NCNB Index Leads Stock Rally as Averages Hit Highs
The NCNB Index rose to 322.2 marking a record, with the Dow Jones at 851.35 and the S and P 500 at 322.0, as 60 of 81 NCNB stocks traded over the counter. Textiles like Celanese and American Enka led gains while utilities and insurers posted uneven moves.
MENTIONED IN THIS ARTICLE
North Carolina National Bank
Carolinas
Associated Press
Celanese Corp
American Enka
Cannon Mills
Burlington Industries
Cone Mills
Kayser-Roth
P. Stevens
Riegel Textiles
Spindale
Stonecutter
Blue Bell Inc
Thomasville Furniture
Drexel Enterprises
Carolina Telephone
State Capital Life
Pyramid Life
Liberty Life
Jefferson Standard
Security Life and Trust
First National Bank of South Carolina
C&s National Bank of South Carolina
Lance Inc
Ice Cream Cone Birthday Origin Story Emerges
Washington AP reports in 1904 that Syrian concessionaire W. M. Hamwi sold crisp sugar wafers and unintentionally inspired the creation of the ice cream cone during a bustling fair. The anecdote notes Hamwi’s role as a concessionaire and the event setting.
MENTIONED IN THIS ARTICLE
W. M. Hamwi
Resan
Economy humming as summer slack fades away
Last week the economy showed steady growth with nine straight months of rise in industrial production. Reports from major firms and rising profits at International Business Machines, Monsanto, American Cyanamid, and Standard Oil signal ongoing optimism, while sectors like autos and banking show shifts and consolidation.
MENTIONED IN THIS ARTICLE
New York
San Francisco
Barry Goldwater
Federal Reserve
International Business Machines Corp
Monsanto Co
American Cyanamid
Standard Oil Co
Indiana
Indiana Standard
F. W. Dodge Co
National Industrial Conference Board
East West trade views changing in a divided Europe
Romania reports mixed Western views on trade with Communist Eastern Europe. Some see negotiation as bridges across the gulf while others warn that easing barriers could empower Moscow. Observers cite new plants in Romania and Bulgaria, nuclear stations in Hungary, guarded airbases, and military deployment as context for risk.
MENTIONED IN THIS ARTICLE
N.C. National Bank
North Carolina
Tional Association of Securities Dealers
Ne Life Inc
P & Wi
Piedmont Aviation
Iedmont
Pierce & S
Public Service
Southland
Atlanta
Ge Petro
Texize Chemicals
Textiles, Inc C.M.C. Finance
Brush Gorgieem
Plastics Cannon Mills
Thomasville Furniture
Carolina Casualty Ins
Tidewater Natural Gas
Carolina Mills, Inc
Carolina Natural Gas
Trans Bus
Carolina P&l
Carolinas Capital Corp
Travelers Insurance
United Family Life Central Vermont
U.S. Leasing
Cable Dairy
U.S. Realty
Wachovia Bank
Shoe Colonial
Walker
Western Carolina
Tel
Love i
Orp
Power & Gas
Columbus Plastic
Commonwealth Life Ins
Whitin Machine Works Consolidated Credit Woe
Nein Craig System
Eastern Utilities
Eazor
Fieldcrest Mills, Inc Lity
Bankers Life
First Southern Co. Com
First Southern Co
First Union
Fox
Franklin Life
Gilavickel J. Com
General
Georgia
Southern Real
Green
A. Gulf Life Insurance
Hanes, P.H. Knitting
Herris-Ti Mme
Interstate Life & Accid
Vey
Life Ins
Kaiser
Luck’s Inc
M&f Graphic Arts i Industries
Near Corp
National Food Dbm
National Life & Accid
Old Line Life
Homes
New Homes
American Life
Bucharest
Romania
Europe
Soviet Bloc
Moscow
Johnson
Gulf
Hungary
Bulgaria
Sofia
Also Mentioned on This Page
THE
Ncnb Stock Index
South Carolina
WoyDonalld
Washington
Connecticut
Mutual
George D. Davis, C.L.A
R. Delbert Kirkman
Ralph C. Davis
William R. Taylor, Jr
N. Main St
High Point, N. C
Wachovia Bank Bidg
Greensboro, N. C
Life Accident & Health Group Pension Plans
High Point Bank
Life Insurance
Edgar T
Docbrow
Bob L. Parrish
C.L.A
Piel Lye Insurance CO
First Union Nat l. Bank Bldg
Professional Life Insurance Service
Geo. P. Clark Cl.u
Lyon
New England Life
Mutual Life Insurance
America
Roger Lane
AP Business News
James J. Saxon
Tom
UAW
Ford
Joe Honeycutt
J. Sturgis
MAY & CO
Stocks & Bonds
Richard O’regan
AP World Spotlight
John Diffendal
VU Piedmont Insurance & Realty Company
North Wrenn St
High Point
Occidental
Royal Protector
Occidental Sys Fronance Company
Wickeliff Ave
ATCO
CCE
General Insurance
Eda Wei
John W. Herndon
John. C. Hawkins
REED
Realty
Local Savings & Loan
FHA
Thomasville
Johnson Motor Lines
Giannr Stine
Atewood Ave
Aate
W. Green
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