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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 13, 1958
Page
5
Construction activity rises with plans for Perpetual Savings and Loan to open its new N Main Street building on May 1 after final interior work. Executive VP A Scott Parker Jr says only trim furnishings and parking lot remain as of this week with open house planned for the day.
The 17 year old son of Ozzie Nelson and Harriet Hilliard goes to court for approval of his Imperial Records contract. The agreement guarantees Ricky Nelson $1,000 weekly for five years.
Auto dealers report a pickup in business over two to three weeks. American Motors says Rambler sales in March were the best month in company history, moving up to the 10th place among the most bought brands.
U S government bonds edged higher for a fifth straight week amid looser money supply. Corporate bonds gained modestly with industrials and utilities leading, while foreign bonds remained near unchanged. Tennessee Gas Transmission planned to issue 30 million dollars of debentures April 16 after postponing from March 18 due to market conditions.
The State Crop Reporting Service reported April 1 that SC peaches are in good condition overall, about 83 percent in good shape and near last year’s level. Western Spartanburg and parts of Greenville counties suffered extensive damage from a February killing frost and varieties neared full bloom around April 7, two weeks late. Abundant soil moisture halted some spraying operations in places.
Grand Rapids analyst Albert Seidman urged imagination and promotion to lift the furniture industry in 1958. He warned the recession may be serious but could end by Christmas if bold actions like roads, hospitals, housing, and schools are pursued. He noted 1957 furniture volume was second only to 1956’s $2.03 billion record.
Americans increasingly use home trade-ins to swap their old houses for new. Builders and realty brokers promote the idea to ease selling and double moves, with FHA support since 1954. Experts warn buyers to appraise homes themselves and beware sleight of hand by some promoters.
Alger Hiss, once linked to a Communist ring, will receive about 15000 from his mother Mary L. Hiss estate. The will filed in Orphans Court also forgives a 9500 note and leaves him 750 as a separate bequest for a Johns Hopkins University scholarship success.
In Marianna Florida Mamie Mayo failed to appear for sentencing after testifying she sold moonshine whisky to support her eleven children. Judge Dozier Devane deferred sentencing and ordered a check into her absence.
Two local realtor firms will represent their companies at the Eastern Mortgage Conference in New York City over tomorrow and Tuesday. Alton Stanford and James A. Marley of Curtis Smith deal Inc. attend for their firm, a member of the National Association and the Mortgage Bankers Association of the Carolinas. Stanford has been elected vice president of the Carolinas Association. Idol-Green Co. sent Jack Green and B. C. Fowler to speak for their firm, a member of the National Association and the Mortgage Bankers Association of the Carolinas.
In Los Angeles a jury found that a dog named Bosco was not responsible for injuries to Gary Hinkle. The attack occurred in Palmdale two years ago in the Hinkles' garage. the plaintiffs, Gary’s parents, had sued Bosco’s owners Donald and Mrs. Thompson.
William K Zeckendorf of the firm Webb and Knapp in New York City has completed several of the world's largest real estate transactions.
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