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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Nov 28, 1965
Page
6
Commerce Department data show strong auto demand with Chrysler and Ford posting midmonth gains and big chains reporting record profits. Production and prices face pressure from strike effects and government controls, while labor costs rise for millions as inflation concerns linger.
The reorganization will guide the bag and container divisions with William T. Bess Jr. as executive leader. L. A. Wulff is named general manager for the Southeastern region, moving from previous duties as Southeastern sales manager. W. K. Sutlive Jr. and other staff receive salary adjustments as the department cites faster increases for administrative and professional employees. The year ends with a 60 million dollar spend on North Carolina products and services. Peach McDonald chain operates 715 units in 44 states and DC. Indian Head declares a quarterly dividend of 10 cents per share payable Jan 4, 1966.
The Central North Carolina Section of the American Society for Quality Control will hold a meeting in Winston-Salem. Details on date and agenda are to be announced.
McAllister joins Rawleigh National Bank Building consulting firm as vice president. A native of Illinois with 30 years in plant and accounting operations, he previously worked for Young Spring & Wire Co. in Chicago Detroit and Trenton New Jersey. He and his wife have three children and belong to Methodist Church, Optimist Club, and Hiram Lodge.
The list compiles inter-dealer prices at market close on Thursday. Markets change during the day and prices exclude retail markups markdowns and commissions.
The Associated Press stock list shows the 60 stock average closing at 353.0, down from 354.0 a week earlier. The Dow Jones industrial average likewise slipped to a lower level, as markets extended a weekly decline amid ongoing volatility.
North Carolina’s value added by manufacturing rose from 3.1 to 4.6 billion dollars, about 15 percent above the U S. Retail trade receipts gained nearly 30 percent, wholesale trade sales 39 percent, and selected services such as hotels and barber shops 45 percent, outpacing the nation in each category.
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