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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 29, 1961
Page
5
Industry spokesmen report a gradual improvement in hosiery business since mid month with about 70 percent of normal production. Wholesalers in New York appeared more cheerful, closeouts down, and manufacturers better matching knitting to shipments. Leaders worry over federal minimum wage changes and seek clarity to avoid cost shocks.
Named stylist Paul Shoaf has been named the stylist for Adams Millis Corp. Shoaf, a Davidson County native and longtime Adams Millis employee since 1949, lives in Bethany Church Community and is married to Pauline Robbins. He and his family have three children. The report also notes NC dairy product association events, savings and loan records in 1960, and Joe Brady attending a Bache & Co roundtable in New York.
Last week the North Carolina Veterinarians Association held its annual meeting in Raleigh. Registered attendees included Dr. J. W. Peace, Dr. Nelson D. McCoss, and Dr. E. M. Sink.
President Kennedy frees counties to accept federal food supplies under his expanded distribution program. Agriculture Secretary Freeman orders purchase of canned pork and gravy dried beans and dried egg solids to diversify donated foods, urging state and local welfare agencies to cooperate amid rising unemployment.
American Marietta announces fiscal year ending November 30 reports sales of 368 million dollars, up 14 percent from the prior year, with net income rising from 22 million to 24 million dollars.
Unofficial market guide for January 27 1961 shows bid and asked ranges from NASD and other sources. Origin of quotations available on request.
New York AP report shows unemployment benefits claimants at 3.289 million for week ending Jan 7, with overall January jobless estimate at 5.5 million. Secretary Goldberg calls the situation grave and urges government aid while President Kennedy plans congressional action and expanded surplus food distribution. Auto and steel sectors reduce output. December cost of living hits new high at 127.5 versus 1947-49 base. Labor officials forecast continued cost increases of 1-2 percent this year.
Auction notice lists multiple items including Occidental Life Ins 38 10 North State Tel 5 Pref 210 Jacksons Minit Markets 100 Wright Homes 100 Johnson Electronics 100 Burlington Industries 50 Anderson Labs with prices net and sold with prospectus.
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