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High Point Enterprise Newspaper Archives May 9 1974, Page 3

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High Point Enterprise (Newspaper) - May 9, 1974, High Point, North Carolina Tax Breaks May go by Edmond Lebreton associated press writer Washington a the House ways and Means committee has put taxpayers on notice that tax Reform May mean giving up some cherished advantages even the average Man s gasoline tax deduction and the executives specially treated Stock option. The committee beginning the draft of a tax Reform Bill told its staff wednesday to write in a series of changes narrowing advantages in the present Law. But it said these will All be reviewed before the Bill is put in final form for the House. Especially slated for review Are proposals no longer to permit deduction of the weather out Horn Hail Wiatt slave cd. Noaa us opt of comm acts forecast fit Quot Stew Low a ported Umil Friday morning isolated from i Ite it on to indurated co omit Loco foretell state gasoline taxes the first $100 of dividends and of half the Cost of health insurance premiums. These changes All of which affect average taxpayers Are to be judged again later when the staff reports on other modifications that would give Small taxpayers additional offsets for the lost advantages. The committee also ordered drafting of new provisions that would sharply reduce the advantage of giving Stock options to executives. No longer would the extra value of such options enjoy the advantage of deferred taxation and favourable capital gains rates. Charging part of ones Home maintain ence and taking depreciation expenses because some work is done at Home would be subjected to much tighter restrictions. Also tightened would be the rules on taking tax deductions for second Homes such As Beach condominiums or ski lodges when these were rented out part of the time. Business notes Copple named Thomasville Elvin m. Copple has been elected to the Thomasville Board of directors of North Carolina National Bank. James l. Pearce a cab vice president and Thomasville City executive said Copple was elected by the Bank s general Board of directors meeting in Charlotte. Copple is president of Brookdale inc. A native of Randolph county he serves on the Thomasville planning and zoning commission and is a member of the Thomasville chamber of Commerce Myca and Lions club. He is an Active member of St. Paul a episcopal Church. He is married to the former Mittie Jenkins a native of Davie county. Record sales Rainy and mild . To get Clouds that rolled into the High Point area late wednesday and brought thunderstorms Early today Are expected to stick around for tonight and Friday. Rainfall in the past 24 hours amounted to .7 of an Inch. Temperatures will be mild forecast North Carolina variable cloudiness with scattered showers and thundershowers today tonight and Friday. Highs both Days mid 70s to lower 80s. Lows tonight near 50 mountains to Low 60s Southeast portion. South Carolina partly Cloudy and mild with scattered thundershowers today tonight and Friday. Highest today upper 70s to mid 80s. Lowest tonight mid 50s to Low 60s. Highest Friday upper 70s to upper 80s. Because of the Clouds causing slow Cooling at night. Tonight s forecast is for variable cloudiness and warm. Lows will be in the mid 50s. And the chances of rain will diminish to 30 per cent. Friday will be partly Cloudy and continued warm. Highs will be in the Low 80s. Rain probabilities Are 30 per cent. The extended Outlook Calls for a continuation of partly Cloudy skies and scattered showers. Three Day forecast North Carolina extended Outlook saturday through monday partly Cloudy with Chance of showers Over the state on saturday but mainly in the mountains sunday and monday. Gradual warming trend. Highs will average Middle 70s to Low 80s Over the weekend and in the 80s monday. Lows at night 60s, except Middle to upper 50s mountains. $33.5 million Washington apr the labor department says it plans to make $33.5 million available to North Carolina in the next fiscal year to train the unemployed and the underemployed. Grants under the comprehensive employment and training act will allow state and local governments to provide employment training in the classroom and on the Job plus Basic education and counselling. Temperatures by the associated press 24 hours ending at 7 . Est Simion h l or . 71 51 t 79 58 Charl . 74 68 73 59 .14 c. 83 62 g 72 55 .92 g .p.c. 71 58 .05 Raleigh cloy 75 55 Savannah. 80 58 wilmingt�?Tn. 71 63 of new York Arwood corporations earnings from operations will be at least $1.20 a common share in 1974, without considering gains on repurchase of debentures based upon a Quot continuation of present Levels of economic activity and Quot very Strong first Quarter results a Frank g. Lohnes president told Security holders today at the annual meeting Here. Lohnes said that Arwood was looking for record sales of around $38 million for 1974 from its die casting and investment casting a operations in six locations throughout the . Plants Are located in City of Industry Calif. Cleveland Ohio Groton Conn. Tilton . Syracuse . And High Point . Rea Appeal is refused Washington apr the civil aeronautics Board has refused to reconsider its earlier order stripping Rea express inc. Of its exclusive authority to offer air express or priority air freight service. Democrats from Page i a in the general election. Stevens easily won the nomination Over two other candidates who were virtually unknown. Wilson who returned to North Carolina a year ago after having served with presidents Kennedy and Johnson and As president of the Chicago Board of Trade conceded his defeat tuesday night. He called the race an Quot extraordinarily clean Campaign. Quot i know of no scars growing from this primary that could impede the democratic party a chances in november a said Wilson adding that he would support the democratic nominee. Both Galifianakis and Wilson had strongly attacked Morgan As lacking sufficient experience and background for a National legislative position at least in comparison with their own records. Meeting briefly with newsmen Morgan said he was gratified to win the nomination in the first primary because it eliminates a Runoff and Quot its possible divisiveness to the a with a unified democratic party a Morgan added a we can now go foward to achieve a really significant Victory in the november Ervin 77, is retiring when his term expires in january. He had made no endorsement in the democratic primary. High Point Enterprise thursday May 9, 1974 a East mountains carried Morgan Evyann a White shoulders downtown and Westchester mail mothers Day is May 12 the most classic of fragrances the essence of Romance perfects loveliness from the White shoulders collection youth amp Beauty Bath 6.50 and $11 powdered White shoulders 6.50 and $8 White shoulders luxury soap 3.00 and 7.50 incomparable White shoulders perfume 6.50 to $33. Cologne 4.00-16.00 gift sets #100 and #200, 12.50. From Page i a the areas of morgans strength. In a typical Black precinct the 22nd, Morgan trailed Galifianakis. He got 138 votes to 153 for Galifianakis and 42 for Wilson. Morgan prevented the Black vote however from crippling his Effort in the Piedmont. He won the endorsements of Black political action associations in Raleigh Durham and Mecklenburg. All Blacks did not heed the endorsements. But enough did to keep Morgan reasonably close to his opponents in the inner cities. In a White Collar Middle class suburban precinct of Raleigh the 30th, Morgan led the ticket with 295 votes. But he fell Short of a majority As Galifianakis polled 210 and Wilson 212. Morgans strength became apparent in the Blue Collar predominantly White 28th precinct. There he polled a Clear majority of 310 to 147 for Galifianakis and 56 for Wilson. And in a Small Rural town like Zebulon Morgan was the overwhelming Choice with 598 votes to 226 for Galifianakis and 50 for Wilson. Finally Morgan was aided by the Light turnout. About 583,000 democrats voted tuesday in the presidential and gubernatorial year of 1972, 766,000 went to the polls and Galifianakis won. Moreover the turnout dropped off More sharply in the Piedmont counties like Mecklenburg and Wake than it did in Rural Morgan strongholds like Pitt and Madison. Pixies by to i revival Bethel Baptist Church Cox Avenue High Point May 5 May la services at 7 30 nightly Rev. Ervin Hyde evangelist special singing night everyone Welcome. Rev. Darrell l. Cox pastor foe Coc Xith a sip amp a. Of Cam Hoo ggt7 $1 1 or. Harold b. Fighter evangelist revival. May 9 thru la 7 30 . Special singing nightly everyone Welcome colonial Heights Baptist Church 808 Hendrix St. Aff rivet or Tommy Wor Tell. Pastor White elephant rummage Sale largest Sale in the area items to be auctioned or sold new furniture automobiles a toys a chair table hide of Beds sofas pictures appliances a clothing a lamps a fans a old books Luggage Lawn furniture fans a radios Over 5,000 other items used furniture Antiques tires paint bikes bake goods free drawing for prizes each hour. Prizes include tickets to car winds Lakeside land of of free tune Oil changes Etc. Special attraction Bud Osborne and his band. Auctioneers Jimmy Jones Jake Harris Date May la 1974 10 00 am.-5 30 . Place High Point Bank amp Trust co., parking lot Westchester or. Sponsored by the Exchange amp Exchange the clubs Alpha Gamma Delta sorority and Delta Sigma Phi fraternity. Proceeds will be distributed Between the High Point kindergarten for the handicapped and the High Point youth services Bureau. S-9e 4 iss your Happy shopping store Westchester mall a 4 or Quot p i n a. Is a \ i a n i Var i j i a mothers Day wish Floral Spray or a color vibrating Floral Spray print on White blend Aires Batiste by barbican. The perfect gift idea for mothers Day. Abundant Duny Type lace on yokes and edged with lace beading on yellow Satin ribbon. Plus yellow set in Rosette closings at holes. Short shift gown. Is a i $10. Long gown is a i a $12. Pick one or both up today and have it gift wrapped mothers Day is May 12th. Hal

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