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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 16, 1954
Page
5
A poll of local furniture manufacturers shows case goods strong in mid to high brackets while upholstery remains modest. Many firms report cautious buyer attitudes from chains, with some confusion over stock and orders. Juvenile furniture dips. year end outlook mixed but not bleak, with hopes for a late summer surge and steady mail orders keeping layoffs at bay.
Winston Salem May 15 The Baptist Hospital in North Carolina nears completion of its $3 million south wing eight years after plans began The addition will raise bed capacity 50 percent to about 1 86 and house patient rooms operating rooms and a mental ward The project includes modern X ray facilities central sterile room and air conditioned rooms with private baths and bedside telephones The wing will cost over 300 000 to equip and supports Baptist charitable work with 1 3 million in total annual charity activity last year from 88 counties in 1953 Mothers Day offerings target 200 000 this year
Dean Guy B. Phillips announced the third North Carolina School Week will be held in Chapel Hill June 21 22 23 during the first summer term. The event features national education leaders focusing on teaching in the American democracy with an emphasis on philosophy and practice. Speakers include Dr. Virgil Rogers Dr. Robert W. Eaves Dr. Kenneth Goodson Chancellor R B House and Dr. Amos Abrams with sessions daily at 3 PM and 8 PM and morning discussion groups on Tuesday and Wednesday.
New York May 15 Treasury bonds continued to slide while the corporate bond market drifted. Banks shifted from intermediate to five year notes as two billion dollars of new obligations aided the decline. Officials signaled renewed efforts to lengthen national debt in 1954, with cash needs and refinancing pressures shaping activity.
The Associated Press average of 60 stocks rose 40 cents to close at 124.00, marking the third straight weekly advance and a new high for the year. A pronounced dip was met with a strong recovery, underscoring market basic strength despite selling pressure.
Factoring, once a mainstay of textiles in North Carolina, expands to furniture and other sectors as a flexible credit tool. The practice helps manufacturers extend customer terms, convert receivables to cash, finance inventories, and provide credit and market insight across industries.
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