forest. Place a classified and then watch it sell Granville moving it storage phone 882-0151 specializing in local state amp Long distance moving Mali outer office moves packing amp crating household storage your Mayflower agent Granville moving and storage 801 s. Hamilton St. Phone 882-0151 Fred p Newby Stive Foster Gin Sci president Craig Nimby Salis mor Savannah Hiu Shelby von Cannon Ann Armstrong manager lease your trucks this year if. A you want to release capital. A you want to predetermine your truck expenses. A you wont to Cut bookkeeping time and expense. A you want accurate tax records. A you want trucks engineered for your specific needs. Why lease from us because we re your local member of the nationwide Chrysler leasing system. That Means Complete lease service Here or almost anywhere your trucks might go. And we do mean Complete lease service. We have a full time lease manager. Full time service department. Special expert help in accounting financing insurance. So if leasing is for you lease from us. Give us a Call today. 74 Dodge Van economical 225 6 Cyl. Engine tinted Windshield . Front Springs . Rear Springs Driver amp passenger seat dual Sun visors 3 Speed transmission 23 gallon fuel tank plus All Standard factory equipment As Low As i 82 for 36 months per month Call Howard stuffs ildert0n-d0dge car a truck leasing 701-709 s. Main St. Phone 885-4091 amp it i to till it of to ishm ii

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