TIGHTNESS IN MONEY.
Lcvrln, Dnpitt .Resumption ol
Rates Maintained at Recent Hiv'h
(?old Inflow.
To those who have followed con
ditions closely, the present tightness
of money is not surprising, nor would
it be strange if the coming week
were to bring even higher rates than
have thus far been witnessed. It is
not now clear just how the situation
is likely to be affected by the im
pending requirements, and efforts are
being made to prevent undue tension;
yet, with the 18 per cent instalment
on the Liberty Ix>an to be met next
Thursday and the unprecedented mid
year disbursements following a few
days afterward, the market may con
ceivably experience some significant
movements. Meanwhile, lending insti
tutions proceed with unusual caution,
and 6 per cent, which equals last
week's maximum, has been the ruling
charge on call loans, with the same
figure named on time funds where
the collateral is all industrial. The
latter class of accommodation is in
meager supply, as is natural enough
with last Saturday's bank statement
disclosing a surplus only about. ?i:{,
000,000 above the lowest point reached
since the inauguration of the Federal
Reserve system. How rapidly excess
reserves have been depleted is indi
cated by the decline of over $120,000,
000 since May 2*5. hut, with ?H4,00U,
000 gold received from Canada this
week, to-day's returns should re
flect substantial recovery.
Once more, call loans on the Stock
Exchang ranged from 4 to (5 per cent,
but the letter figure prevailed on
most occasions. The situation in time
funds was mainly nominal, with quo
tations at about to (> per cent for
.?til periods from sixty dayh to six
months on regular mixed collateral.
On industrials, the higher rate obtain
ed. Mercantile paper continues in lim
ited demand, though some attractive
names have come on the market, and
T> to r? */4 per rent are named.? Dun's
Review, 2.'lrd.
Corn and Oats.
Partly in sympathy with the action
of wheat, and also for other reasons,
the coarse trrains continued to recede
in price. Most crop advices regard
ing corn were favorable, and talk of
export limitations prompted addition
al selling. Under the pressure, the
markets broke quite sharply at times
and the July delivery in Chicago fell
to about $1.51, with September down
to $1.40 and December to below $1.05.
Liquidation in oats, induced largely
by the decline in the other cereals
and also by pood crop news, depressed
July in Chicago to 60c., September to
around 51c. and December to 53c.
Yet on occasions quotations ruled
steady in response to liberal export
sales, and on the theory, which has
been often repeated, that oats are rel
atively low in comparison with wheat
and corn. ? Dun's Review.
Oats.
Of the common grains or cereals,
oats are more certain or reliable in
the South. This statement is made
with a full knowledge that rye and
wheat stand more freezing and that
last winter a large part of the oats
in the northern half of the Cotton
Belt were winter-killed. This was
partly due to the fact that the farm
ers of that section persisted in sow
ing their oats too late, and partly be
cause last fall and winter were prob
ably the most severe on fall-cowed
oats we have had in 25 years. Early
fall-sowed oats, however, are reason
ably certain to make a fair yield ac
cording to the fertility of the soil. Be
ing the most certain grain crop for
the South, they are more largely
grown than wheat, rye or barley, and
consequently most generally sowed
for late fall, winter and early spring
grazing. If our lands were richer
probably wheat and barley would be
better for grazing, especially in the
northern half of the Cotton Belt. But
it is useless to sow oats with the hope
of obtaining much fall or winter graz
ing from them unless they are sowed
early on well prepared land. From
September 1 to October 1, according
to the location, is none too early to
secure good grazing and none too ear
ly for the best yield of grain the
next spring provided any excess of
fall growth is kept down by prazing.
Thousands of dollars worth of seed
and labor is lost every fall and much
disappointment experienced by seed
ing oats on poorly prepared land and
especially r, owing them too late in the
season.
If the oats are to be used for graz
ing only, we advise sowing not less
than three bushels per acre and pos
sibly four bushels would be more
profitable. Of course, if the crop is to
be saved for seed next spring two
or two and a half bushels may give
better results, especially on fairly
good lands. ? Progressive Farmer.
If you have plenty of dust it is not
difficult to blind the public eye.
COTTON MOVES PHENOMENALLY
Rapid Itiiw to New Record*, Then
Itrt-ak of 200 I'ointH From
Top Levrk
Noteworthy events in cotton have
been common enough of late, hut this
week's movements eclipsed anything
witnessed since the memorable shake
down at the beginning of February,
following the announcement of unre
stricted submarine warfare by Ger
many. As an illustration of the lat
e t phenomenal fluctuations, prices
registered an extreme rise of about
H>5 to 200 points during two succes
sive sessions and then, on Wednesday,
broke an average of 210 points from
the previous day's top levels. This
means that from the record figures
of 26.<I0c. for July and October, 2<i.70o.
for December and January and 27c.
for March there was a sudden slump
of fully $10 a bale, though sharp re
covery e nsued and on Friday the en
tire list went beyond the 26c. basis.
Similarly, the spot quotation, after
practically touching 27c., fell to
25.70c., and subsequently rose above
2<>VjC.
Those who insisted that 25c. did
not represent the crest of the market
were elnted when prices went 1 '^c.
to 2c. higher; yet many people had
considered the pace too rapid and talk
of reaction was heard in not a few
quarters at Liverpool, but it has
been argued that even without this
incident a sharp decline, though a less
spectacular one, was inevitable be
cause of technical conditions, if for no
other reasons. Yet the inherent
trength of the situation is emphasiz
ed by many interests and the
belief that supplies will prove inad
equate seems to be spreading, though
not everyone concur in this opinion.
Crop reports, however, do not tell
of the general and decisive improve
ment which is needed to prevent a
short yield, and the special dispatch
es to this journal do not make cheer
ful reading. ? Dun's Review.
Some Facts About Rape.
A n ider says that rape has been
recoinmcndcd by the United States
Department of Agriculture as a "mid
season forage crop for hogs," and
wants to know why he cannot use
it for July, the most difficult summer
mouth in which to supply good graz
ing for hogs.
Rape is a good grazing crop for
hogs in season; but "mid-season" or
mid-summer is not the season for
rape in the South. The Department,
for the time, forgot that the South
is in the United States or in the field
covered by its literature.
Rape may be sowed in September in
the northern half of the Cotton Holt
and farther south a little later. Or it
may be sowed in February or March,
or in the northern part of the Cotton
Belt as late as the first of April; but
when sowed as late as April 1 it us
ually has rather a short season for
growth before hot weather comes.
Rape will not do for July grazing in
the South, because it is rather n cool
weather plant. That is why it is only
suitable for fall or early spring sow
ing. It requires a very rich, moist
soil and a moderate temperature to
do its best. Unless May and June are
cool, rape usually does better when
sowed in the fall, making its best
growth during October and Novem
ber. It may also do admirably in April
and May before the weather gets too
hot, for there is usually more moist
ure at that time, but as soon as hot
weather comes it is done. ? Progres
sive Farmer.
Baptist Seaside Assembly.
The Baptist Seaside Assembly
which will be held at Harbor Island
Auditorium, Wrightsville Beach,
from June 27 to July 4, will present
a fine program. Among the speakers
are Dr. H. M. Wharton, of Balti
more; Dr. Robertson, of Louisville;
Dr. Straton and Dr. Pierce of the
North, and many others of a national
reputation. Special railroad rates
have been made and fairly good rates
may be had at the hotels and board
ing houses at Wrightsville Beach.
Education and the Library.
School instruction does not neces
sarily afford the? individual an edu
cation. It simply gives him a begin
ning and furnishes him with the
ability to become educated by using
advantageously what he has learned
in school. He may carry on his edu
cation after leaving school through
the discipline of business, through the
church, the lecture, through the read
ing of newspapers and magazines, and
by other similar experiences. None
of these agencies, however, per
haps not all combined, offer as great
advantages for carrying on educa
tion to the very end of life as those
afforded by the public library. ? G.
F. Bowcrman. i
A rolling stone gathers no moss;
but there are lots of people who
don't use moss in their business.
GEN. J. FRANKLIN BELL
Gen. J. Franklin Bell, the new com
mander of the Department of the East,
photographed in his headquarters on
Governor's island.
fall Irish Potatoes in the South.
While the early crop of Irish po
tatoes is largely grown in the South
for Northern shipping, and in some
favorable seasons is a very profitable
crop, th re is too little attention paid
to the production of the crop for
winter use in the South, and the
supply in winter conies very generally
from the North and the prices paid
>re such that a good home crop should
be a very profitable one. In fact, for
the general farmer, the production of
the late crops will generally be more
profitable than (he early shipping
crop, which should generally be left
to the regular trucking sections arid
the orgapized stations, for isolated
growers seldom succeed in making it
profitable.
But there is always a home de
mand all over the South for winter
potatoes. Then there is another rea
son for the growing of the late crop.
Our growers have been depending
too much on the North for seed pota
toes for planting the early crop, and
the prevalence of diseases in potatoe
in the North has made the planting
of the Northern stock pn uncertain
matter. It has been abundantly
proved that the late crop of the early
varieties grown in the South mal e
far better seed for the spring plant
ing than the potatoes from the North.
The Northern seed potatoes, dug ear
lier in the fall and fully mature, very
generally sprout in the cellars and
have the sprouts rubbed off. Then
when they grow it is with the clust
ers of side buds and they come up
with a number of shoots. The late
crop potatoes from the South do not
sprout in winter, and in spring grow
with the strong terminal bud, and a
potato plant from one stout stalk will
always make a better crop than the
bunch of shoots from the weakened
tuber. ? Progressive Farmer.
Crops Good In Pleasant Grove.
Mr. Claude Stephenson, of Pleas
ant Grove township, was in Clayton
Monday. Mr. Stephenson, who is a
fine farmer, himself, says that crops
are in splendid shape throughout
his entire section, though every
thing is a little late, and that the
farmers of Pleasant Grove have
planted more than the usual amount
of corn and other food and feedstuff's,
all of which promises to yield a boun
tiful harvest. The people of his town
ship are preparing for a great time
at their Township Fair, which will be
held in October. ? Clayton News, 21.
VALUABLE FARMS FOR SALE.
For sale, the Wayne Hardwood
Company's large tract of land in
Johnson County, also the Nathan To
ler 615-acre tract of land and timber.
The Wayne Hardwood Company has
about 2,000 acres of cut-over land.
On this tract of land is located all
the camp buildings; it has several
nice tracts of cleared land, including
a large tract of land known as Rcms
field, is said to be fine clay for brick.
There is a great deal of small timber
growing on this land; it is one of the
finest pastures in North Carolina; can
be cut into 100-aere tracts to suit the
purchaser.
The Nathan Toler tract of land has
a large two-story house on it, good
out buildings and three small houses;
can be cut into several small tracts.
There is several million feet of
timber on this land; about 200 acres
of open land that can be cultivated.
Balance of land good for pasture,
most of which can be cleared and can
grow timber very rapidly.
The above properties can be bought
on liberal terms, and are located in
Johnston County. If you wish to
know anything further about above
proposition, or wish to buy or sell any
real estate communicate with E. L.
Edmundson, Goldsboro, N. C.
UKlLirst-. I.N HHE.VT CONTINUES
Favorable Progress of Agriculture
and UflerinK& of New Crop Have
Depressing Effect.
It has not seemed strange to see
wheat prices tending downward most
of the time, for no other re3ult was
to be expected with agriculture mak
ing satisfactory progress and new
crip offerings coming on tho m;u
ce'.s. The latter have increased in
volume as harvesting in the South
west has proceeded under favorable
auspices, and the July delivery in
Chicago Las again fallen to the $5?
b.> is and September has dropped to
These figures represent losses
of 20c. and more from the top levels
of early June, and it would not be
..urprising if the decline were to Le
carried further, as export buyers are
not active at present and the restric
tions on speculation continue. The
next crop report of the Government
should prove decidedly interesting
and there is reason to believe that the
last estimate of 373,000,000 bushels
for winter wheat will be revised up
ward. During recent weeks, the reg
ular weather advices of the Depart
m< nt of Agriculture have made
cheerful reading, and it is now said
that the yields in some localities are
turning out better than was anticipat
ed. This simply coniirms what has
been told in dispatches from private
sources and, while there is naturally
no change of last year's production
of 481,000,000 bushels being equaled;
the final outcome promises to be con
siderably in excess of earlier expec
tations. Complaints of lack of moist
ure have come from some points in
the Northwest, but spring wheat, on
the whole, seems to be makiny rapid
headway after a late start and the
general crop situation is clearly more
reassuring. ? Dun's Review.
The North Carolina national guard
it happy over the war department's
announcement that since April 1
North Carolina has recruited a larg
er percentage outside the federal ser
vice than any other State in the un
ion. More than 1,500 men have been
taken into the service since that day
hut a trifle over two months ago.
The State wrought this record quiet
ly, the department in Raleigh turn
ing the trick with gre^t cleverness.
It is the same old trick of abundant
fighters and little trumpeting.
Prohibition is working wonders
already in this country. We fre
quently see a man carrying a bag of
flour home when he has not a drop
of likkcr in the house.' ? Charlotte
News.
When Housework Drags
Keeping house is hard enough
when well. The woman who has a
had back, blue, nervous spells, and
dizzy headaches, has a hard lot, for
the family tasks never let up.
Probably it's the result of kidney
trouble and not the much-feared
"woman's weakness." Strengthen
the kidneys with Doan's Kidney
Pills. They are as harmless as they
are effective and may be used for
children with weak kidneys, too.
A Smithfield Case.
I rirtmrm
r.tu m s+~,
Mrs. R. L. San
ders, Smithfield.
says: "I had dull
pains in my
back. I was stiff
in the morning.
I had headaches
and dizzy spells
and at times my
sight was blur
red. I bought
Doan's Kidney
Pills at Hood
Bros.' Drug Store and they reliev
ed me very mueh, putting my kid
neys in good shape. I gladly rec
ommend them."
Get Doan'i at Any Store, SOc a Box
DOAN'S K,r?LNLsv
Faster-Milburn Co., ? Buffalo, N. Y.
?0t\bur
Grocer's
Opinion
The Luzianne Guarantee:
If, after using the contents
of a can, you are not satisfied
in every respect, your gro
cer will refund your money.
He knows coffees ? has mixed them
and sold them for years. He knows
Luzianne. Ask him what he thinks
of it. Ask him what most of his
customers think of it. Luzianne will
stand or fall by this test. If the re
port is favorable, take home a can and
try it yourself. Make up a pot, ac
cording to directions. You have
nothing to lose, for the guarantee
assures your money back if you don't
like Luzianne. Buy a can today.
Ask for profit-sharing catalog.
The Reily? Taylor Company, ATew Orleans
?r ? ? 'v'MMB a
KING'S BUSINESS COLLEGE
Incorporated
Capital Stock $30,000.00
This is the Largest, Eest Equipped Business College in North
Carolina ? a positive probable fact. Bookkeeping, Shorthand,
Typewriting and English taught by experts.
We also teach Bookkeeping, Shorthand, and Penmanship by
mail.
Send for Finest Catalogue ever published in this State. It
is free. Address
KING'S BUSINESS COLLEGE
Raleigh, N. C. Or , Charlotte, N. C.
? * ? ? ? * * * * * ? * * * * * ?. ? _? ? ? ? *.
MAYBE YOU THINK
that you are hard to fit and must pay a tailor a big price to main
tain that conviction.
Don't do it.
Getting a fit in our Clothes is a certainty. Slip on the Clothes.
The mirror, or your friend, will tell you if they fit before you buy.
$ 10.00 to $17.50
will put you into as fine a Suit of Clothes as a tailor ever asked
you $25 to $50 for. No waiting; no going back for a try-on; no
obligation to pay unless you are absolutely pleased at the time.
Haberdashery and Carhartt's
Overalls and Gloves
j. f. Thompson
Pine Level, N. C.
I
THIRD ANNUAL CONVENTION
of the
BAPTIST SEASIDE ASSEMBLY
WRIGHTSVILLE BEACH, N. C.
LOW ROUND TRIP FARES
will be made for the above occasion to Wilmington from
all points in North Carolina, South Carolina, Augusta,
Ga., Norfolk, Suffolk, Boykins and Danville, Va.
Rates from Johnston County points as follows:
Benson $3.75
Kenly 4.05
Selma 3.45
Smithfield .... - 4.20
CHILDREN HALF FARE
Tickets will be sold
June 26, 27, 28 and 29 ; and July 2, 3 and 4, limited return
ing to reach original starting point until and including
midnight of July 10, 1917.
For fares, schedules, tickets and any further informa
tion, call on,
J. A. CAMPBELL, Ticket Agent,
Telephone No. 5 ? One Ring, Smithfield, N. C.
ATLANTIC COAST LINE
The Standard Railroad of the South
An institution where your.g men of
character, energy and ambition may fit
themselves for useful and honorable work
in many lines of industry which require
training and skill for success." Thorough
and practical courses are offered in Agricul
ture; Horticulture; Animal Industry; Civil,
Mechanical and Electrical Engineering
Chemistry; Dyeing and Textile Industry.
Faculty of 64 thoroughly competent
instructors. Twenty-seven build
ings. Eighteen departments. Mil
itary features. Large Library.
Excellent Athletic field. Dormi
tory Rooms for 560 students.
Many rooms already engaged for
1 next session. For catalogue, illus
1 1 trated circular and entrance blanks,
1 1 write
E. B. OWEN, Registrar.