High Point stores plan earlier Christmas hours and security concerns
High Point merchants push 9 p m closings next week and on December 22 23 with a stricter eve closing. The recommendation aims to curb rubber check risk as holiday traffic grows and stores hire extra help. Federal data show district sales above 1957. SRFA to offer February courses after affiliating with NRFA. Parcel post rate hike is challenged by Parcel Post Assn. Fifth Avenue Cleaners buys Lexington shop moving from High Point.
MENTIONED IN THIS ARTICLE
High Point
Merchants Association
Federal Reserve Bank of Richmond
Baltimore
Richmond
Washington
Southern Retail Furniture Assn
National Retail Furniture Assn
SRFA
R. L. Weathers
Interstate Commerce Commission
Parcel Post Assn
Holiday economy shows rise in Christmas sales and production
A brisk holiday shopping period boosted the U.S. economy with a forecast of a 3 to 4 percent rise in Christmas volume. Electric power use hit a record as Christmas lights brightened main streets. auto production topped 140,000 with gains at Chevrolet and Rambler. Unemployment held steady, average weekly earnings reached a new high, and engineers and other graduates are expected to see higher hiring in coming months.
MENTIONED IN THIS ARTICLE
New York
America
Detroit
Chrysler Corp
Chevrolet
Rambler
Northwestern University
Evanston, Ill
U.S
Pricing Trends Push Some Furniture Prices Higher Now
The article notes most case goods makers raised prices before the October market with more hikes expected before January showings. Upholstered lines show less consensus as many firms review pricing, some plan increases while others will not change before spring. Raw material and production cost pressures drive those raising prices.
Bond Market Week Shows Mixed Moves Across Sectors
Government and corporate bonds fluctuated with a general downtrend while investment grade corporates and foreign bonds posted advances. Utilities rail and industrial issues fell, long range issues softened, and Treasury 3s of 1995 hit new lows as overall trading remained thin. Corporate par value on the NYSE rose slightly to 32.38 million from 31.89 million.
MENTIONED IN THIS ARTICLE
New York
Treasury
New York Stock Exchange
Self-Help Unit Aids Hospital Patients In Boulder
In Boulder Colorado an experimental seven foot bedside self help unit lets patients control bed position lights radio TV and PA. It includes a fridge ice maker outlets a pull down sink and built in controls designed by Harley E Rice former Boulder Sanitarium GM now with Seventh Day Adventists hospitals.
MENTIONED IN THIS ARTICLE
Boulder
Colo
Harley E Rice
Boulder Sanitarium
Seventh-Day Adventists Hospitals
Washington, D.C
Security quotations guide for bids and asks
A compilation of unofficial bid and asked prices from the National Association of Security Dealers and other sources dated December 11 1958. The quotations indicate approximate sale or purchase ranges and are not actual transactions with origin notes provided on request.
MENTIONED IN THIS ARTICLE
National Association of Security Dealers, Inc
San Diego Man Injured on Utah Jeep Ride
Sam Weisenberg of San Diego joined three men in a Utah hunting trip jeep. He fell from the vehicle injuring his back before meeting the trio who were all from San Diego. One was a doctor another a priest and the third an undertaker.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Sam Weisenberg
Utah
Tobacco Marts End Season After Light Week
North Carolina Virginia Old Belt markets wound up the season with light sales. South Boston Winston Salem and Reidsville closed. Danville to end December 16 and 17. Total season sale 249.7 million pounds at $57.27 per cwt with 15.5 percent to the Stabilization Corp.
MENTIONED IN THIS ARTICLE
Associated Press
North Carolina-Virginia
Boston
Winston-Salem
Reidsville
Danville
Federal State Market News Service
Stabilization Corp
Stock Market Nears Record As Berlin Crisis Fends Off Profit Taking
The week saw solid gains in blue chips and secondary issues as investors paid heed to institutional optimism despite profit takers. The AP average rose to 206.90, with Wednesday closing near their records. the Dow hit 564.98, while 19 million plus shares changed hands and Avco Sperry Rand El Paso Natural Gas EMI and American Motors led activity.
MENTIONED IN THIS ARTICLE
Berlin
Associated Press
Dow Jones
New York Stock Exchange
Avco
Sperry Rand
el Paso Natural Gas
Electrical & Musical Industries
American Motors
Traffic safety slogan prompts singing while driving
Norfolk Virginia police official Jimmy Etheridge promotes a campaign urging drivers to sing along at specific speeds. The slogans pair common hymns with speed targets from 45 to 85 mph to encourage focus and safety on highways.
MENTIONED IN THIS ARTICLE
Norfolk, Va
Jimmy Etheridge
The
Traffic Bureau
Bad Debt Deductions Under Income Tax Rules
The article explains deducting bad debts on tax returns, including loans to relatives, proving the debt exists, and notifying that only qualified debts from 1958 or earlier qualify. It covers business and personal debts, how they appear on Schedule C or Schedule D, and annual limits on losses with carryover options.
Also Mentioned on This Page
By Joe Brown
High
Fifth Avenue Cleaners
Lexington
Lexington Chamber of Commerce
Bruce Bratton
Marshall Hughes
Davidson County
Bond Mart
Wachovia Bank & Trust
50 Scripto Inc
Public Service of
N .Car
100 Textile Insurance Co
Cerlist
United Insurance Co
J. Sturgis May & CO
Security Bank Bidg
High Point, N. C
New Commercial
American
Efird Mills
Aeee
Arnold Joe Company
Atlanta
Ges Light
Atlantic Steel Cococrages
Atlas Sewing
Bank of Amertice
Commonwealth Life Ins
Cone Mills
Pia Tae
Copeland
Delhi Taylor
P & PE
Scs
Cere
Erwin Mille
First Southern Co
Piret Union
Ies
Eeeereretion
General Tels
Pta
Portiend Cement
Griegs Equipment Cheeeeenee Ss
Guardian Consumers Finance
Guardian Consumers
Guilford National Bank
Guilt Cities Gassoneeeene
Ketchum & Compese
Eeereneee
Levinestone Shipbuilding
Life & Casualty
Life Compentes Inc
Lone Star Steel
Maervlend Casualty
A Industries
Oauaee Handley Hardware
Eeewee
National Life & Accident Ever
North C
Netura
Occidental
North Carolina
Ohio State
Peninsular Life
Penn Controls
Penn Fruit Co
Piedmont Aviation
Piedmont Natural Gas Piedmont & Northern RR
Provident Life & Accident
Service Co. of
Pyramid Life Ins. Co
Rawleigh, J. MW. Co
Standard Pruit
State Loan
Stevens
Superior
Tampax
Eastern Trans Textiles
Trans Gas Pipeline
Go of America
U.S. Life Ins. Company
Wachovia Bank & Eee
Stone
Waiter
Jim
Watson Bro
Western Carolina Telephone
West Point Manufacturing Homes
Ieeeane
Tobacco Marts
Johnston
Charlotte, N. C
Charlotte
Ralph M. Bewell
Sheraton Hotel
Eleleres
George D. Davis
N. Main ST
Thomasvit
Stock Mart
5Operty ‘and Morigage Insurance
J. Wilson Rogers
Insurance Agency
W. Green
North Carolina Society of Accountants
N. C
E.O. Lane
Jefferson N Standard Ufe Insurance CO
Greamborn, H.C
Charles E. Diffendal, Jr
John T. Ruffing
Park Drive
Greensboro
Broadway
Liam E. Miller, Jr
Farmer
Tel
Asheboro
Carolina Securities Corporation
Wall Street
New York, N. Y
North Main
N. Main
S. Main
Member
Federal Deposit Insurance Corporation
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