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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 06, 1955
Page
5
Prices rise as Coca Cola moves from six to six cents a bottle in many outlets with wholesale price up from 80 to 96 cents. Retailers may keep nickel price, but machines convert to a penny more. Carton sales will rise. Western North Carolina areas already charging six cents.
The U S Department of Commerce reports High Point ranked eighth in state retail sales in 1954 with 59 million dollars, trailing Charlotte and several other cities. Guilford County has the most retail establishments in the state, though Mecklenburg surpasses in total retail sales, including 308 eating places 60 drug stores 67 general merchandise stores and 516 food stores in the county.
A Dun survey shows businessmen expect better first quarter sales in 1957 than 1955 and 1954 with higher profits and employment seen as stable or rising. Prices likely unchanged for 59 percent, with 38 percent expecting increases and some reductions anticipated. Inventory hopes vary with 32 percent increasing and 56 percent steady. High Point remains a top NC builder with $6,180,333 in permits. September weak for construction. Dayton Rubber Co expands plants in Waynesville and Los Angeles, boosting latex output this year.
A Sales Management study shows High Point residents allocate 24 cents to food stores and 23 cents to autos per dollar spent, with 8 cents to general merchandise and 7 cents to furniture and radio items. High Point’s average food bill about 1075 dollars per family. national average 865, state 634. Private showings planned in New York by Carsons and Crestwood. remodeling at Harthcock’s Food Center. Phillips-Davis expands West staff. Georgia expansion for Allison-Erwin. savings clubs projected to total 1.13 billion nationally with NC at 6.93 million.
More than 1,000 delegates attended the 88th General Baptist State Convention. A resolution opposed voluntary segregation in any form, and Gov. Luther Hodges urged a voluntary school segregation program. The convention approved a $180,000 budget with $75,000 for Shaw University in Raleigh.
The 1955 meeting of the Tax Supervisors Association will be held at the Institute of Government in Chapel Hill from Wednesday through Friday with attendance invited from all counties. The gathering follows the General Assembly and aims to acquaint officials with numerous tax law changes. W. Lewis, assistant director, will lead the program. officers include R. B. Gates of Lincoln County, C. Bryan Aycock of Ayres County, and William F. Hester of Guilford County.
The article states that America’s manufacturing firms required $175 billion in capital to operate and grow. Of this, $66.4 billion was invested in land, buildings, tools and machinery, $43.3 billion in inventories, and $23.8 billion in receivables. Cash on hand or in government bonds totaled $28 billion to cover payroll and expenses.
North Carolina and six other states will send speakers to the 16th annual Symposium on Accounting and Taxation at the University of North Carolina Chapel Hill November 13 to 15. Ray Rains and Walter A. Watts lead the organizing CPA group with UNC and Duke cooperation. The program features sessions on the tax outlook for 1956 and costs in relation to efficiency with prominent figures from Chicago and Greensboro among the speakers. A fall awards dinner honors top candidates and includes a reception for members.
Local praise highlights High Point College as a top regional asset. A Methodist Church survey of 108 colleges placed HPC third in divinity enrollment, boosting pride in the auditorium and future ministerial outreach. The piece mentions community growth, a Hopalong Cassidy appearance, and local commerce supporting jobs and culture.
Furniture orders for the first quarter of 1956 are reported the largest on record, with many plants operating at near full capacity and some buyers trimming orders by a third. The survey notes high activity in promotions, strong production outlook, and continued demand into the first half of the year despite some unfilled orders and seasonal shifts.
North Carolina employs 464,800 workers in manufacturing, the most in the Southeast, in September. Alabama tops pay at 62.88 weekly, while North Carolina average earnings rise to 52.35 from 50.93 in August, with state employment increasing from 454,200 to 464,800.
Frank M. Gordon of Kansas City joins Adams-Millis Corporation Sales Department. His territory covers Missouri excluding St. Louis, western Iowa, southwestern Minnesota, southwestern North Dakota, South Dakota, Nebraska, Kansas and part of Colorado. He previously led hosiery at Poin Dexter and served in the Air Force 1943 to 1947.
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