Wholesale Grocery Concern Palmer-Payne Co. Sold to Leak-Parsons Co., 1920

From the front page of the Rockingham Post-Dispatch, Thursday afternoon, September 2, 1920 Leak-Parsons Co. Buys Out Palmer-Payne Co. The wholesale grocery concern of Palmer-Payne Co. last week sold out to a new company known as the Leak-Parsons Company. Inventory was taken on Monday and Tuesday, and the new company took formal charge of the business Wednesday, Sept. 1st. The incorporators of thenew business are T.C. Leak, W.C. Leak and W.L. Parson Jr. Wm. C. Leak is president and Watt Parsons is secretary-treasurer. It is incorporated at $125,000 capital stock. Mr.J.N. Hasty will give the business his active management.