Retailers eye strong summer sales and advertising push
Industry survey shows half of retailers expect better summer sales than 1957 with 23 percent aiming to match and 23 percent expecting declines. Merchants plan aggressive advertising and expect 93 percent of budgets in newspapers, 5 percent radio, 2 percent TV. many will delay clearance sales until after July 15.
MENTIONED IN THIS ARTICLE
Bureau of Advertising of the
American and Publishers Assn
The
Grr Tetion
Insurance sales convention attendance in Columbus
Henry J. York H. C. Johnson J. C. Boyles and Lloyd T. Mitchell will attend Nationwide Insurance sales convention in Columbus Ohio from June 29 to July 1.
MENTIONED IN THIS ARTICLE
Henry J. York
H. C. Johnson
J. C. Boyles
Lloyd T. Mitchell
Nationwide Insurance
Columbus
Ohio
Security Quotations from Markets June Nineteen Fifty Eight
Unofficial bid and asked prices from the National Association of Security Dealers and other sources list ranges as of June 10 1958 for numerous firms including Atlantic Steel Carolina Tel Carolina Wholesale Florist and Firestone related names. The table notes bid and asked percentages for each company and emphasizes quotations are for guidance rather than actual transactions.
MENTIONED IN THIS ARTICLE
National Association of Security Dealers, Inc
Dams Engineering Co
Amotomon
Blue Ridge Insula
Butter’s Inc
Cannon Mills
Cape Fear Wood Press
Carolina Casualty Ins
Carolina P&l
Carolina Tel & Tel
Carolina Wholesale Florist
Central Telephone
Century Food Markets
Cerlist Diesel
Sscscessee
Chatham Manufacturing Co
Colonial Stores
Collyer Wire
Sssceceeees
Commonwealth Life Sss
Cone Mills
Eeees
Continental
Copeland
Delhi Taylor Oil
Pebucd Il
Amer Hospital Supply
Amer Marietta
Amer Commercial Bank
Arden Farms
Meoes
Arnold Stone Company
Atlanta Gas Light
Atlantic Steel
Domestic
Donnelley R.R. & Sons
Drexel
Garfinckel
Eevsees General
Griggs Equipment
Guardian Consumers
Guilford National Bank
Gulf Cities Gap
Ay Miles Lab Inn
Pescioccee
Mississippi Shipping
Moore Handley Hardware
National Food
Csrteeres Nationwide Corporation
Seeee Lt
Holiday Inns of America
Home Finance Group
Inter Mountain Tel
Div Services
Syn of
Canada
Life & Casualty
Tife Companies Inc
Stran
Sae Oe
Ithium Rp of America
Lone Star Steel
Lucky Stores
Seecesees
MacMillan Company
Occidental Life
Ohio State Life
Olen Company
Overnite Transportation
Peninsular Life Penn Controls
Penn Fruit Co
Pideeeees
Shviend
Sonoco
Outhern Heritage
Southern Plastics
Southeastern Factors
Southeastern Pund
Southland Life
State Loan & Finance
Time, Inc
Towmotor Corp
Trans Gas Pipeline
Travelers Insurance Com
Twin Coach
Ove Bum Union Ae Bank
United Ins Co
Am U.S. Life Insurance Co
Wachovia Bank & Ww
Watson Brothers Senseocse
Western
Park Prices Climb For New High
Chicago AP report shows hog prices rising for the second week in a row with Thursday peaking at 25 dollars, the highest since July 1954. Weekly hog receipts at 33 000 were the smallest since February, and 12 markets saw 260 000 head, the least since last August. Cattle arrivals Friday were the year’s largest single day but weekly receipts fell 8 percent from the prior week. Slaughter steers made up about 70 percent of offerings with some higher grades showing, while pork wholesale cuts fell up to 3 dollars yet overall barrow prices averaged 23.63 dollars, highest since July 1954.
MENTIONED IN THIS ARTICLE
Chicago
James L. Neely Appointed Manager of Hedrick Coal and Oil Co
James L. Neely of Baltimore, formerly High Point, is named manager of Hedrick Coal and Oil Co. effective tomorrow. He is a UNC business administration graduate, previously with Shell Oil in Baltimore, and is married to Betty Jean Summers with three daughters. He and his wife will live at 332 Woodrow Ave.
MENTIONED IN THIS ARTICLE
James L. Neely
Baltimore
High Point
Hedrick Coal and Oil Co
John R. Summers
Neely
University of North Carolina
Shell Oil Co
E. A
Steve” Neely
Penny Rd
Betty Jean Summers
Neelys
Woodrow Ave
Bonds Fall In Week Of Losses
In New York the government bond market suffered a sharp decline driven by speculative interest in June issues and a rumor of a shift from easy money policy. Prices dropped, then partly recovered after the Fed denied a policy change. Corporate bonds fell across rails and industrials while utilities edged up slightly. Trading volume on the NYSE eased versus the prior week.
MENTIONED IN THIS ARTICLE
New York
Treasury
Federal Reserve Board
Federal Reserve
New York Stock Exchange
Market Breaks Win Streak As Stocks End Week With Loss
The market ended a four week rise streak with a slight weekly loss amid a Thursday dip the worst of the year. Heavy selling pushed down prices while Friday rebound recouped over half the prior day's losses. Analysts linked the drop to fears of tighter money policy and possible Fed action. The report notes declines in government bonds alongside stock weakness as a response to monetary policy signals.
MENTIONED IN THIS ARTICLE
Associated Press
Federal Reserve Board
Washington
Federal Reserve
Secretary Anderson Says He Faces Critic At Home
Robert B. Anderson, secretary of the Treasury, noted a teenager at home who quipped about his speeches. He described an easy-money policy slowing and rail stocks rising after the Senate’s measure requiring House approval. The Associated Press average of 60 stocks fell 50 cents to 173.80 for the week.
MENTIONED IN THIS ARTICLE
New York
Robert B. Anderson
the Treasury
Senate
Rails
Associated Press
Also Mentioned on This Page
By Joe Brown
Norfolk
Virginia
Maryland
North Carolina
Vance Kester
Merchants Association
Association
Credit Bureau
Kester
Arthur Corpening
Raleigh
Charlotte
Winston - Salem
Durham
Asheville
Gastonia
Wilmington
Thomasville
Fayetteville
Kinston
Lexington
Salisbury
Wilson
American-Marietta Co
James Neely
Spivey
Hardware Mutual
Carolinas
P.O. Box
Mrs. Miller
DIAL
E. C. Hamrick, W. G. Thorne and
R. M. Southerland
Robert M. Southerland
C. E. Elberson and Company OF
Winston-Salem
Hamrick
Thorne, Southerland and Company
Certified Public Accountants
Reynolds Building
Winston-Salem, N. C
NTE
Vaoon Me
MJ A
Thomasv
Rox Mutual Funds
Call J. Sturgis
MAY & CO
Piedmont
Wachovia Bank & Trust
Jefferson Standard Life
J. B. Ivey & Co
J. Sturgis May & CO
Security Bank
Bich
N. Main
Member
Federal Deposit Insurance Corporation
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