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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 13, 1960
Page
5
Industrialists surveyed in High Point foresee a bright run into Christmas with strong orders in hosiery and furniture. They expect a modest post election improvement in sales as Kennedy’s victory is unlikely to trigger drastic policy shifts, while inflation risks and fiscal moves will shape longer term trends.
President elect John F Kennedy proposes a broader federal role in farming with price supports and strict production controls. Opponents led by the American Farm Bureau Federation warn of a tough coalition in Congress, while farm groups like the National Farmers Union push for aid.
Unofficial quotations compiled November 11 1960 from NASD and other sources show BID and ASKED ranges for securities. Origin of quotations available on request.
Miss Wilma Grace Dealey was named manager of the children’s department at Rosaine’s store in High Point. Norman Schwartz, president of the local ladies’ clothing store, announced the appointment saying Dealey’s experience and calibur will make it the area’s outstanding children’s department. Dealey has worked with Ohio stores and most recently was buyer of children’s and sub-teen clothes for a Norfolk department store. Rosaine’s carries clothing for girls from infants to pre teens and boys aged three to six.
Investigators say a geological fault caused the Frejus Dam break on December 2, killing over 400, with the January report expected to state the design and construction were not at fault.
Business leaders welcomed Kennedy's win as modest and forecast calmer policy shifts. The Dow rose for a seventh straight day, with volume at 13.74 million shares. bond sales eased to 22.43 million dollars. Unemployment rose in October, gold reserves fell, and steel and auto markets showed weakness despite some new orders and October sales records.
A reader explains cutting expenses and boosting income after reading The Wall Street Journal. Tips include remodeling for savings, tax guidance, and profit ideas, with praise for the paper as a business daily and a trial subscription offer.
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