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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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