Granville Bonded to Expand After Purchase Move
Granville Bonded Warehouse Inc has purchased the structure it has occupied for two and a half years from Moore-Best Realty Co. President Glenn Crichfield expects only general improvements now with potential expansion as needs arise and notes a 40 000 square foot facility could be doubled on suitable property. Crichfield says High Point supports a modern warehousing facility in both moving and industrial warehousing sectors. The firm handles general warehousing except refrigerated products. Textile Stock Insurance Co plans a stock issue up to 210 000 by offering one share for each four held at 1 a share. Holders must respond by Dec 12 at 5 p.m. The offering may then follow to officers, agents, employees, and others per board direction in North Carolina. A group of High Point businessmen will purchase remaining 50 percent at not less than 11 a share. President James Cage reports a strong response with 6 000 dollars in purchases. Hunter adds a Florida ice plant near Pahokee on Lake Okeechobee to serve produce trucking and rail sectors. The 80 ton plant, due mid February, will ice and blow snow ice into trucks and be run by D W Hunter Jr who will oversee both operations. The venture is not aimed at domestic ice production.
MENTIONED IN THIS ARTICLE
Rresenty
Crichfield
High Point
James Cage
Nationwide Corporation
National Life & Accident
Tional Association of Security
Dea- North Carolina
Eece
Ilers, Inc
Occidental Life
Ohio State Life Eeerese
Watet
Peninsular Life
Piedmont Natural Gas
Pisémont
Provident Life & Accident
Public Service
Pyramid Life
Euewneete
Rawheish, J.N. Company
Soundcraft Eee
Republic National Life
River Brand
Rice Mills
Adams
Sss
Roberts Company
Aircreft Radio
Ryder System
Eee
Shield Bantam
Allvac Metals Aeeeeneeee
Scripto Ine Amer Commercial Bank
Enere
Security
Sife & T Security National Bank
Rust
Amer & Efird Mills
Amer Heritage Vee
Skyland Life Sonoco Products Coves
Amer Hospital Supply
Southern Heritage Eee
Amer Marietta Amer Marie
State Loan & Finance
Atlas Sewing Centers
Sterling Investment Fund
Stevens Markets
Bank of America
Stevens
Bassett Purniture
Superior Cable
Cesesrees
Sutton, O.aeeeneneteee i
Billups Eastern Petroleum
Tampax
Black Panther Company
Texas Eastern Trans
Blue Bell, Inc
Textiles Inc
Butler's Inc
Time, Inc
Cannon Mills
Towmotor Corp
Conver
Fear Wood Press
Ste
Trann Gas Pipeline
Carolina Casualty Ins
Weeee MG
Travelers Insurance
Carolina
Carolina Tel & Tel
United Ins Co
Central Elec & Gas Co
Life Insurance
Central Telephone
Wachovia Bank and Trust Century Food Market
Walter
Jim
Ccc
Crerenunees
Chatham Mfg. Co
Esereeeeeeee - Ateen Brothers
Teners ’ Colonial Stores
Western Carolina Tel
Colonial Stores
West Point Manufacturing
Seenerenee - Colonial Stores
Wise Homes
Zonolite Company Eee
Collyer Wireeeee Century Food Market
Commonwealth Life
Eeneee Continental Gin Cone Mills
Eeuneee Eee
Copeland
Delhi Taylor Oilaeeeneeer
Nce Group
First Union National
Aeee Life Insurance
Fristkar Corporation
Guardian Consumers
Eeeee Bank
Oenere
Gulf Cities Gasee Gulf Life Hanes P. H
Amot Ceeeee Holiday Inns
Eeeneee 1 Company
Houston
S---Res . Co
Canada
Standard Life
Ketchum & Company
Tonett Pinance Esenaeeeee
Levingstone Shipbuild
Aerere
Life Companies
Lucky Aee
Maxson, Corp
Eerreeee Sonewenenereee Srseeee
New design firm led by Hubert J. Rockwell forms Furniture Design Center
Hubert J. Rockwell to head a new design organization named Furniture Design Center with enlarged offices at 336% S. Wrenn St near the Furniture Exposition Building. Dean Comer named Comptometer Corp sales rep for the area, based in Greensboro with prior posts in Durham and at Home Beneficial Life and Southern Bell. Morpul Inc of Greensboro names A B Crew of Durham as VP in charge of quality control for about 200 licensed mills producing orpul hosiery. General Electric Asheville plant employees participate in a $150 prize drawing for voting in the November election. over 90 percent voted and were entered via the plant newsletter reminders.
MENTIONED IN THIS ARTICLE
Hubert J. Rockwell
Furniture Design Center
Rockwell
Design South
S. Wrenn St
Furniture Exposition
The
Comptometer Corp
Dean Comer
High Point
Comer
Filbert St
Greensboro
Morpul Inc
A. B. Crew
Durham
General Electric Company
Ashevoro
Corporate Government Bonds Rise In Light Week Gains
New York bonds posted weekly gains with government market trading light yet corporate issues rallying. Industrials and rails led, utilities and investment grade bonds rose modestly, and foreign dollar bonds held steady.
MENTIONED IN THIS ARTICLE
New York
USS
Treasury
Strike Threat at Harriet and Henderson Cotton Mills
About 1,200 workers at Harriet and Henderson Cotton Mills near Henderson N C prepare for a strike vote after a week of failed negotiations with management The Textile Workers Union of America called the meeting with federal and state mediators present The dispute centers on an arbitration clause and the old contract expired last Monday A stand by status was arranged at the five mills and a strike would cause roughly 12000 in daily wage losses per day with the same management over two separate corporations
MENTIONED IN THIS ARTICLE
Henderson
N.C
Harriet and Henderson Cotton Mills
Textile Workers Union of America
John D. Cooper Jr
Cooper
Chrysler Rejects Arbitration Proposal Amid Auto Worker Strike
Detroit reports the United Auto Workers and Chrysler rejected Saturday arbitration for a contract covering 8000 union office workers and engineers. The walkout idled about 40,000 of Chrysler’s 70,000 production workers, halting 1959 model output. The union proposed immediate effect of agreed issues and arbitration on unresolved items within 30 days. Chrysler said issues can be solved without outside interference.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers Union and Corp
Chrysler
UAW
Walter P. Reuther
John D. Leary
Leary
Do I Have to File An Income Tax Return
Editor Nolte begins a series on income tax basics noting that many incomes are not taxed and outlining when a return must be filed. It emphasizes statutory income thresholds, self employment tax, and refunds for withholding, while warning there is no simple answer.
MENTIONED IN THIS ARTICLE
Sam
Flue-Cured Tobacco Markets Close Across Belts
The Eastern Belt ended sales this week with Rocky Mount and Wilson closing early and other towns like Petersburg and Clarksville set to finish by late November. Middle Belt markets such as Durham and Oxford plan closing dates next Friday with Fuquay-Varina following Tuesday. Old Belt prices held steady with four days of operation, while total weekly gross sales reached 18,447,504 pounds at $55.42 each hundred, Virginia totals at 10,761,064 pounds and North Carolina at 7,686,440.
MENTIONED IN THIS ARTICLE
Associated Press
Middle Belt
North Carolina-Virginia
Rocky Mount
Wilson
Durham
Oxford
Fuquay-Varina
Louisburg
Henderson
Warrenton
Federal State Market News Service
Old Belt
Virginia
North Carolina
Petersburg
Greensboro
Mebane
Stoneville
N.C
Mount Airy
Clarksville
Development Board Names Midgett to Conservation Role
Elizabeth City businessman Midgett, age 47, was appointed to fill the vacancy on the 18 member Development Board. His term runs until June 30 1963. The seat opened November 1 after Jenkins of Aulander died of a heart attack. Midgett has been active in eastern North Carolina educational affairs and served in the State House in 1943 and the State Senate in 1947.
MENTIONED IN THIS ARTICLE
Midgett
Elizabeth City
Jenkins
Aulander
Eastern North
State Teachers and Retirement Commission
State House of Representatives
Pasquotank County
State Senate
Stock Market Keeps Bull Run To Record Highs
New York AP reports a continuing bull market with stock averages at all time records. The week saw eleven of thirteen weeks of gains as inflamed optimism and inflation fears fueled buying across blue chips and speculative favorites. Midweek momentum eased but a final push kept prices near highs amid profit taking Thursday.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Hodges leads 115 Tar Heels to Philadelphia industry hunt
Gov Hodges heads a four day effort in Philadelphia to attract new industry to North Carolina. About 115 development minded Tar Heels will join luncheons and talks with prospective investors Monday through Thursday. He returns to Raleigh Friday for a news conference and opens the annual meeting of the Governor's Highway Safety Council in the afternoon.
MENTIONED IN THIS ARTICLE
Raleigh
Philadelphia
Gov. Hodges
Tar Heels
Highway Safety Council
IIT President cites senior loss of engineering and science agent
President John T. Rettalita of the Illinois Institute of Technology reports the loss of a senior level engineering and science agent has reached serious proportions.
MENTIONED IN THIS ARTICLE
John T. Rettalita
Illinois Institute of Technology
Also Mentioned on This Page
By Joe Brown
New Design Firm
Comptometer
Home Beneficial Life Insurance Co
Southern Bell Telephone
Morpul
Henderson Mills
Nolte
North Carolina Society of Accountants
Development Board
N. C
E. C. Lane
epreeen_ JEFFERSON STANDARD LIFE INSURANCE CO
Greensboro, N.C
Proper Life Insurance Service
George D. Davis
C.la
N. Main ST
Stock Mart
J. Wilson Rogers Insurance Agency
Ana
W. Green
Piedmont Natural Gas Co
Piedmont Natural
Piedmont Area
North
Winston-Salem
Burlington
Duke Power Company
Ten
Asheboro
TEL
North Main
Member
Federal Deposit Insurance Corporation
S. Main
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