Union tactics shift after regional hosiery defeats
The American Federation of Hosiery Workers withdraws election requests among knitters in High Point Asheboro and Burlington signaling a strategic retreat as defeats and mill closures ripple through Southeast recruiting efforts. The downturn follows 1955 labor strife and boarder unions’ poor performance, with segregation and civil rights debates quietly influencing Southern labor.
MENTIONED IN THIS ARTICLE
American Federation of Hosiery Workers
Asheboro
Adams-Millis Corp
Randleman
Asheboro Mills
Diamond Hosiery
McCrary Mills
High Point
Burlington
Five Mills
Week's Stock Market Decline Marks Eight Month Low Point
The Associated Press stock average slid to 176.00, down 5.50, marking the worst weekly setback in eight months. Declines were aided by the Moscow declaration on Near East protection and weak auto and steel demand amid tight money hints from the Federal Reserve and budget concerns. A generally nervous market saw no clear advances this week with mixed midweek results depending on the index.
MENTIONED IN THIS ARTICLE
ED Morse
New York
Associated Press
Near
Middle East
Egypt
Moscow
Pooore
Federal Reserve Board
Eisenhower
Humphrey
Toll costs rise as juries award bigger verdicts in New York
A Judicial Conference of New York State chart shows a steady climb in average jury verdicts. For 1940-41 the average verdict reached 3490 dollars, reflecting higher personal injury awards as highway tolls also increase.
MENTIONED IN THIS ARTICLE
Judicial Conference of
New York State
New York
Liability Insurance Costs Rise As Awards Go Higher
A New York feature traces rising liability insurance costs tied to larger jury awards and explains how big judgments shift premiums. It notes a 230 percent rise in awards since 1940, with 15 year average claim settlements up from under 400 to about 8500, and highlights a $400,000 verdict later reduced.
MENTIONED IN THIS ARTICLE
New York
Thomas MecDermitt
New York Supreme Court
John
Harriet Doe
Harriet
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