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TRADE IS STEADY
With average weekly earnings at I
an all-time high and employment
holding steady, there is nothing in
today's economh picture to indicate!
. any prospect of' downward ;
and a recession, according to _
Clague, Director of" the Bureau of
So far, he stated at a press con-|
ference in releasing his'monthly
ployment review, such fluttuatL?.
as have been evident in employment
here and there are <jnly reflections
of normal 'seasonal conditions.
Preliminary figures show average!
weekly earnings in the manufactor-|
ipg industries for May reached
848.86, an all-time high, topping even
Despite one or two sdft spots, inl
the construction and textile indus
tries, Mr. Clague sees no signs of any!
basic weakness in the economic pic
ture at present, although he admit
ted that no on,e - can safely predict
what may happen before the end ofl
the year. .
- The Construction picture so far!
this year, while behind previous ex
pectations, is brighter than it Ap
peared last month.'due to"new in-|
formation which revised the figures
Mr. Clague reported that 69,000|
new housing units were started
May, higher than anticipated __
above any previous postwar mark.
-Although bidding,has leveled out
sooner, than expected. "1947 will stilll
be one of the best construction years I
in our history," he predicted. J
In all fields of employment with!
the exception of construction, these
charts showed almo.it identical em
ployment levels with those of 1939J
except that thbse of today are along
a higher plateau "with plenty
strength," as Mr. Clague pot it.
In terms of prewar dollars, <
struction at the present time
about 17,000,000,000. On this
the country is still far below
building boom of the* ZO'a when
three yeark the peak construction
over $10,000,000,OOOin terms of'pre
Mr. Clague said that the cost
the first time in May, but that la
building materials turned down
costs are still rising. Labor
however, have not risen as
am material prices, he said.
Mr. Clague emphasised that
weekly'earnings of $48.86 in
is "extremely preliminary" but
it would remain above $48 when
figures are computed. The
record was $47.60 for a
week, the new earning figures ,
for an average week of 40.4-hours.
The total number of employees
nenagricultural industry rose 800/
in May to 41,983,000.. He said
the seasonal rises in construction,
mining, trade and services acco
for the increased employment.
BANKS ACT TO PREVENT
POSTWAR FARM DISASTER
Can Fanner Jones, U. S. A., be
saved from the disastrous coose
of an excessive land price
Like everything else, during
cent yean, farm incomes have been
rising and farm land prices have
leaked with them. v\, ,,
- Fanner Jones' income in 1946 has
been estimated at *24,761,000,000.
' . Evan more impressive is the federal
report that Income in the first half
of 1947 was 3* per ofnt more than
the 1946 rats. These reeocd receipts
hem. a number efers sources,
could buy Farmer Jones'
The Government paid I
ley in "incentive pa,
1. Discourage all
the mortgaging of
presently owned farms for the pur
pose of buying additional land.
4. Encourage farmers to pay their
existing mortgage debts.
5. Urge farmers to buQd up finan
cial reserves through' ownership of
Treasury bonds and savings deposits
in banks. 4 >
6. Help their farmer custolners
keep in a sound financial position.
7. Keep in mind constantly that
the sound value of farm land depends
upon the capacity of the farms to
produce a profitable Income over a
period of yean.
Farm mortgage loans have not
increased disproportionately in rela
tion to time deposits, according to
Mr. Bailey, -however, warned the
Washington conference that:
"There are now pending before the
Congress legislative proposals which,
it enacted into law; could further ac
centuate the inflationary trend of
farpi land prices ..." (These pro
posals would permanently raise the
limit on Land Bank mortgage#- ftout
G5 to 75 per cent of appraised value.
The 75 per cent limit has been In ef
fect ss an emergency measure.)
? Another aspect of the farm loan
situation?too easy credit?was dis
cussed recently by A. G. Brown, Di
rector "of the ABA's Agricultural
Commission and formerly President
of the Federal Land Bank at Louis
According to,Mr. Brown, Farmer
Jones was able, during the depres
sion, to borrow money directly or in
directly guaranteed by the U. S.
Government. But, wrote Mr?Brcwn,
although the emergency ended, the
emergency agency lingered on.
TOTAL STATE In ALL ITS
(Industrial News Review)
It will be interesting fa see just
how American Communists, Com
munist1-sympathisers, and. fellow-tra
velera go < about squaring the present
policy, of the Soviet Unicoi with the
old propaganda to the effect that
their particular "brand of dictatorship
offers the sole hope for bettering the
-let of the "common mah."
When,- some tyne ago, the Soviet
Union refused to join fa the Mar
shall Plan for the rehabilitation of
Europe, it divided the world into two
opposing camps. It made united ef
fort for putting hungry and destitute
peoples on their feet, impossible. It
decreed, in effect, that the citizens
of the small nations suth as Czecho
slovakia must divorce themselves
from all hope of American sssi stance
en pain of "displeasing" Moscow-?
and thereby invitfag the kfad of ter
rorism that subdued Hungary.
- The peoples of these unhappy
countries were not, of course, given
the opportunity to express their own
wishes in the matter. Ifis only in
"degenerate" capitalist nations that
the ordinary citizen has <? free bal
lot, free speech and a free press.
Only under the obsolete and ridiea
loug-^democratic system can a is
work or not wink as he pleases,
start a business, speak his mini, and
go about his affairs wjthout dread
of secret police and drumhead courts
and concentration camps and slave
labor. Only where the lugh-Hr in
stitution of free enterprise exists do
the people control their government
??u*l choose their officials all~tfc
way from town marshal to the head
of the nation.
Communism feeds upon despair,
starvation, term. The Soviet high
command has decided that these jhall
be its gifts to every nation which
it can influence and dominate. It is
?faWing one of the most brutal sys
as of slavery fa the history of the
rid. Here is the total-state, fa all
Jarris Holloriian,M, Walstmi
33 of his 89 acres of corn
above an average crop. He baa used
hepvy fertilisation and close spacing
to product more corn. Mr. Holloman
has Taeven-acre field of which he is
especially proud. This field w
fertilised with 160 pounds ?f 4-10-6
at planting and has befe topdressed
with 200 pounds of 10-0-10 and 300
pounds of t nitrate of soda. It is
planted in 8*% foot rows and is spac
ed 22 Inches in the row. *
Mr. Holloman hopes to average
more than "60 bushels on his entire
crop The seven-acre field will make
more than 76 bushels.
Mayo FactoryTops .
July Building Panda
Building permits in the month of
July amounted to $82,080, the larg
est of which w?s the 125,000-permit
to the Florence-Mayo Nuway com
pany for its xm^r fkctory sad office
on Belcher street.
' Permit* are ?u> follows: James W.
Taylor,' repairs to residence, $80;
Florence-Mayo Noway . company,
factory, and office, $26,600; fidward
T. Mosingo, residence, $2,606; K.
Cannon, repairs and' alterations
to residence, $1,260; J. L. WilkersoeiT
fruit and vegetable stand, $260; Han
nah U Barrett, $1,000.
. - .. .
FARMERS ARE WARNED
TO CONTINUE FIGHT
AGAINST .BOLL WEEVIL
North Carolina farmers should,
strengthen their efforts in control
ling the. holf wetfril, says James T.
Conner, Jr., Extension Entomologist
ot State College, because cotton is
now coming into lis most defenseless
stage tp the attack of the pest."
"The critical time for boll weevil
damafee comes when 'the pests begin
migration," the specialist, said. This
usually'occurs during the late fruit
ing season, and it is at this time
when the boll weevils begin- moving
from one field to another, he added.
When fruiting of the plant is a
bout complete the weevils begin da
maging the bolis by feeding upon
them and laying eggs in them.
Actually there are enough squares
and bolls on cbtton in mogt fields to
produce good, yields, Mr. Connor de
clared, but unless the farmer uses
strict control measures from now un
til the migration period for the boll
weevil is over, the yield will be
greatly reduced. 7
The supplies of calcium arsenate
continue to be rather short, he stat
ed, but there are still several firms
throughout -the which have
some qp hand. If you experience dif
ficulty in finding-the material, Mr.
Conner suggests that you. get in
touch with him and he will inform
you where you wilf be able to buy
In the absence of calcium arsen
ate, some fhrmerq are having favor
able results with the use of chlori
nated campHene, and benzene hexa
chloride. Either of "these mats rials
costs from tworthirds to twice as
much as* the arsenate, lie said, there-'
fore farmers should use them judi
Plants can be dusted either by
ground equipment or airplanes and
the plants do not have tit be wet
When the dusting is dene, however,
the air should be eaim.
If a field has high infestation, it
is best to dust now before migra
tion begins.. After migration, the
field will probably require three or
tdSr dustings' at five- or six-day in
tervals. ? "tss-t-i .
Is there anyone who doesn't
mistakes?either largo or small -
during a typical day's activities?
For example, a busy man forgets his.
pen, or /tums to the wrong page in
a directory, or gets a name wrong,
or loses ? dime down a grating, or
roealWa date incorrectly, or lingers
too long over a
or guesses Ms b<wk bafcuuw too high,
i|- ify 'fev ? - ~A. ;
-??? ^-MAl|p)tMMO^KK stf?s3%S4^
MliM ? idBHwirtiwJi
arfous cities. Last
?at HI Santa
text Thursday the show
teard, over American' Broadcast
Company's stations from 8:30
i:30 in the evening, originating in
Santa Ft, N. M. The first bboad
ast of 1947 was in-Asherille which
taid honor 'to its adopted son and
da mother by entertaining them erf- 1
ensively at lunchecos and dinner
Blue-eyed Mrs. Denny, who is the
orroer Carrie ~?ich Cobb of Old
Sparta in Edgeeotqbe county, is busy
nost of the year with 20 'to 26 po
ols whom she teaches in her all-day
rindergarten, "Ifilgemarva," 74
Arlington Street, Aaheyille. "Milge
narva," she laughingly explains, is
i coined name which is composed of
?art? of her three grandchildren's
tames. ? " ' S:
Since 1924 she has . been teaching
riusic and dancing in either the pub
ic schools, to private pupil* or in
he kindergarten." For the past 16
rears she has combined these two
irts into the kindergarten wort'
For several summers Mrs. Denny
iccompanied her son on fcia tours.
)nce while attending a banquet dor
ng Frontier Week at Cheyenne,
Vyo., she met Gene Autry whom she
lescribed as * m ..'est sort of pdrson.
tfter shaking hartfa with, lpm, she
?epeated the procedure, the second
ime for the children. ~ ?
One of her favorite activities be*
'ore the war was attending the Del
thian dub's biweekly meetings
study . of
vhich are devoted to the
Irama,' public speaking^ music and
ither arts. The motto of this so
ciety, "ftot whit .we have, but What
ve share. When <*asmg to share,
cease .to havev is one that both
ve cease .to haver is one ti^t
nother and son are endeavoring to
- - i
I expect iny friends to tell me about
heir conquests and good fortune.
Sat once is enough; repetition bonis
ne or makesme envious, and further
none I like to boast, too.
.atTy' >' >j "3.
FARM LOANS ?"
J. W. JOYNER
The Prudential Insurance Co.*
* ' - of America
PARMVILLE, N. C
The Home of Better Entertainment
i ' ?*? _ PROGRAM ? ?
WEEK OF AUG. M, 1*47
?*& a Eddie Dean th ??
also Chap. 6 "Son of Zorro" and
SPreel Gbmedy '<;H ^ . -
Yes, Ladies and Gentlemen,- this
'/ is the year'tor
i? THE YEARLING
~and truly a remarkable.motion
picture Sot all the family,
starring Gregory fock, Jane Wy
man with Claude" Jarman, Jr.
Jhimo Latest News Events .
. ? ? 1
ban. a variety of
in apple and
aid soft drinks, were
Daring the evening,
?f square dancing, tod by Mr.
frs. Herman Baker, were enjoyed.
'urni-shed by Mr. Levi Owens and
lis string band.
Special guests enjoying the hoapi
ality of the hosts were Mr. and
frs. Baker, Miss Flora Gilbert and
dr. Vance Sawmy of SmithfieJd,
diss Betty, Jo Brown of Hone Cave,
Ly., Mr. and Mrs. J. M. Whrieas,'
Fr., and Miss Barbara. Jean.,w *
lira. Jonfs: "I got your totter yes
eiday but I wa? surprised to see
hat it waa dated not week." *
Mrs. Smith: "ReallyT My husband
nust have mailed ittheday I gave
t to hjm."
1 ?- 11 1 -gg
Mr. Edwards Joyner 398-1
, PHONE 302-1
Next to Norfolk-Southern Depot F&mviBe, N. C.
-1 - - - r. l ; l- ? V
DJR. KENNB7TH L. QUIGGINS ' -
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FARMVILLE, N. t
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