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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 13, 1960
Page
5
Weather turmoil freezes dozens of construction projects from a new school to utility works. February building permits total 1.83 million, up from 1.02 million last year, as firms shift crews to snow removal and others press on with government contracts and local business ties.
Neill Pontiac displays a replica of the International Fashion Council's annual award in Detroit, honoring Pontiac's 1960 car styling leadership. IFC director Jana Ages presented the prize to Pontiac general manager S. E. Knudsen.
The Herald Tribune News Service reports a slight dip in the general business index to 197.2 from 197.6, with a year-ago reading of 190.1. Steel output this week sits at 2,647,000 tons or 92.9 percent capacity, a small rise from last week. year-ago level was 162.1 percent. Food wholesale prices increase to 5.84 from 5.81, 4.7 percent below last year. Purchasing Agents survey shows 24 percent in production up, 13 percent down, 63 percent unchanged. new business up for 28 percent, down for 25 percent, rest unchanged.
The American Toy Fair in New York shows orders up to 50 percent ahead of last year and toy sales totaling over 1.6 billion in 1959. Dealers face a year round market with free credit sales. some warn retailers against over buying amid economic worries. Bank regulators clash over three percent interest rate ceilings as bankers push for uniform rules.
The bid and asked prices shown are unofficial and sourced from NASD and other quotations. They serve as a guide to approximate ranges within which securities could have been sold or bought at the time of compilation. Origin of quotations available upon request.
Federal watchdogs provide only token protection for mutual fund investors. The SEC, with 551 registered investment companies and 4 4 inspections to date, faces manpower limits. Chairman Edward N. Gadsby urges Congress to add inspectors to enable a two year inspection cycle for better investor protection.
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