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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 20, 1959
Page
5
Industry leaders hold prices steady despite costs rising with lumber steel and upholstery so margins may improve little by year end. With demand backlogs and the steel strike's influence on hosiery the sector braces for 1955 while furniture lines slim down to upgrade pricing.
Textile industry enjoys strong 1960 outlook with mills sold out through early 1960 and unfilled orders at record highs. Production of men s suits up 24 percent in October. firms pursue new color trends and dividend or stock actions amid broad industrial gains across steel, aluminum, chemicals, and autos.
The Herald Tribune News Service reports a sharp weekly rise in the general business index to 197.2 on Dec. 12, up from 190.5 the prior week and 183.1 a year earlier. Steel output held at 96.4 percent capacity while power output hit a record 14.167 billion kilowatts. November industrial output reached 148 percent of the 1947-49 average, with food prices sliding to a nine year low of 5.79 per Dun & Bradstreet on Dec 15.
The weekly index tracks the price per pound of 31 basic foods in general use. Milk and eggs rose, while hams, butter, coffee, sugar and potatoes declined compared with a year ago.
A trainee completes a week long course at the Security Life and Trust Co. home office in Winston-Salem and receives a diploma in fundamentals of life underwriting.
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