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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Nov 11, 1956

Page

5

Motors Past and Present Drive Retail News

A survey of 1957 car models shows more car for more money with higher power luxury and safety. Prices between small and large four door sedans have leveled since 1929 and demand for more car per car may temper future price gains. Separate notes include Motor Parts Inc opening a wholesale auto supply firm in Asheboro and J P Stevens leasing Cone Mills plant at Randleman with upcoming operations. Juvenile furniture makers push overtime to meet pre Christmas demand as stores stock faster than last year leading to tighter deliveries.

Ford Cadillac Fortune Magazine Assn Motor Parts, Inc N. Hamilton St J. D. Morrison Asheboro Auto Supply Co J. Carl A Carl W. Connor Connor J. P. Stevens Cone Mills Randleman W. J. Carter Stevens Cones Cone Rayon

Flue-Cured Leaf Prices Fall On Weaker Demand

Weak demand hit flue cured tobacco markets in Virginia and North Carolina last week. About 73 percent of grades posted price declines, mainly $1 to $3 per hundred pounds, with some drops to $6.50. Old Belt sales totaled 38,895,509 pounds at $50.37, down $1.36 from the prior week. Eastern and Middle Belts also posted season lows. Declines affected most grade groups, except cutters, as deliveries under price support ran 16 percent Old Belt and about 25 percent Eastern and Middle belts. Final and upcoming closings were announced for multiple Eastern Belt markets in November.

Associated Press Virginia North Carolina Federal State Market News Service Keegan Carolina Middle Belt Old Belt Aberdeen Carthage Ellerbe Sanford Ahoskie Greenville Tarboro Wendell Farmville Smithfield Rocky Mount

Lint Prices Climbing Up With Tension

New York cotton futures rose this week on Middle East tensions. Prices finished with net gains of 10 to 95 cents a bale amid mixed sessions and profit taking, as the Agriculture Department pegged output near trade estimates.

New York Middle East New York Cotton Exchange Egypt Agriculture Department

Thief Caught After Seventh Burglary of Same Restaurant

Honolulu police report arrest after the suspect completed his seventh burglary of the same restaurant. He used identical entry methods and targeted the site on Thursday nights, marking a consistent pattern across all incidents.

Honolulu

New Chair-Making Firm Locates Here in High Point

G E Manufacturing Co opens in a 10 000 square foot High Point building on Highway 29 70 next to Archdale Machine Shop. The firm plans Nov 20 start with 50 employees and about 200000 annually in payroll, and totals 40000 for building and equipment.

High Point G. E. Manufacturing Co C. A. Allred Chamber of Commerce Phil Clarke Chamber Industrial Development Division Highway 29 70 Archdale G. E. Brewer Lee Kay Ray Davis Staes Chamber Allred The News E. P. Wright Co Bulding

Stock Market Prices Waver Amid Middle East Tensions

The Associated Press 60-stock average fell to 178.90 as markets stayed wary after Eisenhower’s re election victory. Trading volume surged to 2.29 million shares, with gains in aircraft firms Curtiss Wright Boeing and Lockheed while Gulf Oil slipped due to Middle East concerns. The five most active NYSE issues included U S Steel Royal Dutch Standard Oil New Jersey General Motors and Glenn L Martin with mixed moves.

New York Eisenhower Associated Press Suez Canal Wall Street Port Said Curtiss-Wright Boeing Lockheed Gulf Oil Middle East U. S. Steel Royal Dutch Standard Oil New Jersey General Motors Glenn L. Martin

Election's Effect On Bonds Practically Iil

New York reports the Eisenhower landslide did not drastically move bond markets. Corporates rose briefly at open then eased. government bonds stayed steady except long ranges. Week showed mixed to firm gains in Treasuries with 2 3/4s of 1963 up 16 32, and 40-year 3s up 10 32. Visible state and municipal supply totals 197.7 million for the next 30 days.

New York U.S Associated Press U. S. Treasury Los Angeles

Large Seedling Orders May Be Reduced To Meet Demand

State officials warn Guilford County agents that many state nurseries will have to trim seedling orders. Applications accepted until November 15 with proportional cuts for orders above 25 000 seedlings if supply is short. Seedlings priced at four dollars per thousand pine and six dollars per thousand red cedar.

Guilford County W. H. Kimrey John Spivey

Also Mentioned on This Page

Yale Outlook By Joe Brown Corbitt Willis Borden W. R. Comfort South Atlantic Borden Company A. C. Perry Henry Frick Richmond Augusta Borden Quarter Century Club South Carolina Georgia Mid-East New York Stock Exchange United States District Court Southern Railway S.E J. E. Justice, Jr National Chair CO N. Cc Libert Life Coreny Ins Fae Aerotron Ws Life Ins Lincoln Natl Life Amer Hos Lithium Co Amer Amer Mar Teta Lone Star Amer Mar Paca Co Amer Trust Co Maxson Corp McLean Industries Atlantic Steel Atlanta Atlas Ping America Natl Lites North Amer Busch & Loetree North Car Ice Corp Black Panther Co Cox Ohio State Butlers Ne Peninsular Oswego Falls Corp Life Oeneee Penn Cape Fear Wood Penn Fruit Co Penn Fruit Rolina Carsales Corp Piedmont & N Mont Aviation J. N. Rawlesh Co Eeeree St Tig Col Pd Sesee Reeves Souncraft Natl Bank Esses River B. Ricells Wealth Life Roses Southland Life Preskiin Life Ins Frigikar Co State Loan & F Garfinckel I Garfinckel American Oil OO. A Sutton Superior Cable Griggs Equ Guardian Tampax Com Guar Con Tecumseh Pro Guilford Natl Bank Tenn. Gas Trans Tex Sik Textiles, Inc OS Xarrants Home Finance Group Wachovia Bk Ro Keystone Western Ewe Kings It Press Western Ates West Fig Co Lenoir Finance Zonolite Pell Paul Owen C.L.A N. Main ST Prudential Insurance Company American Mutual Lite Insurance Company Home Office Newark Domestic Finance Group Perates J. ST Urgis Security Bank Dnds N. C N. Main Hkc Member Federal Deposit Insurance Corporation S. Main
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