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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jul 27, 1958

Page

5

Market notes and new showroom plans spread across several cities

Attendance at Chicago New York Dallas and Atlanta markets was off while High Point held up. Stores buying on a hand to mouth basis warn of fall shortages if inventories are not rebuilt. Dallas exhibitors report encouraging business and backlogs in case goods and upholstery. SRFA plans Aug 18 22 management institute at UNC Chapel Hill led by Rex Winslow and James Best. Savings and loans in NC show strong first half 1958 net savings 54.1 million and mortgage loans up 18.5 million versus 1957. Bellomont plant sold for 60 thousand dollars to expand knitting production for Hazel. W. M. Grimes of Thomasville wins national contest. Hickory Manufacturing Co. to build 50 thousand showroom in fall market. Sales reps named for Chesco and Hickory-Fry. Insurance agents Ames Bullard Fletcher and McCuiston receive honors and allowances. Piedmont Natural Gas boosts common stock dividend to 25 cents Sept 15.

Chicago New York Dallas Atlanta High Point Srfa Institute Southern Retail Furniture Association University of North Carolina Chapel Hill Rex Winslow James Best SRFA Carroll School of Business Administration Home Loan Bank North Carolina North Carolina Savings and Loan Associations Hickory Manufacturing Co Hickory Hickory Furniture Co Irving Silverstein Chesco Chester Conn Ed Hoyle Jr Richmond Hickory-Fry Furniture Co Piedmont Natural Gas Co. Inc Charlotte Buell G. Duncan Holiday Inns of America Insurance Company Lenoir Finance Coves Levinestone Shipbuilding Life & Casualty Eae Compila- Life Companies Lone Star Steel Lucky Stores Maxson W.L. Corporation Adams Engineering MacMillan Company Aerotron Maryland Casualty Air Control McLean Industries Allvac Metals Miles Lab American Mississippi Shipping Amer & Efird Moore Handley Hardwa National Food American Hospital Supply Rece OO Nationwide Corporation American Marletta National Life & Accident Smerican Arden Farms Carl North American Life Oh Arnold Stone Company Penn Bassett Purniture Penn Prest Company Bayless A. J Penn Fruit Company Beneficial Corporation Pfaudler-Permutit Company Black Panther Piedmont Aviation Blue Bell, Inc Eeeee Piedmont Natural Gas Blue Ridge Ins One & Northern RR Brush Postal Life Butler's Inc Common Provident Life & Accident Cannon Mills “B” . Public Service Co N.C Cape Fear Wood Press Pyramid Life Insurance Carolina Casualty Ins Reeves Vee Caroling P & L Republic National Life Carolina Tel & Telseeeneee River Brand Rice Mills Carolina Wholesale Florist Roberts Company Central Electric and Gas Central ES Century Food Marke Schield Ateenee Cerlist Diesel Scripto Inc Chatham Manufacturing Common Security Life & Trust Colonial Stores Security National Skyland Life Eeeee Colonial Sevsee Southern Heritage Bat Collyer Wire Seseeveees Southern A Engineering Commonwealth Life Soueeeeenee Cone Mills Ssseesee Geatneottore Fund Weeeee Continental Gin Southland Life Ereevenee Standard Fruit State Loan & Finance “A Domestic Finance Group Sterling Investment Fund Stevens Markets Donnelley, R. R. & Sons Superior Cab Tee Sutton, O A. Pereeneeeeene Caibb Tampax Common Seeeee Texas Eastern Trans Kees Watson Brothers Carolina Tel Lapeer Er Ntsen West Point Mfg. Co Ssrseree Western Suies Te Saeeerreene Hanes P.H. Knitting

High Point Man Forms Company

Taylor R Kennerly of 1007 Wellington St High Point resigns as subdivision analyst with the Federal Housing Administration Greensboro to form Taylor Kennerly Construction Co Inc and work as an independent real estate appraiser. A UNC graduate and Marine Corps veteran he saw action in the South Pacific as a first lieutenant.

Taylor R. Kennerly Wellington St High Point Federal Housing Administration Greensboro Kennerly Taylor Kennerly Construction Co. Inc University of North Carolina Marine Corps South Pacific

Tar Heel Port Shipments Break Monthly Totals

Morehead City ship channel records a record month as the freighter Pioneer Maersk arrives to load 485 tobacco shipments totaling six million pounds. The Laust Maersk carries 250 hogsheads to the Far East, the Soestdyk 1 724 to the Netherlands and Germany, the Sally Maersk 316 to the Far East, and the Berlin 3 014 to Bremen with Greenland sailing plans. The Marine Dow Chem tanker loaded a car.

Morehead City N.C Moreheath Ciy Pioneer Maersk Pioneer- Maersk Laust- Maersk Far East Soestdyk Netherlands Germany Sally

Local leader Kennerly noted for service in High Point

Kennerly was recognized for his work with the Day Center for Handicapped Children in High Point and his roles on the High Point Lions Club board and First Presbyterian Church associate deacon. He also earned the FHA Superior Performance Award last year.

Association Kennerly Day Center High Point FHA

Bond Market Gains as Fed Buys Government Debt

New York AP reports strengthened bond markets after the Federal Reserve expanded open market purchases to include government bonds and short term notes. Treasuries firmed, with 30 year 3s near 98, 12 year 4s up, while corporate bond activity eased from recent weeks but remained above a year ago.

New York Federal Reserve System Fed Treasury New York Stock Exchange

Sears Catalog Cuts Prices in New Fall Winter Book

W H Hessee reports Sears Roebuck and Co. cuts average prices by .15 per cent in its 1,526 page fall and winter general catalog. TheHigh Point area stores receive the heaviest Sears book in 37 years weighing five pounds with 20 percent of pages in four colors. The price decrease comes from comparing over 2,000 items to the spring and summer 1937 edition issued last January.

Sears, Roebuck and Co W. H. Hessee High Point Sears Hessee

Also Mentioned on This Page

Federal Home Loan Bank of Greensboro Bellomont Frank G. Binswanger Inc National Industrial Realtors Hazel W. M. Grimes Thomasville Jones and Brown Inc Grimes Roofing and Siding Co Florida Georgia Alabama Mississippi Hoyle Virginia Sheppard K. Ames Jr Northwestern Mutual Life Insurance Co Ames Norman C. Cooper George C. Bullard Occidental Life Insurance Co Charles Fletcher Archdale Ocat Guyer St Fletcher By Joe Brown Joe Brown Enterprise News High Point Man Forms Company Taylor Kennerly Tar Heel Victor Griffitl Office Equipment CO N. Main St Ing J.B. Ivey & Company N. Car Fla S.C J. Sturgis May & CO High Point, N. C Homes & Business Spivey Hardware Mutual Aurance Compas Ft the Carolinad P. O. Box E Teleph VO Prt Hich PoInt Savings and Trusted North Main S. Main Member Federal Deposit Insurance Corporation
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