Hosiery Industry Outlook Shows Mixed Signals
A survey of hosiery shows divergent views on the near term with some plants dull while others predict a better second quarter in 1959. Observers point to snowbound regions and low inventories as factors and note increased hiring ad volumes for training. Tomlinson Leigh Beard and Robert C. Link receive new field positions, and Harold I. McMahon becomes a Universal Wire Spring sales executive.
MENTIONED IN THIS ARTICLE
Midwest
New England
Ralph Miller
Tomlinson
Leigh Beard
Robert C. Link
Point
Beard
Cyril A. Rombach
Chicago
Link
Philadelphia
Harold I. McMahon
Universal Wire Spring Company
Bedford
Ohio
High
Port elected to P H Hanes board in Winston Salem
Richard B. Port advertising manager of P H Hanes Knitting Company and native of Winston Salem wins a seat on the firm’s board of directors. His wife Nancy Elizabeth Bennett Port is formerly of High Point. The couple and their two children live in Winston Salem.
MENTIONED IN THIS ARTICLE
High Pointer
P. H. Hanes Knitting Company
Winston-Salem
Richard B. Port
Winston-Salm
Deaths in Peninsular War From Oleander Skewer Fire
During the Peninsular War, some French soldiers died after roasting meat on skewers fashioned from fresh oleander twigs, an improvised method that caused fatal burns and poisoning.
Stock Market Faces Cautious Week With Light Volume
The market posted a second straight weekly decline amid cautious Wall Street mood. Four trading days produced 12,876,510 shares, with the Dow closing 606.58 and the Associated Press average down 2.10 to 221.70. Top NYSE movers included Benguet, Minute Maid, American Motors, Hupp Corp, and Avco.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Poten
American Stock Exchange
Federal Reserve Board
Dow Jones
Associated Press
New York Stock Exchange
Benguet
Minute Maid
American Motors
Hupp Corp
Avco
Savings and Loan Pass One Billion Dollar Asset Mark
North Carolina's savings and loan associations exceed one billion dollars in assets, a milestone the state insurance department calls phenomenal postwar growth. Ten years ago assets were 250 million with 170,000 members. now nearly 500,000 members and an average investment of 200 per Tar Heel. Deputy Insurance Commissioner notes industry paid over a million in bonuses or profits last year.
MENTIONED IN THIS ARTICLE
Raleigh
State Insurance Department
Aan
North Carolina
Deputy
Insurance Commission
Lines Reinstated By Chair Firm
Thomasville reintroduced twenty or more case goods lines that were pulled in late February for a cost reappraisal. A spokesman said some prices were raised. the lines were withdrawn because the company believed they had been sold as far ahead as advisable amid rising production costs.
MENTIONED IN THIS ARTICLE
Thomasville
Retaliation in Glen Burnie Over Night Shift Call
Police Sgt. Leroy Volrath who handles the graveyard shift snapped at an attorney after a late call about a minor accident. The next dawn he called back insisting he was working and asking for details of the incident.
MENTIONED IN THIS ARTICLE
Glen Burnie
Leroy Volrath
Volrath
Sgt
Henredon Expands Furniture Plant in Morganton
Henredon Furniture Industries plans a major expansion at its Morganton plant with grading underway for more than 100 000 square feet to boost bedroom dining room and table production. A January 40 000 square foot addition followed 1959 expansions that surpass the original 1947 plant. The new building will extend the existing facility over 1000 feet long. The company also operates plants in High Point North Carolina and Grand Rapids Michigan from the Schoonbeck merger.
MENTIONED IN THIS ARTICLE
Morganton
Henredon Furniture Industries Inc
T. Henry Wilson
Henredon
High Point
Grand Rapids
Mich
Schoonbeck Companies
Hundreds of Civil War Monuments Gracing Gettysburg Battlefield
Gettysburg Pennsylvania hosts the world’s largest collection of battle statuary with more than 2,500 monuments adorning the Civil War battlefield.
MENTIONED IN THIS ARTICLE
Gettysburg
Bond Market Tense Ahead of Easter Financing
In New York the bond market faced a tense pre Easter week as the Treasury's four billion dollar financing loomed. The reopened 4s of 1969 and the new 4 per cent notes of 1963 traded near par after oversubscription but slipped slightly by week’s end. Rails and investment quality corporates fell, while utilities and foreign bonds edged higher amid light trading volume.
MENTIONED IN THIS ARTICLE
Treasury
U.S
Motor Carriers Meet Slated in Charlotte
Members of the North Carolina Motor Carriers Association will meet in Charlotte on Tuesday to hear Ernest G. Cox of the Interstate Commerce Commission speak on ICC regulations. The dutch dinner meet will begin at 6 30 p m at the General Motors Training Center with a question and answer session.
MENTIONED IN THIS ARTICLE
North Carolina Motor Carriers Association
Charlotte
Interstate Commerce Commission
Ernest G. Cox
Bureau of Motor Carriers
ICC
General Motors
Statistical Bid Figures From Cember 1972 to 1995
Partial OCR shows bid figures for December 1972 and 1967 with shifts of 8 32 and 94 6 32 and 85 16 32. The 3s of 1995 were loft 4 32 at 85 28 82 bid, indicating quoted numbers and discount levels for years and items.
Also Mentioned on This Page
By Joe Brown
Hanes
W. Allen Mebane Jr
Gordon I. Button
Burlington House Fabrics Co
Burlington Industries
Southeastern
Wrenn Street
Exposition Building
Piedmont Natural Gas Co
Piedmont
South Carolina
Randleman
Asheboro
Kernersville
Yes
Washington
Paul Morris
High Point Shop
Midas Muffler
National Association of Security Dealers, Inc
Bip
Air Controls
Eeneeee Amer
Allvac Metals
Amer Fidelity Lif
Eeneener i Lide
Amer Heritage Oener
Amer Hospital Supply
Amer Marietta
Auto Fin. Com
Bayless
Eastern
Sennenre
Century Food Market
Eenee Awah & GO
Vcoentacs Od Vo
Colonial Stores
Cone Mills
RR. & Sons
P. & F. Ereereee
First Union Nat
Seeesese Teevee
Guilford Nat'l Bank
Ins
Rg Dereneer
Eater Home Finance Group
Sneer
Houston
Kaiser Steel
Ketchum
Mies Labs, Inc
Morton Mfg
Nat'l
Nationwide Corp
Navi Life & Il
N.C. Nat
Penn Fruit Co
Pidt
Oeneee
Gov
Wachovia
Walter
Jim
West Caro
Zonolite Co
Aeduwnenne
Stock Mart
Bond Mart
Diversified Services, Inc
GAS Industries Fund
J. Sturgis May & CO
Security Bank
N. C
Investment Services
Charles Diffendal
Endal
Carolina Securities Corporation
Insurance
Temple
Piedmont Aviation
Wachovia Bank
Spur OU
North Car. Tel
Piedmont Nat'l. Gas
Rogers
Insurance Agency
N. Main St
BUI
E.O. Lane
Kopreremtny Standard Life Insurance CO Trnocn SE Sur
J. Sturgis
May
Nigh Point
Underwood
Nash Jewelry CO
KAY Jewelry
United States
KAY
Southwest
Hey Pony Savings
AND
Tausne
North Main
S. Main
Member
Federal Deposit Insurance Corporation
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