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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

Oct 10, 1976

Page

9

SoS Business Notes: Local industry and real estate updates

The notes cover October meetings and speakers including A G Al Smith of North Carolina National Bank. It notes personnel moves in insurance and real estate firms, Eastern Airlines appointing Carolyn Davis, Cannon Mills stock purchase, Realtors convention leaders, an AMS seminar in High Point, and Cochrane Furniture shipping program. Also mentions Film Extruders dividend, advisory boards for Food Town Stores, and Schute MacRae Architects merging firms.

American Institute of Industrial Engineers Chapter Kepley's Barn A.G al” Smith North Carolina National Bank Charlotte ByThe Avsosin Real Fi Nenan Transport Mi Lancete Deelers Leggett Bava Little Mintsion Lowe's Co Mack Aerotran Inc Mom & Pop American Furniture Ats Phillips Pref Corp Cannon Mills Carmine Fascis Piedmont Aviation Carolina Cas Piedmont Ae Pinkerton Ae P&l P Caro Steel Corp Pub Svc Caro Wise Foods M Quality Mills Na Caro Corp Ava Ae Ai Central Caro Bank Reid-Provdnt Labs Va Central Vermont Republic Auto Parts Chatham Mig CBS Corp of SC Sma Ry Coca-Cola Co Rex Plastics Cochrane Furth Ava Colonial Life Salem Carpet Comm Bank Conner Homes Big Boy Ganel Internat Ura SC Natl Corp Diamondhead Corp Durham Lite Natl, Corp Wa Engraph Inc Fidelity Corp Super Dailar Store Vy Farmers New World Triangle Brick Po First Union Corp Wa Trion Inc Forsyth Bank & Trust Lalve Unit Inc Bo Frankdtin Lite Tos Wa Cara Banesks Gray Taot Na Universal Focos Guardian Corp We Va. International N Tye Harrelson Rupber Co Va Natl Gank Aliw Heilig Meyers Aa Walker Shoes Henredon Furn Washington Group Figkory Furn Ea ‘West Knitting Corp Inust Lite A Trust de White Shield Co Joey Ba Oh Cory Justin Inds Wright Machinery Sha

Forecasters Voice Confidence On Modest Economic Growth

New York AP summarizes varied outlooks from Citibank Morgan Guaranty and Rinfret Associates as forecasters push optimism about a continuing recovery. Citibank calls the rebound sound moving ahead despite gloom, Morgan Guaranty notes signs of strength and gradual growth, while Rinfret cautions slow, not recession, with 1977 likely a modest positive year unless further stimulus is added.

New York Citibank Rinfret Associates Inc

Congress May Split Big Oil in 1977 Action Hint

New York report says Congress may force big oil firms to spin off drilling refining and distribution units in 1977. White House accepts higher unemployment to curb inflation, while inflation worsens. Financial markets face liberal credit conditions benefiting top firms. AFL CIO circles press White House for quotas or high duties on Japanese TV sets dominating a third of US retail sales.

New York Washington Congress White House Wall Street Afl-Cio Electrical Union U.S

Increased Soviet Trade Would Benefit America

AP Business Analyst John Cunniff reports that more trade with the Soviet Union could rapidly and cheaply transfer technology, create jobs, curb inflation, and help solve social problems like health care. William G Norris, chairman of Control Data Corp, argues trade should be technological exchanges, not just selling products, to advance society and counter U.S. leadership lag.

John Cunniff New York United States Soviet Union Bill Norris

Trade Winds Speculate On Gold Prices In Public Play

Trade winds say gold could rise as price slipped from 109 to 102 an ounce amid public speculation. IMF may suspend auctions. Italy and West Germany push for suspensions while France and Switzerland weigh stabilizing moves. IMF plans another 780000 ounce sale October 27. US stance unchanged. USSR also selling gold to fund imports, pressuring totals.

Noraamericap Alliance NEW York Moneymetal Trade Intelligence International Monetary Fund West Germany IMF Italy Henry Kissinger Africa The United U.S. Treasury Soviet Union

Election Outlook: Recovery Likely to Continue Through 1977

Alan Greenspan and Lawrence Klein, advisers to Ford and Carter, say the election will not derail the recovery, expected to persist through 1977. Bank economists foresee capital spending rising but no surge in the next 6 to 12 months. Wall Street bets Ford wins, driving the Dow above the 1,000 ceiling as a market signal.

York Nana Ford Alan Greenspan Jimmy Carter Lawrence Klein Wall

Spending Plans Read Two Ways In Two Readings

New York reports capital spending rising 74 percent this year, fronting optimism for machinery and tool industries while a cautious view notes a 2 percent real gain after a 5.5 percent inflation rate. The $4 billion Iran and Saudi Arabia arms purchases echo longstanding U.S. spending tied to OPEC prices, presenting the arms as an expensive gift from Americans.

New York Iran Saudi Arabia United States OPEC U.S

Also Mentioned on This Page

Sos Business Notes Robert L. Helton Murray M. White Inc Helton Travelers Insurance Companies Jacksonville Fla Birmingham Ala Peoria Iil Washington, D.C Agency Winston-Salem Hickory Lenoir- Rhyne College Ruth Cleaninger Sherwood Forest Road Eastern Airlines Carolyn Sue Davis Triad Ms. Davis Eastern Area Reservations Greensboro High Point Kannapolis Cannon Mills Co Cannon Gulf & Western Industries Inc William Maxwell Harald Craven N.C Lincolnton Cochrane Furniture Co Cochrane Southern Film Extruders Inc Herbert Edgar Teer Johnson- Dixon Realtors Teer Trinity High School Lees McRae College Guilford College Shirley Princefield Cedarwood Jamestown Lee Institute For Real Estate Training Mary Kidd Nancy High Food Town Stores Architectural Firm John MacRae Leon A. Schute Schute- MacRae Inc., Architects MacRae Schute Robert Carolyn Davis Herbert Morgan Guaranty Trust Co Brentwoodss P.o XEROX Freeman Assoc. Bldg Howard Stutts Larry Forrester William Bell Ilderton Dodge America Norris William G Norris Control Data Corp By Lou Schneider Eddie Knox Eddie Knox Fleet Lease Manager North Main Hiram Lodge Grand Master of Masons Lesley H. Garner Sidney R. Smith Richard A. Sink Vernon SG Equipment Company, Inc New St OH Kivert Dr Caribbean Boheme Puerto Plata San Juan Cap Hartien St. Thomas m/s Caribe Miami Commodore Cruise Lines iCommend World Travel Agency Carolina Motor Club North Main St Lyles Chevrolet 1800 N. Main
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