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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

May 19, 1974

Page

3

Report Shows Small Businesses Deprived By John Cunnify

A report to Congress by the National Small Business Association claims big firms and interests squeeze small and medium businesses. It cites Census figures showing the eight largest companies control most shipments in many industries and argues policy favors giants over entrepreneurs, urging action to restore equality of opportunity.

John Cunnify New York National Small Business Association Association ITT Congress Small Census Bureau

Trade Winds Profits Decline Seen As Likely By LOU SCHNEIDER

New York based analysis notes 1973 and 1974 profits relied on inflated inventory margins. Experts warn higher costs and a slowing economy will shrink corporate profits through 1974 and little gain in 1975. Senate panel approves consumer complaints agency bill to aid enforcement.

Lou Schneider Alliance New York NANA United States Trust of New York James O'Leary Washington Senate Government Operations Committee Senate Commerce Committee House Senate

North Carolina business notes and local openings update

Greensboro firm appoints Darrell Sechrest as president effective June 1 with Bob Parrish as executive vice president. Piedmont real estate speaker B C Fowler to discuss IREM committee work in Winston Salem. Winston-Salem Zayre store set for a May 22 grand opening at Pinebrook Plaza. Nancy Westmoreland wins all expenses paid Las Vegas trip for top Sarah Coventry sales. Bobby Sharp joins Pine Hall Brick as regional sales rep. Administrative Management Society names Charles Elmore Jr. High Point president with officers installed by Arthur Steere. Federal Reserve survey shows Fifth District banks’ loans and deposits movement in early May with mixed gains and losses.

Darrell &. Sechrest Smith/Broadhurst, Inc E. D. Broadhurst, Jr Greensboro Bob L. Parrish B. C. Fowler Piedmont Chapter Institute of Real Estate Management Bermuda Run Country Club Winston- Salem IREM Chicago Fowler

Weekly Stock Chart Shows AP Average Decline

The AP average of 60 stocks fell 8.9 points in the past week, closing at 257.4, after last Friday's 266.3. The Dow closed at 850.44 as a quiet week was disrupted by a prime rate increase. Federal reserve data released Thursday signaled money market pressure and banks raised prime rates Friday, deepening the week's slide.

Federal Reserve

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