Optimism Boosts Southern Retail Furniture Group Conference
At Ashe ville convention of the Southern Retail Furniture Association attendees projected sales gains of up to 20 percent over 1956. A Home Furnishings Daily survey found stronger months ahead with July markets in view and several delegates planning Chicago attendance in June. W. L. Ragland was elected president with Dan Hamm Jr., R. L. Weathers, and Herbert Early as vice presidents and H. T. Williams as treasurer.
MENTIONED IN THIS ARTICLE
Southern Retail Furniture Association
Asheville
Home Furnishings Daily
Thace
Seidman & Seidman
March
Chicago
Association
W. L. Ragland
Andrews
S. C
Ben J. Willis
Norfolk
Dan Hamm Jr
Prosperity
R. L. Weathers
Charlotte
Herbert Early
Alexandria
H. T. Williams
Reidsville
Special Meeting Honors New England Life Agency in Sedgefield
The New England Life Insurance Co held a special agency convention at Sedgefield this week to reward the state agency for its success amid competition with major cosmopolitan areas. George D. Davis and George Clark attended from High Point with their wives. The United Furniture Workers of America endorsed talks toward a merger with the Upholsterers International Union of North America, aiming to unite over 100000 members in furniture, bedding, and allied fields. High Point is among six NC cities with lagging building permits, while Durham, Gastonia, Greensboro, Salisbury, and Winston-Salem show gains. High Point issued $1 421 645 in permits this year versus $2 244 544 in 1956’s similar period.
MENTIONED IN THIS ARTICLE
New England Life Insurance Co
Sedgefield
George D. Davis
George Clark
High Point
United Furniture Workers of America
International Union of North America
UFWA
North Carolina
Federal Reserve Bank
Asheville
Charlotte
Ralegh
Rocky Mount
Wilson
Durham
Gastonia
Greensboro
Salisbury
Winston-Salem
Rainy Weather Hurts Wheat
Weather dampens grain trading as rain claims attention at the Board of Trade. May contracts liquidation looms with Tuesday end dates and delivery on open positions. Old style wheat finishes 1% higher, new style wheat up ¼ to ½, corn mixed, oats varied, rye 2–3% higher, soybeans down, lard down 48–75 cents per hundred pounds.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Cotton Prices Show Increase
New York May 18 Cotton futures rose across most active contracts on the New York Cotton Exchange with gains of 65 cents to 1.60 a bale, except October 1958 which fell 40 cents. May 1957 expired at 2.75 under last week’s close as rains in Texas and policy doubts boosted sentiment.
MENTIONED IN THIS ARTICLE
New York
New York Cotton Exchange
Texas
Trailer Firm Opens For Business In North Carolina
Mobile Home Exchange Inc., a trailer dealership, opens for business between High Point and Thomasville on National Highway. Officers are Jack E. Jones president and John W. Jones vice president with R. A. Jones. A new 10 by 47 foot mobile home will be on display this weekend. Jones previously ran the first trailer exchange in North Carolina in High Point and operated a Burlington branch. The local office has a building and large display lot.
MENTIONED IN THIS ARTICLE
Mobile Home Exchange Inc
High Point
Thomasville
Jack E. Jones
John W. Jones
Jones
Firstrailer Exchange
North Carolina
Oakwood Trailers Inc
Oakwood Trailers
Mobile Home Exchange
Burlington
Bond Prices Drop Again in Mixed Week
New York reports continued decline in both corporate and US government bond prices with investment grade corporates closing at a new low for the year. The AP 60-bond index and rail component hit fresh 1957 lows while Japanese issues rose in a firmer foreign dollar list. Week volume on the big board totaled $19.05 million par value, down from last week and a year ago.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Carrier Saratoga Stands Taller Than Niagara Falls
The U S aircraft carrier Saratoga measures 187 feet from waterline to top of the foremast, 20 feet higher than Niagara Falls, highlighting its height comparison to the famous falls.
MENTIONED IN THIS ARTICLE
U. S
Saratoga
Niagara Falls
Stock Market Pushes To New High
The stock market climbed to new high ground in 1957 for the second straight week with heavy trading. Oils and chemicals led gains while steels and rails aided the rise as the Associated Press average rose to 184.90 and the Dow surpassed 505.60 with S&P hitting 47.15. The week totaled 13,086,138 shares.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Associated Press
Standard & Poor
Also Mentioned on This Page
Barbara Brooks
Chamber of of Commerce
Buy Cafe
Eagle Sandwich Shop
George Fragakis
Harry Wagoner
J. Sharp
Jack Holbrook Jr
Acclaim
H. E. Crawford Machine Co., Inc
Kernersville
Textile Machine Works
Reading
Pennsylvania Company
Proton
Crawford
Pat Brown
Pat Brown Lumber Co
Pat Brown Lumber Corp
N. Main Street
Rockspring Road
Bob Conner
Brown
Bridges Street
Schoonbeck Company
Grand Rapids
Mich
Murray Furniture Co
Schoonbeck
Michigan
Murray
G. Reid Marsh
New York Life
Round Table
By Joe Brown
Prudential
Paul Owen
C.S.A. Special
N. Main St
THE
Prudential Insurance Company OF America
Mutual Life Insurance Company
Home Office
Newark
New Jersey
Ind Cmnt
Sow
Amer Marietta
Amer Trust
Atlanta Gas Atlas
Finance C Bank of Amer
Weeee
Eeeee
Te Seeenene Bell Inc
Ridge Ins Co
Seeee Veeweeee
Butler's Inc
Come
Earouia Casualt
Carolina Pow & Ers
Carolina Tel
Inbees
Central Tel
A Chatham Mfg Co
Eeteene
Colonial Stores
Ad Bank
Cone Mills
Domestic Finance Corp
Donnelly R. R. & Sons
Furniture Corp
Erwin Ae “A
Food Franklin Life Ins Co
Frigik Corporation
Garfinckel J C . “Ee
Garfincke Eteey
Guin Consumers Fin Com
Mord Nat
Bank
Houston
Inter
Investors Syn of Canada
Irving Eeeseeeees
Ivey J B
Jeff
Kaiser Steel
Keystone Portland Cement
Lou Blower
Liberty & Casualty Ins
Life Ins
Vhesees
Nati Life
Eee
Mac We
Maxson Corp
Oveees HI
Miles Lab
Prod Co
Accid Ins
Seeder
Nati Life ‘ Ns
Ohio State
Oswego Falls Corp
Postal Life Ins Co
Sve Co of
Rawleigh
Life & Trust Co of Security
Sonoco Smith, Kline & French
Southern Plastics
Superior Sutton
Delhi Taylor Oil
Tampax Common
Tenn Gas
Texas Eastern Textiles
Tidewater Inc
Time
Towmotor Corporation
Union National Seen Ween
US Life Ins
Cocavene & Trust
Superior Cable 1
Luck KY Stores, Inc
Jefferson Stand
Peninsular Life Ins
Standard Uranium
Southland Racing
NORTH
Carolina Telephone Aerotron
TEL
Sturgis May & CO
New England
George D. Davis, C.L.A
George P. Clark
Niel Life
Spivey
Hardware Mutual Snuncance Company of
the Carolinas
N. Main
Member
Federal Deposit Insurance Corporation
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