High Point posts strong September debits in Fifth District
The Fifth Federal Reserve Bank District shows High Point banks totaled 64.815 million in September debits, up 12 percent from a year earlier. Nine month totals rise 3 percent to 532.973 million as Greensboro Charlotte Durham Raleigh Winston-Salem and others show gains. Local Jaycees weigh a parking plan insurance costs threaten feasibility. Charles B. Wittenauer named district manager for High Point Fabricators Inc. and Armstrong Cork project personnel updates. Community road service talks set for Graham highway meeting with officials from the Seventh Division.
MENTIONED IN THIS ARTICLE
High Point
Federal Reserve Bank
Wilmington
Greensboro
Charlotte
Durham
Raleigh
Winston-Salem
Wilson
Asheville
Winston
Graham
T. A. Bur‘ton
Polyether Foam Gains Ground Among High Point Upholstery Firms
Furniture makers in the High Point area report rising use of polyether foam in upholstered furniture over six months. Of 26 plants, seven prefer it to foam rubber, 21 use it up from 14 previously, with varied adoption from cautious to no reluctance, while four of five nonusers cite price gaps as a barrier and all see room for perfection. Some plants with over a year of experience report retailer satisfaction and anticipate broader acceptance as foam rubber recedes.
MENTIONED IN THIS ARTICLE
High Point
Yes
Boggan Named Sales Manager at Hallmark Shirt Co
E. L. Boggan Jr., former assistant sales manager of Anvil Brand, appointed sales manager of Hallmark Shirt Co. effective October 1. He replaces A. C. McManus Jr. Boggan previously worked with Kennedy, Shea & Chandler, a Knoxville wholesale distributor.
MENTIONED IN THIS ARTICLE
E. L. Boggan Jr
Anvil Brand
Hallmark Shirt Co
A. C. McManus Jr
Boggan
Kennedy, Shea & Chandler
Knoxville
Tenn
Silver Valley PTA Sets Meet
The Silver Valley School PTA will hold its October meeting at the school on Monday at 7 30 p m The program focuses on Safety to School and Back After the business session in the auditorium members will move to the cafeteria for refreshments and a social hour.
MENTIONED IN THIS ARTICLE
Silver Valley
PTA
Acme Sample Books Moves to New Building on English Street
Acme Sample Books Inc relocates to 2327 English St from smaller Grimes Street quarters. President Fred Swartz berg notes top story used for storage now with plans to expand operations. The firm employs 20 persons.
MENTIONED IN THIS ARTICLE
Acme Sample Books, Inc
English St
Grimes Street
Fred Swartzberg
Ing
Bonds Recover Solidly
US government bonds rebounded this week with gains up to three points, marking the best weekly advance of the year. Industrials rose while rails edged higher, but investment grade issues and utilities continued to soften despite a Friday bracing. Foreign bonds remained unchanged.
MENTIONED IN THIS ARTICLE
New York
Treasury
New City of Santa Cruz Name and Market Bond Activity
Complete name of Santa Cruz and historic title described. Market activity shows corporate trading at 30,098,000 par on the New York Stock Exchange, up from the prior week and 1957 levels. Government bonds rose modestly, dollar municipals advanced daily, and the 30 day visible municipal supply stood at 237,624,325 with bids upcoming including a 13 million dollar school bond sale in South Carolina.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Treasury
South Carolina
Brooklyn and Flatbush Youths: Newfoundland Towns Share Names
In Newfoundland two communities share the same toponym with Brooklyn and Flatbush namesakes. The towns, though distinct, reflect common borough titles used in British and American places. Local residents note historical naming ties and cultural parallels between the two communities.
Stock Mart Continues High Climb
New York AP reports the stock market extended its eighth straight advance and fourth weekly peak. Volume reached 19,104,940 shares, just under last week’s 19,227,870, with the day’s final session marking a year’s heaviest volume as copper prices rose and mutual fund buying boosted equities. American Motors and Studebaker Packard led gains on optimism for economy cars.
MENTIONED IN THIS ARTICLE
New York
United States
American Motors
Studebaker Packard
Also Mentioned on This Page
G. W. Hutchens
National Food Tores
Franklin J. Landing
Jewel Tea Co. Inc
National Association of Food Chains
Chicago
NAFC
By Joe Brown
Mart
Donald Brown
Armstrong Cork Company
Lancaster
Armstrong
With Firestone
Charles B. Wittenauer
Firestone
Mechanical Goods
Wittenauer
High Point Fabricators Inc
N. Main St
Robert B. Rankin
Wachovia Bank
National Association of Insurance Agents
New Orleans
E. L. Boggan
Sales
Silver Valley Pta
National Association
Portland Cement
Securities Dealers, Inc
Saendoko Finance
Guilford National Bank
Gulf Cities
Gulf Life Insurance
Hanes
P. H
Holiday Inns of America
Ome Finance Group
Ione Insurance Company
Houston Corporation
Adams Engineering
Investors Syn of Canada
ATO Eesseeeevenee
Irving Trust Company
Air Con
Ivey, J. B. & Company
Eeeeeeneee
I’ Jefferson Standard Life
Amer
Kaiser Steel
Amer & Efird Mills
Ketchum & Company
Seeere
Ole Lou Blower Oo
Amer Hospital
Lenoir Finance
Lone Star Steel
Atlanta
Gag Light
Am Lucky Stores
Sraecowese
Atlantic Steel
Csceecnee MacMillan Company
Atlas Sewing Centers
Maryland Casualty
Auto Finance
Maxson, W. L. Corp Veevssee
Bank of America
McLean Industries
Bassett Purniture
Miles Lab Insurance
Ba Ald
Serccesssrsees Va
Mississippi Shipping
Eastern Petroleum
Moore Handiey Hardware
Black Ace Company
National Food Seen
Blue Bell, Inc
Nationwide Corporation
Blue Ridge Insurance
North American Life
National Life & Accident
Butler's Inc
North Carolina Telephone
Cannon Mills
Cape Fear Wood Press
Occidental Life
Ohio State Life
Carolina Casualty Insurance
Olen Company
Eos
Carolina P & L
Overnite
Carolina Tel & Tel
Carolina Wholesale Florist
Peninsular Life
Central Electric & Gas Co
Penn Pruit Co
Central Telephone Sosee
Pfaudler-Permutit Co
Collyer Wire Eenteee - Seee
Pyramid Life Insurance
Commonwealth Life
Esceses
Rawleigh, J. N. CO
Sa Reeves Soundraft Ates
Republic National Life
Copeland Refrigeration
Deiht Taylor Oi
River Brand
Pinance Group
Roberts Company
Domestic Finance Group
Seeteewene
Senate
B.D. & Seas
Ryder System
Drexeleeneee Shield Bantam
Electronicron Card Corp
Pebabeeoton Security Life & Trust
PF Pinance
Ceeeeenes
Security National Bank
First Union
Wces Wan Ereeweee
Cresvsesevsesesee
Senee
Franklin Life Insurance
Thern Heritage Voce
Go Southern Plastic Engineering
Garfinckel J Corporation
Seneeneneeee
Southland Li
Standardren & Steamship
State Loan & Finance
Stevens
Stevene
Superior
Sutton
Serene
Tampax
Texas Eastern Trans
Oove
Is Textiles Inc
Tidewater Gas
Walter Jim
Watson Brothers
Western Carolina Telephone
West Point Mi
Finchley
Fifth Ave
Lexington Ave
Greene's
High Point Enterprise
Ling
Santa Cruz, SM
la Villa Neuva de Santa Cruz de Los Espanolos Mexicanos del Rey Nuestra Senor
Carlos Segundo
King Charles the Second
E. C. Lane
Repre
Jefferson Standard Life Insurance CO
Ce Greembore
N.C
Yates
Madison
Nash Lander
Christmas Furniture Mfg. Company
P. O. Box
Houston
Texas
Newfoundland
Brooklyn
Flatbush
Stock Mart
Imay and DO
Wachovia Bank & Trust
Jefferson Standard Life Ins
United Ins. of America
Textile Insurance Co
North State Tel
Prof
High Point Savings & Trust Co
J. Sturgis May & CO
High Point, N. C
Investment Banking
Hugh Bond
High Point, North Carolina
U. S. Government Securities
State OF
North Carolina
Member
Federal Deposit Insurance Corporation
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