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PAGE SIX BUSINESS BETTER'THAN AT I, SAME TIME LAST YEAR J Monthly Review of the Federal Reserve < Bank Shews This. 1 Richmond. V«., June I.—The monthly! review of the Federal Reserve Bank of ; Richmond says that while the business , outlook is less favorable at the end of ] May than it was a month earlier this year, it is better than at the same time 1 ( last year. 1 , “The chief changes during the past month,” says the review, released for pub- [, lication yesterday morning, “were in the! textile industry and in agriculture, in which expected improvement did not ma terialise. “Textile mills,” continues the review, “have begun to accumulate more stock than they think desirable, and curtail- ] ment of operations is being widely ad vocated, while dry weather in April and unseasonably cool weather in May re tarded crop development and partly neu- f traliaed the advantages the farmers had, secured from early preparation of land | for planting. Farm labor is scarce and , high, fertiliser nrices are higher than tk year ago, and farmers are comparative ly short of working capital, all of which tends to make the agricultural outlook uncertain. Farm work is from ten days to two weeks ahead of last year, how ever, and favorable weather could over come the ill effects of the recent dry and cool weather. “Favorable factors are not lacking in the present situation. Banks are in a strong position, generally speaking, and credit is available for any legitimate needs that appear likely to arise. Debits to individual accounts are running ahead of 1!)24, indicating 'that a large volume of trade is being done. Business fail ures in the fifth district were fewer in number and lower in liabilities in April than in April lftst year. The labor supply and demand is practically bal anced. except in agricultural lines, where the shortage of workers is less marked than in 1924. "Cotton consumption and exports con tinue larger than in 1924, and there will be no disturbingly large carry-over into the new cotton year, which begins on August Ist. .> "Prospects for this year’s tobacco crop are good. Retail trade in April ex ceeded the volume of trade in April, 1924, inn spite of the earlier Easter this year, and stocks on the shelves are compara tively low. Wholesale trade during the first four months this year exceeded trade during the saem period in 1924 in groc eries, furniture and drugs, but declined in dry goods, shoes. tand hardware. “Finally, construction work in holding up remarkably well, and the number of porjects underway and planned assure employment in the building trades and good business for building supply deal ers for some months to come.” Collectors Eager to Get Memorial Coins. An interesting question under among coin collectors is the probable money value of the Stone Mountain me morial coin on the completion of the great monument. Various anniversary and exposition coins pnt forth by the gov ernment for individual states are now held at from three to ten times their face value. The Alabhina centennial coin, less than three years old. sells, it is said, among the informed, for five dollars. The governmertt once issued five million one dollar gold pieces, and but five for they proved to be hard, to count m quan tities and easily* lost, They have long since entirely disappeared from circula tion, and are almost as scarce as blue moons. They are extremely valuable. Many circumstances unite to make the Stone Mountain coin the most valu able of its. kind in America. There is. to begin with, an overwhelming senti ment behind it; one that will bury it among the family treasures and heir looms for all time. it is estimated that ninety-five per cent, of the issue will,dis appear in this way. The remainder will be held abroad as gifts from friends or gathered up eagerly by collectors who recognize that the enormous advertise ment afforded day by day for years by the progressing work will bring a con stant demand. The crowds that visit the mountain in even the unfinished stages of the monument, would, in time, buy the entire issue. A well known southern business man discussing this subject said “If I had a young child or grandchild to provide for. and were looking for a safe investment. I would be inclined to these memorial coins. • Ten. thousand of them would host me ten - thousand dollars but in a pinch t\iey would always have an instant collateral value of five thousand dollars, f am confident that the child of ten now, coming into possession of the coins at twenty-one could sell them at the foot of Stone Mountain for fifty thousand dollars.” Radio Carries London Jazz Music to Mount of Olives. Jerusalem. June .l. —Jazz has invaded Jerusalem.“ During the visit of Lord Bal four to Palestine injeonnection with the opening of the Hebrew University, mem bers of the Balfour party heard concerts nightly as they were broadcast by the London radio station. A British wireless fan fitted up an aerial on the Mount of Olives, especially for thp Ba|four visitors, from which a line was, extended”' to the government house occupied by English officials which enabled them to enjoy the London program, part of which always consists of Jazz as played for dancing by the Vavoy orchestra. Mrs. Anna Slade, who recently cele brated her 102nd birthday at her home in Hastings, is known as the oldest liv ing Congregationalist in England. * For nearly eighty years Mrs. Slade has been a Sunday School teacher. Movie man admits be is getting only SBSO a week. We won’t see how he man ages to live on it. u " The worst brakes on your progress are self-applied. 666 • Malans, Chdto and Fever Dengue or Bilious Fever. It Ub Mm gams. fIH- ; - * JUNALUSKA SCHOOL OF MISBIONS-JULY 21-AUG. S Schedule and Faculty of 1025 Have Been Completed. • I Nashville, Tenne., June 3.—Dr. A. C. Zumbrunnen, dean has announced plans for the fifth annual session of the .Tunn lauskn School of Mjsxipps, to be held at I Lake Junaluska. N. 0„ July 21 to Au ! gust. 3, under the amspices of the Metho dist Episcopal Chuj'ch, South. Dr. Zum- I brunnen said that the schedule and fa ! oulty for 1925 had been completed and | ;t|iat he was urging missionary leaders throughout the Southern Methodist con nection to make their plans to attend. In addition to the corps of instruct ors. the School of Missions will feature a series of platform lecturers, or ad dresses. by outstanding men and women. The School of Missions will have head quarters in the Mission Building- The term will begin on July 21 and contiue 1 through August 3. Platform nddresses land evening meetings will be held in the open air auditorium on the lake front The forenoons will be devoted to class room work, the afternoons to recreation and study and the evenings to addresses bv returnee! missionaries. Bishops of teh Church and other prominent denomi national lenders. The purpose of the School of iMs sions, said Director Zumbrunnen. is to educate the constituency along mission ary lines with reference to their duty and responsiblity 'toward the cause of Minsoins and to bring missionary lead ership in the Church. It is said that the work of Junaluska School of Missions is standarized and equal in grade to that done in the best colleges and universities. Certificates of credit to a full diploma will be awarded those completing the required number of courses. The following faculty and texts are announced here: ; History of American Methodist Mis sions. Professor James Cannon 111, of Duke TTniversitv, Durham. X. C. New Days in Latin America, Miss Esther Case, of Nashville. Tenn. The Missionary . Dr. C. G. Hounshell, of Nashville. Teiin. Social Tencings of Jesus, (and Co onerative Religion. Professor J. E. Mnt thetvs. of Searritt College. Nashville Tenn. ’ Creating a Missionary Socially-Minded Church. Dr. A. C. Zumbmnne, of Nash ville. Tenn. From Over the Border, Mrs, H. E. Steele, of Nashville. Tenn. Missionary Fundamentals. Dr. Ed F. Cook, of Nashville, Tenn. The Church Serving the Community. Dr. Bolvix Harlan, of the University of Richmond- Roman Catholicism. Rev. ,T. A. Phll ’ips. missionary to Mexico. Organizations Methods for Young People. Mrs. J*. L. Cobb, of Nashvil!., Tenn.. - x Organization Methods for Children, Mrs. M. E. Tilley, of Atlanta. Ga- The general theme otf the platform gro-grnm will be “Whither Bound in Mission” and will feature sermons' and addresses by the Rev. Hiram Abiff Boaz. of the Methodist Episcopal Church. South, having supervision in the Orient; Dr. Andrew Sledd, of Emory University. Atlanta. Ga.; Dr. R. L. Calhoun, of Yale University School; J. T. Meyers and J. A- 0-. Shipley, missionaries to Japan and China; IV. H. Moore, mis sionary to Brasil,! and F. C. Woodard, missionary stationed at Warsaw. “Drive It Yourself” Business Lawful. The owner of a “Drive It Yourself’ automobile business filed a bill of com plaint. in. the circuit court of Maryland against the Commissioner of Motor Vehicles asking for an injunction to prevent interference with his business. The orator alleged that his automo biles were used under an Agreement with his patrons for a period which extended usually only four or five hours, and at the most two or three days, and that for such services a charge was made varying according to the automobile used. It was contended by the Commission er that under Motor Vehicle Laws of Maryland, providing that any person, association, or corporation having the exclusive use of any automobile under contract is the owner thereof, and re quiring the title of such vehicle to be transferred to the owner, the conduct of the business of the orator was unlawful, and an attempt to avoid the payment of fees required for registration under the statute. The Maryland Court of Appeals in af firming the decision of the lower court in entering a decree for the orator, speaking through Judge Adkias., in com menting on the definition of the term “owner” in this statute, said In Baugh man vs. Milstone, 125 Atlantic Report er, 60: , . “To hold that the Legislature meant to include in this definition a ’ person hiring an automobile for a few hours or days Would impute to it an intention to prohibit the nse of such a vehicle by any one whose possession was to continue for only such a short time, for obvious ly it would be impracticable, of at least unreasonable, to requir registration or titling by such a person. If would, of eourse, equally prohibit the business of owning automobiles for hire. “If such had been the intention of the Legislature, ft is natural to suppose thkt it would have expressly made un lawful the business of hiring motor vehicles.” , Much Distorted! Over Shortage of Cotton. Manchester, June I.—Pessimistic views on the future of the cotton in dustry in Lancashire have been express ed in various quarters here. Viscount Leverhulme recently warned the country of what 4 would happen in the event of a shortage of cotton supplies, and went so far as to say that it was possible to calculate the time when America, from hrhich most of Lancashire’s supplies were drawn, would consume ga much cotton as she could produce- This warning is now echoed by Cap tain G. 8. Burnham in a book on .“Cot ton Growing in the British Empire and Exotic Countries.” “There is a world shortage of mil lions of bales of cotton of the Ameri can varieties,” the author aayg. “This shortage and prohibitive prices con front the Lancashire industry, and that of aR other countries, with a crisis of which the gravity can only be com pared with the cotton famine brought about by the American Civil War.” kkwT I Boatmmanoatoi jatt” 1 thW THE CONCORD BAILY TRIBUNE FARMERS SHOULD RAISE MORE HORSE AND MULE COLTS The Home Breeding Situation in This Country Is Acute, Says Prof. Curtis. West Raleigh, June £. —A call to the fanners to rqise more horse and mule colts has been sounded by Professor R. Curtis, of the animal industry of the North Carolina State College of agricul ture and engineering. He adds that fanners heeding his advice would receive financial benefits. “There are many farms in the state which could be producing a pair of colts each year or more." said Professor Cur tis. “Such production," he said, “is important because there is a decrease in the number of work animals being bred and raised all over the United States. While it might cost the farmer more, to raise his own work 6toek. it eonld be dope on ah amortization plan which car ries the investment over a period of years. In this ‘way, the grower would not be required to raise and pay out in a lump sum SSOO or S6OO a pair for mules and horses but the cost would be distributed over the years, while the animals were being raised on the home farm.” Continuing. Professor Curtis declared: “The horse breeding situation in this country is acute. On January 21, 1925, the number of horses and mules on the farms were estimated at 17,589,000 and 5,4111 respectively. The decrease was 2.6 per cent, for hores and 0.6 per cent, for mules. A survey made of one of the mid-west counties shows that the supply of yearlings has decreased much below these figures and that one-half of the work stock was over ten years of age, while one-fifth was over fifteen years of work stock is far behind the needs of age. This shows that the production of the farms. i “Farms can not be operated with horses and the relation of the tractor to draft animals has now been well estab lished,” concluded Professor Curtis.. "It is known where the tractor fits in and where horses must bo used. The pres ent situation means that horses and,mules will continue to get higher in price and less plentiful.” Professor Curtis also said that this was probably a new branch of farming for many but that conditions had reached the point where it was imperative that some attention should be given to it in North Carolina.. Fine in Wife Abandonment Cas? Pah! to Wife. A seventeen year old boy, a fifteen year old girl, an elopement, a few months of domestic harmony, pregnancy, a divorce suit, and finally a prosecution for wife abandonment, was sequence of events terminating in the Criminal Court of Appeals of Oklahoma, in Post lewait vs, State, 228 Pacific Reporter. 789. The young husband was fined SSOO. which the trial court ordered paid to the wife. The law under which the prose cution was had was borrowed from the statutes of Texas, and the Court of Criminal Appeals of that state had. by, a divided opinion, declared it void as being in conflict with the Texas Con stitution prohibiting appropriation of state funfc for use of private persons, and as also denying trial by jury, and empowering courts to suspend the opera tion of n criminal statute. Judge Bessey wrote the opinion of the court, which held the Oklahoma statute valid, add in discussing the'Texas cases cited, said. "Ordinarily a statute adopted from one state by another is interpreted and given the same force and effect in the state of its adoption as it had by judicial construction in the state of its origin at the time of its adoption. But here we find that some of the provisions of the Texas Constitution pointed out in the Smythe Case and Texas cases fol lowing are not found in the Oklahoma Constitution. “The Oklahoma Constitution contains no prohibition against the use of pub lic money for individual, private use, except the provision that no public funds shall be devoted to any sect, church, or system of religion, or fcfr the use of any priest, preacher, or religious teacher, or dignitnry as such. In the absence of a constitutional restriction, the Legislature may by statute make such disposition of fines as it may deem advisable.” Roosevelts Safe at Leh, India. Simla, India. June 2 (By the Associ ated Press). —Col. Theodore and Kermit Roosevelt, heading the James Simpson Field Museum expedition to Central As:u. have arrived safely at Leh in the valley of the Indus, dispatches received here to day announced. They are proceeding to Kashgar, Eastern Turkestan. All mem bers of the party are well, the message said. LIFE fS WORTH LIVING SAYS DENTIST Who Tells How He Found Health, Strength, and Happiness READ HIS EXPERIENCE There are times in the lives of most of use when we wonder —if life is really worth the living. Sickness or continuous iH health cou pled with loss of time and heavy expense bring discouragement and sometimes de spair—but, before you give up hope, read these words of John M, Kirkland, well known Richmond dentist, and compare your troubles jvith his. “For more than 5 years, I suffered from Malarial chills and was weak and rundown in every way. I was able to work only part time and had to use near ly every cent I earned to pay doctor bills and buy medicine. About a year ago I was advised to take Burcher’s Ironux and now I am glad of the opportunity to tell what this great medicine has done for me. I never lose any time from work any m6re and I am strong and healthy and feel that life is worth liv ing—that’s what Burcher’a Ironux did for me!” No matter what your age or ailment may be, if you are weak, thin, nervous and rundown—if you stomach or liver i« off and you lack the strength and am bition to do things—Burcher’a Ironux must quickly help you or-lts use will not cost you a cent. All good druggists sell Ironux on a binding guarantee of fall aatisfaction or money gladly refunded—»nd 5 days’ use w!H prove its value. Try K today, at our risk! /o’ PARKS - BELK CO. Rugs and Druggets Bought Through the Belk System at Alexander Smith and Co. Bid Auction o ~^ 18x36 Sanolin Rug i r| _ for ... lUC Certain-teed Guard Floortex, $1.25 vajae, Sale price OQ_ running yard Certain-teed Floortex, $1.50 value, Sale Price Running QO yard __ 'L . Certain-teed Felt Base Rugs, 9x 12,.withour border dJO QE sale price 9x12 with border 01 1 QC Sale Price * 11 9xlo 1-2 with border ft f ft QE Sale Price —— VlUaaJO 7 1-2x9 with border ft'T QC Sale Price - * * 6x9 with border ftE QC Sale Price The benefit of our tremendous buying power enables us to give you better and handsomer val- \ ,ups—fop less* money. i Rugs in ail sizes—many of them match, Solid colors with bor ders—or designs to suit your rooms and your taste. We think it very much to your interest to see these wonderful values in rugs. It’s an opportunity to save and secure the Rug you like. 1 - " ' ' f ■ w /\^ a r\rl ( ii ■ lkJ ■ ■ VA/• , . Sa— * \ f 9x12 Druggets. In Tapestry, Axminsters, Velvets. These you ckn find iR this sale in a great va riety of patterns and colors. New designs. Sale price, 9xs2 — $12.95 $18,50 $22.50 m $27.50 We call your attention to this , very handsome group of Axmin sters and Velvets. Exquisite patterns. Very seletcj,and origi nal in designs and'colors. Prices away under our same quality of rugs. 9x12 Axminsters and Vel vets— s32.so $37.50 $42.50 $47.50 AND $59.50 ' That means less than manufac turer’s price. A Wonderful as sortment of all sizes Rugs in this sale. Picture Th d J 4 1925 Druggets—considered extreme- ' \ ly handsome quality, beautiful ' designs, and our prices on these ] • very handsome druggets are— < $47.50 AND $59.50 ; YOU MUST SEE THESE EARLY A real opportunity to secure about the most beautiful, and handsomest Axminsters and Wil ton Velvets you have ever seen. We are not extravagant in our claims, nor over zealous in stat ing candidly that $75 does not . and cannot buy a better. Special group of Bxlo-6 in Ax minsters and Velvets— s24.9s to $39.50 - Group of 6x9 Amminsters and Velvets— s9.9s $12.45 $14.95 tu $24.95 , r TCot 1 in a good many years have we had such extraordinary valqes in smaller Rugs— . 27x54 Tapestry and Velvets— 98c $1.98 $2.25 and $2.98 36x63 Axminsters and Velvets— f • ; , $4.95 $5.95 “ $7.95 , You may find in this great lot of Rugs the small one to match the larger ones. For the Rug Sale we are putting in Duroleum Digs, 3x6 98c at T —— You will find other Rugs and Druggets at special sale prices not advertised.
The Concord Daily Tribune (Concord, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 4, 1925, edition 1
6
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