High Point Business Profits Seen Holding Steady Into 1956
Broad surveys forecast continued growth for 1956 with optimism on respirations in furniture trade and construction. Local industry expects expansion, while a tighter credit climate tempers home building. 1955 gains inspire confidence in new payrolls and competition for consumer dollars. Virginia Carolina Wholesale Furniture Salesmen’s Assn meets Jan 26. Staley Upholstery becomes Staley’s Inc. Employment rises 6.6 percent in October with wages up.
MENTIONED IN THIS ARTICLE
Igg Omy
Chamber of Commerce
High Point
Virginia - Carolinas Wholesale Furniture Salesmen's Assn
Furniture Men See 1955 As Notable Year
A survey of High Point furniture plants notes 1955 brought rapid expansion and changes. Chip core production grows in leading plants while cheaper plastic shells and frames expand designs. The industry faces a new minimum wage law, unprecedented plant growth, and regional expansion in the deep South with 11 firms opening new plants and five enlarging in High Point.
MENTIONED IN THIS ARTICLE
High Point
Deep South
Dunbar Named Vice President at Tomlinson Furniture
Aubrey W. Dunbar, long time Tomlinson employee since 1935, has been named vice president. He has served in payroll, cost accounting, and engineering, rising to general superintendent before this appointment. A technical engineer by training, he belongs to the Piedmont Section of Mechanical Engineers, the Lions Club, and the Chamber of Commerce, and attends Wesley Memorial Church. He resides at 307 E. Farriss Ave. with his wife and four children.
MENTIONED IN THIS ARTICLE
Aubrey W. Dunbar
Tomlinson
High Point
Piedmont Section of Mechanical Engineers
Lions Club and
Chamber of Commerce
Wesley Memorial Church
Dunbar
E. Farriss Ave
Sale Of Lewis And Holmes Is Completed
Purchase of operating rights and property of Lewis & Holmes Motor Freight were completed this week by Overnite. The deal, announced by the Transportation Commission, adds more than 100 shipping points in South Carolina. Lewis & Holmes assets include 26 pickups, 22 tractors, and 33 semi trailers, totaling about $400000 in assets.
MENTIONED IN THIS ARTICLE
Lewis & Holmes Motor Freight Go
High Point
Gucumeen
Transportation Com
Martinsville Firm Posts Higher 1955 Profits
American Furniture Co. of Martinsville Va reports 1955 net income of 1 009 110 up from 1954 265 696 per share earnings rise to 38 cents from 32 cents Production and shipping set records according to president R M Simmons The firm does not disclose sales figures and the results are described as after taxes and excluding unusual items
MENTIONED IN THIS ARTICLE
Martinsville
American Furniture Co., Inc
R. M. Simmons
Simmons
Best Business Year Ends as 1955 Passes into History
New York year end review notes 1955 as record setting for industry with high sales and production. Auto output declines about 30 percent amid dealer stocks while GM cuts 170 at its Columbus Ohio plant. Forecasters predict varied 1956 paths with cautions on auto demand and production. Businesses remain optimistic but wary as 1956 looms.
MENTIONED IN THIS ARTICLE
New York
General Motors
Ternstedt
Columbus
Ohio
Ford
George P. Hitchines
Harlow Curtice
American Motors
George Romney
Laaxeners L. L. Colbert
Cae
Sam Dawson
Alee
Harlow H
Te Gage General Malters
Sore
Stimai
Prospects in Textile Industry Seen as Promising for 1956
A. K. Winger of the American Cotton Manufacturers Institute reports that 1956 prospects are promising with signs of expanding sales. He cites improved balance between production and demand, but notes long term risk from rising foreign imports of fabric and apparel if controls fail.
MENTIONED IN THIS ARTICLE
A. K. Winger
Albemarle
American Cotton Manufacturers Institute
Winger
U. S
Japan
United States
U.S. Faces 1956 With Confidence
U.S. economy enters 1956 with overall optimism but warns of gradual slowdowns in housing autos agriculture and steel. Analysts foresee softer home building a car market shift and rising imports affecting textile and cotton industries amid hopes for stronger long term demand.
New Ophthalmologist Opens Office on East Howell Street
Greensboro native Dr. William B. Donald Jr. opens an ophthalmology office at 203 E Howell St this week. A Bowman Gray School of Medicine graduate and WW2 veteran, he studied at UNC and the University of Munich, interned in Winston-Salem, trained in Waterville Missouri, and has worked with the North Carolina State Commission for the Blind. He is 30, unmarried, and will reside at 1036 Rockford Rd with family ties to Groometown.
MENTIONED IN THIS ARTICLE
William B. Donald Jr
Greensboro
E. Howell St
Donald
UNC
University of Munich
Germany
Bowman Gray School of Medicine
City Memorial Hospital
Winston-Salem
Waterville
U. S. Department of Health Education, and Welfare
North Carolina State Commission For the Blind
Phi Kappa Sigma
Phi Chi Medical Fraternity
W. B. Donald
Madison Ave
Z. L. Groome
Mr. Groome
Groometown
Rockford Rd
Harold Amos
Resolutions and Thoughts for the New Year
A local column reflects on New Year resolutions from residents J. K. Litton B F Finch Kearns and Bill Hylton. The piece includes quotes about gratitude helping others and personal improvement. It closes by praising Miles E Robertson for sharing these notes and offering New Year wishes.
MENTIONED IN THIS ARTICLE
J. K. Litton
B. F. (Finch) Kearns
Kearns Tent and Awning Company
John Galsworthy
Miles E. Robertson
Litd
Oneida
N.Y
Fcr
Alderman’s Man Named To AID Active Member
Gilbert A. Gray of Alderman Studies is elected to active membership in the American Institute of Decorators. A High Point native, he heads the design department at Alderman Studios and has prior experience with Miller and Rhoads in Richmond.
MENTIONED IN THIS ARTICLE
Gilbert A. Gray
Alderman Studies
American Institute of Decorators
National Board of Governors
High Point
Gray
AID
North Carolina
Alderman Studios
Alderman’s
Miller and Rhoads
Richmond
North Carolina State College
Richmond Professional Institute
J. A. Gray
Lindsay St
Mr. Gray
High Point Little Theater
Veteran Fokker joins Dutch air museum collection
A single engine eight passenger Fokker with 30 years of service is added to a Dutch aviation museum collection. It flew from Copenhagen to Amsterdam at 110 miles per hour to join the display.
MENTIONED IN THIS ARTICLE
Amsterdam
Fokker
Copenhagen
Also Mentioned on This Page
By Joe Brown
E. Ser
Staley Upholstery Co
Staley’s, Inc
Herbert C. Staley
Alvin Staley
Verona J. Staley
N. C
Tomlinson’s
Lewis
Holmes
ACMI
U.S
M. Rawleigh
Lim St
East Howell
Edward Lear
W. B. Donald, JR
Dee
Lester's Jewelers N. Main
Washington
Eee
al Creaite Peitle CK
Cescete
Atlantic Steel
Atlas Sewing Centers
Auto Finance
Bank of America
Bassett Furniture
Bausch & Lom
Beneficial Co
Beneficial Ltd
Blue Ridge Ins Cotler
Cannon Mills
Cape Fear Wood Press
Carolina’ Casualty Ins
Carolina Pid
Ro Sales Corp
Carolina Tel & Tel
Rere Florist
II Central
Atham Me CO. Ciesss
Colonial
Colonial Stores
Commercial Natl Bank
Commonwealth Life
Cone Mills
Sonda Bradstreet, Inc
Jason
Thomas
Ins ‘Co
Garfine
Garfinckel
Guardian
Guilford Nail Bank
Gulf Cities
Seecesee
Gulf Life
Hanes
Bat Home Finance Groups
Home Insurance Co
Hood Sys Ind
Houston
Independence Life
Inter Mountain Tel Investors
Town Southern Utilities
Irving Trus Seeeuee
Ivey, J Weare
Jefferson Standard Ins
Keystone Port “Cement
Kingsport Press
Lau Owen
Lucky Stores
Seeneeee
MacMillan Co
Seeeeearyland Casualty
W. L. Maxson Corp
McLean Industries
McLean
Milner
Mississiph
Moore Handley
Binton Furn C Ag
Nat Food
Natl Life &Accid
Ins
New Britain Machine
INS Coves
Stee Ee
Caro Telephone
Occidental
Ue NS
Peninsular Life Cae Carp
Peninsular Telephone
Oeenn Controls
Eeeee
Penn Fruit Co
Penn Be
Piedmont
Piedmont Aviation
Potash Co of America
Public Svce Co
Pyramid Life
JIN Rawleigh Co
Reeves Soundcraft
Southeastern Fund
Southland Life
Standard Fruit & S Ss
A Sutton
Ccseereevee Superior
Tampax Com
Taylor Biscuit
Per Instrument Co
Acts
Tenn
Ala & Ga
Enn Gas Trans
Exas Eastern Trans
Textiles, Inc. Com
Thalhimer Bros Eee
Towmotor Co Time
Travelers Ins Co Trans Gas Pipeline
Union Natl Sheen Usie SS Co
Wachovia Mak & Tr Co
Estern
Tel
Cceee
Estern Oil Fields
Mfg Co
Apeeeee Eielacimes
Loner Sie
Royal Tires
Thurston ST
N. Main ST
Review
High Point Savings and Trust Co
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