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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 15, 1962
Page
6
Kusan Inc of Nashville introduces Backyard Billards a lawn pool game using polyethylene balls mallets and a 5 by 10 foot fiberglass net enclosed area. The game supports two to four players with several variations and echoes billiards and croquet in a garden setting.
U S Steel raised prices by six dollars a ton triggering a wave of follow ons from rivals then retreated after government pushback. Bethlehem Inland and US Steel backed down as investigations by Justice Department FTC and congressional committees began.
American Furniture Co will add a 210000 square foot upholstery plant at the 73 acre Redd Level site near Martinsville. President R M Simmons Jr says the plant will have capacity for more than 7 million dollars in annual volume and create substantial local jobs pending skilled hires. Construction starts immediately with production expected late this year.
Patrician Furniture Co an affiliate of Carsons Inc plans to start upholstery chair production in a 33000 square foot building at Highland Avenue and W Green Street ready for occupancy by July 1. Officers are Clarence C Keever president Thomas C Stout vice president and Walter E Crissman secretary. The firm will employ about 75 production workers and will merchandise its line with Carsons. Carsons Inc operates plants in this city and Madison Florida with Carson C Stout as president.
The piece notes rising convention business in the United States with 1960s style figures. It cites spending by delegates and visitors, city earnings from conventions, and the shift from rowdy to professional hotel scenes. It highlights New York and Philadelphia as major hosts and describes bureau practices and funding.
The Farm Credit System, established in 1917, marks its 45th anniversary as the world’s largest cooperative credit network for farmers. It funds long to short term loans via money markets, supervised by the Farm Credit Administration, linking farmers with lenders through 12 federal land banks and 800 local associations. Since inception these banks and associations have made over 1.5 million loans totaling more than $8 billion.
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