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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 20, 1958
Page
5
Readers report improved sales since July Fourth with optimism that consumer demand will hold through summer. Appliance, furniture, and specialty shops note rising traffic and buying activity, while industry expansion and promotions boost confidence in a steady recovery.
National Upholstery Co adds 10 000 square feet to its production area on National Road reaching 70 000 square feet on a single floor. The expansion, due to finish in about 60 days, follows the firm’s 24 year history begun by R B Culler Sr and a move to the current plant 16 months ago. Ground searchers with two planes and an Air Force helicopter failed to locate missing children in a daylong sweep of roadless brush and bog nearby.
Inspection tour notes free for Adams-Millis supervisor. The local firm reports inquiries from Spain, Portugal, Italy, and many regions including South America and Canada about Getaz Gusset week in April 1958. Daily retail car deliveries averaged 15 500 in late March, up 19 percent from mid March.
The bids and asks shown are unofficial quotations not representing actual trades. They serve as a guide to the approximate range within which these securities could have been sold or bought at the time of compilation on July 17, with origin of quotation provided on request.
The week saw a fourth straight advance as defense-linked steels and aircraft stocks rose while oils, foods, drugs, and gold mining issues dipped. The Associated Press 60-stock average rose to 178.10 and the Dow-Jones hit 486.55, with heavy trading volume.
The United States holds 450 million acres suitable for cultivation. It accounts for 41 percent of global cotton production and 29 percent of global tobacco production.
The Southern Retail Furniture Association will sponsor a management institute at the University of North Carolina at Chapel Hill from August 18 through 22. James Best SRFA executive vice president said registration starts Sunday afternoon August 17 in the Carolina Inn lobby. The program covers sales promotion credits collections executive effectiveness cost markup computing personnel selection and related management topics. Reservations are available at the SRFA office.
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