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High Point Enterprise in High Point, North Carolina

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Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

Sep 29, 1957

Page

5

Local Firms Add Sales Staff as Industry Buzz Grows

Furniture companies announce new sales representatives across states. Heyward Moseley joins B and W Upholstering for Florida while Cecil Brown covers Alabama and Glenn Shepard handles Kentucky. James Boyd and Morton Janney named by SilverCraft for Carolinas and Virginia. Stroupe Mirror adds I Foy Horton as general manager based in Thomasville. The Piedmont Chapter of the National Association of Accountants lists dates and speakers for the year including Marion Heiss Gordon Hanes and J D Powers among others. about 170 members. The American Woodworking Machinery Show in Winston Salem is set for May 13 with over 400 machines reserved. Gordon Weathers completes sales management course. Reid Marsh attends the National Association of Life Underwriters meeting in Detroit.

B. & W. Ieolstering Co Heyward E. Moseley Neptune Beach Fla Florida Cecil M. Brown Macon, Ga Alabama Glenn Shepard Lexington, Ky Kentucky SilverCraft Furniture Co James D. Boyd High Point Carolinas Morton Janney Norfolk Virginia Stroupe Mirror Co I. Foy Horton Horton Sandhill Furniture Corp Thomasville Piedmont National Association of Accountants Marion W. Heiss Cone Mills C. P. Baxter Radio Corp of America Gordon Hanes Hanes Hosiery David W. Thompson Peat Marwick Mitchell & Co T. W. Spicer Western Electric J. D. Powers Wick Chemical Martin L. Black Jr Duke University J. H. Millis Adams- Millis Corp Morris C. Benton McLean Trucking Co Winston-Salem C. F. Hayes J. W. Rose Central Piedmont Winston- Salem United States Grand Rapids Mich

Market Prices At Lowest In Two Years

New York markets fell this week to the lowest levels since October 1955 with the Associated Press average of 60 stocks down to 165.50. The decline shaved about 5.33 billion dollars from listed stock values on the NYSE, in a week of heavy selling and volatile trading.

New York Associated Press New York Stock Exchange American Stock Exchange Pacific Petroleum Tri-Continental Pancoastal Petroleum Webb & Knapp Fargo Bethlehem Steel General Motors Standard Oil New Jersey U.S. Steel Chrysler

Visit in Board Room All Types Of People On Stock Market

New York Sept 28 The stock market room at Merrill Lynch shows diverse players from a $80 000 trader named Joe to a millionaire woman Eleanor and other figures including Dennis a 75 year old speculator and Sam an unemployed accountant. They watch tickers await a rally amid a downtrend and discuss profits risks and experience in an intimate industry setting.

ED Morse New York Merrill Lynch, Pierce, Fenner & Beane US Steel Standard Oil-New Jersey New York Central Joe New York City Massachusetts General Tire Westinghouse Sperry Safeway Jones & Laughlin Youngstown General Dynamics Royal Dutch Gulf Maryland Shell America Eleanor Florida Dennis Sam

Government Bonds Rise During Week

US government bonds gained ground this week as trading volume rose on the big board to 23.27 million value units from 17.48 million last week and 18.33 million a year ago. Investment grade corporates held firm while industrials advanced and rails utilities and foreign dollar liens declined.

New York

Becomes President Under 20th Amendment Clarified

Under the 20th Amendment the vice president elect becomes president if the president elect dies before the term starts. The provision fixes the date for the start of the new term and ensures a smooth transfer of power.

U.S

Cotton Futures Climb On Higher Ground In Week Sec

New York Sept 28 Futures rose for the second straight week as unseasonable weather and mill curtailments spurred buying. Active contracts on the New York Cotton Exchange closed with gains of 1.00 to 2.70 a bale amid profit taking and light hedge selling. The USDA mid September parity rose to 37.06 cents from 36.93, surprising traders who expected little or a decline.

New York New U.S. Department of Agriculture

Also Mentioned on This Page

Gordon B. Weathers State Capital Life Insurance Co Raleigh State Association Reid Marsh National Association of Life Underwriters Detroit By Joe Brown George D. Davis C.L.A George D. Tel Aerotron Peete Eee Allvac Eeeee Eeee Amer & Efird Mills Amer Ritage Seeeneee Eeeeee Ee Supply Snes Amer Marietta Wee Amer Marietta Pia Ase Amer Frese “ Tewee Anvh Brana Pia Atlanta Gas Light Arnold Stone Company Eee Am Atlantic Stee Oneida Atlas Sewing Center Oeemetes Auto Finance Bank of Amer Bassett Purniture Blue Ridge Ins Co Butler's Inc Cannon Millis Cape Fear Wood Caroline Aleve Carolina Tel & Tel Nse Aes Cerolina Od Central Tel Cerlist Diesel Chatham Mix" Co Colonial Pia Collyer Wire Commonwealth Life of Ky Copeland Donnelley Rr, & Cons Drexe) Furniture Co Drexe) Furniture Co Bvdeeoes Electronic Accte Card “Ee Erwin Mills Inee Eeenene Partington Mig Co “A Ws of Food Art Weteee Ee Pranklin Life Ins Co Ove Prigital Corporation Garfinckel Garfinckel J Grigss Sanus Eee Eeeeeene Guardian Consumer Dust Consumer Guilford Nat Bank Eevee Vere Sane Holiday Inns of Amer Home Finance Group Home Insurance Co Houston Hyoon Mfg Co Inter Mountain Tel Div Serva Syn of Canada O Irving Trust Company Iver, JB. & Co Oven Im”Fferson Standard Life Kaiser Stee Kellose Company Lenoir Finance Steerer Life & Casualty Ins Penn Fruit Co Pia Permutit Piedmont Eeeeeenee Piedmont Aviation Postal Life Ins Co Seeee Edrd Potash Co Amer Cveseesee Sve Co Or Nenese Ae Rawleigh Eeseees Shield Bantam Security Life & Security Net Bank Skyland Life A. Bottom Delhi Taylor Tennessee Gas Tidewater Gas Travelers Inc Twin Coach Percy I. Payne Jr Mel & Co. Inc North South Carolina Edward F. Skinner Southern Spivey Marenna Box Recife Paul Owen C.sa Special Agent N. Main St THE Prudential Insurance Company OF America Wuteo Ietomers Newark Piedmont Natural Gas Greenville Spartanburg S. C Greensboro North Carolina Anenastytes van Wek Didvisers J. Sturgis May & CO Security Bank High Point, N. C High Point Savings & Trust Our Bank Is A Modern Financial “Shopping Night Deposit Box N. Main Member Federal Deposit Insurance Corporation
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