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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 21, 1957
Page
5
Early fall promotion aims to showcase the National Association of Hosiery Manufacturers Seal of Approval on hosiery meeting testing standards. Members urged to display seals on products for national promotion and store counters by autumn.
Robb Plumbing and Heating Co. announced plans for a new one story brick and block facility north of the city. The 11 000 square foot building will replace the present 117 119 W Lexing ton Ave site with space about 300 percent larger and is expected to be ready for bids and possible move in mid fall. The project may include future expansion and off street and exterior storage areas. George Robb, a native of England since 1924, lives at 808 Hillcrest Dr.
The Hopp family continues a pharmacy legacy begun by Daddy Hopp, who worked as a pharmacist from 1905 until his death in 1945. All four children, three daughters and a son, have likewise become pharmacists.
Examine potential for capital growth and steady income from a diversified portfolio of natural resources securities operating in the United States Canada and other markets. Focus on robust cash flows commodity exposure and risk management in global energy and materials sectors.
High Point native Jack C. Dillard engineers joins John C. Davis Plumbing and Heating Company after moving from Sumter. A 1947 Penn State mechanical engineer, he served as USAF Chief of Utilities for Ninth Air Force at Shaw AFB. He holds NC and SC professional licenses and will design estimates for the Davis contract.
New York stocks failed to break the 1956 high as profit taking dragged indices down after early gains. The market had briefly reached 1957 peaks earlier in the week before retreating, with Monday starting higher yet weakening as investors paused.
New York reports bond prices continuing the down trend across corporate and government issues. After a quiet fortnight with a slight advance, markets slid this week as Treasury obligations joined the pattern with definite declines beyond a half point.
Lead firms posted mixed results as Du Pont and General Electric reported earnings. The market as a whole finished lower, with broad declines across sectors and components.
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