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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 29, 1963
Page
7
The piece assesses the Kennedy Administration’s 11 billion tax cut from a local angle in High Point. It notes the bill’s progress, and estimates roughly 40,000 of 65,000 residents pay taxes, potential annual individual benefit near 200 dollars, yielding about 8 million yearly and up to 40 million over five years for the local economy.
Ruter and Walters Inc. of High Point become southern representatives for William L. Marshall Ltd. of New York handling exotic hardwoods veneers and solids plus Fineline veneers. The firm also represents E. M. Cummings and Hoosier Veneer Co., expanding options for furniture and plywood manufacturers.
Earle W. Bearwin of Southern Die Cast and Engineering Co. authored a technical article in the October issue of Precision Metal Molding. The piece studies hydraulic fluid effects on die casting quality and Bearwin holds multiple industry roles and talks of a London paper soon.
Dr Fernando Illanes of Chile urges a broad IMF reform advocating higher gold prices, dollar devaluation, expanded aid to developing nations, tariff cuts, and regional trade pacts. He argues liberalization by the 93 IMF members could lift small economies and raise living standards despite inflation fears.
A Hootenanny is planned at Pilot Life Insurance Company Country Club on October 4 at 8 p m. Four area groups will perform The Densmen from High Point The Sandpipers The Crescendos and The Cordovas all of Greensboro Prizes will be awarded at the gathering for home office employees of Pilot Life.
Every year the frigate Old Ironsides is moved by three tugs in a turnaround cruise. The operation pulls the ship from her berth and reorients her for return to center, balancing warping caused by sun and wind.
Detroit AP reports 1964 cars arrive with longer frames and more options. buyers expect luxury features and personalization raising prices. GM and AMC extend wheelbases and lineups as 43 Chevrolet models contrast with 33 last year.
Hopes of a federal tax cut stirred business and finance as the House passed an 11 billion two year cut with Senate fate uncertain. News of 500 million dollars of Canadian wheat sales to the Soviet Union spurred talks on U.S. wheat exports amid broader market gains and mixed economic signals.
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