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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 06, 1955
Page
5
A dense list of company names and percentage figures appears, detailing securities and insurance firms. Included are Bank of America, Northeastern and regional entities, life and health insurers, and various manufacturers, with percentage figures indicating holdings or yields.
The nation’s factories run at high speed with auto output at 164 295 cars just below the record week of June 24 1950. Power use and petroleum manufacturing hit all time highs as construction and heavy engineering show growth. Experts warn of risks from strikes inflation and policy while consumers hold the key to demand and jobs.
Washington column argues that two federal agencies, the Department of Commerce and the Small Business Administration, duplicate efforts. It notes SBA serves over 90 percent of U S enterprises and may become an empire if extended beyond June 30, while Commerce would be hindered and calls for merging SBA into Commerce with its functions intact.
The National Association of Real Estate Boards urged Congress and state legislatures to curb public agencies' power to condemn land for slum clearance and neighborhood conservation. They warn against broadening eminent domain beyond public health and safety interests and call for statutory limits.
Lester F. Naylor has been appointed branch manager of Textileather Division at The General Tire and Rubber Co. He will be based at 1511 S. Main St High Point and cover North Carolina South Carolina Virginia Tennessee Maryland and the District of Columbia. A Scranton native and Michigan State College alumnus, he is a U S Navy Air Force veteran, married, and will reside at 1309 D Eaton Place High Point.
The Chamber of Commerce says the Taft Hartley Act protects key worker rights such as union organizing bargaining over wages hours and conditions and the right to strike and peaceful picketing. It also notes unprotected rights remain including free work without union membership secret strike votes and protection from secondary boycotts.
Postscript to last year s almanac notes three economic seasons in 1954 decline in early months stability through mid year and recovery by year end. Fed report highlights deflationary pressures from government spending and inventory liquidation versus upward pull from construction with Baltimore Branch figures and year end reserves.
Ted Berry walked Laguna Beach California when a sea gull swooped down and snatched his silver dollar from his hand. The bird flew inland toward Santa Catalina Island with the coin in its beak.
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