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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Dec 30, 1962
Page
7
Roger Babson predicts 1963 will bring a banner year for High Point and nearby areas. He cites growth in furniture production, a record Southern Furniture Market, gains in metal working and other new lines, continued wage pressure and rising living costs, with strong buying power and robust retail activity.
The furniture industry expects strong sales and narrow profit gains as January markets show few new items. Buyers focus on April and October for new offerings while January remains key for independent retailers. Southern producers report a 10 to 12 percent year end volume rise though profit lags. Order backlogs stretch three to ten weeks with shipments from two to six weeks after orders. A winter regional show opening in January may drive price increases and fund allocations. A $3,000,000 direct home loan program for North Carolina enters fiscal third quarter.
Ralph Futrell has been appointed art director at the High Point office of Savidge Davis and Newman Inc. He previously worked with Alderman Studios and holds degrees from High Point College and VPI. He has earned awards from the Charlotte Art Directors Club and is part of the Greensboro Artists League traveling exhibit. He and his wife Barbara Morgan of Winston Salem live at 502 Fernwood Lane with two children and attend Burkhead Methodist Church.
The North Carolina VA regional office in Winston-Salem will receive about 3 million dollars for direct GI home loans in the state. J D Deramus, manager of the office, said the funds will be made available to the regional office.
President R. M. Simmons Jr told stockholders that a large new upholstery and living room furniture plant will begin production in the spring. The Martinsville Virginia facility, located two miles south, will have 300000 square feet of floor space.
Mrs. Dinne Williard of 800 Carr Street received two trophies at Southeastern Advertising Inc.’s Annual Awards Dinner in Rocky Mount. Representing the firm in the High Point area she earned the Annual Achievement Award for originality and promotion, and the Outstanding Salesman of the Year for selling attributes and self improvement.
A Tele-Press release notes Japan plans to bring samples of fine furniture quality sewing machine desks tables and cabinets to the United States for showing in major markets early in 1963 by the Japan Sewing Machine Cabinet Table and Desk Association.
The Nation outlines a year of continued general prosperity in 1963 with high business activity but no major boom or bust. A key factor is the planned tax cut, praised by Luther Hodges and Ladd Plumley, while economists forecast a record GNP around 575 to 580 billion and steady construction growth despite unemployment concerns.
Washington expects total government outlays for goods and services to rise to about 126.4 billion in 1963, up 8.8 billion from 1962, with federal purchases near 67.2 billion. Economists warn the gain may be smaller than last year and that debt and tax policy could affect 1964.
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