High Point Enterprise Newspaper Archives Oct 10 1976, Page 76

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High Point Enterprise, The (Newspaper) - October 10, 1976, High Point, North Carolina8a High Point Enterprise sunday. October 10, 1976 business Mirror business notes aide to meet the american Institute of Industrial engineers chapter 163, will meet october 14 at Kepley s barn on . 68. . Al Smith Iii senior vice president of North Carolina National Bank in Charlotte will be the featured speaker. Insurance Manger Robert l. Helton has joined the insurance firm of Murray m. White inc. Asad ministrative manager. Helton who has specialized in casualty and property insurance brings to the firm Many years of experience in that Field. Robert Helton he started his insurance career As a casualty underwriter for the travellers insurance companies in their Charlotte office and served in Jacksonville Fla. Bir Mingham Ala. Peoria 111. And Washington . He was an account executive with a Large Agency in Washington . And As a vice president and manager of the Winston Salem office of Wachovia insurance Agency inc. And most recently operated his own general insurance Agency in Winston Salem. He is a native of Hickory and a graduate of Lenoir Rhyne College. He is married to Ruth Cloaninger of Charlotte and they live at 411 Sherwood Forest Road Winston Salem. Representative Eastern airlines has appointed Carolyn sue Davis a sales representative for the triad area. A native of Charlotte is. Davis has been employed by Eastern for the past ten years in the area reservations office in Charlotte. Carolyn Davis she will be responsible for the sales and servicing of travel agencies and business firms in Greensboro Winston Salem and High Point. Stock Purchase Kannapolis Cannon Mills co. Announced an agreement to Purchase 800 shares of Cannon com Stock held by Gulf Western industries inc. Realtors officers William Maxwell and Harold Craven were among those elected regional vice presidents during the . Assn. Of realtors convention last weekend in Asheville. Mark Martin was named a state director and Alton Stan Ford was named a director of the National association. Ams seminar the High Point chapter of the administrative manage ment society is sponsoring a mini seminar tuesday oct. 12, at Howard Johnson motor inn on 1-85. The seminar will be con ducted by William t. Bill Crews of first factors corp. On finance and credit. Foster shipping Lincolnton Cochrane furniture co. Is attempting to Speed up ship ment to customers by allow ing dealers to sell from floor displays. Dealers in turn can order from Cochrane s computerized warehouse for direct shipment to the dealer s loading Dock and on to customers. Film extruder Southern film extruder inc. Declared a quarterly Cash dividend at the directors meeting wednesday of six cents per share payable nov. L to stockholders of record on oct. 18. Sales representative Herbert Edgar Teer has joined the firm of Johnson Dixon realtors As a sales representative. A native of High Point Teer is a graduate of Trinity High school and Lees Mcrae College. He also attended Guilford College As a business major. Forecasters attempt to build Confidence new York a financial institutions and economic and Stock Market forecasters Here Are seeking to counter the growing con Cern about the Economy with expressions of Confidence that the expansion will continue. Nevertheless some forecasts that appear to be aimed at counterbalancing the spate of weak statistical indicators Are less buoyant than a few months ago. The emphasis on positive news is exemplified by a statement prepared by Citibank the nation s second largest commercial Bank for use in television and radio broadcasts this week. Captioned continuing it begins the nation s business recovery has not run out of steam and should move ahead in the coming months economists at Citibank say the statement continues with an explanation that recoveries from deep recessions and double digit inflation Are never and Thil the Outlook for continued recovery despite the gloom and uncertainty caused by presidential Campaign statements is very in another commentary re leased to professional clients this week. Citibank casts doubt on certain economic measurements that contributed to the Sharp decline in the composite Index of leading indicators in August. It called some of the ingredients of that indicator somewhat suspect and said any substantial degree of pessimism is in it concludes thai the Economy will follow the same moderate course it has for the past three since the past three months have generally been thought to represent the so called pause the forecast of a continuation would appear at least superficially to mean a future Economy that is less than vigorous. Morgan guaranty Trust co. Issued a news release that began with the optimistic reports that signs of renewed strength in the . Economy especially in the consumer Are be ing noted. It states that the Economy gives signs of hav ing shaken the summer doldrums and of settling into a satisfactory growth phase one that is slower than Early this year but nonetheless solidly Rinfret associates inc. Notes that in the simplest of terms the Economy is slow ing Down unemployment is rising areas which should be picking up at this stage of the business Cycle Are not. It concludes however that a slowdown is not to be con fused with imminent recession the Economy is advancing slowly hesitantly and cautiously. A recession is not in the offing but neither is a vigorous economic expansion it looks As if 1977 will be Congress May split big Oil new York Nana there Are trustworthy Washington hints that Congress will act in 1977 to Force big Oil companies to spin off various parts drilling refining and distributing. The White House believes that High unemployment Levels will have to be tolerated for several years in order to keep the lid on inflation. But inflation is gathering strength and getting worse instead of better no matter How Wall Street economists try to explain it away. It s no secret that top rated companies can raise All the Money they want and at Low interest rates while the have not get a cold shoulder from managers of the capital markets. The financial Trade winds report a glut in the cd radio Market with a Price War developing while dealers push and shove to unload accumulated sets. There s a move afoot in Al Cio electrical Union circles to Force the White House to impose quotas and or High duty rates on japanese to sets which now Are said to control More than one third of the . Market retail sales volume. A positive year but unless additional stimulants Are put into the Economy it will be a modest growth Herbert Teer Teer is married to the former Shirley Brincefield of Greensboro. The family resides in the Cedarwood area near Jamestown. Teer has been involved in construction for the past twelve years managing the construction of residences apartments and commercial buildings. He is also an architectural craftsman and has been responsible for the design of Many of the buildings he has constructed. He is a graduate of the Lee Institute for real estate training and has been licensed As a real estate broker by the state. Advisory Board Mary Kidd and Nancy High have been appointed area representatives to food town stores customer advisory Board for the High Point area. The Board will draw on the professional expertise of Home economists to Survey customer opinion. The Board will report to management which will make changes where needed. Architectural firm Greensboro architect John Macrae has assumed responsibility for management of the architectural firm of the late Leon a. Schute. The name of the firm will be changed to Schute Macrae inc., architects. Macrae will acquire the firm gradually with Macrae s Greensboro and the Schute firm each Servic ing its own clients through combined facilities. Stock quotes the Agio Ciamp Pretli quotations from the National Assoc action of secur tips dealers Are representative me dealer prices As of approx motely3prn daily prices donor include retail Mark up Mark Down or commis Sion Aero Ron inc american furniture All Pepsi Ftp Bankers. Trs of so Bassett furn. Bilo Blacks kinds. Branch corp Brenner ends. Burnup Sims Burris kinds Cannon Mills Carmine foods Carolina Cas ins car ps.l9.10pfd Caro steel corp Carow Lse foods Calo corp Central Caro Bank Central Vermont Chatham mfg. Corp of s c coca cola co cons Cochrane furn colonial Liucci b comm Bank Conner Homes context Daniel internal Diamondhead corp Durham life ins Evgraph inc Fidelity corp. Of a. Feb of Catawba food town Farmers new world first Union corp Forsyth Bank Trust Franklin life ins Gray tool guardian corp Harrelson Rud Berco Heing aayers Henredon furn Hickory furn Brwst Lite Trust j b Ivy Justin kinds. Bid Fol 1 m Ioc 22 17v4 in 16v3 6 a Lovi 14v4 6v4 9 21 3 it 15v, 11 Elyj 3 20 a it a u 2pa 31 ii 2 Kenan transport Lance inc Lane co Leggett Plait Little giant Little mint Lowe s co Mack s stores mom pop s multimedia a cab corp no natural Gas Northwest Fin inv is Northwest Fin corp Occidental life ins Peoples in kit Ray it Phillips Foscue corp piece goods shops Piedmont aviation Piedmont reit units pm Kerton club pints nil by Ray my pubs col no Quality Mills Mic corp Reid provent labs Republic Auto parts ring around prod rival mag Rex flashes Salem carpet Sec merchandise honeys big boy Monoco products so Nail corp Sou. Film ext Sou Nail. Corp super Dollar stores Gelerent leasing textiles inc Thal hirer Bros Triangle Brick Trion inc unit inc. In Caro Banchs Universal foods a. International a. Natl Bank b b Walker shoes Washington group West knitting corp White shield co. Wix corp Wright machinery 21v4 com a 25% a 11% 11v4 2va 3 7ft a Vic 3vb 33 7 3v4 4v4 4 36 16 Iva ii 1p4 9v4 10 8v. 22 2li 3 2p4 13i 26 i 4% Ujj a Iff i 3v4 13-Ti 3 a 8 Jib 14 19 .4 150-i in 19 4 11 i 1ib6 la to 77 models now arriving year end savings on 76 models in Stock. Discuss your lease or Purchase plans with Howard Stutts Larry Forrester or William Bell. It makes All the difference in Che world when you lease from us Chrysler Ilderton Dodge jul a am Isican of in jul s a american of High Point 885-4091 increased soviet Trade would Benefit America by John Cunniff a business analyst new York a the United states could acquire technology quickly and in expensively create jobs undercut inflation and work toward resolving Basic problems such As better health care by increased Trade with the soviet Union. That s Bill Norris View Trade winds and when he expresses a View it sounds just like that a statement standing cer Tain alone and without qualification or attribution. After a pause he might add some punctuation Damn Norris is William g. Norris the who built control data corp. Into a giant computer and finance company of which he is chairman. He feels strongly about Many things particularly about the benefits of soviet Trade. His concept of beneficial Trade is to Exchange technology rather than simply to peddle products alone. We must address the priorities of he says listing among them food Supply water Conser possibility to speculate on Gold prices present by Lou Schneider North american newspaper Alliance new York Money Metal Trade intelligence has it that the speculative ele ment saw the possibility of a Gold Price play when it slipped to an ounce from its lofty figure and used All Means of publicity to win a Public following. Their biggest Bull Price talk was that the inter National monetary fund would suspend or stretch out its auction sales. Moreover it was said West Germany s Central Bank will accede to the italian government re quest for the if to suspend its Gold Metal sales. Italy holds a larger proportion or its reserves in Gold than any other european nation. Every time the yellow Metal Price Falls Italy writes off another billion from its Central Reserve. France too owns a election won t Hurt recovery new York Nana president Ford s chief economic adviser Alan Greenspan and Jimmy Carter s chief economic adviser Lawrence Klein agree the election will not Hurt the recovery which they expect to continue through 1977. Bank economists agree capital spending is Likely to climb but no surge is in the making for at least the next 6 to 12 months. Wall Streeter report wagering Money favors Gerald Ford to win the elec Tion and that s what is said to be behind the recent Dow Industrial breakthrough of the heretofore Index ceiling. They say it s a Ford Victory Market. Huge Block of Gold. And the Gold speculators ballyhooed that Secretary of state Henry Kissinger s african diplomatic shuttle trip worked which meant Africa s balance of payments position might not be Hurt. That problem become severe once Gold drops below an ounce. Moreover the Swiss Felt that for the Good of foreign deposits in european Banks the if should seriously try to stabilize the Gold Metal Price by skipping an auction or two. The Gold speculators got the Price of the Metal up to ?122 an ounce from the Low. But it was just a speculative said an if source. The if was t impressed. Factually it announced another ounce auction to be held october 27 fourth regular auction same volume As previous three. Add note the United spending plans can be read in two ways new York Nana capital spending plans for a 7.4 per cent increase this year can be read in two ways optimism in that it will Benefit the machinery and tool industries and Cau Tion in that because of the 5.5 per cent inflation rate it is Only a sluggish two per cent increase Over last year. The some billion planned Iran and saudi Arabia buying of .-made military Hardward in t new Money spending in the United states. It comes from americans paying High fixed monopoly prices for open Petroleum. Thus the arms Are an expensive . Gift to those countries. States which by itself has been encouraging the if auctions has turned a deaf ear that the sales volume and Pace be delayed or scaled Down. A . Treasury spokesman said there has been no change in our inter National monetary policy of eliminating Gold from the International monetary the if will continue offering up to million ounces Over the next two years about one sixth of its holdings every six weeks to finance Low interest Loans to underdeveloped countries. But each Price drop reduces the fund s loan potential. And at the same time the soviet Union is a seller of its newly mined Gold to pay Cash on the barrel head from such imports As foodstuffs and electronic equipment. The volume of russian sell ing is in vation Energy development and a broader distribution of health care benefits. This is the Norris thesis technological innovation is the underpinning of modern economic society the process that brings us new products and More efficient anti inflationary methods. In the United states it is slow ing Down. We no longer Lead. We must bring about a the soviet Union has More scientists and engineers creating new knowledge than any country in the world. It budgets billion a year for developing technology. It operates technological institutes. Americans sometimes fail to give the soviets proper credit. Americans Are con Vinced Thev Are the Best. Hiram Lodge no. 716 emergent communication official visit of grand master of masons of ., . Lesley h. Garner meeting on tues. Oct. 12th . Dinner will be served it 630 . Sidney r. Smith master Richard a. Sink Sec. Folding leg tables and folding chairs dependable economical shies 100 top surface Hoitsu amino 30 i7r who 30-.96" j34.50 Formica if Fps is 00 Tiara pkg All l steel chairs adult or. Chair 15" primary 5.90 5.70 5.50 in Stock for immediate pickup i . Lil i f if my. I the Vernon equipment company inc. Of or 885-4615 Highland leasing Eddie still does t Knox and neither do his cars. Contact Eddie Knox Fleet lease manager Highland Olds Cadillac 2506 North main 869-7111 to i one Teek cruises to the Caribbean getaway vacation free of care on the Happy is Boheme. Visit the Caribbean s tour most unique ports puerto Plata san Juan Cap haitian and St. Thomas. From per person. For the Solo traveler the sports oriented Caribe sailing from Miami weekly to four tropical resort islands. Single Cabins at no extra Cost. Doubles also available. Nov. 20-april 23, 1977. From 5350 per person. Fly easy Commodore cruise lines brings you to Miami free West German registry. Send for details name _ _ address Telephone travel Agency Carolina motor glub 759 North main Point . 27262 3 Tel. 919 882-8126 s i 5int Blu printers a 2060 Brent Woods High . 27261 . Box 2103 phont885-4034 have a cup of Coffee on us while you wait you May not have time to finish. Fast. Quality offset printing single or multicolour offset Xerox copies Anc Blue line prints made any time the High Point of service and savings phone 885-4034 in the Freeman Assoc. Bldg. Lease from the Leader Lyles Chevrolet negotiate your 1977 leases now 1977 prices Start at per month tour savings satisfaction dealer Chevrolet co. 1800 dealer 1840 phone885-5171

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