Rapid expansion planned for J. N. Rawleigh Co in High Point
J. N. Rawleigh Co led by President Jim Rawleigh seeks to add over one million dollars in new facilities through private sale of additional 8 percent securities. The plan aims to boost factoring business by about 400 percent as quickly as personnel are trained. An Florida Tampa sales office is contemplated. Board approved private sale subject to stockholder approval and added Joseph Bry to the board. Fiscal year ended March 31 shows 24.76 percent profit rise. April set records in income and volume. The company primarily serves the furniture sector.
MENTIONED IN THIS ARTICLE
High Point
J. N. Rawleigh Co
Jim Rawleigh
The
Comany
Rawleigh
Florida
Tampa
Lyles
Joseph Bry- Co
Pilot Life
Rawleigh Company
Bond Market Holds Steady Amid Mixed U S Trends
The New York bond market slid last week while U S government bonds rose. Trading remained thin and overall activity stayed near the prior level with par value at 24 163 500 versus 19 050 000 a year earlier. Greensboro plans to open bids for 19 million dollars in bonds on Tuesday.
MENTIONED IN THIS ARTICLE
New York
U.S
New York Stock Exchange
Rails
Greensboro
N.C
Grain Futures Show Mixed Week at Chicago Board of Trade
Traders faced a volatile week with a sharp Monday setback after the May 9 crop report as government yield estimates weighed on prices. By Tuesday sentiment recovered, traders citing an oversold condition, while corn held steady on the subsidy program shifting exports to dealers though volume later disappointed.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Department of Agriculture
Synthetic perfumes dominate market due to lower cost
Many fragrances rely on chemically synthesized components because they cut production costs compared with natural extracts. Consumers often choose these cheaper options for broader availability and pricing.
North Carolina construction up 20 percent over 1957
Construction activity in North Carolina increases more than 20 percent over 1957 with High Point remaining among the state's top builders. For April and the first four months of the year, 30 cities issued 56.47 million dollars in permits, up 22.5 percent from the previous year. High Point ranked sixth among major cities, with April permits at 669,296 and four-month totals at 1,773,627. Other notes include personnel movements and corporate news across the Carolinas, Tennessee, and Georgia, with Crest Inc. naming a regional sales chief and Colonial Stores electing a new CEO in New York, plus industry meetings in Durham.
MENTIONED IN THIS ARTICLE
North Carolina
High Point
Charlotte
Winston-Salem
Greensboro
Durham
Raleigh
Asheville
Wilmington
Het
Crest Inc
Cecil
Carolinas
Tennessee
Georgia
Guit Lite Insurance
Na- Hanes, PH
Tional Association of Security
Wreenneeee Eeks Dealers, Inc
Syn Canada
Ivey
Kaiser Steel
Pia
Kellogg Company
Sanee Ohane
Li & Casualty
Life Companies Inc
Weeweee Wee 12
F Corp of America
Sips
Lone Star Steel
Wewenrewee Eens
Eeewee
Lucky Stores
Alivac Metals
Teenee Eerneenee
MacMillan Company
Amer & Efird Mills
Seteeese Peg Land Casualty
Amer Seheeee Weeeene
W. L. Mason Oe - Amer Hospital Supply
Nm Industries
Amer Mariettasone
Mississi Miles Lab
Amer Marietta
Moore Ne Oweseed
Amer Commercial Bank
Bai National Andiey Hardware
Arnold Stone Company
Ad Nationwide Corp
Eeebaee
Atlanta Gas
Seeteweee
Penn Pruit Ins
Penn Pruit Denaene
Pia XD
Plaudier-Permutit Co
Brush
Veebe Whee
Piedmont Aviation Ee Ewetenee
Butler’s Inc
Piedmont Natural Gas
Cannon Mills
Piedmont & Northern RR
Cape Fear Wood
Plano
Postal Life Ins Company
Carolina Casualty Insurance
Potash Company of
Carolina P & L
Provident Life
Carolina Tel & Te
Public Service Co of NC
Carolina
Eceane
Pyramid Life Insurance Central Telephone
Reeve's IN. Co. Saece
Central Telephone
Cerler Dierel Ene
Soundcraft
Ee Chatham Mf¢ Company
Republic National Lite
Sos
Colonial
Colonial Stores
Roberts Roses
Ryder System Seeterree
Collyer
Bantam
Weeereee & Commonwealth
Scripto
Southland
Standard Fruit & Steamship
Electronic Accts Card Corp
Erwin Mills
State Loan & Pinaree
Ea Parrington Manufacturing
Btevens
First Net Bank of
Food Mart
Button
Pranklin
Tampax Common
Prigikar Corporation
Delhi Taylor
Garfinckel
Texas Aauee Traneclastie
Garfinckel J Pia Coves
Seeewe General Tele
Tidewater Ges
Market Affected By Foreign Situation
Profit taking capped a five week rise to new 1958 highs as stocks fell sharply then recovered slightly. The Associated Press average of 60 stocks lost 2.30 to 167.10 amid foreign tensions in the Middle East and political actions in France and Algeria.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Jordan
France
Algeria
Middle East
South America
Also Mentioned on This Page
Joe Brown
Bond Mart
Grain Mart
Bobby N. Ryals
Highland Motors
General Motors
G. L. Cochran
B.L. Robbins
T. C. Lewis
Liberty Life Insurance Co
Hollywood
Joseph Seitz
Atlanta
Colonial Stores, Inc
Marie Handlen
Louise Armfield
Brice Commercial College
Association of Business Schools
Careclinas
Virginia
Shaw-Walker
Office Equipment CO
N. Main ST
W. Roland Albertson
Strongest Life Insurance
Eddie Ridge
Massachusetts Mutual Life Insurance Company
Phope
United Insurance Co of
Amer
Union National Bank
Life Insurance Company
Wachovia Bank & Trust
Wall
Spivey
Mutual
Carsband
P.O. Box
Sechrest Analoy
Ambilance Service
Main Street
N. G
New England
Mali Lee
Chartered Mutual Life Insurance
Company In
America
George Clark
Archie Carroll
C.L.U
Wachovia Bank
Public Service of
50 Lucky Stores, Inc
Piedmont
J. Sturgis May & CO
Security Bank
N. C
N. Main
Member
Federal Deposit Insurance Corporation
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