BUSINESS SHOWS
DEFINITE TREND
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Aa atri, TTi link 11 to—riig to
totowkrito aathrtty la n4«i nj.
aMXmatorUtonriitatkw
fining a* la ttafle. afctoangfc tha
to «tt nry la» Jo^ata^la tba
a* lMl'aad w’*>“
On* r—H *f tto naiwtot batter
car i
la aa
wan
iter
tier
tea to pact
*» reaiaitAlj vd. The eoaatry’i
*®te u» *mIU| at a rate net far
Aon of eighty per cant of capacity
aad the trade tapotta afldad erdeie
era backed ta 'nun the Maintenance
of apprezlautaly Ate acala of acii
»ity iato Ac dot q starter of next
year. Pig price*, aleag with thee* of
end. are atm tending lower, bat thte
te Merely a aataral aegaai te the ab
■•naal teaaUiy riteaUcri pmlaatl by
A* (trike*. Price* of datebad (tael
Acw little change. Thte b dne largely
te A bare aapplted
a dteporitlaa to watch
ia Aa indaatry. Their fading
eatlyte that price* say ge
Maad aataraQy b Ugfct ia Aa
tiaM.
_ ddiartlh rntpot alao ia Ugh.
tented *at ia October. Thte ia abaat
M*JO*0 leas thaa Aagu* high raconb
bat rwpcaaaute a reoerery of g0,t90
*•*■ tea Aa September dew down
Ate ***** ***** ter
tendMM ™dIL*** *U>*<1 *°
ta A
tm
FLUCTUATIONS IN
COTTON NARROW
Clow of W«k At N*w Oriwma
sfcow Not GtiM or n
To S3 Point*
Now Olka, Not. 2*.—FTuctoa
tiw* ia cotton were enmawlul nnr>
raw thk week, the cettoaaa range
>f price* being M to 10# point*. Low
•A lerel* were reached in the early
•eaiai wWb tbt tniinff oosltiont
17 to 62 points andsr tho tloss
>1 the preceding week; Mgheet prieei
wae on the cleoing eeeeliwi when they
were II to H point* rrar. Last pri
ces were at net gates on the week
of IT to *1 point*. December traded
down to 24.17, rose to 21.16 and
eiaead at tlil cent* a pound. In the
spot department middling gain IT
Point* In the new reeolt, doting at
«e.u against 1YJ6 tor this weak last
year.
The early part of the week law
mcrm or leas liquidation on long ac
count, which accounted for tho mod
oreta depreoaiona which occurred. Af
ter the iasnanca of the t<""l"g stat
Utice by tbs Census Bureau, counting
the output to the 14th of November
et only 8,868347 bales, the market
had- a batter tone and there was a re
vival of small crop talk, private esti
mates that were Issued ranging from
9,400,000 to 9,600,900 bales.
Full away of bullish Ideas wea hard
ly possible, eves with the improve
ment in the spot situation, until after
On* December notices These, how
ever, proved wneDer thou expected,
amounting to only 600 bales on lbs
flmt day end 1,000 on tbs second.
Considerable liquidation of the float
000 bales.
Wheat Ctvoe Way
Wheat, after early firm uses, gave
way moderately, partly In response
to apprehensions last an awbc ear
ritaatfon may have an unfavorable
effect on prices.
It is realised that inability to move
grain has been delaying marketing
and that more cars are likely to ——
more grain et the central markets
with corresponding declines in prioea.
Foreign buying, meanwhile, con
tinues light end its future Is, la view
of the fluctuations in the foreign ex
changes, uncertain. Nevertheless, pre
sent prices are still materially above
those of tho early fall and com at
around 10 cents a bushel is approxl
ssataly fifty per cent above the price
of a year ago.
Banking reports confirm those
from industrial sources end point to
the conclusion that tbs peak of eaa
eonal demand has been passed.
Ing long interest that remained in
December was done following the ap
paaraDce of tender*, although spot
with bullish conviction* made known
their intention* of taking cars of ev
erything tendered against December.
After first notices were out of the
wnjr the market noticeably sms more
easily affected by baying orders.
Twfs hi the week tlio trade com
menced to pay a great dsal of atten
tion to ginaiag news, mainly because
the present period will end Thursday
rrsaing of this coming week. Im
portunes was given to finning com
ment because of advertisements ap
pearing in many newspapers In the
bolt announcing that gins would from
now on run only one or tiro days a
weak.
This coining week iho ginning sit
uation srll! be given more notice, es
tdy ifi ;N» 'a'.ter ijprt when rc
p i.c.c bot.-us .nro likely.
* •-*. !■ • t 3'.e«tr3 la be that
^ reilatr.s raprt remain small
T- t? if a srjjooct to value* and
" l-s.l eoncthing to do with
K*;hei- trend of price* toward the
1 of ti c week Jar; finished.
See that the honecs for your llvo
•tock. see in good lepalr for the win
ter. They need comfortable, sanitary
quarters and win say yon well for
the little time and expense.
I
This year, In an actual teat, cotton
not chopped .but loft Just as tt cam*
up, is making just about twice aa
much as chopped cotton right along
side. It is a proved fact that we are
losing, on an average, from 100 to
200 pounds per sere of seed cotton
alt over the Cotton Bolt became we
•pace our cotton entirely too far
apart. Under ordinary field condition*
cotton melt be chopped through or
i__
blocked, in order to get the grace
out; but the aim should be to get
the giau cud leave all the cotton we
can. In practice, I find it beat to leave
■ ■■ ' '■! _ .
two to five stalks In • pises, with
these hunches of cotton sight to tan
Inches apart, in three foot rows.—TT.a
Progressive Farmer.
>_» s a.sas^—smsa—s—
Condensed statement of The First National Bank,
Dtmn, N. C. at the close of bniiimss November 6th.
1922.
RESOURCES
Loans and Discounts_8610,766.89
li. S. and Other Bonds_ 41,950.00
Stock; Federal Reserve Bank_ 2,100.00
Banking House and Fixtures_ 58,829.76
5 per cent Redemption Fund___ 2,000.00
Cash on hand and in other k*~lr*_ 284,006.71
8994,154.86
LIABILITIES
Capital Stock-8 60,000.00
8urplus and Undivided Profits___j_ 82,698.26
War Finance Corporation_ 49,822.72
Doferred Credits; Federal Reserve_ 88,570.46
Circulation___ 40,000.00
Rediscount; Federal Reserve Bank_ 77,487.98
DEPOSITS- 710,725.50
8994,154.86
OFFICERS
P. S. Cooper, President—J. W. Draughon, Vlco-Pres.
H. B. Taylor, Cashier
DIRECTORS
J. W. Draughon, Marvin Wade, John A. McKay, J. L.
Wade, Thus. E. Cooper, Ellis Goldstein, P. S. Cooper.
— ■ i ii i ■iitcsr-im i—————
The Season
for Stoves
is Here
You will find the largest and most complete line of—
Stoves
Heaters
Cook Stoves
and Ranges
ever brought to Dunn in our store.
Furniture for every room in the house. Prices always
right.
Butler Brothers
Dunn, N. C. Varina, N. C.
Fleishman Property
i i — Located On Ellis Avenue and Orange Street ===== I
4 ► * J I
iDunn, North Carolina
' i | • *
I — Subdivided into Lots and will be Sold ="'"■ u
AUCTION!
, DECEMBER 4, 10:30 a. m. j
: BAND CONCERT! FREE PRIZES! j
BROTHERS
Raleigh, North Carolina I
...Willi....—J