High Point business shows growth amid unemployment concerns
Business notes report a surge in industry activity in High Point with hosiery and furniture plants at full operation. Employment data contrast a rising workforce against jobless totals, while construction statewide declines modestly. The Piedmont Sales Executives Club marks Salesmen's Week with a banquet headlined by UNC coach Jim Tatum.
MENTIONED IN THIS ARTICLE
High Point
State Labor Department
Winston - Salem
Charlotte
Raleigh
Greensboro
Rocky Mount
Piedmont Sales Executives Club
Greensboro Country Club
UNC
Jim Tatum
Overnite Dividend Proposes Stock Increase and 12% Dividend
Overnite Transportation Company shareholders will vote to raise authorized capital from 250000 to 500000 shares at the May annual meeting. If approved the entire 250000 new shares would be issued as a 100 percent stock dividend to 1425 stockholders. The board plans a 12 percent quarterly dividend on the new schedule and declared 21 cents per share payable March 16 1959 to record holders March 2 1959. January revenue totaled 1087075.16 with an estimated net profit before taxes of 93358.82.
MENTIONED IN THIS ARTICLE
Overnite Transportation Company
Interstate Commerce Commission
Board of Directors
Overnite
Stock Market Breaks Higher With Record Weekly Gain
The Associated Press index rose to 229.90 and touched a new high, while the Dow Jones average surpassed 600 for the first time, spurred by optimism ahead of a three day weekend. Major automakers advanced as Detroit announced plans for a new small car for 1960, with GM, Ford, Chrysler gaining while tobacco stocks fell on a health scare.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Dow Jones
Dow
Ilase
Washington
Detroit
American Motors
Studebaker-Packard
General Motors
Chrysler
Ford
Liggett & Myers
American Tobacco
Lorillard
Panel to Discuss Furniture Sale at UNC Meeting in March
The semi annual division meeting at the University of North Carolina in March 1921 will feature a furniture sales panel with Arthur Licata of Neptune Furniture Co and Charles Stapp of Koos Bros among others. Other panels cover retailer relations and a Congress on Better Living segment led by Tom Bresnahan, with HFIC director Virginia Pegram and Paul Roberts of McKinsey & Co participating.
MENTIONED IN THIS ARTICLE
Universe of
North Carolina
Arthur Licata
Neptune Furniture Co
New Rochelle
N. Y
Charles Stapp
Koos Bros
Rahway
N. J
George Scala
J. L. Hudson ,Co
Detroit
Wyatt P. Exum
Vaughn- Bassett Furniture Co
Galax
J. Smith Young
Dixie Furniture Co
Lexington
Congress
Tom Bresnahan
McCall's Magazine
Virginia Maner
Richmond
Virginia Pegram
HFIC
Paul Roberts
McKinsey & Co
New York
Miss Pegram
HFSC
Roberts
Gerald Alan Barrett
University
Joseph E. Huggman
Drexel Furniture Co
Drexel
Bond Market Mixed With Slight Decline In Treasuries
The US Government bond market showed a mixed week with a slight decline in Treasuries while corporate bonds advanced on higher turnover. Municipal financing remained firm with solid demand from institutions as rails and industrials rose, utilities up modestly, and foreign dollar bonds eased. corporate trading on the big board reached 32,280,000 per value, above the prior week.
MENTIONED IN THIS ARTICLE
New York
President Johnson Impeachment Trial Presided by Chief Justice
At the impeachment trial of President Andrew Johnson the Senate heard the case with Salmon P. Chase, Chief Justice of the United States, presiding as judge.
MENTIONED IN THIS ARTICLE
Andrew Johnson
Senate
Salmon P. Chase
United States
Dick Culler’s clothing store changes hands in sale
H Earl Hutto announced the sale of Dick Culler’s clothing store to L Z Ellis. The deal closed Friday night and leaves the store at 142 Church Street under Ellis’s management with no immediate changes. Dick Culler returns as a stockholder while eight full time and three part time workers stay on. Ellis plans no current changes and cites his first clothing venture.
MENTIONED IN THIS ARTICLE
H. Earl Hutto
Dick Culler
L. Z. Ellis
Firestone
Hutto
E.lexington Avenue
Ellis
Clayton
High Point
Church Street
Lome
Birchwood Avenue
Culler
Church St
Carolina Securities Corporation Ad
Charlotte Raleigh and New York City list refers to Carolina Securities Corporation with Chas. E. Diffendal Jr. contact in High Point North Carolina.
MENTIONED IN THIS ARTICLE
Carolina Securities _ Corporation
Charlotte-Raleigh
New York City
Chas. E. Diffendal, Jr
Train Waits For Window Washer
A New Haven Railroad train bound for Westchester County was held 23 minutes when a window cleaner could not be found. An engineer stated he should have cleaned the window himself but no action was planned against him. The delay occurred Friday as a workman of proper classification was located to wash the locomotive cab window. In other item, a Pilgrims game history notes the 1633 card game All Fours and its variants.
MENTIONED IN THIS ARTICLE
NEW York
New Haven
Fashionable West
Chester County
Also Mentioned on This Page
Joe Brown
Donald L. Hilton
The
Merchant Association
Hilton
Bryce Commercial College
High Point College
Army Engineers
Europe
Paul Kennedy
Mich
Kennedy Farm and Home Supply Co
Massey Ferguson
G. Reid Marsh
Waldorf - Astoria
New York Life Insurance Co
National Association of Security Dealers, Inc
Adams Engineering Oreenaee
Aerotron i
Zita
Allvac Metalsi
American
Efird Mills
Marietta
Mariel Arden Parms
Atlanta Gas
Atlantic Steel Ree
Atlas Gewing
Equipment Consumer Pt
Guilford National Banee Gulf Life Insurance
Hanes, P. H. Knitting Finance
Cena T
Oon Syndicate of
Compar 18'S Company & Company
Lau Blow Levingstone Shipbuilding Life & Casualty Life Companies, Inc
Lucky Stores
Maxson, W_ L. Corpor
Milestories
Mississippi Shipping
Morton Manufacturing
Ees
North American Life
N.C
Speuret Gas Comenes
Ohio State Life
Penn Fruit Co
Southern Heritage
Leh
Southland
le State Loan & Finance
Stevens
Sutton, O. Aene
Oncenses
Lea, Incorporated Com
Tidewater Gag
Trans Gas
Insurance
U.8 & Trost
Jim Watson Brothers Western
Acvel
West Point Mfg. Co
Wise Homes
Zonolite
Tidewater Gas
Gomman
Wayne Welborn
Huffman Paint and Wallpaper Co
N. Main St
Welborn
Igh Point
E. Farriss Ave
Stock Mart
Bond Mart
Rogers
Investors Stocks Inc
John W. Hughes
Birchwood Drive
George D. Davis, C.L.A
George D. Davis
C. LA
COM. Mutual Life Ins. CO
R. Delbert Kirkman
Wachovia Bank
N. C
Tel. BR
Shubal C. Kirkman
Achavia Bank and Trust Co
High Point, N. C
E. C. Lane
Jefferson Standard Life Insurance CO
Greensboro, N.C
Pilgrims
California
Duffy Mott Co
Pepsi Cola
Pepsi Cola United
Spur Oil Co
Secripto, Inc
First Southern Co
Wachovia Bank & Trust
J. Sturgis May & CO
BON
College Street
North Main
S. Main
Member
Federal Deposit Insurance Corporation
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!