Insurance Agents Angry Over Fire Fund Law Worries
Local insurance salesmen rally against a 1957 law directing a percentage of fire insurance premiums to a state firemen's pension fund. They warn of general taxation for a single group, dispute collection details, and note lawmakers faced insurance lobby pressure. The day includes remodeling news and public relations shifts. Farmers Day slated for Sept 28 aims to boost farm merchant ties.
MENTIONED IN THIS ARTICLE
Assembly
High Point
Prices Vary On Eastern and Border Belts
Eastern Belt shows steady averages around 53.46 cents per hundredweight with 45,289,157 pounds sold. Border Belt falls about 70 cents from the prior week, with 45,988,129 pounds traded and weaker demand. Middle Belt on opening two days posts 54.40 per hundredweight on 6,321,656 pounds, higher than last year’s opening period.
MENTIONED IN THIS ARTICLE
North Carolina
Carolinas
Middle Belt
Border Belt
Federal State Market News Service
Stabilization Corporation
Stablization Corporation
South Carolina
Iroquois Lacrosse Origin Shaping American Sport
The encyclopedia Britannica notes lacrosse as America's oldest organized sport. It traces the game to Iroquois predecessors long before Columbus's 1492 voyage.
MENTIONED IN THIS ARTICLE
America
Defense work approved by Eisenhower
President Eisenhower signed a bill authorizing Army Navy and Air Force defense projects with a price tag of 1 232 495 million though appropriations follow separately. The measure allocates 293 million to the Army 374 million to the Navy and 602 million to the Air Force with most work in the United States and substantial sums for projects abroad and classified work. Carolina projects total over 39 million including Fort Bragg Cherry Point Hertford Harvey Point New River Camp Lejeune Seymour Johnson Charleston and Shaw AFB plus Parris Island Donaldson Myrtle Beach and more.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Army
Navy
Air Force
Congress
United States
Carolina
North Carolina
Ft. Bragg
Cherry Point Marine Air Station
Hertford
Harvey Point
New River
Jacksonville
Marine Corps Air Facility
Camp Lejeune Marine Base
Seymour Johnson Air Force Base
South Carolina
Belmont appoints Frank Carpenter as police chief
Captain Frank Carpenter, an 11 year Belmont police veteran, was selected by the City Council to succeed the late Giles Hoover. The 45 year old will lead a 10 man force after serving as patrolman sergeant and captain in succession.
MENTIONED IN THIS ARTICLE
Belmont
Frank Carpenter
Giles Hoover
Carpenter
Ent
Patrick Moore Named Sales Rep for Tomlinson Firm
Patrick Moore appointed sales representative for Furniture by Tomlinson. Sidney H. Tomlinson Jr. announced the selection, with Moore to head a territory covering Texas Oklahoma Louisiana and Arkansas. He will assume duties around September 1 from Dallas headquarters after training at the High Point factory. Moore, from Missouri, previously worked with Bigelow Sanford Carpet Co on the West Coast and served as Dallas district manager.
MENTIONED IN THIS ARTICLE
Patrick Moore
Tomlinson
Sidney H. Tomlinson
Moore
Texas
Oklahoma
Louisiana
Arkansas
Dallas
High Point
Missouri
Bigelow
Sanford Carpet Co
Bond Trades Are Light During Week
New York reports a light week in government bonds with only narrow gains and declines. Treasuries remained mixed as a rally appeared technical and not a true turning point while corporates eased before finishing about even. Convertibles rose slightly and rails slipped. foreign liens held steady.
MENTIONED IN THIS ARTICLE
New York
Treasury
Grains end week mixed amid lighter volume on Board of Trade
Grains showed erratic price patterns this week with most futures trading in a narrow range and closing lower than a week ago. First notices to deliver nearby September contracts appeared, led by corn with near three million bushels tendered, followed by wheat 1.6 million, oats 465 000, rye 95 000.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Home buyers urged as protection against inflation
High Point realty leader Malcolm G Moore argues buying a home can guard against inflation and build savings. He says amortized mortgages offer owner equity and fixed payments while property values rise with price levels, urging buyers to seek expert Realtor advice.
MENTIONED IN THIS ARTICLE
Malcolm G. Moore
High Point Board of Realtors
High Point
Moore
Defense Outlook Pushes Stock Market Upward
Hopes of greater defense spending lift stocks for the first rise in six weeks. Russia’s missile test and hard line on disarmament boosted Wall Street's belief in continued defense buildup, lifting aircraft and missile stocks and many others. The AP average rose to 175.70 as more issues advanced.
MENTIONED IN THIS ARTICLE
New York
Russia
Wall Street
United States
New York Stock Exchange
Associated Press
Paratrooper Fatally Injured In Car Crash Near Fayetteville
26 year old 82nd Airborne Division soldier S Sgt Steffey of Fort Bragg died after his car spun out on Maxwell Road 11 miles east of Fayetteville. He was thrown 115 feet and apparently died from head injuries. No inquest planned. Steffey is from Bostic North Carolina.
MENTIONED IN THIS ARTICLE
Fayetteville
N.C
Carter Steffey
82Nd Airborne Division
Fort Bragg
Here
Maxwell Road
Cumberland County
Alph Clark
Steffey
Clark
Front Bostic
N. C
Spain Suppled Nearly Three Quarters of US Olive Oil Imports
The report notes that almost 75 percent of the olive oil imported into the United States this year originated in Spain. It highlights Spain as the dominant supplier and implies diversification of sources remains limited.
MENTIONED IN THIS ARTICLE
United States
Spain
Also Mentioned on This Page
205 Ave
Nixon
Praigg
Perpetual and Loan Assa
U. S S. Savings and Loan League
By Joe Brown
THE
Merchandise Mart
J. Arthur Welch
D. C. Williamson Real Estate Co
Washington St
Welch
Perpetual Savings and Loan Assn
High Point Furniture Co
High Point College
Piedmont
American Savings and Loan Institute
Greensboro
Homestead Ave
Gilbert Prim
Thomasville
First Baptist Church
Southern Buying Syndicate
mid-Atlantic States
John H. Tobin
Ince
Southern Retail Furniture Assn
A. Scott Parker Jr
Noble T
Allone Metals
Amer & Etira
Amer Erreeere
Amer Betta
PHA ccc BI
Amer Trust Trust Company
Seree Anvil
Teewenee Anvil
Eree
Arnold
Iene Company
Avianta Ges
Atlas Sewing
Eereeeeeeeer Bassett
Black Panther
Blue Ridge Ine CO
Ti” Colonial Stores
Aoche Cord Vvsee
Farrington Mfe Co
Franklin Life Insurance Co
Oas Prisitar Corp
Garfincke
Eee
Griese Foulpment
Guardian
Conemre
Guardian Coemre
Guilford Nat Bank
Gulf Cities Gee
Ccevercevere Gul
Anne Henes
Houdey Inne of
Aves On Pinante
Ee Am Home Insurance
Houston
Field Material Company
Inter Mountain Telephone
Brn of
Canada
Irvine Trust Goupene
Jefferson
Kerstone Portland Cement
Saeteeruee
Kingsport Prees
Eueee Lew Blower
Lenoir Finance
Aberty Life Insurance
Lite & Casueltyeparamennll
Life Companies Inc i 6
Life Inc Co
Vireinis
Lintern National Life
Athium Corp of
Amer
MacMillan Company
Seer
Maryland Casualty
Maxson Corp Escores
McLean Industries
McLean Truckine
Miles Lab
Mississipei Shippine
Moore Hendler Hardware National Prana
National Life & Accident Ane
North Amer Life
North Caroline Railroad
North Caroline
Occidental Life Sm
Penn Controle
Peninaular Life
Penn Fruit Co
Placenes
Northern RR
Piedmont Aviation
Piedmont Nature
Potash Co
Bre Co
Pyramid
Ineurance Racheich I
Reeves Soundcraft
Bs Shield Bantam
Recurite Life & Trust
Otis
BS Friend Life Security National
Ines
Amith Kline
Renren
Routhern Plastic Pner
Trailmobile
National Association of Real Estate Boards
J. Sturgis
May
vcKy ST
Calla Super Markets
High Point, N. C
Reke
Paul Owen
C.la
N. Main
Prudential Insurance Company of America
Mutual Life Inferance Company
Home Office
Newark
New Jersey
Sechrest
Red Cross
Spivey
P.O. Box
J. W. Sechrest & Son
J. W. Sechrest and Son
Lewice
Main — High Point