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High Point Enterprise in High Point, North Carolina

03 Jun 1962

Page 7

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High Point Enterprise June 3, 1962 Page 7 old newspaper archives

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Jun 03, 1962

Page

7

Market Wobbles After Busy Week In Investment World

Local brokers report a rough week with value eroded after the black Monday drop but a strong recovery and renewed buying. Traders and investors differ on confidence as public interest in investments resurges amid steady industrial profits and no dividend cuts. North Carolina National Bank signs two all transistors for data centers in Charlotte and Greensboro valued around 12 million dollars.

MENTIONED IN THIS ARTICLE

North Carolina National Bank General Electric Co Charlotte Greensboro Ed Pleasants North Carolina National Hamilton Mfg National Association of Harris Teeter Securities Dealers, Inc Horne’s Huyck Corp Intermtn Tel Ivey, J. B. & Co Jackson Minit Jefferson Ltd Life Kaiser Steel Kavanaugh Smith W Ketchum & Company Lance 4A Law Blower Adams Engineering American Discount McLean Industries American Land Natl, Dev. Corp Atlanta Gas Light Nationwide Homes Com BBS Nationwide Bassett Furniture Nat'l Old Line Life Bil Western Petro New Britain Machine Co Blue Bell, Inc North American Life Bowater Paper N. C. National Bank Wu Brush N. C. Natural Gas Co. M. C. Finance N. C. Telephone CFM Corporation Occidental Life Cannon Mills N.C Central Vermont Pyramid Life Colonial Republic Nat! Life Rose’s Rowe Furniture Savannah Elect. & Pwr Fdactodden Ps Cone Mills Savannah Sugar & Resin Beeede Me Consolidated Credit Shield Bantam Craig System Scott Foresman Culligan, Inc Scott Mattson Farms Donnel , RR & Sons Security Drexel Enterprises Security Life Trust Pete Eeveees O Sonoco Products K Dynatronics Eevee Veee Soroban Engineering Eastern Util Frontier Finance Economic Laboratories Southern Nitrogen State Capital Life Erene Seeeseeeear State Loan & Fin Fidelity Bankers Life First Sou Eeee Stevens Markets First Sou. Co. P Enereee Stevens Ener Stiil-Man Mfg National Bank Peewee Eer Eeranne Nus Superior Cable i . Eer Textie Chemicals Textiles, Inc Thermo Plastics Thomasville Inds A. P Tidewater Natural Great Time, Inc Gulf Cities Gas Eeeresuccese Towmotor Corp Gulf Life Insurance Oe Trans. Gas Pipeline
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Princess Sophia Receives Grand Cross in Madrid

In Madrid Greece's Princess Sophia was awarded the Grand Cross of King Carlos III and Prince Juan Carlos was accorded the collar of the Grand Cross. Franco's government is shaping the prince for a potential throne revival.

MENTIONED IN THIS ARTICLE

Madrid Spain Francisco Franco Carlos III Greece Sophia Juan Carlos Franco
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Alderman Designer Wins 1000 Dollar Design Prize

Bill Story, designer for Alderman's Studios, won a 1000 dollar prize in a national design competition by Cel enase Corp in the Southeastern Region for a family room living room design using fabrics. A Petersburg Virginia native, he studied at University of Richmond and Richmond Professional Institute before joining Alderman's after graduating from RPI. He lives in William and Mary Apartments.

MENTIONED IN THIS ARTICLE

Bill Story Alderman’s Celenase Corp Story Alderman's Petersburg University of Richmond Richmond Professional Institute RPI Miller- Rhodes Department Store Richmond Alderman's Design William and Mary Apartments
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Building Activity Expands as Auto and Steel Rise

The AP reports a brisk expansion in building activity with auto and steel production up. Amid a volatile market, officials warned against panic selling while noting inflation concerns and a shift toward safer sav ings as stock prices fluctuated and the Dow briefly fell to levels near 1960.

MENTIONED IN THIS ARTICLE

American Stock Exchange Edwin Posner
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After hectic week Wall Street eyes new trading week

Wall Street ended a volatile week near where it began with investors cautious about markets stabilizing and valuing fundamentals. Merrill Lynch and Bache & Co urged realism and focus on proven quality and current income as volume surged to levels not seen since 1933.

MENTIONED IN THIS ARTICLE

New York Wall Street Merrill Lynch, Pierce, Fenner & Smith Inc Bache & Co
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Also Mentioned on This Page

By Joe Brown W. L. Stanley Jr W.L. Stanley Theehormer High P. A. Thomas Car Works Susan Creech Thomasville N. C. State College American Furniture Co Martinsville, Va Sam F. Smith Jr Richard M. Simmons Jr Stanley Mitchell Weant L. Kimsey Mann E. W. Weant Blue Bell West Coast G. E. Schultheiss Metropolitan Life Insurance Co San Francisco Calif Princess Art Richardson Darden Chambliss NEW York (Ap Treasury Douglas Dillon Kennedy Walter Heller President’s Council of Economic Advisers Commerce Luther Hodges House-Senate Joint Economic Committee Securities and Exchange Commission Cre Heller AP Business News Chamber of Commerce Buenos Aires Melbourne Johannesburg N. Main Street W. High Street Max Bones Travelers Insurance Travelodge Corp Twin Ind. Corp U. S. Chem. Milling A U. S. Realty Wachovia Bank Watson Bros. Trans Western aCrolina Tel Western Pwr. & Gas Wise Homes Wright Homes Zonolite Company Joe Honeycutt Life Insurance Wickcliff Ave Occidental Sfrsurana ’ Company of North Carolina wMome Raleigh Charles £. Diffendal JR Allied Securities Corp Mutual Funds High Pont Sturgis May & Co Standard Oil Co. of New Jersey Moore Handley Southern Hardware Distributors Des Seisak Wali Ia J. Sturgis May & CO N. Car Nat'l Bank Bldg M. D. Keith Hayden Place College St College St. Parking Lo Service Menu & Company Inc Park Ave. S Southern Rep Otis L. Holland Greensboro_ Tel Professional Life Insurance Service George P. Clark C.L.A NEW England Life Mutual Life Insurance America N. Main St Pension Robert A McCuiston Edgar T. Docbrow Accident & Health Powell, Kistler S. Main St Fayetteville, Kinston& High Point, N. C Norfolk, Va Orlando, Fla Myrtle Beach S. C The N. Y. Stock Exchange High Point Lions Club Professional Organi North Carolina Eye Bank Guilford Industries W. H. Linthicum, Jr Sam Garwood
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