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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 12, 1977
Page
7
W Ray Shockley executive vice president of the American Textile Manufacturers Institute says high wages and anti pollution costs push U S firms to rely on tariffs. He urges excluding tariffs from talks and suggests quotas to shield American producers from cheap imports amid a large trade deficit.
North Carolina will implement a new milk pricing formula on November 1 tying farm milk prices to an economic index. The change raises farm prices from 11.48 to 11.63 per 100 pounds and limits required petitioning, with latitude to suspend if needed.
Jones and Presnell Studios Inc. in Charlotte recovered from liquidation threats after adopting an employee stock ownership plan. The firm, once hit by Grant bankruptcy and outlet losses, now operates more locations with 100 percent employee ownership. Wesley O. McGee cites higher morale, productivity, and cost control as ESOP benefits.
A bank advertises home equity loan benefits noting that homeowners can borrow more against their equity with lower monthly payments. It promotes NCNB and its affiliate NC Mortgage Corporation offering financing for homes and other purchases to become the customer's sole bank.
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