High Points Business Signals Mixed Economic Picture
High Point shows contrasts with retail sales hurt by bad winter weather while furniture and industry report strength. Retail inventories are down though manufacturer stocks remain high as orders lag and employment lags. New showrooms open for boats, a Martins Mutual Life Insurance agent joins, Hajoca expands into Greensboro, and local leaders take key industry roles.
MENTIONED IN THIS ARTICLE
High Point
Ratsilare
Wwe Cay Witt GT
All Time High Employment Rise Recorded in Southeast States
Nonagricultural employment in the Southeast hit new records in December 1956 with the eight-state region totaling 6,740,400 jobs, up 180,000 from December 1955. North Carolina and South Carolina posted near top figures, driven by gains in retail trade and manufacturing.
MENTIONED IN THIS ARTICLE
Associated Press
Southeast
North Carolina
South Carolina
U.S. Department of Labor
Easier Way Suggested for $1 Shortage at State Prison
Sacramento officials say there is an easier fix than a special legislature act for a $1 shortage in the hobby sales fund at the state prison. John M. Peirce, state finance director and board chairman, suggests charitable collection or the superintendent cutting his lunch to cover the gap.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
State Board of Control
John M. Peirce
Quiz Winner Bank To Bring Stock Market Expert Here
Alice B. Morgan will speak in High Point on March 11 hosted by High Point Savings and Trust Co. Known from The $64,000 Question and The $64,000 Challenge, she shares investments and finance wisdom. Her lectures appeal to stock brokers executives and everyday earners aiming to own in American business and build steady income.
MENTIONED IN THIS ARTICLE
Alice B. Morgan
High Point
High Point Savings and Trust Co
Alice Bell Morgan
Campbell chosen to lead Duke Loyalty Fund in High Point
Duke University announces Jack H. Campbell will head the 1957 Loyalty Fund drive in the High Point area as part of a national campaign targeting $250,000 from 10,000 contributors across 234 areas in 29 states and two foreign countries.
MENTIONED IN THIS ARTICLE
Durham
Duke University Today
Jack H. Campbell
Duke
High Point
Campbell
F University
A. Hollis
Stock Market Slumps to 1957 Low After Week of Losses
The Associated Press 60 stock average fell $3.90 to $172.20, marking the second straight weekly decline and the sharpest drop of the year. GM pierced a downside barrier after a 3 for 1 split, drawing wide attention as the market neared year’s nadir amid inflation worries echoed by Hoover and Humphrey remarks.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Ee Ees Gassek
New York Stock Exchange
Herbert Hoover
Also Mentioned on This Page
Sheppard Hardware
O. D. Sheppard
Springfield Road
G. Eddie Ridge
Massachusetts Mutual Life Insurance Co
William Mitchell
District Ridge Molay
Rose Marie Wienberry
William & Mary
Hajoca Moving
Greensboro
Hajoca
Frank Hackett Supply Co
G. W. Smalley
Philadelphia
N. Hamilton Street
Smalley
Sam Speaker
Clem D. Seamen
Roanoke
Society For the Advancement of Management
Greensboro Country Club
Johnston
United States Chamber of Commerce
Bob Lindsay
Emerywood Studios
North Carolina Photographers Assn
Asheville
Lindsay
Wood
Elliott S. Wood
Drexel Furniture Co
Henley Paper Co
Allegheny Steel Band Co
Stutts
W. L.bib
Irving Silver
Phillip A. Silver
Silver Craft Furniture Company
al Schwartz
Colonial Dr
Silver
Air Force
By Joe Brown
Eee
Allenton Proind
Cmnt
Amer
Amer Marietta
lAnvil Zrand
Atlantic
Cannon Mills
Mere Fear Wood Carolina
Eliey, RR. & Sons
Milfi Inc Co
Franklin Life Ins
Geetincuel I Pfa
Guardian
Guardian Con Fin
Guilford Natl Orss
Mfg
Nvestors
Canada
St Kaiser Steel
U Ind Cmat
Keystone
NA Life
State Corp
Peninsular
Ies
Fruit
Postal Life
Amer Pyramid Life
Rawleigh
Reeves
Security Life & Trust Co
Skyland Life
Southeastern Factrs Hern Plastics
Southeastern
Sterie
Tenn
Texas Eastern
Tidewater
Rane Gas
Eee Velers, Inc
Shion’ Nail Bank
Watson West
New England Life
New England
George D. Davis
C.S.A
George P. Clark
UFR Ac
N. Main ST
GAS Industries Fund
Ime
J. Sturgis
May & Go
Securiyt Nat'l Bank Bldg
High Point, N. C
ALL America
America
Von
Thom
Wall Street
Hoover
Treasury
Humphrey
Prudential
Paul Owen
C.L.A
N. Main
Newark
Cerlist
Seeld 40 Whiting Corp
Wachovia Bank
Carolina Casualty Ins
Pepsi Cola General
J. Sturgis May & CO
N. C
Lincoln
High Point Savings
Trust On
S. Main
Member
Federal Deposit Insurance Corporation
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