Tobias Inc Opens Company Fund Retirement Plan for Employees
Tobias Inc introduces an employee funded retirement plan financed entirely by the company and approved by government authorities after tentative operation for years. The plan diverts a portion of annual profits into a trust with Security National Bank investments, determined by service length and salary. Employees begin after one year, gain pro rata ownership after five, and a three member employee committee oversees investments and status questions. This move aims to attract and retain top staff in small businesses, and Tobias partners with the High Point area music service.
MENTIONED IN THIS ARTICLE
Tobias, Inc
Manele A Tranc
Tobias
Security Trust Co
Trust Department of Security National Bank
Justicipatire
Manages and expands regional show space in Greenville
Dewey Corn announces James D. Holland as district manager to coordinate with company agents across cities. A bid opening will occur in Greenville, S C, in early October as expansion to Greenville Textile Hall adds over 100000 square feet for a machinery and equipment show drawing mill management owners and engineers from across the Carolinas.
MENTIONED IN THIS ARTICLE
Charlotte
Carolinas
James D. Holland
Greenville
S. C
Short Course Attendants Named for Credit Bureau Programs
More Short Course participants from the Merchants Association and Credit Bureau of the association will attend the session at Chapel Hill the week of August 10 to 15. The Southeastern Management Institute runs studies on credit extension promotion control and related management methods.
MENTIONED IN THIS ARTICLE
Noe Campbell
The
Merchnts Association
Paul Laws
Credit Bureau
Association
Collection Service
Merchants Association Management
Chapel Hill
Southeastern Management Institute
Union Bag Camp reports first half 1958 sales and income
Union Bag Camp reports unaudited first half 1958 results showing sales of 73,722,195 and income of 6,742,547 or 92 cents per share. The same period last year had sales of 78,881,143 and income of 9,138,066 or 1.25 a share.
MENTIONED IN THIS ARTICLE
Union Bag Camp
Market Bid and Ask Data From July 1958
The record lists stock market quotations with bid and asked prices as of July 1958. It notes that the origin of any quotation is provided on request.
Stocks Near Bull Market High as Weekly Gains Reach Six
The AP market report shows the AP 60 stock average at 183.80 for the week, with July volume the heaviest since 1932. The Dow Jones industrial average rose to 505.43, near the 521.05 historic high, while analysts weigh a possible downward correction after a one day reversal in steel in Thursday trading.
MENTIONED IN THIS ARTICLE
New York
Associated Presses
Erew Soc Viang
New York Stock Exchange
Dow-Jones
Bond Market Sluggishness Closes Week Mixed Signals
U S government and corporate bonds fell about a point on the week with modest rallies midweek and a partial rebound by week end. Observers diverged on whether the rally signals a solid rebound or temporary demand, while foreign dollar bonds advanced on the NYSE. New offerings remained sparse.
MENTIONED IN THIS ARTICLE
New York
U.S
Treasury
New York Stock Exchange
Bell from Great Lakes ship rings for Azua church
A bell found in Elgin County once belonged to a Great Lakes vessel and will ring at the Roman Catholic Church in Azua Domingo. It was presented by William McNabb, a Canadian missionary in the West Indies.
MENTIONED IN THIS ARTICLE
ST. Thomas
Elgin County
Great Lakes
Azua
Pace Domingo
William McNabb
West Indies
Southern furniture plants run at full pace on heavy orders
After summer markets, Southern furniture producers report strong mail orders and full production schedules. Some plants project gains over 1957 by year end, with no let-up expected but tighter deliveries. Stores reluctant to buy now risk future sales as warehouse space remains limited and inventories are drawn down.
MENTIONED IN THIS ARTICLE
Southern Furniture
Inflation Watch as Steel and Aluminum Hikes Rise
AN AP dispatch reports steel and aluminum price increases fueling inflation fears. Higher mill prices could lift costs on consumer goods from garbage cans to cars, while retail prices may not rise immediately due to competition. The piece notes a 3 percent mill price uptick and potential two dollar yearly postage rise, with broader economic signals showing mixed corporate profits and early signs of recovery in construction and industry.
MENTIONED IN THIS ARTICLE
New York
U.S. House of Representatives
Uncle Sam
Anderson
Treasury
Eisenhower
Congress
General Motors
U.S. Steel
Roger Mclough
Harlow H. Curtice
Conseatlminaats Delco Division
U.S. Steel Corp
National Tube Division
Maytag Co
F. W. Dodge Corp
Colonial Stores Confirm Local Plant Manager
M. B. Anderson has been officially named manager of Colonial Stores fixture plant on S. Main Street High Point. He previously led the Norfolk Virginia plant and will oversee about 100 employees at the High Point operation opened last year after consolidation. Anderson and his family attend Emmanuel Lutheran Church on Route 4.
MENTIONED IN THIS ARTICLE
M. B. Anderson
Colonial Stores
Anderson
S. Main Street
Food Chain
Fixture
Norfolk
High Point
Colonial Stores Inc
Atlanta
Route 4
Emmanuel Lutheran Church
Nun Delegation Applauds Hospital Elevator Operator
A group of visiting nuns at St. Vincent's Hospital in Santa Fe praised the elevator operator, calling him the nicest man and noting his uniform as elegant. The operator was a local doctor summoned from a party for an emergency.
MENTIONED IN THIS ARTICLE
Santa FE
N. M
St. Vincent's Hospital
Also Mentioned on This Page
National Musitime
Quality
Quality TV
By Joe Brown
Dewey Corn
Alvac Metals
American Commercial Bank
American
Efird Mills Eenee
American Marietta
Pia
Arnold Stone Company
Atlantic Stee
Blas Atlas Gewing Centers
Common Bank of America
Basset
Bayless, A. J. Covrence
Beneficial Corporation
Beneficial Corporation i
Black Panther Company
Blue Bell, Inc
Sane
Brush
Butler's Inc
Cannon Mills
Cape Fear Wood Press
Carolina Casualty Ins
Sneer
Carolina P & L
Carolina
Carolina Wholesale Florist
Central Electric and Gas Co
Central Tenth Century Food
Cerlist Diesel
Erenenneeneee
Chatham Mfg. Company
Colonial
Life
Eereees
Eeneeennee
Delhi
Ooml Suveeee
Irrerere Insurance Eeeenerre
Tle Inter Mountain Telephone
Seer Iver
JB. CO
Oessaee
Kaiser Stee
Keilogg Company
Lau Blower Ween
Fife
Serveeevvess Ste Compact Ceserverer
Marvyland Casualty
Esses
Dase Maxson, W. L. Corp
Miles Lab Inc
Bioarod Corporation Wenere Ae
National Life & Accident
Ila American Life Ins
North Carolina Tel Co
Occidental Life Scenee
Ohio State Life Insurance
Peninsular Life Penn Controls
Weets
Penn Fruit Company
Piaee
Piedmont
Piedmont Natural Gas
Piedmont & Northern RR
Postal Life Ins
Life Accident
Public Service Co of
N.C
Pyramid Ins Company
Restetch
J. N
Republic National Life River Brand
Pruit & Esreee
State Loan & Finance
Sterling Investnens
Oreo
Sutton, O.A
Tampax
Texas Eastern TB Sreeneee
Um Textiles
Eenee Tidewater
Ges
Time, Inc
West Point
Eter Jha
Stock Mart
Home Finance Group
E. B. Stone Finance
Hudson Pulp & Paper Corp
Pyramid Life Insurance Co
Rose Marie Reid
Johnston Bldg
Charlotte, N. C
Ralph M. Bewell
Southern Investment Co
High Point Area
Spivey
P. O. Box
Jefferson Standard Life
North Carolina
Olen Co
Arden Farms
North State Telephone
J. Sturgis May & CO
Security Bank
College Street
Hick Pont’ Savings and Trust Com
North Main
S. Main
Member
Federal Deposit Insurance Corporation
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