Rocky Mount Telegram from Rocky Mount, North Carolina • 23

Telegram Financial Focus Private Placements Rare Business News MR. BUSINESS OWNER paying too high price for too littlo INSURANCE protection? With our sptciol policies you get tht BEST for IESS. RON PRICE AGENCY 977-9716 Station Sqvar Rocky Mowrt, N.C. TelegrM By I MEG. 1 TV' investor $25,000.

In addition, the income generated from the property usually will provide some tax sheltering. As you can see, this financial alternative is not designed for the neophyte investor. In recent years, the IRS has declared some tax Keep Your Office WallStreet Window OPEC Can't Control Prices -I i Running Efficiently With A T0S Temporary Secretaries Receptionists Typists Bookkeepers File Clerks Data EntryWord Processors Call rTemporary Office Specialists-, 1 -446. 1848- 118 N. Main St.

has disallowed the tax A.n25rhSi benefits the investment 1 promised. It is therefore, lllv vital you know not only S0Ieeian decisfon to the representative from toTmStetBdoridne whom you purchase the 'a Tfit to with thi private placement, but Sion If Britain also the reputation of the "a'n firm he or she represents. Ltf IZ wnriH-i nil You also should consider ould be Driced bv the the advice of a qualified traa npPr L.ni A tax consultant. Smand la decS Don't be dazzled by "a 5 unrealistic promises of in fhi T.m questionable promoters. rJLil ae tha The key criteria when weaker countries considering investing in ihpnrfpi one of these types of ftn instruments are whether it is a sound investment nHPrWvrthPr and whether it offers a'2n, i some tax benefits.

If the i Led markT investment cannot stand HrZ' on its economic merit, "rifi' wt you probably would be TnfPr better off to pay your Crude on the New York WHERE DO YOU TURN FOR FINANCIAL COUNSELING? 1 Many investors are Interested in tax-sheltered investments which are offered as private placements. -r, i racuiienngsiaiiunuer the Securities and Exchange Commission (SEC) Regulation D. and they only can be offered to qualified investor. The income and-or net worth cnl1 out in the private placement' memorandum which serves as a prospectus for these Instruments. Typically, fewer than 100 investors are ad- milled in a private placement therefore, the amount of each in- dividual investment is usually large.

Also, the investment usually is made over a period of years, and this is why the income of an investor in a private placement must be substantial now and in the future therefore, the investment representative must be reasonably sure that the investor is financially able to afford the annual installments. In return, the investor receives an cuiiaiuvc laA nrocani anH iitnrp vpars pi tuviu him i mimi vh. A typical example of a private placement might be an apartment complex Innatori in Anvtown Is Named The law firm of Fields, Cooper and Henderson announces that attorney Roy A. "Coop" Cooper III, a former associate, has now become a partner and that the new firm name is Fields, Cooper, Henderson and Cooper. Cooper earned his' B.A.

and juris doctorate degrees at the University oi Norm caroiin at Chapel Hill, where he was a Morehead Scholar and Chief Justice of the UNC Student Supreme Court. He is currently legal counsel to the Rocky Mount Jaycees and a deacon at First Presbyterian Church in Rocky Mount. He and his wife, Georgeanne, live in Rocky Mount. The law firm began as Fields and Cooper in 1959 when attorneys Milton P. Fields and Roy A.

Cooper Jr. formed a partnership. In 1964, the firm became Fields, Cooper and Henderson when attorney Leon Henderson Jr. joined. UBUL imM UVer me laSl Several il I a 1 Mprvantilo Vvnhznaa Mercantile uxenange is so far below the majors' posted price that it fiA, thaf a' I1UCIICC Uldl ine pnte Can go only one way.

Longer- term contracts are at Mount Cord Co. employees for their most impressive work record at the i 1 Harbor! Brown, Jackie Marlow 823-6439 Frd Parrlih, LUTCF 446-6801 LUTCF 442-BV42 I DENNIS HOLLIDAY Holiday Promoted Dennis H. Holliday Jr. has been promoted to assistant cashier at Planters Bank in Rocky Mount. Holliday joined the bank in 1979 as a computer programmer.

He currently functions as a senior programmer-analyst. Prior to coming to Planters, he was a programmer for Eastern Services Corp. from 1968 to 1978 and an assistant tax assessor for Halifax County from 1978 to 1979. A native of Enfield, he attended East Carolina University and received an associate degree in data processing from the Raleigh School of Data Processing in 1968. A check every as long as you live Guaranteed retirement income from Modern Woodmen.

t. 2, Boi 249-A WMtakari, NC. Ottic 443-1338 HdWi 443-3789 MOOCRN WOOOMUJ OF WtRICA SINCE 1883 njmm JUDY LEONARD Rust ell Cupton, IUTCF 443-4734 BOWIE MtRTIN ir USA uihiph nviuiroe on individual annual in- vestment of $50,000 for the next four to five years, Such a property is generally held for seven to 10 years, and then sold, hopefully, at a profit, During this time, the investor could expect to receive a portion of the income the property produces, equity build-up, appreciation potential and, in addition, an an- nual tax write-off Over the holding period, the investor possibly could write-off the total amount of his or her investment. This would mean if $50,000 were invested, $50,000 possibly could be written- 0ff over the life of the placement. For an in- Vestor in the 50 percent iax oracsei, a.uuu in IdACS VIUU1U UC MVCU, And, if you look at a private placement in those terms, a $50,000 Imlmont nnlv ond the Ill V4 IIVIIW UIIIJ VViJV "V- Partner ROY COOPER III The firm operates a general practice of law with emphasis on personal injury, civil litigation, criminal, domestic, will and estates, corporate and real estate work.

Fields, Cooper, Henderson and Cooper has offices in Rocky Mount and Nashville. KEN HARRIS stitute of Banking, president of the Onslow County ECU Alumni Association and treasurer of the Onslow County Pirate club. Harris is married to the fomer Julie Carignan, also of Rocky Mount, and they have a daughter, Katherine Harris. l. 1 jltL taxes anu leave ine ns 10 i fJVIlllWHC CISC.

(Bowie Martin is an investment represen tative with Edward D. Innpc Pn VVIIVi Vfc vv. HONORED -The High Performance Quality Circle recognized its fellow Rocky Cord Co. Nineteen Rocky Mount Cord Co. employees with over 560 years of experience were honored by the High Performance Quality Circle at the company's annual Christmas-Quality Circle party.

Recognized for their impressive work record Your accountant? Your lawyer? Your banker? Good choicef But you may be overlooking another important ource of professional help In your financial life. We are highly trained and service-oriented professionals who tay abreast of market trends and changes in the tax law that could affect our clients' financial planning. Besides your personal security, we con bring you help in your business with IRA's pension plans, buy-sell agreements and executive compensation packages. When you have problems and you're looking for answers, look to us. EASTERN CAROLINA PITTMAN AGENCY 600 N.

Grace St. 446-3336 Algla Blackwell 977-3813 i LIFEOF VIRGINIA JERRY ROBASSE i en i in miMif Honors Employees MmMwer Harris Elected Veep jasnawnnt marketing it. No nation could sell any oil except to this new corporation. It would have, absolute control. It would even nave the fight t0 refuse to accept shipments, forcing nations to cut production.

This would be well beyond aflre "if Vreaay PrcP0860- To date, OPEC has "ever been a true cartel, merely a loose association of. countries witf similar interests, The enormous impact it had on prices reflected the prevailing market structure and a vulnerable supply-dem- and situation rather than OPEC's organizational genius. Now it must act 1'ke a cartel, or fold. The countries involved must surrender some sovereignty or the price of oil will go down another notch, or more, Jeff O'Quinn is an investment broker with Dean Witter in Raleigh. Firm Has Best Year Wrapping up its best year ever, Metropolitan Life Insurance Co.

reported that 1984 personal insurance sales set records in North Carolina. Personal life insurance premiums totaled $4.99 million last year, which is a 46 percent gain over the previous year. The face amount of life insurance issued in the state totaled more than $356 million. Regional sales manager Bob Powell, CLU, in charge of Metropolitan's North Carolina region, attributed the year's success to a broadened multiline portfolio of competitive new products, including universal life, increased standards of performance, deeper market penetration through a repositioning of sales offices in high-growth areas and streamlined operations through the use of state-of-the-art computer technology. Powell also attributed his region's record-setting pace to the company's continued committment to its career agency system as its primary source of new business.

"Our outstanding sales year is further proof that the agency system continues to outperform every other distribution system available to the insurance industry." Ryder Tabs Kitty Gay Kitty D. Gay has been promoted io administrative supervisor in the Rocky Mount district office of Ryder Truck Rental inc. Gay, formerly district secretary, has been with Ryder since 1974. In her new position, she will be responsible for monitoring all administrative functions of the district. She is a graduate of Whitakers High School and Carolina College of Commerce, where she received a degree in business accounting.

She is a member of the National Secretaries Association and the First Baptist Church. Textile plant production workers averaged 39.6 hours per week in November, uo 0.5 hour from October but down 1.8 hours from a year ago. Gross average hourly earnings of $6.47 were up four cents over the month and 25 cents over the year. Gross average weekly earnings, at $256.21, increased $4.80 from October, but decreased $1.30 from November 1983. Raleigh Firm and loans in North Carolina, South Carolina and Virginia, officials The buyer is Mabon, Nugent a 500-employee New York- By JEFF O'QUINN even lower prices.

The crowd may be right in this case, but the penalty for being wrong is mounting. It may be wise, therefore, to change our point of view and put ourselves in Yamani's shoes. The wily sheikh knows that OPEC can no longer talk the price of oil up. It must act boldly. The key to even partial success lies in OPEC's becoming "one seller." That is what monopoly means.

Right now each country controls its own marketing, so there are 13 different sellers, and all cheat. What is needed is a new corporation that would buy all of OPEC's oil and take sole responsibility for annual Christmas-Quality Circle party. (Contributed photo) years, Mary Joyner, 31 years, Vertice Joyner, 21 years, Frances Pittman, 24 years, Elizabeth Rose, 36 years, Cleo Sellers. 35 years, Artis Skinner, 26 years, Clifton Turner, 38 years, Nancy Viverette, 22 years and Margie Walker, 31 years. McMmn Promoted Empire Brushes announced the promotion of Merle C.

McMillan to production-materials m-anager. McMillan will have responsibility for inventory levels, production planning and scheduling, plus the receiving department. He will report directly to vice president of manufacturing Jim Sloan. McMillan came to Empire last year from Abbott Laboratories. He has also been employed with Burton Parsons Reward Ceramics and International Playtex.

He studied at LaSalle University and graduated from Ohio State University with a degree in business McMillan and his wife, Susan, are living in Rocky Mount with their son, Michael. Their daughter Karen is a freshman at East Carolina University. southeastern states recorded over-the-year employment reductions. North Carolina lost 14,800 workers, followed by South Carolina, with a reduction nf 4,700, Alabama, with a decrease of 3,300, Georgia, off 2,100, Tennessee, down 1,500 and Florida, a reduction of 300 workers. Employment levels in Kentucky and Mississippi were unchanged.

Purchasing RALEIGH (AP) A Wall Street securities firm is buying Capital Discount Brokerage a Raleigh-based firm that provides brokerege services to 103 savings; -v 1 Chesson Promoted WE GUARANTEE PICK UP DATES AND DELIVERY DATES CALL SECURITY TilAYFLOWER 442-0229 Ken Harris has been elected assistant vice president of Wachovia Bank Trust Co. in Jacksonville. Harris joined Wachovia in 1978 as a regional auditor in the Greenville office. In 1979, he accepted new responsibilities as a personal banker in Jacksonville and later that year was promoted to branch manager and elected banking officer. In November 1983, Harris became retail banking manager in Jacksonville, his current position.

A native of Rocky Mount, Harris a 1978 graduate of East Carolina University. He is a board member of the southeastern chapter of the March of Dimes, the Onslow County United Way and the Onslow County 4-H Club. He is president of the Onslow County American In- GREENVILLE, S.C. David M. Chesson has been promoted to senior vice president at Leslie Advertising in Greenville, S.C.

He was formerly vice president-account supervisor. A Leslie employee since 1977, Chesson has a strong background in marketing, sales promotion and were: George Barnes, 32 years, William Batts, 40 years, Lula Bone, 27 years, Arthur Braswell, 24 years, Kenneth Car-michael, 32 years, Joe Colbert, 44 years, Daniel Denton, 34 years, Thelma Evans, 21 years, and Steve Hoggard, 20 years. Also, Ethel Joyner, 26 DAVID CHESSON Uma Club and several chambers of Commerce and Merchants Associations. He is also a jdent of the Ameran Advertising Federation of Asheville flnd ormer director of motion for the United ay. Chesson is married to the former Anne Williams, also of Rocky Mount and they have two children, Jared and Jennifer am Only YOU can protect your business records.

(Vtn't nat hi irna4 dot morti fied fire protection for those vital records today! Isn't your business worth the small investment? Without documentation Insurance claims may be denied! Accounts receivable may be uncollectable. Contracts may not be honored. And that's just the beainnina. If you don have protection for your valuable records, your entire business could go up In smoke. Most businesses that suffer a major fire must close their doors forever.

advertising. Before joining Leslie, he served as sales promo.tion-marketingmanager for Sears, Roebuck Co. of Asheville for 14 years. In his new position, Chesson will pursue new business acquisitions and will supervise the account service staff in training client communication and account development. During his employment with Sears, he received the Southern Territory Sales Promotion Award of Excellence" and "Best Plan to Sell Award" on three separate occasions.

Chesson is a native of Rocky Mount and a former first lieutenant in ii ie iauuiiai uuaru. ne has served as a member of the local and regional board, of directors of the SINCE 1(2 2521 N. Church Street Rocky Mount, N.C. M.INTV Of Kit MMINO TVMOVIES Entertainer A handy supplement each Friday in The Telegram Save Up To 35 ON YOUR LONG DISTANCE CALLS Textile Employment Drops or Third Straight Month Crossword Answer WITH rVmc (TELAMARKETING COMMUNICATIONS. UK.) WHAT IS TAAC? TMC is TeleMorketing Communications, 0 company providing long dis-tanct tolophone sorvice at considerably reduced rates.

We are able to access every telephone in the united States through our system of economical WATS lines. WHERE IS TMC AVAILABLE? Rock, t0. uL- ville, Spring Hope, Enfield, Whitakers. HOW DOES TMC DO IT? TMC is able to offer this great new service by gaining oetess to the Bell network system of WAT5 fines. FOR MORE INFORMATION Fill OUT THE BOTTOM PORTION OF THIS AD AND SEND IT IN OR CAU OUR TOIL FREE NUMBER, 1400-722-7237.

John Allen Farfour Territorial Manager lIBIIIMIIIllBIIBISIISBainillllBEailKlllHMIMIIIHIiai NAME jmm MlARESrlR ADARS JLIi.OJIJ. iLii lwl A MO ABO A JL LA PUN PVj EL I TEjAR'lD 6p 3 "A sIt A Fr ID OS A 8 J. o. J. JL Ji jrfc pj A DO Ft E8 JE JV J.

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Ji ROTA A BATE jA EC jj jB Ijl JL Ji JJ JSJEjS VjO ST rTT I Aj bI eI sl Ti eIxIeIrIt-JaisIsI El Nlfi 1 SI El I Southeastern textile plant employment declined for the third consecutive month in November, according to Donald M. Cruise, regional commissioner for the Bureau of Labor Statistics, U.S. Department of Labor, in Atlanta. The November employment level of 501,700 (not seasonally adjusted) was down 2,600 from October and 26,700 from November 1983. Over-the-month decreases occurred in Alabama, Florida, Georgia, South Carolina and Tennessee, while gains were recorded in North Carolina and Kentucky.

Employment was stable in Mississippi. Six of the eight Service interested for Residential Both AOORf SS CITY Moil To: 111 WM tarfMI St. III till Please Check Business Urn N4.