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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 10, 1957
Page
5
Industry notes renewed emphasis on design and in-store visibility as firms like Slane Hosiery plan new box and rack formats to boost consumer appeal. Acclaim and Adams-Millis also roll out updated packaging and size labeling amid moves to place hosiery atop counters.
Prices for flue cured tobacco slipped in North Carolina and Virginia as the Eastern Belt closed with Wilson and Rocky Mount markets active. Eastern Belt weekly sales reached 2.85 million pounds at 45.20 a hundred, season totals 353.47 million at 54.30. Middle Belt weekly 6.63 million at 48.87, season 116.98 million at 53.47. Old Belt weekly 19.99 million at 50.45, season 192.85 million at 53.31. Virginia weekly 13.11 million at 49.50, NC weekly 6.88 million at 52.25. season figures shown for each state. These figures compare with last year’s totals and note 61 selling days both years.
U S government bonds rose through a four day week with gains up to 1 percentage point as officials eyed easing of tight money. Corporate issues fell on average and the American Telephone debentures weighed on new financing with 20 million dollars of 26 year securities still largely unsold.
The Spectator prints two notices from residents in Annapolis area. Percy H. Swimmer states his wife Thelma Mae has left his home and disclaims debts. Thelma Swinimer replies that she left after exhausting hard work without thanks.
Textile Insurance Company announces two new hires in North Carolina. S B Dunnard Jr becomes claims manager overseeing the claims department in the local office. Larry Griffith is named special agent covering North Carolina with 15 years of fire and casualty experience.
More than 50 construction industry representatives from the Carolinas will gather in Hot Springs Virginia for the 37th annual Carolinas Branch AGC convention. Key speakers include F J Blythe Jr of Blythe Brothers Co and Robert Patten of Charlotte. Monday features a business session, divisions, and a reception with talks on industry growth and annual report.
Paris reports 21 year old Yves Saint Laurent assumes the mantle of chief designer at the House of Dior after Christian Dior's death on Oct 24. A management group led by Mme Raymonde Zenacker previously trained by Dior now oversees the operation.
Gov. Luther Hodges dedicates the new Mount Airy Proctor Electric Co plant with a $2 million investment and plans for automatic toaster production. When at full capacity, the site will employ about $750,000 yearly in payroll. Hodges urged local communities to recruit industry and praised Surry County leaders for their efforts.
U S Department of Labor reports 483 660 NC manufacturing workers employed last September up 8 000 from the previous year in Raleigh.
A fragment from Oakham England describes a curious payment involving a gilded shoe associated with Queen Elizabeth I. The readable text hints at a ceremonial object or value linked to the royal era and a local trade gesture.
The week saw Sputnik II and missile spending dominate Wall Street, with aircraft and missiles leading gains while the overall market slipped slightly. The Associated Press average fell seventy cents to 155.20 as light trading and nervous selling shaped the session.
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