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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 31, 1976
Page
7
New York analyst view portrays a stagnant economy under Ford with consumer worry over jobs and inflation. Indicators show weak retail sales and cautious business spending while unemployment may rise. The piece argues leadership, not new legislation, can revive confidence and spur activity.
New York reports blame uncertainty for stock price debacle as buyers sit out and technicians fear drops. Prominent figures including William Simon and William Seidman offer cautious views while Burns notes a long term cycle. Carter adviser Schultz cites reduced federal spending as a cause of slowdown.
New York report outlines two lines of thought from economic advisers on the presidential race. William Seidman signals limited stimulus, arguing the economy is progressing toward steady recovery without sharp boosts. Jerry Jasinowski counters, advocating a $15 billion pump priming to accelerate growth amid persistent inflation concerns.
Lloyd Garner prepares to launch New Car Supermarket at 116 W Broad St with real estate and investment arm. Office hours are 9 am to 6 pm Monday to Thursday and Saturday, extending to 9 pm Friday. Garner markets a new concept in marketing and distribution of American made vehicles as a buying broker offering discounts and local service. He has 15 years real estate brokerage experience and recently completed brokers' school with Detroit Auto in Atlanta.
An open house today from 2 to 5 pm marks the opening of the new Charles Dixon and Co Realtors at 660 N Main St. Refreshments and door prizes at 5 pm. The firm, formed Aug 15, is a full service company. Staff includes Charles H Dixon, Jerry Misenheimer, Martha Odell, Cora Lee Landreth, Gloria Jacobi, and Sherren Tucker.
Judy R Key is promoted to vice president at Hayes O Ratledge & Associates to coordinate Adventures In Attitudes with the High Point office. Joseph S Manning named general manager of Fli-Back Co. in High Point after roles at Imperial Toy Sun Rubber Moscon Toy and 30 years in toy manufacturing. Dr Per Stensby of Ciba Geigy in Greensboro honored for soap and detergent technology. Kenneth B Hedrick elected NPSE secretary for 1977 term. AMF Inc. earnings rise 64 percent in Q3 1976. James J Parrish named customer services manager at RJR Archer packaging unit. Armstrong Cork dividend declared. Cummins reports Q3 earnings 15.779 million. Norfolk & Western Q3 earnings 19.9 million and director Robert Neuschel elected. Robert Flowerree named Georgia-Pacific chairman and CEO. earnings goal set at 400 million by 1982. Kemper Life Insurance issues exceed 1 billion in policies. Burlington Industries promotes controller to corporate EVP. Miriam Williams and Robert Underhill receive associate general counsel roles.
Piedmont Aviation Inc posted net income of 1,966,809 dollars or 78 cents a share for the third quarter of 1976, up 42.5 percent from 1975. Gross revenues rose 11 percent to 50 million dollars from 45.1 million.
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