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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 07, 1962
Page
7
Business Notes by Joe Brown notes stores report early layaway. Roebuck’s Christmas Book highlights space age toys and battery operated items like vibrating brushes, shavers, sewing machines and a toy submarine. Educational gear also draws major attention as a busy long Christmas looms.
A compact analysis notes how individuals and organizations drive lead stories in business reporting. It highlights executives investors and firms repeatedly appearing in headlines across sectors and markets.
David C Gadd a local commercial artist joins Ed Kemp Associates to lead the agency's commercial art department. A High Point native he attended local schools Augusta Military Academy High Point College and Richmond Professional Institute studying commercial art for three years. After two years Army service he worked at Alderman Studios and most recently seven years at Servisign Co. Richard B Vaughan II of 122 Carolina Ave graduated last week from the International Paper Marketing School Mobile Alabama and works for Henley Paper Co.
Donnie F. Beasley becomes an industrial engineer at Anvil Brand Inc. He is a graduate of North Carolina State College in Raleigh and previously worked with Fieldcrest Mills Inc in Smithfield and Proctor Silex Corp in Mount Airy.
Theodore T. Toole Jr. was named president and chief executive officer of Singer Fidelity Inc succeeding Lawrence Katz who became chairman of the board. Toole, a spring appointee as vice president, is a Wilton Connecticut resident with past roles at Burlington Hosiery Acclaim Hosiery and the Hemphill Company. Singer Fidelity is a leading knitting machinery producer.
East Lansing Michigan AP By Alton Blakeslee scientists at Michigan State University use wind and automated equipment to harvest fruit and vegetables. A 74 mph wind from ground fans drops apples without bruising into padded mesh boxes while 35 mph winds collect cherries. Tomatoes and cucumbers are lifted by machines, with further research to fit crops to machines.
Miami police probation record shows Anthony Salvator Delabees, 19, admitted falsifying his job application to appear eligible and altered his driver's license age. He was caught and placed on probation after seeking a police position.
The Kennedy administration bets on the 1964 feed grain program amid pressure to impose supply controls on production. Congress rejected broader controls, and lawmakers argue the 1958 act could stabilize feed grains with current supports, while the administration seeks lower guarantees to pressure for permanent measures next year.
Congress sent President Kennedy a drastically revised tax bill with a seven percent credit for plant and equipment spending, aiming to spur growth and create jobs. The measure trims entertainment deductions and raises taxes on certain financial institutions to offset lost revenue. West Coast steel prices fell as ports faced a longshoremen strike halted by a court order.
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