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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 28, 1960
Page
5
Last week survey shows furniture spokesmen reporting an uptick in activity after a slow summer. Industry sources say inventories are lean and deliveries tighten as retailers plan purchases through mid November. If construction rebounds, furniture demand could rise. otherwise costs may push higher with a new minimum wage.
L O M A Fellow George Louis Schmidt of 407 Gatewood Ave is named Institute Fellow of the Life Office Management Association. He joins 69 other men and women from 35 North American life insurers to earn the FLMI designation this month.
Mrs. Helen Myers of 21 Second Ave Thomasville is named manager of Tobias children division. She brings 16 years in children wear buying and management with extensive experience in New York markets.
A new Portland zoo features a narrow gauge railroad with steam engine or streamliner options. An experiment with moonlight excursions over four miles through woods to Washington Park drew strong interest, leading to a summer night program planned for a 35 minute round trip including a pause.
Official sounding notice explains bid and asked prices are unofficial and intended as a guide to approximate ranges as of August 26 1960. It notes quotations come from NASD and other sources and that origin can be furnished on request.
Banks cut the prime rate to 4¾ percent from 5, boosting hopes for a year-end upswing. The move aims to curb auto and appliance inventories and spur capital outlays, while machine-tool orders fell 23.8 percent in July. Oil refiners reduced operations as U S refineries ran 450000 barrels per day above demand.
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