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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 24, 1955
Page
5
A dense list of security quotations shows numerous companies and financial instruments with their latest price percentages. The page includes banks, insurance firms, mills, textile and utility stocks, along with bonds and preferred shares, reflecting a broad market snapshot.
Sylvania Electric Products Inc reports 1955 Q2 net profit of 2,840,264, more than double 1954, with first half profit 6,088,019. Second quarter earnings 87 cents per share on 2,961,520 shares. first half 1.90 per share. Q2 sales 64,733,722. first half 138,713,349, up 8 and 9 percent respectively.
James W. Best, sales and promotion director at Dallas, Inc., chosen to direct SRFA sales training. John H. Tobin, executive vice president of the SRFA, announced Best will assume duties on a date to be set.
Prosperity rises in High Point as 11,800 families generate 61.76 million dollars in net income last year, a per family average of 5234, with retail sales reaching 53.16 million. The city’s buying power exceeds the national average by five percent with a quality of market index of 105.
New York reports first six months profits up 40 percent year over year among 156 firms across major industries including steel, rail, airlines, cement, coal, paper and chemicals. Net income totals reach 778 million after taxes, with three firms posting losses and reserves for rapid plant amortization noted as a factor.
The Chamber of Commerce of the United States states that big business and small business coexist and depend on one another. Large firms act as assemblers and buyers for vast networks of small suppliers, confirming a thriving ecosystem rather than an imminent decline of small business.
Hartford. Trinity College biologist received a Six thousand five hundred dollar National Science Foundation grant for a three year study on tadpoles regenerating hind legs after amputation.
Furniture producers closed a successful mid summer market drawing 6138 buyers from 3 countries and 26 states. A new group formed as Furniture Factories Marketing Association of the South will set dates for spring and fall shows and address regional marketing. President is W M Bassett with Harold Coffey as vice president and Tom A Finch as secretary treasurer. The fall market opens October 24 with next springs starting April 23 1956. Small retailers want order pace steady while producers expect strong 1955 output possibly beating 1953 by 15 to 20 percent despite peak competition.
Morpul machines adapted for juvenile sock production are now used by Kiddie Tot Hosiery Mills. Output may reach 2 000 dozens weekly for Rudin Roth of New York. Machines were purchased from Edley Machine Co in High Point. The plant runs three shifts, 64 days a week, with orders rising since January.
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