Stocks Break Sharply in Week Decline
The Associated Press average of 60 stocks ended at 251.1, the steepest weekly drop since June, down from 257.9 a week earlier. The commodity index slipped to 160.0 from 160.5, led by weaker food and livestock groups.
MENTIONED IN THIS ARTICLE
Associated Press
Food and Livestock
New Mat Service Inc Formed In High Point
Secretary of State Thad Eure issued a charter for Mat Service Inc of High Point to prepare and produce stereotype mats. C Ed Kemp is president with David C Gadd as vice president and Jessie R Kemp as secretary treasurer. Production to begin around March 10 at 3001 N Main St High Point. Initial focus on newspaper mat services for furniture makers. It also lists upcoming real estate education conferences across six cities March 12 13 14 and 19 20 21 sponsored by NCAA with local boards. Bill Sharp Jr elected to Say A Stop Inc board of directors. Leggett Platt names Southland Bedding as warehouse agents in the region. Henry Lovett owner and Richard Hartley rep for Southland Bedding. Harold L Culler High Point reps Lincoln National Life Insurance ranked 21st in January by Say yes. Elbert A Hamilton completed three weeks of training at State Farm Bloomington home office. FE O Lane awarded Certificate of Achievement for 15th Career School in Life Underwriting. R H Watts completed Pre Debit Training with Southern Life Insurance Co. Attended Cloudburst Celebration in Atlanta for NC Mutual Life Insurance agency directors. Mrs Hattie Campbell and Charles Addison attended.
MENTIONED IN THIS ARTICLE
Thad Eure
Mat Service Inc
High Point
C. Ed Kemp
David C. Gadd
Jessie R. Kemp
Treas
Kemp
N. Main St
Rocky Mount
Jacksonville
Sanford
Charlotte
Winston-Salem
Asheville
Harry G. Brown
North Carolina Association of Realtors
NCAA
Brown
William W
Bill) Sharp Jr
Acclaim Hosiery Mills Inc
Say-A-Stop Inc
B. E. Griffin
Say- A-Stop Inc
Fla
Roanoke
iSharp
Acclaim
Sharp
Chadbourn Hosiery Mills Inc
Mack, Judson and Voehringer Inc
Madison
N. C
Wake Forest
National Lefthanded Golfers Assn
Harold L. Culler
Lincoln National Life Insurance Co
Raymond E. King
Henry W. Persons
Culler
Elbert A. Hamilton
S. Main St
Bloomington
Hamilton
Raleigh
State Farm Mutual Automobile Insurance Co
State Farm
FE. O. Lane
Jefferson Standard Life Insurance Co
Greensboro
Lane
Jefferson Standard
States
District of Columbia
Hanes, P. H. Knitting
National Association
Harris Teeter of
Securities Dealers, Inc
Holiday Inns
Huyck Corp
Intermountain Tel
Life & Accid
Ivey
J. B
1846
Jackson Minit Morkele
Jefferson Ltd. Life
Kaiser Steel
Kavanaugh Smith
Alice Land Devree
Ketchum & Company
Allied Security Geese
Lance, Inc
Allvac Metals S
American & Efird
Liberty Loan
American Cryogenics
Life & Casualty
American Comm’s Agency
Lil General Stores
American Discount
Lucky Stores
Amer. Fidelity
Luck’s Inc Bs
American Land
Maxson, W. L. Corp
American
McLean Industries
Atlanta Gas Light
Moore
Nat'l Dev. Corp
Bassett Furniture
National Food
Billups Western Petro
National Old Line Life
Bive Bel! Inc
National Life & Accid Glia
Boston Capital, Inc
Nationwide
Bowater Paper
Brush
New Britain Machine
Co. M. C. Finance
North American Life
National Bank
CFM Corporation N.C
Cannon Mills B ‘ N C. Natural Gas
Carolinas Capital Eeeee
Carolina Casualty Ins
Occidental Life
Carolina Natural Gas
Ohio State Life
Carolina P & L
Carolina Tel & Tel
Central Telephone
Peninsular Lite
Vermont
Textile Corp. Coastal Plain Life Ins. Co
P&n Railway
Cable Dairy
Piedmont Aviation One
Colonial Stores
Piedmont Natural Gas
Pidsence
State Capital Life
First Co. Ptd
State Loan
First Union Natl Bank
Sterling Inv. Fund
Fox Stanley
Stevens Markets
Franklin Life
Stevens
Pfd
Futterman Corp
Garfinckel J. Com
Still Man
Superior
S. E. Pfd
Texize Chemicals
Georgia International
Textiles, Inc
Thermo Plastics
Green
Thomasville Inds
Griggs Equipment
Kennedy presses large tax cuts amid criticism and steady industry gains
President Kennedy urged prompt broad tax cuts to avoid a fifth postwar recession, signaling willingness to relax reform aims. Critics led by AFL-CIO and lawmakers faulted the plan’s details while economy signs showed gains: steel, retail sales, construction, auto sales, and durable goods orders rising.
MENTIONED IN THIS ARTICLE
Kennedy
Lake Norman Opens Public Access Areas by April 15
Duke Power announces four Lake Norman public access sites opening free to the public by April 15 with three ready by March 1. The lake spans 33 miles with a 510 mile shoreline touching Mecklenburg Iredell Lincoln and Catawba counties.
MENTIONED IN THIS ARTICLE
Lake Norman
Charlotte
Duke Power Co
Duke Power
Ing
North Carolina
Mecklenburg and
Iredell
Lincoln and
Catawba
Duke
Duke Power Company
Travelodge names and finance firms cited in security quotations
A fragmented listing references Travelodge Corp and several finance and utility firms including U S Leasing U S Realty Wachovia Bank Walter Jim Watson Bros Trans Western Power and Gas Wright Homes Zonolite Co. The item reads as a set of quoted securities or lease terms without full context.
MENTIONED IN THIS ARTICLE
Ank ‘Walter, Jim Watson Bros
Trans
Western Pwr. & Gas
Wright Homes
Zonolite Co
Hampton joins Duke Power Staff
John R. Hampton planning director of the Western North Carolina Regional Planning Commission resigns to become an industrial development representative with Duke Power Co. He will cover western counties, joining Creed F. Gilley’s team in Charlotte. 募 He has worked in Asheville since 1958 and holds UNC degrees plus Yale credentials.
MENTIONED IN THIS ARTICLE
Charlotte
John R. Hampton
Western North Carolina Regional Planning Commission
Duke Power Co
Hampton
Asheville
Leaksville
University of North Carolina
UNC
Yale University
Duke Power
Creed F. Gilley
Duke
Durham
Anderson, S. C
City
Philadelphia
Delaware County
Wichita, Kan
Skidmore
Owens & Merrill
Tennessee Eastman Co
Eastman Kodak Co
Linde Air Products
Piedmont to Host F-27 Maintenance Meeting in Winston-Salem
Piedmont Airlines will host the Air Transport Association F-27 maintenance meeting in Winston-Salem May 7 and 9. Over 75 representatives from eight U S local service airlines using the Fairchild F-27 are expected, along with executives from F-27 manufacturers and suppliers. The event marks Piedmont’s first time hosting the annual gathering.
MENTIONED IN THIS ARTICLE
Winston-Salem
United States
Piedmont Airlines
Air Transport Assn
Piedmont
Las Vegas
Nev
U. S
R. S. Macklin
Macklin
T. H. Davis
H. K. Saunders
Smith Reynolds Airport
Charlotte Firm To Expand Here
Barnhardt Manufacturing Co. of Charlotte plans a fabricating and distribution plant in High Point on Prospect Street Ext. The $100,000 operation will start with 10 workers under plant manager Glenn A. Hinds and sales head Ed Saunders. The new facility will produce cotton felt products Ciron foam goods and Bondflex resin bound cotton fibers for local and area distribution.
MENTIONED IN THIS ARTICLE
Barnhardt Manufacturing Co
Charlotte
High Point
T. M. Barnhardt
Prospect Street
Glenn A. Hinds
Ed Saunders
Earnhardt Manufacturing Co
North Carolina
Bondflex
Also Mentioned on This Page
Jen
Mey
Tary Club
Sedgefield Country Club
National Guard
Leggett & Platt Co
Louisville
Southland Bedding Co
English Rd
Henry Lovett
Richard D. Hartley
Southern Life Insurance Co
R. H. Watts
Hattie Campbell
Charles Addison
Atlanta
North Carolina Mutual Life Insurance Co
Campbell
Addison
By Joe Brown
By Roger Lane
AP Business News
New York
Afl-Cio Executive Council
Sen
William Proxmire
D-Wis
House
Ways and Means Committee
Douglas Dillon
Capitol Hill
Labor Department
Iredell County
Lincoln County
Cook Road
Mecklenburg County
Mayhew
McHenry Chapel Church
Cowans Ford Dam
Catawba River
Cowans Ford
Power
East Monico
Lake Front
Travelers Insurance
Travelodge Corp
U.S. Leasing
U. S. Realty
Wachovia B
O'S
Robert A. McCuiton
Spas Ree
Janet Smith
Knoxville, Penna
Professional Life Insurance Service
George P. Clark, C.L.A
NEW England Life
Mutual Life Insurance
America
Edgar T. Doobrow
Bob Parrish
Henry L. Groome Jr
Wright
Lilel Lye Insurance
Allied For Investor Service
Allied Securities Corporation
Ralph E. Deatherage
Powell, Kistler & Son
THE
NEW York Stock Exchange
Charlotte Firm
Earnhardt
Johnson Electronics
Wickliff Ave
Occidental Appraurance OF
M. D. Keith
Optometrist
Hayden Place
College St
Joe Honeycutt
Charles E. Diffendal, JR
Southeastern Securities Corporation
Charlotte - Greensboro
Philadelphia-Baltimore Stock Exchange
Rowe Furn. Co
L’il
Pepsi Cola United
American Furn. Co
Universal Pub. & Dist
Nail Bank