Winston-Salem, July 16—The resale of Bailey Brothers tobacco manufacturing plant and other property of the company was held today at noon at the court house. George T. Penny of High Point and Greensboro bid off the property at $300,000. The sale will be held open for a 10 per cent increase bid before the sale is confirmed. If this bid comes forward, it will necessitate another sale being held.
From the front page of the North Wilkesboro Hustler, July 30, 1924
newspapers.digitalnc.org/lccn/sn92072938/1924-07-30/ed-1/seq-1/#words=July+30%2C+1924
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