Furniture Trends Show Slight Jan-Feb Slump but April Optimism
Industry reports indicate February orders and shipments for furniture were 10 percent below 1957, with January down 17 percent. Dealers expect a spring upswing similar to 1953 54, while hosiery convention headlined by Gen. Romulo heads to Roanoke. Colonial Stores adds Von Cannon division to make Colonial bedroom lines. rail shipping costs for lumber may fall 20 percent in the South pending ICC approval. Morpul Inc. sues Rudin and Roth over trade name use. Metropolitan Life and Allstate post strong results with NC payout of 13 million plus.
MENTIONED IN THIS ARTICLE
National Association of Furniture Manufacturers
ICC Ap
Middle District Court
Morpul, Inc
Greensboro
Rudin and Roth
New York
Morpul
Marflex
Rudin
Roth
Bonds Rise For Third Week In Government Market
New York reports a third straight weekly rise in long term U.S. government bonds as demand returns from banks pension funds and trusts. Corporate bonds drift lower for a second week while industrial utilities and foreign dollars held steady. Corporate volume on the NYSE rose to 21.64 million from 20.68 million the prior week.
MENTIONED IN THIS ARTICLE
New York
U.S
New York Stock Exchange
Big House
Treasury
Television shop celebrates grand opening with strong sales
At 743 North Main Street a TV sales and service firm opened its new quarters. Bill Perryman declared the ad campaign a success and cited 55 major appliances and 131 accessories sold since opening. He noted stove refrigerators and TV hi fi sets with prices from 49.95 to 1995 and said 950 registered for prizes during a 2.5 hour event.
MENTIONED IN THIS ARTICLE
Main Street
Bill Perryman
Perryman
Program Favored Raleigh In Industrial Education Push
The State Board of Education heard 17 applications from local school units seeking to host new industrial education centers. Due to limited funds, only three or four centers will open next school year, requiring narrowing of applicants.
MENTIONED IN THIS ARTICLE
Raleigh
State Board of Education
Security Quotations Guide from NASD and Sources March 27 1958
Unofficial bid and asked prices compiled to show approximate ranges where securities could have been sold or bought at the time. Quotations from the National Association of Securities Dealers Inc and other sources indicate bid and asked levels.
MENTIONED IN THIS ARTICLE
National Association of Security Dealers, Inc
Words of the Wise on executive duty shifts in a company
A veteran executive notes a rare history where lowering responsibilities to a subordinate is not followed by immediate upward reassignment of duties. He argues that in most cases power reallocation comes with new burdens for the lower tier.
Pork Prices Decline At Markets in Chicago
Hog receipts in Chicago last week totaled 34 000 head, the smallest in seven weeks, as prices fell due to weak demand and reduced slaughtering in some plants. No. 1 top reached 23 dollars briefly. average packer cost 22 22. Slaughter steer receipts rose 20 percent to lead the week, with two thirds of supply in the good and choice grades. Wholesale dressed beef prices for steers and heifers fell by about one dollar.
MENTIONED IN THIS ARTICLE
Chicago
Market Muffs Chance to Hit 1958 High Fails
The New York stock market declined for the first time in four weeks after failing to surpass the February 4 high. The Associated Press average fell 2.30 to 162.70 while the Dow slipped to 453.75 from a weekly peak near 458.65 amid technical profit taking in rising copper shares.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Wall
Also Mentioned on This Page
By Joe Brown
National Association of Hosiery Manufacturers
Roanoke
Nathan Ayers
Carlos P. Romulo
Philippines
Raymond Rogers
Jerome Mayer
Colonial
Colonial Stores, Inc
George W. Waters
Waters
Russell B. Stearns
Joseph Seitz
Merchants Association and
Chamber of Commerce
Sandhill Furniture Corp
West End
von Cannon Furniture Co
High Point
Saratoga
ICC
Metropolitan Life Insurance
North Carolina
Allstate Insurance Company
Charlotte
Roy
Bonds
Senate
Capitol
Washington, D. C
Lyles Chevrolet Company
N. Main ST
Ame
Csssss
Amer & Efird Mills
Amer Heritage
Amer Hosp Supply
Sscevere
Amer Marietta
Eee Suerte Anvil
S “Atlantic
Atlanta Gas
Ating Sewing Centers
Ale ‘Auto Finance
Purniture
uMeereeeeeee
Cannon Mills
Cape Fear Wood Press
Carolina Comuety
Carolina P&l
Eveweeer
Carolina Tel & Tea
Central Tel
Cerliat Diesel
Chatham Mfg
Coeeeer
Eves
Colonial Stores
Copeland
Eeee ‘Donnelley, Ra & Bons
Drexel Furnitu Electronics
Ee Corp . Ld
Seer Puree Oo Meth Bank
Ooor
Creehien Tite
Prigikar Eeeuee
Garfinckel J
Pia
Griges Equipment
A. Consumers Fin Rdian
Pia Pia
Sonera” National Bank
Seeeree
Eeeee
Qoulf Li Hanes
Eeeeenee Amersessee
Hyeon Mig Co
Houston
Oll
Cse
Gyn
Canada
Ivey, J, BL & Co
Kaiser Steel
Lau” Ste
J Shipbuilding
Liberty Life Ins Sone
Life and Casualty
Life Companies Inc
Ad Life Ins Co
Lithium Corp of
Amer
Moore
Csseeeseereee Nationwide Corp
Scss
Ohio State Life
Peninsular Life
Penn
Penn Fruit Co
Pia Praudier-Permutit Co
Aviation Oy
Aeeer
Piedmont Natural Aeee
Mit
Piedmont
Public Potash Co
Amiera
Pyramid Life Service Co of
Eeeree Eevee
N. Co
Republic
Nazi Life
Seebeegeare
Sehield
U.S. Life Ins. Co
Wachovia Bank and Trust
Ng Western Car Tel
American Marietta Co
Security Life & Trust Co
Wachovia Bank & Trust Co
Lucky Stores, Inc
J. Sturgis May & CO
Security Bank Bldg
High Point, N. C
Spivey
Staurance
Compu
Hardware Mutual
Caroland
P. O. Box
Arthur F. Hall
W. Roland Albertson
America
Group Insurance
Eddie Ridge
Massachusetts Mutual Life Insurance Company
George D. Davis, C.L.A
George D
Davis
L Main ST
J. Wilson Rogers Insurance Agency
Hidi Pont Savings and Trust. CO
N. Main
Member
Federal Deposit Insurance Corporation
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