German investor joins National Springs Corp in High Point deal
The High Point furniture scene notes Willy Korf of Germany becoming a major owner of National Springs Corp as part of a European industry hunt led by ex Gov. Luther Hodges. Korf seeks American markets, with North Carolina investment interest to aid development rather than mere profit sharing.
MENTIONED IN THIS ARTICLE
Korf
America
North Carolina
Conservation and Development Department
High Point
Martinsville Firm Expands Amid Largest Order Fill
Richard M. Simmons Jr. of American of Martinsville Furniture Co. announces the Martinsville Virginia firm is in the midst of filling the largest order to date.
MENTIONED IN THIS ARTICLE
Richard M. Simmons Jr
American
Martinsville Furniture Co
Martinsville, Va
Fair Entry for NAFM Exhibit at Conrad Hilton Chicago
General Steel Products Co of High Point leases space at the Conrad Hilton Chicago for the National Association of Furniture Manufacturers eighth annual Supply Equipment and Fabric Fair September 15 to 18. William Bencini will head the exhibit featuring mechanical fixtures sofa bed hinges multiposition reclining chair devices davenport bed units and platform rocker springs.
MENTIONED IN THIS ARTICLE
General Steel Products Co
High Point
Conrad Hilton
Chicago
National Assn. of
William Bencini
Sampson Named Director of Hotel Motel Sales at Robey Drexel
Jeter S Oakley announces Jack Sampson appointed director of hotel motel sales for Robey Drexel Enterprises Inc effective immediately. Sampson will oversee all marketing activities for hotel and motel products. previously he was VP of sales and production at FP Way Furniture Co and before that president of Phoenix Chair Co both in Sheboygan.
MENTIONED IN THIS ARTICLE
Jack Sampson
Robey Department
Drexel Enterprises Inc
Jeter S. Oakley
Sampson
FP Way Furniture Co
Sheboygan
Phoenix Chair Co
Certain Feed Products institutes credit for IEH housing program
Certain Feed Products Corp. IEH program secures 100 million dollars in credit from Universal C.L.T. Credit Corp. announced by E. A. Diefen bach. IEH operates nationwide and builds low cost houses as primary and vacation homes. IEH, a Cer tain-feed unit of Ardmore Pennsylvania, has delivered over 10 000 homes since 1961, many under eight thousand dollars.
MENTIONED IN THIS ARTICLE
Certain Feed Products Corp
Institute For Essential Housing
Universal C.1l.t. Credit Corp
IEH
E. A. Diefenbach
Continental
United States
Certain-feed Products Corp
Ardmore
Wheat Control Plan Faces Growing Opposition in Referendum
The 1963 wheat control program faces likely stronger resistance from state and county Farm Bureau groups, though defeat would surprise farm officials. The plan calls for a national planting allotment of 55 million acres and quotas with penalties for overplanting, requiring two thirds voter approval across 39 states. The American Farm Bureau opposes controls and would favor lower price support with pay adjustments.
MENTIONED IN THIS ARTICLE
Washington
Federation
Charles B. Shuman
American Farm Bureau
Bray Electric Co. Is Sold to Bruce Bray Jr and Foster
Ownership of Bray Electric Co at 195 Centennial has been purchased by Bruce Bray Jr and Charles A Foster. The firm will keep its current name and continue motor repair work under existing supervision. Bray Electric Co founded by the late Bruce Bray Sr in 1949 has operated since then.
MENTIONED IN THIS ARTICLE
Kennnedy
Congress
Bray Electric Co
Centennial
Bruce Bray Jr
Charles A. Foster
Bray
Foster
Bruce Bray Sr
High Point
City of
High Point College
Noland Co
Bryant Electric Co. Inc
Economic Trend Moves Upward
The economy showed brighter hues with up indicators and a stock rally. Census data, GM vice president Knudsen optimism, Titan III contract news, and a steel dividend cut by Republic Steel shaped the week’s mixed but mostly positive trend.
MENTIONED IN THIS ARTICLE
New York
Census Bureau
Standard & Poor
Defense Department
Martin- Marietta Co
Knudsen
Republic Steel Corp
New Car Driving Changes Across Industry
AP Automotive writer notes that strict driving limits for new cars have faded as manufacturers credit better methods and engines. Chevrolet and Chrysler executives advocate varied speeds in early life of engines to aid lubrication and break-in, arguing short high speeds and frequent changes are acceptable.
MENTIONED IN THIS ARTICLE
Detroit
Harry Barr
Chevrolet
Barr
Harry Chesebrough
Chrysler Corp
Magazin
Security Quotation Guide From The August 24, 1962 Report
Unofficial bid and asked prices from the National Association of Securities Dealers and other sources serve as a guide to approximate ranges for securities. They do not reflect actual transactions and are given for reference at the time of compilation.
MENTIONED IN THIS ARTICLE
National Association Securities Dealers, Inc
Also Mentioned on This Page
By Joe Brown
Sears
S. Burke Koontz
W. C. Koontz
S. Main Ext
Sears, Roebuck and Co
Atlanta
Greensboro
Koontz
Koonitz
Lucy Neal Thayer
Trinity
Brinkley Lane
N. E
New York City
Loew's Hotels
51St Street
Sixth Avenue
Morris Lapidus
Simmons
New Credit
By Ovid A. Martin
The
NRY, On ™ Inc
Moritgae
High Point, N.C
W. Washington St
Bray Electric Company
Jack Lefler
AP Business News
Semon E. Knudsen
General Motors Corp
M. D. Keith
Hayden Place
College St
College Starking Lot
John A. Maxwell
N. Main St
N. C
Bus
Res
State Farm Insurance Companies
Bloomington
Ilinois
Max Bones
N. Main Street
Ben Phlegar
Automotive
Canada
Life i Wery Serving Trust Cor Seneeny
Itarcen
Frontier Finance A Ul
Eae Kaiser Rey
Kavanaugh Smith
Southland Ke & Company
State Capital Lite Relutes 24 Inc
Sterling Inc
Liberty Loan Prd
Arkets Common
Wive Lite
Stevens — Mies
Still Man Mfg
Lilly & Comperyen
Lowe's Compan
Luck Stores
Texize Chemova
Maxson W. L. Corp. ™ Textiles, Inc
Dams
McLean Industries
Thermo Plastics
Metrotek Electronics
Thomasville Industries
Handley, Haw
Biofico
Natl, Dev. Corp
Ime, Inc
Wed Security
National Food
Towmotor Corp
Ilvac Metals
Trans Gas Pipeline
Merican & Guird Oo
Ces Ba
National Life & Accident
Travelers Insurance
Amer
Natl
Merican
New Britain Machine
Ss Chemical Milling Me
Fidelity Life
U. S
Samerican Land
N. C. Natl Bank
U. S. Real
Eeeseaeeed
N. C. Natural Gas
Wachovia Bank & Trust Co
Walker
Tlanta Gas Light
Occidental Lite
Walter
Jim
Ohio State Life
Watson Bros. Trans vii Bassett Furniture
Transportation
Western Carolina Tel Ba — Billups Western Petro
Western Pwr. & Gas
Blue Bell, Inc
Wright Homes
Boston Capital, Inc
Zonolite Co
Owater Paper
Pextile Corp
Brush
P&n Railway
M. C. Finance
Piedmont Aviation
FM Corporation
Piedmont Natural Gas
Abannon Mills
Public Service of
N.C
Arolinas Capital Base
Pyramid Lite
Arolinas Casualty
Republic Nazi Lite
Arolina Natural
Rose’s
Arolina P&l
Rowe Furniture
Arolina Tel
Savannah Elect, & Pwr
Entral Telephone
Savannah Sugar & Refining
Entral Vermont
Shield Bantamia Colonial Stores Common
Scottish Bank
Colonial Stores
Scott Foresman Ala
Pia
Scott Mattson Farms Olorcraft Corp. da
One Mills
Consolidated Credit
Uiligan, Inc
Donnelly, RR & Sons
Downtowner Corp
Drexel Enterprises
Duffy Mott Inc A
Dynatronics
Eastern Util
Fidelity Bankers
First Union Natl Bank Florida Gas
Hamilton
Hanes, P. H. Knitting
Harris Teeter Fi
Hornes Enterprises Huyck Corp
Intermintel
Interstate Life & Accid
Allied Securities Corporation
Commerce Place
Greensboro, N. C
Ses Meinhard & Company Inc
Park Ava
Southern Ee Otis L. Holland Green
Charles E. Diffendal, JR
Southeastern Securities Corporation
Winston-Salem - Charlotte + Greensboro
Philadelphia-Baltimore Stock Exchange
Eugene M. Wilson
Tabor St
Nationwide Mutual Insurance Co
Nationwide Mutual Fire Ins. Co
Nationwide Life Insurance Co
Home Office
Columbus
Ohio
Professional Life Insurance Service
George P. Clark
C.L.A
NEW England Life
Mutual Life Insurance
Robert A McCuiston
Edgar T. Docbrow
Accident & Health
Pension
First Mortgage
Powell, Kistler & Co
Trans-Lux
New York Stock Exchange
Life Insurance
Wickcliff Ave
Joe Honeycutt
American Life Ins. Ala
Moore Handley
Pyramid Life Ins
Crompton Builders
Travel Lodge
Lil General Stores
Premier Corp
First Southern Co
Yardley, Ltd
C.M.C. Finance
Textile Corp
J. Sturgis May & Co
N. Car
Nat'l, Bank
R. Delbert Kirkman
Robert E. Long
Ralph C. Davis
William R. Taylor Jr
George D. Davis
C.la
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