Newspapers / The Journal-Patriot (North Wilkesboro, … / Jan. 20, 1947, edition 1 / Page 3
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' ^r'ces Of All Ford Passenger^^B Cars Receive Major Redaction Jan. 18.?The Ford Company tonight reduced on Its passenger cars In s It hoped would "halt the spiral of mounting costs rising prices." The company ?. announcing Ice cuts up to 850 on some led on other compan to follow in returning to "the principle that higher wages and higher standards of living for all depend upon lower costs and low er prices." Ford, only major auto maker which did not increase prices aft-, er decontrol last Fall, became the first actually to cut them. President Henry Ford U said the decreases would go into ef fect immediately as his com pany's "down payment toward a continued high level of produc tion and employment in the months ahead." "?Although more than 1,000, 000 of our customers are waiting for delivery of their cars at pres ent prices, we are immediately reducing the price of every Ford car?some; models as much as $60," Ford said. "Wo believe that the 'shock treatment' of prompt action is needed to halt the insane spiral of mounting costs and rising prices and to restore a sound base for the hopeful period of postwar production we 'are now entering. "In the short view, we can see inflation," Ford said. "In the long view, there is danger of de gression. "The period since V-J Day has been an unhappy and costly per iod of reconversion to peacetime production. Ford Motor Com pany has lost millions of dollars since V-J Day, even after all tax adjustments. "The American economy now stands at the turning point. Mounting costs and rising prices have warranted caution and hesi tancy. There is even general fear that this dangerous, un-Ameri can cycle cannot be corrected without an economic recession. | "We hope, as we move for ward, that we will be able to re duce prices further, and that we will not be forced to raise them again to compensate for cost in creases," Ford said. Support Y. M. e. A. FOR SALE Several Nice Building Lota in New Development at Mountain View (6 1-2 miles from North Wilkes boro, on Hardsorface Highway, close to church and school, with bus service. An ideal location. These lots are priced to sell quick. Terms, if desired. L. G. WATKIHS HAYS, N. C. FURNITURE? ALWAYS TARE A LOOK RHODES-DAY North Wilkes ho n?, N. C. REPORT OF CONDITION OF The Bank of North WHkesboro AT THE CLOSE OE BUSINESS ON DECEMBER 31, 1946 Snfc. balances with other banks, including reserve , nn?ntr, Jbalances and cash items in process of collection. $1,797,224.46 United Spates Government obligations, direct and guaranteed 5,773,764.94 Obttgatiows of States and political subdivisions 166,249.78 Other bonds, notes and debentures 138,194.23 Puni w>i i stocks NONE aad discounts (including None overdrafts) ? 1,759,783.07 Bank premises owned $36,250.00, furniture and fix tures $2,976.49 ? ? 39,226.49 Bank premises owned are subject to NONE liens not assumed by bank). Real estate owned other than bank premises ?_? NONE Investments and other assets indirectly representing bank premises or other real estate ' Customers' liability to this bank on acceptances out standing - NONE Other assets 20,748.14 TOTAL ASSETS - ' $9,695,191.11 NONE LIABILITIES , f ? Demand deposits of individuals, partnerships, and corporations $4,691,316.61 Time deposits of individuals, partnerships, and cor- ? porations : 8,697,861.02 Deposits of United States Government (including postal savings) 180,411.21 Deposits of States and political subdivisions 578,091.92 Deposits of banks 133,447.72 Other deposits (certified and officers' checks, etc.) 53,474.80 TOTAL DEPOSITS $9,234,603.28 Bills payable, rediscounts, and other liabilities for borrowed money 1 NONE Mortgages or other liens, on bank premises and on other real estate NONE Acceptances executed by or for account of this bank and outstanding NONE Other liabilities 53,850.80 TOTAL LIABILITIES (not including subordinated obligations shown below) $9,288,454.08 \ CAPITAL ACCOUNTS Genital - I 100,000.00 Surplus ' 250,000.00 Undivided profits 45,509.57 Reserves (and retirement account tor preferred cap ital) 11,227.46 TOTAL CAPITAL ACCOUNTS 406,737.03 TOTAL LIABILITIES AND CAPITAL ACCOUNTS $9,695,191.11 ? . ? This bank's capital consists of NONE of capital notes and debentures; first preferred stock with total par value of NONE, total retirable value NONE; second preferred stock with total par value of NONE, total retirable value, NONE; and common stock with total par value of $100,000.00. MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes NONE Obligations subordinated to claims of depositors and other creditors, not included in liabilities? NONE r R. iW. GWYN, Cashier, of the above-named bank, do solemnly rear that the above statement ia true, and that it fully and correctly capreeents the true state of the several matters herein contained and ?T forth, to the best of my knowledge and belief. R. W. GWYN, Cashier Correct.?Attest; j. r. mx, RALPH DUNCAN, W. D. HALFACRE, Tiauctors State of North Carolina, County of Wflkes, ss: Sworn to and subsbcribed before me this 10th day of January, 1947, nd I hereby certify that I am not an officer or director of this bank. y T. C. CAUDILL, Notary Public Expires Oct. 14, 1948. # rairplains Club Meets With Mrs. W. Brooks The Fairplains Home Demon-! stration club met January 7th at! the home of Mrs. Wiley Brooks ? with a large attendance. Mrs. j Wiley Brooks, the president, pre sided. The meeting was called to order by singing' "It's A AJood Time to Get Together" and re peating the club collect. Mrs. Aaron Brooks, 'in absence of the secretary, Mrs. Mabel Cleary, read the minutes and called the roll. Mrs. Brooks also gave the treasurer's report, after which the usual business was taken up. Plans for the New Year were made, and a full class from the club plans to enroll for the Home Nursing Course to be held in Mulberry school beginning Jan. 20th. Aanyone wishing to en roll with us call Mrs. Wiley Brooks. We hope to make up the second class from our commun ity. The club gave a skit on the Dutlook for the New Y&r 1947. Those taking part were Mrs. Roy Stoker, Mrs. Wiley Brooks, Mrs. Aaron Brooks, Mrs. Cora Col vard, Mrs. Quincy Whittington, Mrs. E. E. Vaught, Mrs. Annie H. Green and Mrs. W. E. Snow. This skit proved7 to be very in teresting. The club added two new mem bers. Mrs. C. C. Gambill and Mrs. Shirley Church. The highlight of the meeting was having our Home Agent, Mrs. Annie H. Green, with us a gain with all her pep and zeal. The club planned for our Eichievement day to be held in the Masonic Half February 6th, 1:30 p. m. Our club will demonstrate the Home Library. Anyone in terested in knowing the Books you should or should not read be sure to be there. At the close of the meeting a contest was held. Mrs. -Roy Stoker and Mrs. Cora Colvard won prizes. Next meeting will be held with Mrs. Quincy Whitting ton. Demonstration will be on pressure sauce pan. At this meeting Heart Sisters names will be drawn. Be sure to be there.?Reported. Millers Creek All Stars Win 15th Millers Creek all stars captur ed their 15th consecutive basket ball victory Monday night by de feating Blowing Rock 72 to 68 In a free scoring game played at Millers Creek. _ Setting a near record for num ber of points scored by two teams, the lead changed fre quently and at half time ?lowing Rock was ahead 36 to 33. Mast, rangy center for Blowing Rock,, ran up a total of 39 points. The lineup and scores: ' M. Creek 72 B. Rock 68 McLean 21 Hayes 10 J. T. Vannoy 4 C. Lentz 12 Whittington 6 Mast 39 M. Eller T5 Green 3 Parsons 2 P. Lentz 4 Bumgarner 13 Williams Clark 11 Edwards H. L. Eller Jenkins o Yes, most all ladies' and miss es' Coats qnd Dresses have been priced to take a ride in a way to speak. The thoughtful buyers have an unusual chance to save and enjoy the comforts^ of these stylish and serviceable garments. Just pay us a visit right away. Yon must be pleased.?The Good will Store. SUPPORT THE Y. M. C. A TRAIL'S END Laboratory Blood Tasted CHICKS Save yourself that ap hill climb. Start on top by buying Trail's End superior chicks. Large, healthy, vigorous, blood tested chicks from extra large high egg blooded breeders. Tears of uneqafled blood lines used in our breeding program. White Leghorn, Barred Rocks, New Hampshire Reds, R. I Reds. A flood of testimonials for years we believe is really the best proof of results. OUR LOW PRICES WILL SURPRISE YOU Please write for free record of results, true facts, very low prices. SEXED OR AS Til 1ST ARE HATCHED. Cockerels $3.95 per 100, np Chicks' $7.95 per 100, np ~ . Trail's End Poultry Farm Gordons ville, Virginia SOFFERS GREATER REDUCTION APFAREL...SAVINGS UP TO 50% ON f HE 1ST FLOOR" WEARING APPAREL For Boys and Girls Boys' LEGGIN SETS l/2 PRICE Boys' OVERCOATS J 1/2 PRICE Boys' Leather JACKETS Were $9.95 _now $4.97 . Were $10.95 now $5.47 Boys' and Girls' SNO SUITS 1/2 PRICE 1 Group Women's HANDBAGS V2 PRICE * Small Group Girls' Reversible COATS Were to $12.60 5.00 Small Group Girls' COATS Were to $17.95 7.00 WEARING APP Aft EL For Boys and Girls Girls' DRESSES 1/2 PRICE Girls' COATS 1/2 PRICE Girls7 LEGGIN SETS 1/2 PRICE Girls' RAINCOATS 1/2 PRICE Girls' FELT HATS Values to $2.24 99c Toys and Dolls y2 PRICE Girls' HANDBAGS GREATLY REDUCED DRASTIC REDUCTIONS ON WOMEN'S SHOES ? ' V VALUES jl ^ VALUES A ^ VALUES a 53?9? SI. >?.* $2. >9?95 S3. Exceptional Values ? Women's Fashions - 2nd Floor... WOMEN'S Fur-Trimmed COATS... 1 Size 12 black Persian trim, was $179.00, now $89.75 2 sizes . 16-18 muskrat trim, were $110.00, now $55.00 1 size 12 bkick Persian trim, was $110.00, now $55.00 1 size 14 aqua, lamb trim, was $99.50, now ? $49.75 1 size 14, black, Persian trim, was $89.95, now $45.00 1 size 16, beige, skunk trim, was $89.95, now -- $39.88 Entire Stock Ladies' * Fall and Winter FELT HATS Values to $12.95 1.00 All Fall and Wnter SUITS 1/2 PRICE Entire Stock Women's Slipover SWEATERS Solids and Jacquards y2 price SMALL GROUP ... All Untrimmed FUR COATS i/2 PRICE COATS i/2 PRICE Entire Stock Women's Eall & Winter One Group DRESSES Raincoats SowVfpicE "0W % ralc? 7 v V? 1 Group Ladies' SKIRTS
The Journal-Patriot (North Wilkesboro, N.C.)
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Jan. 20, 1947, edition 1
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