Economic outlook mixed as analysts split on recovery pace
A Richmond Federal Reserve survey shows optimists expect a quick rebound while pessimists fear a longer slump. Regional electricity use tops national averages signaling potential growth, even as moderates anticipate government spending and inventory restocking to lift demand. Dixie Furniture reshuffles leadership in Lexington, while other firms review plant disposal and sales incentives. High Point and Greensboro builders hear brick industry tips to raise home sales with a promotion program rollout and several sales awards win travel trips and convention invites.
MENTIONED IN THIS ARTICLE
Richmond Federal Reserve Bank
Nturn
Moderates
High Point
Greensboro
Sedgefield
E. F. Walsh
Washington, D.C
Structural Clay Products Institute
Nelson joins Burlington Plant Here
Ray E. Nelson, former general manager of Joy Throwing Co. of Hartsville, joins Burlington Throwing Co. as head of technical services and sales at the Hillcrest plant. A Manchester Conn. native, he brings extensive yarn processing and sales experience and will serve customers across the United States from Burlington's southern territory base.
MENTIONED IN THIS ARTICLE
Ray E. Nelson
Joy Throwing Co
Hartsville, S. C
Burlington Throwing Co
Nelson
Manchester
Conn
Hillcrest
Joseph H. Hamilton
Oscar Heineman Corp
Chicago
Concord
N. C
United States
Military Pay Hike Proposed in House Bill
Rep L Mendel Rivers of South Carolina announced that a House sub committee will report a bill to raise pay for all ranks of active and retired servicemen. The measure aims to retain trained technicians and is expected to receive favorable action.
MENTIONED IN THIS ARTICLE
Charleston
S.C
L. Mendel Rivers
D-Sc
House
Rivers
House Armed Services Committee
Hardware Dealers Meeting Set in Charlotte
More than 3,500 hardware retailers from the Southeast prepare to attend a three day convention and trade show in Charlotte. M F Kaelke, managing director of the Hardware Assn of the Carolinas, says the event is the Souths largest hardware exhibition. The 1957 Hardware Retailer of the Year will be announced at a Tuesday night dance.
MENTIONED IN THIS ARTICLE
Charlotte
Southeast
The
Hardware Assn
Carolinas
M. F. Kaelke
South
Lobsters Travel in Wood Shavings To Belgium
Sixteen thousand pounds of live lobsters were shipped from St. John’s Newfoundland to Brussels Belgium on December 6 in wood shavings to maintain temperature. The lobsters arrived alive. Dry ice would have been too heavy for air transport.
MENTIONED IN THIS ARTICLE
St. John’s
Newfoundland
Brussels
Belgium
Industrials Lead Bond Market Rally On Week of Trading
Industrials surged to the front of the corporate bond market this week, with U S government bonds also improving as long range issues led. Trading totaled 21 999 000 par value on the NYSE, down from last week and the 1957 level, while rails held steady and utilities slipped. In new issues, Guilford County North Carolina school bonds accounted for about half of a six million sale.
MENTIONED IN THIS ARTICLE
New York
U. S
New York Stock Exchange
Guilford County
N.C
Tide Turns as Stock Market Dips After Early 1958 Rise
New York reports a weekly downturn after six straight sessions of declines beginning Feb 5 with an oversold bounce on Friday. The Associated Press 60-stock average fell 1.60 to 161.00 as volume reached 2 070 000 shares and 500 issues advanced versus 712 declines.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Fil-Back Announces Key Personnel Changes
Fil-Back Co announces leadership shifts at Fil-Back Sales Corp with F Gordon Lindley named director and treasurer and Ralph E Calhoun appointed head of the art department and direct mail advertising. Lindley, from High Point, joins from the accounting department. Calhoun, a graduate of Emory University and Richmond Professional Institute, brings commercial art experience to Charlotte operations.
MENTIONED IN THIS ARTICLE
Fill-Back Co
J. E. Gibson Jr
F. Gordon Lindley
Fil-Back Sales Corp
Ralph E. Calhoun
Gibson
High Point
Lindley
High Point College
Fli-Back
Calhoun
Emory University
Atlanta
Richmond Professional Institute
Richmond
Charlotte
Grain Futures Jump But Net Gains Remain Modest
Chicago reports show grain futures moving in large steps under strong influence this week. Wheat and rye rose more than 4 cents a bushel from last week, while other grains and soybeans posted smaller gains or declines. The government stocks report triggered broad liquidation as investors feared reduced loan support.
MENTIONED IN THIS ARTICLE
Chicago
Heavy losses erased as prices reverse course on Thursday
Trading opened with bearish sentiment but the market instantly reversed direction. By the final gong the earlier losses had been recovered and some traders reported gains despite the day’s volatility.
Interest Grows in Offshore Oil Near North Carolina
State Geologist J. L. Stuckey reports rising interest among oil industry men in petroleum off North Carolina shores. Experts have visited Raleigh and studied coastal land contours from Morehead City to Roanoke Island as wildcat drilling has failed. The Fitzpatrick interests of Fort Worth lease requires drilling 12 000 feet in two years.
MENTIONED IN THIS ARTICLE
Morehead City
N.C
J. L. Stuckey
North Carolina
Dr. Stuckey
Raleigh
Roanoke Island
Fitzpatrick Interests
Fort Worth
Texas
Stuckey
Standard Oil Co
Heart disease causes and risk factors
The American Heart Association states hardening of the arteries and high blood pressure account for about 90 percent of heart and vascular diseases.
MENTIONED IN THIS ARTICLE
American Heart Association
Also Mentioned on This Page
By Joe Brown
Duke Power Co
Piedmont Carolinas
Dixie
Dixie Furniture Co
Lexington
Henry T. Link
Dixie Furniture
Link-Taylor Corp
Asheboro
J. Smith Young
E. Bruce Hinkle
Link- Taylor
Dixie Asheboro
Hinkle
Link-Taylor
Young
Lexington Furniture News
B. H. Thomason
Lexington Chair Co
Thomason
Florida
Earl B. Crockett
Friden Calculating Machine Agency
Palm Beach
Fla
N. C. Anderson
E. A. Bean
W.L. Caton
C. 8. Maxwell
H. W. Medlin
J. F. Hiatt
W. A. Jester
T. E. Myers
W. R. Perrell
H. C. Surrett
Life Insurance Company of Virginia
Edgewater Park
Miss
Burlington
Stan Bid
Alivac Metals
Amer & Efird Mills
Amer Heritage
Amer Hospital
Amer Mie
Amer Amer Marietta
Eeerewee Anvil
Anvil Brand
Rie Cssees
Atlanta Gas
Eeee
Atlantic
Seeeesseerenen Jom
Atlas Sewing Eeetee
seer Bank Of AM@P
Ccscue Eeee
Bassett Furni Crevecesse
Bayless
AJ Corr
Bausch
Cannon Mills
Cape Fear Wood Press
Carolina Casualty Ins
Carolina P&l R
Carolina Tel
Commonwealth Life
Cone Mills
Donnelley, R.R. & Sons
Electronic Acety Card Corp
Erwin Mills, Inc
Vcesseseees
Mfeee Nareennee
Farrington
First Nat
Bank of Ashv
Franklin Life
Garfincke
COM .O
Guardian
Canada
Irving Trust Co
Aeeeneee
Ivey, Beee Saneecescossaee & M7
Jefferson Ltd
Ite Eeeetree
Asser
Kellogg
Levingstone Shipbuilding
Liberty Life Mene Eeeeee Life and Casualty
Eeeee Life Companies Inc
Life Ins Co
Lithium Corp of Amer
Lone Star Steel Theeeewe
Ivete Stores
Eveeeeee
MacMillan
NC. Sentee
Rawleigh
Shield Bantam
Scripto Inc
Security Life & Trust
Security National Bank
Skyland Life Oentsoesse
Sonoco Products
Southern Plastics Engrevee
Southeastern Factors
Southeastern Fund
Southland Life
State Loan & Fine Av
Sterling Investment Fund
Stevens Markets
Sutton O. A. Superior
Tampax
Delhi Taylor Oil
Texas Eastern
Travelers Ings Co
Eneneee
Union National Bank
Wena United Ins Co
Amer
U.S. Life Ins Co
Wachovia Bank and Trust
Western Carmel Watson Brothers Trans
Eeunee
West Point Mfg CO
Sssseee Company
Ccssveee
Zonolite Eeeee
Bond Mart
Professional Life Insurance Service
High Point Junior Chamber of Commerce
National Association of Accountants
McCain Place
Ralph Calhoun
Gordon Lindley
Proper Life Insurance Service
George D. Davis
C.la
TEL
N. Main ST
Electronic Accounting Cards Corp
High Point, N. C
J. Sturgis
May
Security Bank
Southern Heritage Life Insurance Co
Morrison and Company of
Newton
And
Charlotte, N. C
Security Bank Bldg
J. Wilson Rogers Insurance Agency
Spivey
Hardware Mutual
Coraleaas Insurance Company
MT +1 the
P.O. Box
N. Main
Member
Federal Deposit Insurance Corporation
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