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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 08, 1959
Page
5
A local dealer survey shows uneven impact from a strike. GM distributors face no car flow while Chrysler and Ford move some vehicles. six weeks may pass before deliveries resume. Used-car prices firm but rising for late models. Heritage Craftsmen notes strong fall market with shipments tight. Rainy quarter expected but solid orders if strike ends.
The report notes slower gains across industry with textiles tires chemicals and paper showing improvements while durable goods manufacturing lags. Auto sales face a steel strike. dealers push for full list price as cars stay scarce and demand remains strong. Extra dividends rose in October but gains over last year are among the year’s smallest.
W D Genz is named to replace Horace L Edge Jr as assistant manager of the Sears Roebuck store in High Point. Genz comes from Charlottesville Virginia with seven years at Sears including six and a half years as advertising manager. He recently moved from Raleigh to Charlottesville last March. Genz is a native of Illinois and plans to make Jamestown Tennessee his home with his wife and two sons.
In Richmond, J G Hening Elementary has no listed school phone yet residents report persistent wrong-number calls. The confusion stems from callers dialing the principal J G Hening, named for his late father, who and his wife are weary of the mix ups.
The average American consumes 356 pounds of milk yearly costing about 43.60 dollars, 10.6 percent of total food expenditures. The bid and asked prices come from the National Association of Securities Dealers and other sources as unofficial guides to possible ranges on November 6, 1959. Origin of quotation available upon request.
The Herald Tribune News Service reports a first gain in its general business index for the period, contrasted with last year. Dun & Bradstreet notes wholesale food prices edging up for a third straight week to 5.94, while a year ago they stood at 6.63. Electric power output increases to 12.978 billion kWh, a 5.3 percent rise from the prior week.
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