High Point Enterprise Newspaper Archives Oct 20 1976, Page 77

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High Point Enterprise, The (Newspaper) - October 20, 1976, High Point, North CarolinaIn Arab Boycott firm participation definition sought Washington a the controversy Over american firms participation in the Arab Boycott of Israel is turning into a debate about just what constitutes participation. The Commerce dept. Says a company that supplies re Quested data to an Arab state is complying with the Boycott. The companies Dis agree Many say they have always traded with both arabs and israelis and plan to continue doing so. More voices were to be added to the debate today. A House subcommittee arranged to question Secretary of Commerce Elliot Richardson about the Boycott and . Government efforts to Stop it. Rep. Benjamin Rosenthal dn.y., who chairs the sub committee has advocated legislation making it illegal for american firms to comply with the Boycott. The Ford administration has opposed that legislation exactly what constitutes compliance has become a matter of dispute since the Commerce dept. Began releasing the names of american companies that do business with Arab nations and sign statements about the Boycott. More companies on tues Day joined the ranks of those complaining that their actions were misinterpreted. Some of the confusion stems from the Way the Boycott terms and enforcement efforts vary from one Arab country to another some of the Arab states re quire Only that companies certify that the goods they Are Selling were not made in Israel or with israeli materials. Sometimes they require that the ships carry ing those goods to an Arab state not Stop off at an israeli port. Thus an american com Pany that makes its goods in this country with Domestic materials and ships them directly to the purchaser can do business with both arabs and israelis and still sign the arabs Boycott documents. Those documents must then be reported to the Commerce dept., which con siders them evidence that the company is complying with the Boycott. The companies disagree. A spokesman for Mcgraw Edison inter National of Elgin 111., said the company does not Dis Criminate against jews and ships regularly to israeli customers who buy its washing machines electrical machinery and other durable goods. The spokesman said that on a recent Sale to an Arab nation the company was asked to certify that its washing machines were not made in Israel and would not go through an israeli port. The company found that without changing its Normal procedures it could respond affirmatively to both questions. What we be done is business As usual and it comes off As a said the spokesman. Official says Laws up insurance rates p1nehurst a North Carolina Laws governing insurance companies have ten ded to com Pound the insurance rate and Market problems an Industry official says. Robert p Russell chairman of the Board of Crum and Forster insurance companies asked North Carolina s Independent insurance agents tuesday to support efforts to end insurance rate regulation in the state. He charged that insurance rates in North Carolina Are set to meet political needs and not the needs of insurance companies. Russell said that Regula Tion of insurance rates is a sort of Price control without corresponding Cost control on such things As Auto parts and medical care. La. Gov. Jim Hunt democratic nominee for governor told the agents that he plans to inform himself completely about the insurance system in North Carolina. We must continue to have Good insurance coverage for the people of North Carolina and the governor has an obligation to see that we do read the Enterprise classifieds Washington Mills outlet great fashions just in time for the Market famous labels first Quality today s fashion by Hay Pence Kay Windsor Jennifer gee Manor House prices Start at 25 97 Reg. To 00 mens first Quality leather look jackets asst. Styles acetate lining pc Reg. To priced from 88 save 50% mens first Quality 100% polyester knit Slacks asst. Colors Waist 29 to 42 Reg. To priced from 6 save up to my family clothing factory prices open . 10 . To 9 . Sunday 1 . To 6 . 145 w. Linden St. Southgate shopping Center located next to sir pizza Eckerd drug food world 100% satisfaction guaranteed Helms campaigns for Ford Washington tap . Sen. Jesse Helms r ., who strongly supported Ronald Reagan for the presidential nomination is campaigning now for presi Dent Ford. Helms assailed Democrat Jimmy Carter tuesday say ing he had made conflicting statements on a proposed Cut in defense spending on taxes and on repeal of the Rig Huto work Law. In a prepared statement Helms said Carter is like the Cheshire you try to get a straight answer out of him or pin him Down to something factual everything disappears but the when Jimmy Carter talks to Helms said he pays a lot of lip ser vice to balancing the budget. But he has already endorsed new government spending programs that would Cost the taxpayers from to billion year in new spending which Carter is telling the truth the self proclaimed conservative or Carter the big High Point Enterprise wednesday october 20, 1976 7a tobacco faces threat Raleigh a an expert says the entire tobacco Price support program is in danger of being destroyed by the overload of Low Quality tobacco placed under govern ment loan John h. Cyrus chief of the Field crops Section of the North Carolina dept. Of agriculture said if things continue the Way they have for the last two years i Don t think there s any question it will destroy our Price sup port the situation he said is the most serious crisis the tobacco program has faced since 1964." the quota system was revamped that year in the face of Over Supply. The flue cured tobacco Wake Forest opens Center Winston Salem a wak3 Forest University celebrates the formal open ing of its new Fine arts Center today with an exhibition of 20th Century euro Pean Art and the opening performance of Thomas Wolfe s look homeward by the University theatre. Cooperative stabilization corp. Received ,295 million pounds of tobacco in 1975, or 18 per cent of the crop. As of tuesday it had been consigned 186.5 million pounds from this year s crop. Fred g. Bond executive director of the cooperative estimated that stabilization could be holding 550 million pounds by the end of the year 80 per cent of it Down stalk tobacco. The ref i ligation s Board of directors approved a Resolution of concern oct. 8 asking that All segments of the Industry give serious consideration to possible solutions to this there has been a skidding demand for the Down stalk Low Quality tobacco for the past two years. When tobacco fails to bring an auction Price one cent or More above the government set support Price growers turn it Over to the cooperative As collateral and receive Loans. Cyrus has called for a restructuring of the Price support system. He said this might mean reducing the Price support on the Down stalk grades and making some adjustment to the up stalk where the leaves Are in greater demand. It will Likely take con Gressional action to make the necessary Cyrus said. He added that the big con Cern now is where we will be Able to sell the overload held by the cooperative. Carrying charges he noted be added onto the tobacco year after year. 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