Optimism Boosts Hosiery and Furniture Industries
Industry sources report orders rising after the July 4 holiday with some full-fashion work resumed. Furniture sector shows strong gains at the Forest Products Research Society meeting in Buffalo with 1957 second quarter up 33.6 percent over the prior quarter and 13.7 percent over last year. Johnston Erwin acquires Allison Erwin southern division assets, expanding in Georgia and Tennessee with new leadership.
MENTIONED IN THIS ARTICLE
Tae Tha Ennet Mawt Hastacwes Cov
The
Forest Products Research Society
Buffalo
N. Y
Johnston-Erwin Co
Allison Erwin Company
Southern
Atlanta
Albany
Montgomery
Johnston-Erwin
Allison- Erwin
Georgia
Alabama
Tennessee
Jack Johnston
Allison-Erwin
J. C. Erwin
Business Still Good Despite Slumps
New York June 22 1957 business shows a mixed pattern with some strength in air cooling demand and electric output up 3 percent while retail cash registers improved little. Copper and zinc cutbacks hit prices with copper down to 29.5 cents and Anaconda reducing Nevada output by 16 percent.
MENTIONED IN THIS ARTICLE
New York
Buick
Chrysler
Dodge
Desoto
Mabedig Cikeeret
Chase Manhattan Bank
Anaconda
Nevada
Federal Reserve Board
Indus
Hosiery Mills Discharging Workers in Concord
Two hosiery mills in Concord begin mass layoffs as 128 knitters lose jobs. The Nolde and Horst Co. and Hoover Hosiery Mill announce cuts with 58 and 70 workers affected, while remaining staff keep operations and transfers to other plants are planned.
MENTIONED IN THIS ARTICLE
Concord
N.C
Employment Rap Commission
Nolde and Horst Co
Hugh Gray Hosiery Co
Hoover Hosiery
Hoover Mill
Alice
C. Isley
Cheat Roth Director and Co
Nolde Horst
Appointment At Sears Is Announced
Edge from Columbia, a Sears department manager, is announced for a promotion. He served four years in the Navy and spent two years with Sears. A Wofford College graduate, he and his wife will reside on Route 3 in Ardale.
MENTIONED IN THIS ARTICLE
Edge
Columbia
D. C
Sears
Wofford College
Spartanburg
S. C
Archdale
Market Slump Dents NY Stock Exchange Values
New York June 22 The stock market suffered its worst setback in five months as the Associated Press average of 60 stocks fell 4.70 to 181.40. The decline pierced the January 4 1957 high of 182.00 and followed a climb to 186.40 on June 13. Treasury short term borrowing costs also rose to a 24 year high.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
U.S. Treasury
Associated Press
Spinning Wheel Still In Use By Rug Weaver
In Ludlow Illinois Mrs. Margaret Minyard 83 continues rug weaving with a 150 year old spinning wheel. She learned to spin in Kentucky on the same wheel her grandfather carved and it now serves the fourth generation of her family in her home workshop.
MENTIONED IN THIS ARTICLE
Ludlow
Ill
Margaret Minyard
Typifies States In the Great Seal of the United
A historical note describes the eagle on the Great Seal, focusing on its breast and the symbolic elements displayed within the emblem. The feature highlights how state symbolism is reflected in the national insignia. The description emphasizes traditional heraldic details and the enduring imagery used to represent the union.
Bonds Reach New Low In Slump
New York June 22 bonds and corporate convertibles fell sharply as stock markets retreated. Government long term bonds hit historic lows while rail, industrials, utilities, and high grade issues held slight gains amid the busy six month trading volume. The 4 year 3s closed at 86 28 32 bid and the 30 year 3s at 93 bid. The 36 yield stood at 3.68 percent with various issues showing declines.
MENTIONED IN THIS ARTICLE
U.S
Also Mentioned on This Page
By Joe Brown
Howard R. Pancoast
Bryant Electric Co
National Association of Shirt, Pajama & Sportswear
Pancoast
Association
Mealpin
Charlotte
Southern Retail Furniture Assn
Piedmont Furniture Management
Carolinas
James Best
Ae Retail Furniture Associaon
Sord
Henry J. York
Nationwide Insurance Co
Atlantic City
N. J
Howard O. Williams
Adams- Millis Corp
Washington
Williams
Cost Department
Piedmont
National Association of Cost Accountants
Spivey
Hardware Mutual
P. O. Box
Horace Edge
Atlantic Steel Sewer
Atlas Gewing Centers Inc
Bank of America
Bassett
Cscessses
Batech & Lomb
A. J. Baylets
Beneficial Corp Beneficial Standard Life
Black Panther Company
Biue Bell Inc
Chatham
Mi¢ Co
Eevee Oo
Collyer Eee
Ewe Wee Commercial National Bank
Commonwealth Life of Ky
Cone Mills
Nee Corpeter
RR & Bon
Drexel
Mig Co “A
Art
Houston
Ane
Inter Mountain Teleoon
Svenwee
Syn of Canada AJ
I Trust Company
Ivey Jbm CO
Pia . Eatasee
Keystone Portland Cement
Pee Probs
Eerreee Finance Eee
Life & Casualty
Wee Life Companies Inc
Insurance Co
Vavee
Life Insurance Investors Lithium Corp of America
Lone Star Bteel
Seenee Eeeneeetee
Likedeenetene
Maryland Casualty
Eeees
Maxson Corp
Mclean Trucking
Miles Lab
Svee
Moore Handley Hardware
Eter
NA Insurance
Ohio State Life Eeeenee Cress
Overnite Transportation
Peninsview Life
Weeeeebee Penn Controls
Vere Ween
Penn Fruit Co Pia
Permutit Company
Ont Viation
Eeree
Piedmont Jatt Goo
Ceeee Ethene Ai
Potash Teree Sve Co
Veeet Pyramid Life Insurance
Reeves Soundcraft N
Rawleish
New England
George D. Davis, C.L.A
George P. Clark
Mil Lake 2
N. Main St
Industrials
J. Sturgis May & CO
High Point, N. C
Corporate
Goree Bonds
Prudential
Paul Owen
C.L.A
Special Agent
North Main &I
Wwwalite OF
America
Home Office
Newark
New Jersey
Jon L. Thomas
Convenient Bank
Main
Member
Federal Deposit Insurance Corporation
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