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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 20, 1953
Page
5
The stock market slipped about eight percent in 30 days and fell to new lows, with the price index for industrials down around 23 points. The piece argues for long term holds in solid dividend stocks, cites General Electric as an example, and notes the impact of high cost plants on marginal companies.
Jack Williams, Inc. opens an office at 153 S. Hamilton St corner of Commerce in High Point. Williams, once with Bennett Williams and Southeastern Advertising, operated Southeastern in Savannah since 1933 serving Georgia Florida and the Carolinas. New local accounts include Alma Desk Co High Point Bending and Chair Co Continental Furniture Globe Parlor Winston-Salem Unique Furniture Makers.
Charles R. Sligh Jr., president of the National Association of Manufacturers, will speak at the Piedmont Industry Luncheon at the Greensboro Country Club Thursday at 12 30 p m Local invitations were issued by Henry A Foscue president of Globe Parlor Furniture Co Sligh 46 is described as the youngest NAM president in 30 years He will discuss A New Challenge in national and international affairs during the Greensboro appearance This event highlights NAM engagement with Greensboro Industry and local business leaders.
North Carolina Employment Security Commission assists Korean War veterans with job matching and benefits at no cost. Veterans' representative Claude R. Sealey explains priority for disabled veterans, step-by-step hiring flow, and ongoing post war placement efforts through local ESC offices and separation centers.
The article explains how veterans register with a representative at the separation center who forwards details to the veteran's ESC office. If veterans do not contact their local ESC, the representative sends a letter inviting them to use the services. Each ESC office provides counselors to help select suitable fields and arrange needed education or training plus ongoing labor market information and job opportunities.
Mitchell WerBell Advertising of Atlanta announces a High Point branch as part of its Southern expansion. Robert Barr, longtime Tomlinson of High Point advertising director, becomes Carolina area manager with offices in the Wright Building. Barr brings experience from several major agencies including F Wallis Armstrong Ward Wheelock Gardner Advertising.
The 18th biennial Southern Textile Exposition in Greenville South Carolina will run October 4 to 8 1954 at Textile Hall Miss Bertha Green director announced extra space will allow more exhibitors than 1952 The 1952 show drew about 40000 trade visitors and 259 exhibitors Textile Hall in downtown Greenville opened in 1917 and has undergone major enlargements and renovations including a 100000 renovation for the 1952 show Organizers Tex Hall ration James H Woodan president secretary Miss Green secretary and W G Sirrine board chairman note the event runs five and a half days with a shortened schedule this year starting Monday and ending Friday afternoon.
The weekly market summary notes a start with declines across major averages, a midweek rally that erased Monday losses, and a late-week slide amid weak spots in rails oils and autos. Short interest rose to 1,935,958 shares, the largest since March.
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