High Point Market Sees Record Lamp Models and Growth Outlook
Fre quently overlooked market notes show lamp distributors reporting their best show in history at High Point with more extreme models on display aimed at Florida and coastal Georgia trade. Economists expect local business volume to rise to about 94.5 million dollars by 1965 as birth rate and demand fuel growth. A new furniture plant is planned in Kernersville with P John Furniture Corp acquiring Allied Tool site.
MENTIONED IN THIS ARTICLE
Florida
Georgia
High Point
Standard Rate
Kernersville
West Coast
P. John Furniture Corp
Oakland
Los Angeles
Calif
Allied Tool & Machinery Co
R. C
Mike” Boyce
Allied Stores Corp
Jordan Marsh
Sunrise
Fort Lauderdale
Biscayne
Vention Causeway
Miami
Creighton
Town and Country Shop to Relocate Near Thomasville
The Town and Country Shop based in High Point and Thomasville plans a move closer to Thomasville, relocating to larger quarters adjacent to Reed Supply Co. property. The report notes expansion and the upcoming site change amid regional retail activity.
MENTIONED IN THIS ARTICLE
the Town and Country Shop
High Point
Thomasville
Reed Supply Co
Mitchell New President of Container Co
Norbert L. Mitchell Jr. of High Point has been elected president of Dixie Container Co. in Richmond Virginia succeeding Louis Schroeder. Mitchell, with 18 years at the corrugated box firm, also heads the Richmond Chapter of the Arthritis and Rheumatism Foundation and belongs to the Rotunda Club. He previously represented the company in North Carolina and lives in High Point.
MENTIONED IN THIS ARTICLE
Norbert L. Mitchell Jr
High Point
Dixie Container Co
Richmond
Mitchell
Louis Schroeder
Arthritis and Rheumatism Foundation
Rotunda Club
North Carolina
Textilists Plan Series of Meetings Across Southeast
A week long series of textile meetings will begin in Greensboro on Monday night. Sponsored by the American Cotton Manufacturers Institute ACMI leaders from multiple states will attend including Marion W Heiss of Cone Mills in Greensboro F E Grier of Greenwood S C and Robert C Jackson of Washington. A noon session will be in Charlotte with Cannon Mills president C A Cannon presiding. The ACMI officers will meet in Gastonia Tuesday night. Sessions run in Augusta Greenville Spartanburg and other cities.
MENTIONED IN THIS ARTICLE
Greensboro
American Cotton Manufacturers Institute
South Carolina
Georgia
Marion W. Heiss
Cone Mills Corp
ACMI
Central Trade Association
F. E. Grier
Greenwood
S.C
Abney Mills
Sae Eee Avice Jones
Laurinburg
Waverly Mills
Robert C. Jackson
Washington
F. Sadler Love
Charlotte
C .A. Cannon
Cannon Mills
Kannapolis
Gastonia
Augusta
Greenville
D.C
Spartanburg
Corporate and U S Bonds Rise In Week On Exchange
Corporate and U S government bonds advanced for a fifth and fourth week respectively on the New York Stock Exchange. Rail shares edged higher after earlier losses while overall bond volume dipped to par value 19 973 000. Treasury issues fluctuated with thin over the counter trading.
MENTIONED IN THIS ARTICLE
New York
U.S
Treasury
Rails
Nar- Steem
New York Stock Exchange
US Treasury
SEC Man Plans Talk In Durham
Ray Garrett Jr. director of the division of corporate regulations of the SEC in Washington will discuss Young lawyers and the SEC at Duke University. The 12:10 p.m. talk in the Law Building courtroom is sponsored by the Duke Bar Assn and open to the public.
MENTIONED IN THIS ARTICLE
SEC
Durham
Ray Garrett Jr
Division of Corporate Regulations
Securities and Exchange Commission
Washington
Duke University
Law Building
The
Duke Bar Assn
Key Commodities Fall In Price During Week
Prices of several key commodities tumbled this week while experts say inflation still dominates. Gasoline retreated to December levels in many regions as crude dropped about 10 cents from January’s 35 cent rise. Steel scrap prices fell sharply though Lake Superior iron ore rose 60 cents per ton. Farm prices continued to inch up, cigarettes may rise another penny, and Washington economists warn of higher prices and wages ahead with automatic wage hikes in multiple sectors. Harvard’s Galbraith cautioned the worst may be yet to come. U S Steel and Bethlehem Steel reported record Q4 earnings and raised dividends while predicting higher orders and output, despite automaker demand woes. Bethlehem’s chairman challenged talk of industry trouble.
MENTIONED IN THIS ARTICLE
New York
Lake Superior
Washington
Congress
Harvard
Kohn K. Galbraith
Trading And Investing Have Cautious Air On Wall Street
Wall Street showed little change for a second week, leaving January with a small overall loss. The Associated Press average fell 10 cents to 176.10 as trading slowed with a 1,807,678 daily average. U S Steel raised the dividend to 75 cents, Bethlehem Steel listed 2.40, and overall sentiment remained cautious within a trading range as investors weighed 1957 prospects. The five most active NYSE stocks were General Motors, Bethlehem Steel, Alleghany Corp, U S Hoffman, and U S Steel.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Oe Coe
U. S. Steel
Bethlehem
Butem
Eugene G. Grace
Wall Street
New York Stock Exchange
General Motors
Bethlehem Steel
Alleghany Corp
U.S. Hoffman
U.S. Steel
Also Mentioned on This Page
By Joe Brown
Diamond Hosiery Co
Patentex, Inc
Patentex
Julius Kayser
Leslie Andrews
Jefferson Standard Life Patel
Pilot Life's
P. J. Poteat
G. L. Cole
L. W. Davis
J. M. Rowe
P. A. Gallimore
Asheboro
Ea Ch
Ima
Mississippi
Nin
EU Aerotron
Allentown Proind Cmnt
American & Efird Mills
Amer Hospital Supply
Amer Marietta
Prd
Amer Trust Company
Arnold Stone Company
Atlanta Gas Light
Atlantic Steel Eeeweene
Atlas Sewing Center
Bank of America
Bassett Furniture
Bausch & Weer
Beneficial Corp
Black Panther
lue-Beil, Inc
A'S Blue Ridge
Butler's Inc
Cannon Mills Wood
Carolina Casualty Inc
Cape Fear Way
Carolina
Carolina Whissale Pirie Ig Central Ever
Century Food
Cerlist
Chatham Mfg. Co
Colonial
Colonial Stres
Colonial Ares Se
Collyer Wirial ‘Wail Bnk
Life of Ky Commerce
Gees Mills
Ta Airlines
Domestic Finance, Corp. Aly
Poneaey Ae & Sons
Tefirsn
Sas
DSS
Cas
Insee Inc
Ink
Tors Sale i
It ‘Nan Company
Renee Ieeeee
Natl Food
Natl Life & Accidnt
North Amer
N.C. Railroad
Occidental Life Ins
N.C. Telephone Company
Ohio State Life N. Oswego Falls Corp
Peninsular Life
Penn Trois
Penn Fruit Co
Penn Fruit &E Pta
Enee
P&n Railroad
Postal Life Ins Co
Piedmont Nat
Eee
As Co
Amer
Iee Co
Rami Life Ins
Rawleigh
Oyves Soundcras River Brane Rice Mills
Scnfeld Bantam
Security Life & Test Co
Security A
Sky FO Sc
Union Natl Uni
U.S. Life
Wachovia Bank & Trust
West Point
Zonolite Company
Container Co
GAS Industries Fund
Dutt
J. Sturgis May & Co
Stocks & Bonds
N. C
Walter Breede JR
U.S. Steel Corp Y
Bethlehem Steel Corp
Dade
Paul Owen
C.S.A
Special Agent
N. Main ST
Prudential Insurance Company of
Ameria
Invutrel Life Inference Company
Home Office
Newark
New Jersey
NTE
By ED Morse
George P. Clark
New England
Main ST
George D. Davis
N. Main
S. Main
Member
Federal Deposit Insurance Corporation
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