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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 01, 1956
Page
5
Local hosiery manufacturers resist price cuts despite nylon yarn price hikes as less favorable profit margins may limit any industrywide shift. DuPont and Chemstrand announced yarn cuts this month, pressuring producers to adjust.
Master watchmaker Robert Berthoud of St. Imier notes that self winding mechanisms existed well before today. He cites Marie Antoinette’s 1770 request for an automatic timepiece and Abram Louis Pervelet’s design using a weight to wind.
John C. Anderson, from Atlanta, ga, is hired by Anvil Brand to create advertising cards for retail stores posters and brochures. He will also design labels and tickets for various Anvil garments, bringing a strong portfolio from McGregor men’s wear.
Americans added more than 20 billion dollars to personal debt in 1955 as savings gains lagged. Mortgages, consumer credit, and life policy loans drove the rise, with total debt reaching about 232 billion by year end. The increase was the second largest of the decade, underscoring a massive spending spree for homes autos and durable goods.
A survey by the Sendcesters Experiment Station of the U S Forest Service shows 9 1 percent of lumber purchased by 1955 from 44 plants failed NHLA quality rules. Mis cuts raise costs for sawmills and furniture makers. stricter feeder mill setup is urged.
CHAPEL HILL March 3 All county accountants have been invited to attend a school which will cover topics on school funds accounting county spending welfare funds contracts and old age assistance measures. The final session ends around March 26.
Rep. Adam Clayton Powell accuses President Eisenhower of being a prisoner of aides who promote segregation. He argues that despite early promises, segregation is expanding under the influence of those surrounding the President, with the issue stalled in the District of Columbia and in the armed forces.
Enterprise survey finds local furniture executives optimistic about the next nine months with January to March 1956 expected to mirror 1955. Industry leaders predict strong demand and steady pace to begin the year, citing a boom year as a benchmark and plans to maintain momentum.
In Wheeling West Virginia jurors prepare for the murder trial of Tommy Williams tied to the death of 9 year old David Powell whose body was found beneath a porch on Wheeling Island February 10. Judge David A. McKee set the start date and ordered indictments against another youth separated for trial.
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