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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Sep 27, 1959
Page
5
Hosierymakers report strong 1960 demand with full production outlook through mid year. Nylon and texurized yarns lead sales while stretch nylon weakens. Crown Furniture buys Singer plant to expand upholstery. Engineers Hawley and Dillard join firms, Navy exhibits spur contracts. auction plans for Universal TV Furniture assets proceed.
The article explains Graham bread is named after Sylvester Graham, a 19th century reform lecturer. It notes the baking industry spent over 20 million dollars in 1958 on national newspaper ads to promote products. Company of Virginia attends a management school in Richmond. J C Hill, E Stan Moore, and John F Prevo complete courses in Raleigh for State Capital Life Insurance Company.
The Herald Tribune News Service reports the general business index hit a new yearly low, down to 160.8 as of Sept. 19, with Sept. 20 at 171.7 and Sept. 12 at 160.8. Steel operations are set at 365,000 tons, or 12.7 percent of capacity, up from 356,000 tons. The Federal consumer price index fell 0.1 percent in August to 124.8, still a record monthly high.
New York reports rising corporate liquidity with working capital up 3 billion to 125 billion in the April-June quarter. Manufacturing profits after tax hit a record 49 billion, while more than 100 firms have raised dividends or split stock. Monsanto polls investors on dividend mix. Gulf Oil launches three for one split plus 50 cent cash dividend and 3 percent stock dividend.
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