OPINION AND ORDER
HAROLD K. WOOD, District Judge.
The instant action arises out of an arbitration clause in a purchase order between plaintiff, Aberle Hosiery Company (Aberle) and defendant, Speizman Industries, Incorporated (Speizman). Aberle is a Pennsylvania corporation and Speizman is incorporated in the state of North Carolina. On November 6, 1970 the parties entered into an agreement whereby Aberle would buy and Speizman would sell 75 industrial knitting...
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