Retail gains noted in soft goods and graduation season
A week after a cautious industry review, spot checks show more upbeat retail signals, especially in soft goods as graduation trade improves. May sales compare unfavorably to last year’s big month, but the year’s trend looks brighter when set against a normal year. Nationwide retailer survey predicts 69 percent expect better summer sales and major ad budgets remain aimed at newspapers. Robert L. Sink Jr. has been named supervisor for the Richmond district of Advance Store Co., bringing experience from multiple company stores and a forthcoming move to Richmond with his wife Patsy Leonard.
MENTIONED IN THIS ARTICLE
Bureau of Advertising
Robert L. Sink Jr
R. Leo Sink
Thomasville
Richmond, Va
District of the Advance Store Co
Sink
Kingsport
Tenn
Salisbury
Raleigh
Patsy Leonard
Lexington
Richmond
Federal Reserve
New York
Chicago
Cleveland
St. Louis
Minneapolis
Kansas City
Dallas
Philadelphia
San Francisco
Boston
Atlanta
Senate Appropriations Committee
Business Outlook Brightens Across Industrials
U S steel foresees higher August output as capacity usage climbs to 62.3 percent. May car sales hit 566,650, the best May since 1955, lifting yearly totals to 2,660,000 cars and a 12.9 percent rise. Eight Federal Reserve Banks cut discount rates from 4 to 3.5 percent, boosting liquidity and spending.
MENTIONED IN THIS ARTICLE
New York
Roger Blough
U.S. Steel Corp
Automobile
Chevrolet
General Motors
Heritage Francais Exhibit At New York Design Center
On Exhibit Heritage Furniture Co showcases a Leather in Decoration Show display at the National Design Center New York. Interior decorator Mary E Dunn organizes a Heritage Francais bedroom featuring Toulon Group pieces based on 18th Century French designs with leather used on walls and furniture.
MENTIONED IN THIS ARTICLE
Heritage Furniture Co
New York City
National Design Center
Mary E. Dunn
Heritage Francais
Heritage
Toulon
Architect Zimmerman to Open Office in High Point
Norman Zimmerman, architect, will open an office tomorrow at 1218 N Main St High Point. A North Carolina State College graduate 1957, licensed 1959, he served 2 1 2 years in the US Air Force as a design engineer at Seymour Johnson AFB Goldsboro. He has worked with Voorhees Everhart High Point Marion Ham Latimer Durham Wayne Koontz Salisbury. He resides on Tabor Street and is married to Fran Myers of High Point.
MENTIONED IN THIS ARTICLE
Norman Zimmerman
N. Main St
L. R. Zimmerman
Mulberry Lane
Zimmerman
High Point
North Carolina State College
U. S. Air Forces
Seymour Johnson Air Force Base
Goldsboro
Voorhees and Everhart
Marion Ham
John D. Latimer
Durham
Wayne Koontz
Salisbury
Tabor Street
Fran Myers
Textile Ins declares regular quarterly dividend of 10c
Textile Insurance Co announces a regular quarterly dividend of 10 cents per share payable June 10 to stockholders of record May 31. At the annual meeting D T Bailey, James A Bridger, James G Cage, Henry W Jordan and W L Lumpkin were re elected to the board. Bridger named chairman and Cage president. others re elected to executive and investment committees with Bowers as vice president and Ingle as secretary treasurer.
MENTIONED IN THIS ARTICLE
Textile Insurance Co
D. T. Bailey
Raleigh
James A. Bridger
Bladenboro
James G. Cage
High Point
Henry W. Jordan
Cedar Falls
W. L. Lumpkin
Louisburg
Charles E. Hayworth
E. M. Bartholomew
I. Paul Ingle
Cage
Jordan
Bridger
Richard D. Bowers
Ingle
Security Quotations from NASD Historical Guide
Unofficial bid and asked prices compiled June 10 1960 from NASD and other sources. Quotes indicate approximate ranges securities could have been sold or bought, with origin available upon request.
MENTIONED IN THIS ARTICLE
National Association of Securities Dealers, Inc
Automakers Stress Economy in New Compact Cars
The 1961 model year brings compact entries from Ford, GM, Chrysler, Rambler, and Studebaker, all touting operating economy. Ford Falcons and Comets promise strong sales while GM and Chrysler face production limits and optimistic but unmet targets amid cheaper repairs and lower maintenance costs.
MENTIONED IN THIS ARTICLE
Chrysler Corp
Ford
Rambler
Studebaker
Also Mentioned on This Page
By Joe Brown
New York Stock Exchange
Charles W. Farlow
Chalberg Company
Farlow
Liberty Rd
Dahlberg
Carolinas
Virginia
Virginia - Carolina Chemical Corp
Hoover Company
North Canton
Ohio
Harry Conn
Scully-Jones and Co
Greensboro
Piedmont Chapter
American Society For Tool and Manufacturing Engineers
Mayfair
Conn
Lewis Institute
Armour Tech
George D. Stenhouse
Midwest
Triangle Hosiery Co
Rutgers
Albert R. Wilson
Wachovia Bank and Trust Company
Stonier Graduate School of Banking
Rutgers ‘University
New Brunswick
N. J. Wilson
American Bankers Association
Wilson
Graduate School of Banking
Paul S. Owen
Prudential Insurance Co
Waldorf-Astoria
Owen
Hall of
Prudential
North Carolina
SUN Specialty CO
J. E. Lawdon
Sloan St
Charlotte
N. C. Jackson
Bible
Reinhard & Company, Inc
Fourth Ave
Adams Engineering
Aerotron
Efird
Retta
Merietta Pidt
Arnold Stone Co
Atlanta Gas Light
Bassett
Bayless
A. J
Black Panther
M. C. Finance
Sonal Millis
Carolina Casualty Ins
Sree
Carolina Oe
Carolina P. Swear
Central Elec
Carolina Tele
Sheen
Central
Cerlist Diesel
Chatham Pig
Corstal Plain Bite
Colonial
Colonial Stores
Pia
Commonwealth
Cone Mills
Copeland Refrigeration
Coral Ridge
Crown Alum
Aeateses
Deii Taylor
Donnelly, R. R. R.& Sons
Drackett Company
Cardit
Erwin Oper
Pidelity Bankers ‘Life
First Son, Son, Co
First Unionational Bank
Franklin Ae
Ebese
Priqikar Corp
Eeees
Garfinckel J
Geneeee i
Portland
Gulf Cities Gas
Gulf Life Insurance Aoesogue
Canada
Irving, Trust
Ivey, B.& Company
Jostana Minit
Jefferson Lake Petroleum
Jefferson Manterd Life
Kaiser Steel Weeneee
Life & Casualty Insurance
Life Companies, Inc. Owe Life Ins
Lone Star Steel
MacMillan Co
Maryland Casualty
Om Mawson, W. L. Corp
McLean Industries
Moore Handley Hdw
National Dev. Corp. Eeeeter
Sete
Seeeereed
Nationw
Peninsular
Sepenee
Ase li Plaudler-Permutit Sete
Eeee
Piedmont Aviation
Piedmont Natural Gassshaee
Piedmont & Northern Rwy
Public Soc
Ramidan
Ins
Racheish
Jeutessaees
Republic Sespant Bank
Rose's Sae Rowe Purniture
8Chiel Antam Eeeeee Soseeee AL
Searle, G. D. & Company
Security Life & * National Ove
Soroban Engineering
Southeastern Factors Ener
Southland Life Teeereee
State Capital Life
Thermo King
Thermoplastics
Time, Inc
Towmotor Corp
Traveler's Insurance
Wachovia
Detroit
George Romney
Ramblers
Falcon
Oldsmobile
Los Angeles
Efrem Zimbalist Jr
Stephanie Zimbalist
Community Property
Ter
Mbalist
Chrysler
Comet
Investment Services
Charles Diffendal
Diffendal
Carolina Securities Corporation
Midwest Stock Exchange Insurance
Soroban Engineering Company
RCA
Sperry-Rand
Soroban
J. Sturgis May & CO
Nat'l Bank
N. Car
E. O. Lane
Jefferson
North Main
S. Main
Member
Federal Deposit Insurance Corporation
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