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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
May 25, 1958
Page
5
Mrs. Evans of Central Realty Co. becomes High Point's first woman member of the Board of Realtors. Her firm, organized January 1 1957, now operates from remodeled offices at 200 Chestnut St and is staffed entirely by women. The firm has quickly become a leading real estate company here.
Unofficial bid and asked prices from the National Association of Security Dealers and other sources. They do not represent the actual bid or asked prices at compilation. Origin of any quotation available on request.
New York bond trading rose to 28.5 million dollars for the week, driven by utilities and foreign dollar liens with rails mixed. Government turnover was light ahead of the Treasury June financing decision to be announced the Memorial Day-shortened week. Big banks cut time deposit rates to 1% from 2% in mid-February.
The 11th annual Realtors Institute will run June 9 13 at the University of North Carolina Chapel Hill with about 75 participants. Lecturers include Herbert W. Wentworth Rex S Winslow and Dr Key Barkley alongside UNC and state college faculty.
New York reports a spring upturn as the Associated Press average for 60 stocks climbs to 169.60. Tobacco shares stumble late in the week on a health scare but rebound steadies. Steel stocks surge to their highest level in 27 years, with a notable rise in short positions for leaders.
The article surveys a mixed U S economy with unemployment nudging up as students enter the labor market. It notes tentative price and wage pressures in steel, auto profits dipping, executive pay cuts ahead, and optimism from Eisenhower amid cautious business sentiment. It cites steel capacity at 54.9 percent, GE's rise in orders, and the Savannah keel laying as signs of activity.
Grain Mart activity in the last week on the Board of Trade was mild with only two May contracts moving outside a three cent range and one outside a four cent range. Reports indicated crop damage in parts of Montana and Western Canada where moisture was badly needed. In Montana the crop was described as firing while in Canada the wheatlands faced soil drift and possible early Oklahoma planting within two weeks, potentially tightening commercial stocks.
The readable text cites 1958 financial trends with a 12 percent rise, a New York consultant criticizing attire for female bank workers, and a New Jersey bankers association remark. It also mentions maternity bags affecting deposits and a remark about cowbird coloration, noting male and female plumage differences.
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