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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 03, 1960

Page

19

Insurance Dividends Rise Amid Strong Savings and Loan Growth

More than 12 000 investors shared over half a million dollars in dividends from three local savings and loan associations. The year shows higher totals and a 4 percent yield vs 3.5 percent last year. Perpetual, Atlantic, and Piedmont accounts rose with mid year comparisons, while industry moves add agents and expansion to regions including Alabama and Texas. Textile Insurance reports 15 percent more business in Q2 1960, Rockingham Mills sets a new sales force for Carolina and Virginia, and High Point Asheboro firms expand sales.

Atlantic Piedmont Llaylor Carl J. Leslie Andrews Jefferson Standard Life Insurance Co New York City George P. Clark New England Mutual Life Insurance Company Jasper Park Lodge Canadian Rockies High Point Ashe Boro Pilot Life Insurance Co Quasi- Textile Insurance Co Isvention Atlantic City G. L. Cole L. W Mississippi Grant Davis J. M. Everitt Highed P. A. Gallimore High Point Com H. Pell Asheboro Pany Jim Cage Alabama Texas Textile Rockingham Mills Inc Joe Covert Carolinas Virginia English St Rockingham Mills Safie Bros. Inc William J. Laine Vettersan Lake Ferson Lone Biar MacMillan Companys Maryland Casualty Manson W. L Mclean, Industries Miami Los Angeles Miles Laboratories Incarpare Handley Congress National Dev National Life &Accident Qri- Nationwide Corp N_ Hampshire Peninsular Life Senate American & Elizane Piedmont Aviation American Fidelity Life Piedmont Natural Marietta Amercan Arnald Stine Co Ae Postal Life Insurance Allarita Gas Hight Bassett Furniture Aly Syremid Lite Agri- Bayless A. J Abs Rawleigh, J Parity Blue Bev, Inc Cannon Belo Searle, G. . & Company Carolina Casualty Ins Sonore Products Security Life A Trust Carolina Natural Gas Ye Soroban Engineering Africa Carolina P. A L Southeastern Kilimanjaro Tan- Carolina 8Anyika Central Bloc State Loan & Finance Db Century Stevens Cerlist Diesel AO Superior Chatham Mia Tampax Coastal Plain Texize Chemical My Colonial Stores Tia Textile Insurance Tne Commonwealth Life Thermopastics Cone Mills Coral Ridge Crown Alum Delhi Taylor Trans. Gas Donnelly,r, Sons Ty Traveler's Insurance Ve Drackett Company Pfc Drexe Furniture Ve U. Chemical Mining Duffy Mott Wactioris Bank Eastern Util Waiter Jim i Economic Lab Watson Brothers Tran Wester Carolina Firsh Union National Bank Franklin Life Ie Ae Frigikay Gore Garfinckel J. Common Portland Cement Griggs Equipment Guaranty Savings Ltd Bt Gulf Cities Gas Gulf Life Insurance Haloid Kerox Hanes, PH. Knitg Helene Curtis Holiday Inns Home Finance Group Ba Home Insurance Co Houston Corp Interstate Lifeccident Bleaye Inv Sve Tay Canada Trist Co Iver Company Jackson Mi & Mkt. Ay

Drexel reports strong half year results and Hasty’s fishing shop expands

Drexel Furniture Co reports unaudited results for the first half of the fiscal year ending May 31 with consolidated net sales over 21 million dollars, up 11 percent from the prior year, and net earnings of 1,367,314 dollars or 2.17 a share, up 32 percent from 1959. President R C Hull released the preliminary figures. Expanding Mr and Mrs W B Hasty at 2416 English Street turn their live bait business into a one stop fishing service center offering a full line of fishing gear, tackle, crickets and Catawba worms. The curb market operation opens at 5 a.m. and closes at 10 p.m.

Drexel Furniture Co R. C. Hull Hasty English St

Oil in Miller water system shocks town residents

In Miller Missouri the town water system leaked 300 to 400 gallons of lubricating oil into the reservoir during tank cleaning after seven years. Workmen shut off mains as oil mixed with water, forcing residents to obtain drinking water from nearby wells and springs all week.

Miller, Mo Miller

Custody lost by Texas couple of doctoral students

In Austin a University of Texas couple pursuing doctorates had their one month old daughter declared dependent and neglected by District Judge J Harris Gardner. The court warded the child at Travis County Juvenile Home and permanently removed parental rights of Mr and Mrs Jessie Yocum after witnesses testified the infant had been left alone in a filthy apartment found May 22.

Austin, Tex University of Texas Daugh ‘Ter J. Harris Gardner T Travis County Gardner Jessie Yocum Coules

Business Suffering Setbacks and Steel Slump Report

NEW YORK AP Business suffered jols this week with Cuban seizure of refiners owned by Texaco Standard Oil and Shell. Steel production plunged to 54.8 percent capacity, triggering large layoffs across mills and railroads. Amid a modest second-half recovery, railroad consolidations and car output fell before holiday shutdowns while retail trade rose up to four percent on warm weather.

New York Fidel Castro Texaco Co Standard Oil Co New Jersey British-Dutch Shell Oil Co David J. McDonald United Steelworkers Pennsylvania Railroad New Haven Railroad New York Central Baltimore & Ohio the Central B&o Chesapeake & Ohio Chicago & North Western Railway Minneapolis & St.Louis United States Stone

Also Mentioned on This Page

J.C. Boyles Blackwell Insurance Agency Bankers National Life Insurance Co Lie Underwriters Tomlinson John Catt Ohio Indiana Indianapolis Leigh Beard Chicago Territory North Carolina Tennessee West Virginia Roanoke Sam Warshell Beard Cyril Rombach Ilinois Michigan Missouri Wyoming Colorado Iowa Kansas Minnesota Nebraska Dakotas Wisconsin Drexel Report New England Professional Life Insurance Service N. Maim St Te Cel de Perens Iris Emeen Ia Meinhardt& Company, Inc Fourth Ave Nash Sechrest Red Cross LW. Sechrest Son, Tn North Main St High Point Savings and Trust Co North Main S. Main Member Federal Deposit Insurance Corporation Soroban Engineering Company RCA Sperry-Rond Eernings Soroban Soroban Engineering CO J. Sturgis May & CO N. Car
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