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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 19, 1950
Page
5
Retail trade rose modestly from the prior week and last year helped by cooler weather and approaching holidays. Apparel saw shopper interest while wholesale centers reported more buyers, with inventories and production patterns showing pressures and a mixed outlook for Christmas demand.
The column lists stock quotes across multiple firms and industries with percentages, including Am Can Am Car & Fdy Bendix Aviation Beth Steel Dow Chem DuPont Eastman Kodak General Motors Goodyear Lockheed Libby Owens Ford Packard Penn RR Radio Revlon US Steel Westinghouse Woolworth Zenith and others. Values show varied gains and losses, reflecting market movement in a historical snapshot.
Unofficial bid and asked prices from the National Association of Securities Dealers and other sources outline approximate ranges for numerous securities as of November 16, 1950. The table lists issuers such as Chase National Bank, American Enka, Coca Cola era firms, and regional companies with varying percentages and Pfd notes.
President Truman proposes a stop gap excess profits tax of 4 billion dollars to apply to the last six months of this year. Supporters claim it would raise revenue, while critics warn it would deter efficiency and raise costs.
New York stock market holds near a 20 year high on November 18 with gains in leading issues. Trading was brisk for a Saturday session with about 1.1 million shares. Buyers backed away as some issues slipped from highs though overall upward momentum persisted. Major movers included Santa Fe, U S Steel, American Telephone, Dow Chemical, and U S Rubber among others. The Sahara Desert note follows as a separate fact.
The Bureau of Labor Statistics reports the wholesale price index rose to 171.1 for the week endingTuesday, a 0.5 percent increase over the August 1948 peak. The index uses 1926 as its base equal to 100.
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