BUSINESS Digest

National

News Summary

New Faces: A Guide to Fresh Talent in Town

Article on NYC's good-government groups; groups discussed are Citizens Budget Commission, Citizens Union, City Club, Community Service Society, Women's City Club and League of Women Voters; illus of some civic group leaders (L)

Good‐Government Groups Seeking to Expand Their Influence

Pres Carter to fly to Vienna on June 15 to sign SALT treaty

CARTER WILL MEET BREZHNEV JUNE 15

After initial bout of anti-Americanism Taiwan appears to have adjusted to Pres Carter's decision to sever diplomatic ties and establish them with People's Rrepub (M)

Taiwan Adapts to Break by U.S.; Economic Signs All Pointing Up

NYC Mayor Koch and retinue of top dry officials and entertainers make formal pitch to Dem Party's site-selection com to chose NYC for party's '80 Presidential conv; labor leader Harry Van Arsdale promises there will be no work stoppages during conv, and Preston Robert Tisch, chmn of NY Convention and Visitors Bureau, promises 4,000 more hotel rooms then in '76; final decision is expected to be made by Pres Carter, with political considerations constituting a crucial factor; other cities in running are Dallas, Detroit and Philadelphia; Koch illus (M)

New York Sings Siren Song to Democrats

HR passes temperature control measure (S)

HOUSE VOTES DOWN WHITE HOUSE PLAN FOR GAS RATIONING

growth of Chesebrough-Pond's through selective acquisition of companies that produce products that either dominate market, preferably one with few competitors, or that seem capable of becoming dominant, discussed; net income for 1st quarter of '79 was record $19.6 million on sales of $272 million; acquisitions have included Ragu Packing Co, Health-tex Inc and G H Bass & Co; chmn, president and chief executive officer Ralph E Ward comments; chart of co divs (M)

Chesebrough-Pond's: Growth via Market Control

Cyrus Eaton, Industrialist, 95, Dies

Dr Charles Frankel, former Asst Sec of State, and his wife Helen are found shot to death in their Bedford Hills estate; Christopher R Sperry and hit 82-yr-old governess Nettie MacCormick are found shot to death in neighboring estate; all were apparent victims of robbery; slayings touch off house-to-house search for more victims; about 90 minutes after discovery of murder at Sperry house, sports car belonging to family is found abandoned in Park Slope section of Bklyn; found inside car is small amount of jewelry and small safe that had been broken into; Bedford Hills residents comment; Frankel illus and illus outside Sperry home; map (M)

4 Are Murdered On Two Estates At Bedford Hills

Office of Mgt and Budget Dir James T McIntyre Jr reportedly feels Pres Carter may be able to present Congress with budget that will have enough of a surplus to offer small tax cut in fiscal '81; preliminary numbers show revenues of $593 billion without tax cut and spending of $589 billion; McIntyre hopes to pare spending to $578 billion to make room for tax relief; balanced budget and tax cut would be enormous political boon to Carter in re-election year; McIntyre illus (M)

1981 Goal: A Budget Surplus

Assembly Speaker Stanley Fink's proposal for additional $35 million in education aid to state's poorer school districts draws disgruntled response from Gov Carey adm officials; one Carey aide complains 'we had a deal to close the budget originally and now they're opening it up' (S)

Assembly Speaker Bars New State Tax Cut

94° Makes It 2d Record in a Row: Some Hate It and Some Like It Hot

Arnold Barry Moskowitz is given 3 years probation for June '76 $229,000 robbery of Chemical Bank branch in Sheepshead Bay section of Brooklyn; Moskowitz says he was victim of mistaken identity; money has never been recovered

Student

China reportedly has given US assurances that it will liberalize emigration policies in exchange for American trade benefits (M)

PAYMENT PACT SET, U.S. AND CHINA NEAR p TRAUE AGREEMENT

He was occasionally referred to as &#8220;the prince&#8221; within the company because of his close ties with the chairman and the aura of the anointed that clung to him. So when Philip Caldwell was named yesterday to succeed Henry Ford 2d as head of the Ford Motor Company, not many were surprised.

Philip Caldwell: New Breed of Ford Leader

He'll Resign as Chief, But Remain Chairman

&#8220;He plays the piano the way it should be played.&#8221; That's how Miles Davis describes Bill Evans's talent. Tonight and tomorrow, the Bill Evans Trio, with Marc Johnson on bass and Joe LaBarbera on drums, will be performing at the Bottom Line, 15 West Fourth Street. Shows at 9 P.M. and midnight. Admission is $6.50. As usual, the trio will be playing jazz, which Mr. Evans himself calls &#8220;the purest tradition in music this country has had.&#8221; Information: 228&#8208;6300.

WEEKENDER GUIDE

Correction on Apr 27 article on planned construction of $95 million international trade complex in Harlem, NYC, notes designer is James Stewart Polshek & Associates

CORRECTIONS

A horse pulling a carriage and a taxi tried to turn left from Seventh Avenue into 52d Street at the same time early yesterday. Cab cut the horse off, leaving horse's hoof stuck fast in its rear bumper. Here a fire rescue unit

When Past Is Present A Tale of Manhattan

Many commuters in NY metropolitan area who used to drive to work are turning to mass transit, causing some crowding (M)

Commuters Beset by Gas Prices Find Mass Transit Lacks Space

Alternate&#8208;side parking regulations will be in effect in Manhattan today so that street trash built up during the tugboat strike can be removed. The rules will later be reapplied in the other boroughs, in rotttion.

PARKING RULES BACK ON

Council of Economic Advisers chmn Charles L Schultze, in response to question on prediction by Treasury Sec W Michael Blumenthal of 8.5% inflation rate this year, says raising pay standard to offset inflation rate will build higher level of costs and much higher rate of inflation, press meeting, Washington, DC; implicit in Schultze's remarks is concept that part of recent acceleration of inflation resulted from actions outside control of policy makers, such as oil price increases; Blumenthal's remarks have provoked irritation among White House officials, with whom Blumenthal has had strained relations; Adm official says Blumenthal recently agreed that next Adm prediction on inflation would come in July; Council on Wage and Price Stability director Bosworth comments; AFL-CIO official charges wage earners are paying price because there is no requirement that real profits be reduced (M)

Schultze Defends 7% Pay Limit

Lester Raymond Flatt was an American bluegrass guitarist and mandolinist, best known for his collaboration with banjo picker Earl Scruggs in the duo Flatt and Scruggs.

May 11, 1979

Headlines from May 11, 1979

BUSINESS Digest

National

News Summary

New Faces: A Guide to Fresh Talent in Town

Good‐Government Groups Seeking to Expand Their Influence

Billboard 200

Minute By Minute

2-hot

Breakfast In America

Desolation Angels

Spirits Having Flown

Notable Deaths

Historical Context for May 11, 1979