It
4HU. AY, FEBRUARY 22, 1940
THE WAYNESVTLLE MOUNTAINEER
Page 1
In 1922 This Was The Home of C. N. Allen Co.
MILKING DUELS POPULAR
BOISE, Ida. An epidemic of
Idaho has started since Got. C. A.
Bottlofsen outshone Mayor James
Straight of Boise In a milking
contest here.
tetttf
nit
"milking: duels" between mayors
of various communities throughout
ongratulations
10 j
PRINTING IS THE INSEPARABLE
COMPANION OF ACHIEVEMENT
.11" i '
VNS
: r V " f .
" &ffias&.i
'.A
-io-
Q. N. Allen & Co.
on their
Mew Building
and their
18th Anniversary
Ve Count Them Among Our
Most Valued Customers
Southern Paper
Products Co.
LEE ALLEN, Salesman.
This small wooden building was the home of Alkn-Sikr Company from 1922 to 1925. The build
ing served as a warehouse from 1925 until last fall when it was torn down to make way for the new
and modern store. The white spot on the wall Was the wall of the llazelwood post office for a number
of years, Mr. Allen is shown standing in the doorway. The picture was made the day workmen start
ed tearing down the building. Photo by Shrrrill's Studio.
European War Proves Boomerang, Not Boom,
For Scrap Metal Dealers, As Prices Drop
By Reed Sarratt.
Charlotte News Staff Writer.
You've read a lot about Ameri
can scrap iron being shipped to
Japan to be made into bullets
which are used to kill the Chinese.
You probably sympathize with
China, and you don't like the idea
of America's being such an active
although purely commercial, part
ner to the Japanese aggression.
Well, Japan and the United States
aren't so friendly now as they once
were, even commercially. The
abrogation of the Trade Treaty of
Two Major Events
C. N. Allen's 18th Anniversary and The Formal
v Opening of Their New Building
'..;.. . '
Two Quality Products
TEXACO
KEROSENE
TEXACO
ROOFING
Both Sold By
. M. Allen & Company
Congratulations from '
C. V. Bell
Consignee of The Texas Company
Steady Comfort
- That Is What
Q. N. Allen & Company
Have In Their Store
The Steam Heating Plant Was
Installed By Us
For Heating - Plumbing or Electrical Work, See
HARRY HYATT
PHONE 431-R
1911 has made things somewhat
difficult between the two coun
tries. And Japan is finding it
hard to get American scrap.
But still the scrap iron dealers
are supplying the raw materials
for bullets, you say. The European
war has seen to that. American
scrap iron is going to England,
France, Germany, all the European
countries which either are at war
or are preparing themselves for
the eventuality of their being
drawn into It.
Prices Too Low
What you say has some truth
in it. Bu it fen't the whole truth.
American scrap iron dealers today
have their yards piled high with
scrap which they aren't selling
because the price isn't high enough.
Strange, but true.
Beginning in mid-summer, the
scrap market boomed. War looked
certain. Domestic consumers who
had been buying front hand to
mouth suddenly began to accumu
late inventories of scrap. They
were buying against a prospective
rise in price. Reserves were low,
and in July domestic purchases
of scrap set an all-time high for
any one month. Then the domestic
market settled down.
But in September the war began
in Europe. Prices skyrocketed.
The price of No. 1 heavy melting
steel for instance, was $14.75 per
ton in June. On Oct. 7 it was
quoted at $23.75 per ton. Then the
price began to level-off and then
to drop.
Neutrality Act
What had happened? In the first
place the United States Congress
passed a neutrality act which pro
hibited American ships from going
into war zones. Scrap iron is high
ly contraband. It is used directly
in manufacturing munitions. If
foreign purchasers wanted scrap
iron from this country, they would
have to send for it with their own
ships or with some ships not
American.
Take the case of England. Late
in November England came into
the market with an order for 600,-
000 tons of American scrap. In ad
dition, 250,000 tons remained to be
shipped to England on old orders.
England had to provide the ships
in which the scrap was to be
shipped.
Submarine Threat
But there aren't enough ships.
Naturally any ship loaded with
scrap iron designated for England
becomes a target for German sub
marines and warshipa. The risk is
great. The cargo cannot be in
sured. The cost of shipping is more
than the cost of the metal. Pew
shippers are willing to take the
rfck, although the reward for a
successful trip is great.
The result of this situation has
been a backing-up of scrap iron.
The ports are stacked with it, but
there are no boats in which to ship
it. So long ae present orders can't
be shipped, it is useless to trans
port any more scrap to ports" for
shipment.
Holding Stocks
With so much more scrap avail
able for shipment than can be
shipped, the : price has dropped.
Dealers have begun to hold their
scrap, waiting for the rise in price
which will come when adequate
transportation is provided. So their
scrap piles grow.
American scrap iron has been
used to make bullets and other
arm and ammunition, but not to
much of it is being used for that
purpose now as would be the case
if export conditions were normal.
The dealers in war material
have their troubles even in time
of War.
Fort Bragg, near Fayetleville,
is the largest artillery reservation
in the world.
The Post Office Department an
nounced that postal revenues in
1939 were the greatest on record.
They totaled $753,367,444, a $25,
035,805 increase over 1938.
Congratulations To
C. N. Allen and Company
On Their Expansion And 18th Anniversary
For many years the firm has used
printing that satisfied, because
it was done by
THE MOUNTAINEER
BETTER I'RISTING"
Phone 137
Main Street
In Our New and Modern
GRADE A MARKET
We Feature
PET PRODUCTS
Sweet Milk
Buttermilk
Cream Buttermilk
Cheese Spread
Eggs
Coffee Cream
AVhipping Cream
Butter
Cottage Cheese
Chocolate Milk
C. N. Allen & Company
llazelwood
Two Outstanding Records
18 Years of Continuous Business and During
That Time All Delivery Trucks
Have Been
FORDS
(Two Now In Use)
A Successful Business Requires That True
Value Be Received For Every Dollar Spent For
Transportation That Is Why FORDS Have
Been Used Exclusively By
C. N. Allen & Company
Solve Your Trucking Problems With
FORDS
ABEL'S GARAGE
Sales-Service
PHONE 52
ASHEVTIXE ROAD