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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 06, 1958

Page

5

North Carolina Sales Tax May Gains Highlight Business Notes

May sales tax data show High Point among five NC cities with higher gross collections, with 23 of 100 counties reporting gains. Neighboring counties fell. Forsyth Alamance Guilford reported gains, Hosiery orders rise, circular knits and loopless toe styles boost prospects, Old Fashioned Days promotion moved to July 18 19 due to market conflict.

High Point North Carolina Ee Een Ee SS Forsyth Alamance Guilford

Local business notes highlight dividends and openings

Stockholders to receive a 5 percent dividend on August 12 for records dated July 15. Rawleighs Florida opens Sarasota office July 15 with VP William K. Moore directing sales and service. Moore has a decade with Rawleigh and predecessors. High Point Merchants secretary Clyde Campbell praised for better state local coordination. Rotary clubs gain Duke Power Co managers as new presidents Joseph Hal Davis and William J. Burton. Colonial gains first Florida east coast outlets, now operating in 11 states east of the Mississippi with Florida expansion ongoing.

Rawleigh Sarasota William K. Moore Moore High Point Clyde Campbell Coil Wheel Greensboro Duke Power Co Hal Davis Gate City William J. Burton Colonial Florida Mississippi Miles Lab Inc Mississipp! Shipping Eeeee Sly Moore National Food Nationwide Corporation National Life & Accident North American Life Occidental Life North Carolina Eeeesere Ohio State Life Eeeteee Olen Company Overnite Transport Eeeee Peninsular Life Penn Controls Eeeereee Penn Fruit Co Penn Fruitt Co Ptauldler-Permutit Company Piedmont Natural Gas Piedmont & Northern Rrnt Postal Life Incurance Co Provident Life & Accident GR Public Service Co Pyramid Life Rawleigh Isi A National Life River Brand Rice Mills Shield Bantam Sores Security National Bank Skyland Trans Gas Pipeline Twin Coach Pidos Union National Bank Life Ins United Ins Co of America Dense Serene Wachovia Bank & Trust Watson Brothers Transp Western Carolina Teseeee West Point Manufacturing Ee Ih Ciceeeia Iadiaes American Collectors Assn Western Union New York Central Manhattan Grand Central Terminal Charles S. Thomas Navy Trans World Airlines Esso Standard Oil Co William Naden Stanley C. Hope Oasis Oil Co Ohio Oil Co Libya

Security Quotations From Dealers Bid and Ask Prices

Unofficial bid and asked prices compiled from the National Association of Security Dealers and other sources as of February 2, 1958. The quotations do not reflect actual transaction ranges and origin of any quotation is available on request.

National Association of Security Dealers, Inc

Wheat Prices Show Drop Amid Harvest Slide

Chicago reports wheat futures slipping last week as contracts hit season lows while tougher strike activity at Kansas City elevators sparked brief gains. Corn remained firmer but eased on increased cash receipts and ongoing farm supplies moving to market.

Chicago Kansas City

Steady Rise Brings New Peak For Mart Shares

The Associated Press index rose 1.30 to 175.60, surpassing the 1958 high of 175.40 as trading advanced into a new yearly peak. The Dow Jones industrial average climbed to 480.17, with volume up despite holiday-shortened week ahead of Fourth of July. Uncertainty lingered over steel prices despite bullish momentum.

NEW York Associated Press Iepuncane Wall

Business optimistic for second half

Economic overview in mid 1958 shows mixed signals with steel and auto sectors facing a slow ramp, while consumer goods demand rises. Amid contract gains for defense items and housing up, factory layoffs and store closures pull the pace, and analysts note a tentative, uneven recovery ahead.

Hog Market Activity Slow in Week Reveals Tight Supplies

Chicago AP reports hog slaughter during the first four days of the holiday week was the smallest since mid April 1954 across 12 major markets and shipments were the lowest since late March. Barrows and gilts rose 50 cents, sows up 50 cents, and wholesale pork cuts jumped with loins up 24.50. Cattle supply fell about 10 percent from the prior week, the smallest for a comparable period since mid-April, while slaughter steer offerings remained about 70 percent of total cattle supply with more choice and prime grades.

Chicago

Bond Market Faces Uneven Week Amid Fiscal Year Start

New York AP reports a shaky week for U S government bonds with smaller losses than last week. Corporate issues were mixed while quality issues nudged a slight average gain as industrials utilities fell and rails stayed flat. Foreign bonds rose briskly as investors eyed large future Treasuries and the expected fiscal year start.

New York Treasury

Also Mentioned on This Page

By Joe Brown Colonial Buys Adams Engineering Aerotron Esseee Alivac Metals American Commercial Bank American & Efird Mills American Hospital Supply American Rette Amreican Ette Pia Iy Arden Farms Arnold Stone Company Atlanta Gas Lights Atlantic Steel Atlas Sewing Centers Auto Finance Common Bank of America Bassett Purniture Bayless Beneficial Corp U Plack Panther Company Blue Bell, Inc Blue Ridge Insurance Co Brush Butler's Inc Cannon Mills Cape Fear Wood Press Carolina Cas Carolina Pow & Lt Carolina Tel & Tel Carolina Wholesale Florist Central Telephone Century Food Market Cerlist Diesel Chatham Mil Co Colonial Stores Commonwealth Life Cone Mills Continental Gin Copeland Refriger Delhi Taylor Oileeeee Domestic Donnelley RR. & Sons Drexel Furniture First Nat Bank of A Pood Ivey, Jbe CO Fferson Standard Life Iser Kellogs Lau Blower Aeeeee Lenoir Finance Levingstone Shipbuilding Libertyville Life Insurance Life & Casualty Life Companies Inceeeeneee Life Insurance Co Corp of America Iene Waren Aompany Henry W. York S. Main St Nationwide Insurance Murray D. Lincoln Nationwide Columbus Ohio York Main Street Dun & Bradstreet Alaska Horace Greeley Pentagon Douglas Aircraft Hycom Manufacturing Co Dodge Corp Buick Allis- Il Greenville Public Service of N. C Lucky Stores, Inc Piedmont Aviation Arnold Jefferson Standard Inc J. Sturgis May & CO High Point, N. C Bond Mart Spivey Hardwa The Box High Point Savings and Trust High Point, North Carolina U. S State OF North Carolina Hick Point Savings and Trust N. Main Member Federal Deposit Insurance Corporation Ekate Eee Thomasvi
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