Newspapers / Daily Herald (Roanoke Rapids, … / Sept. 14, 1933, edition 1 / Page 2
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BLALOCK ADVISES FARMERS NOT TO SELL COTTON AT LOW PRICE Purchasing Power of Cotton Is No Greater Now Thar. It Was A Year Ago; Farm Credit Administration An nounced That Seed And Crop Loan Borrowers Do Not Have To Sell Their Cot ton to Pay Off Loans Bv October 31, But Instead May Store It In Approved Warehouses. Raleigh, Sept. 14. — “The purchasing power of cotton today is no greated than it was a year ago, and the situ ation is an alarming one to me.” So said U. Benton Blalock, gen eral manager of the North Caro lina Cotton Growers Cooperative Association, before leaving early this week for Washington in the interest cf cotton producers. “The plow* up campaign”, he said, “went over in great shape and cut our prospective 10,500,000 bale crop to an estimated one of 12,400,00 bales. This move unques tionably is largely responsible for the rise of approximately 50 per cent in cotton prices as compared with last year. Princess at Fair Princess Aki, sensational Chi nese dancer, is occupying Sally Rand’s spotlight in the Cafe de la Paix at A Century of Prog ress—the Chicago World’s Fair. The storms of applause accord ed the Princess by the nightly thousands seem to indicate that the Fair’s alleged naughty spot has made another “find”. She is shown in a Hawaiian costume used in one of her dances. But we are still tar away Irom the pre-war parity of prices prom ised us by the adminisaration un der the Agricultural Adjustment Act for the reason that the things which the farmer has to buy in many instances have increased in value one hundred per cent or more. “It seems that under the read justment of prices under the Nat ional Recovery Act, agriculture has not only been unable to keep step with other industries but has been forced to lag still furth er behind in the prices for all farm commodities.” What To Do? Answering his own questions. “And what are we to do about it?” Mr. Blalock said: “The Administration’s plan for the conti’ol of production of cotton in 1934 and 1935 should be an nounced as speedily as possible, and whatever is necessary in the way of a campaign for making the plan effective should be launched at once with the producers so that the cotton consuming world would know now what to expect from next year’s crop. “Second, if the Administration stili holds trump cards in the way of inflationary measures, they should be played now and not after the cotton has passed out of the producers’ hands. Higher prices in January, March or May will be of no avail if the produc er has no cotton to sell. “Third, evei'y effort possi ble should be put forth by every agency available to pre vent u too-rapid movement into the markets of the 12, 000,000 bales and more crop of this season. And most as suredly every effort should be made to prevent surplus cotton held by government Announcement After six-years Filling Station experience in this city, I have leased, and upon its completion, operate the Service Station now being erected at Roanoke Avenue and Eleventh Streets. I will handle a full line of the well-known STANDARD Oil Co’s, products, and my personal attention and appreciation will accompany every service rendered. H. E. “Ed” Jackson JACKSON’S SERVICE STATION WATCH for OPENING DATE! agencies being dumped on the market for the next several months in competition with our 1933 cit»p.” NRA And Textiles Tointing out that under NRA activities many lines of busines: are staging a comeback, Mr. Bla lock said “it is not unreasonable to expect that the textile industrj' will again enjoy a season of pros perity, giving us greatly increas ed consumption of raw cotton.” “It strikes me,” he said, “that any program which will help to bring about the higher price levels due cotton producers should have the active support of all business interests in the South, and espec ially of the bankers, supply mer chants, and all credit agencies, governmental and otherwise. To the extent that you increase the buying power of cotton producers you have increased prosperity for the South. We still have all confidence in the Administration that it will leave no stone unturned to help bring about these promised prfe-war parity pric es, and it (is quite gratifying to note the announcement of Governor Henry Morgenthau, Jr., of the Farm Credit Ad ministration, that Southern farmers who have borrowed money from the Seed and Crop Production Loan office of the Administration will not he compelled to sell their cotton to pay off their loans when they become due on October 31, 1933. Growers by storing in approved warehouses, will be allowed to market their cotton gradually over a period of several months instead of being forced to sell a large balage dulling a comparative ly few weeks. “The announcement is also made that the growers will be al lowed to sell their seed and to draw 50 cents per hundred on lint for picking and ginning ex penses. “It will be recalled that seed loan borrowers were allowed to collateralize their loans last sea son at 9 1-2 cents per pound, and this plan has worked out very much to the advantage of the pro ducers who stored their cotton, and with comparatively little loss to the Government.” MEMBER [ Will Rogers Picks 1 I A Story For } This Spot i—-—■ ■ By WILL ROGERS DEOPLE are a lot more super r stitious than they’ll admit. You find the most sensible looking folk? picking up pins and doing a IjI of Do7r4 u)oWV^ other silly things, to keep their luck going straight. But a girl that is about to get married has got a right to be sup erstitious, I reckon, if anybody has. She’s got a lot of things to worry about. Well, this girl that I’m talking about went to a friend of hers that worked in a jewelry store, and showed him her engagement ring. “You see,” she says, “Harry got me on opal ring, because opal is my birthstone. But I’ve always heard that opals are unlucky, and I don’t know what to do. I hate to give it back to him and ask him to gei something else, and I hate to run right into a lot of hard luck.” The jeweler looked at the ring a minute. “It’s all right, girlie,” he says. “You ain’t got no cause to worry, If all the troubles you ever have are no closer to real troubles than this is to a real . opal, you _ won’1 never have anything but imitatior worries. You’re in luck.” (American News Features, Ine.> MY OWN TASTE HAS CONFIRMED THE FACT THAT CAMELS ARE BEST FOR STEADY SMOKERS .THEY ARE MILDER..THEY NEVER WEAR OUT THEIR WELCOME ! We Are Proud to “Do Our Part” And thank each and every one of our customers for their splendid co U.5. WE DO OUR PART operation. LEGGETTS OPERATE 100% NRA Our employees work only 40-hours per week and with an increase in pay, according to our NRA agreement. We thank all for the co-operation making it possible. LEGGETT’S STORE HOURS: Monday’s to Thursdays, __9 A. M. to 6 P. M. Friday’s 9 A. M. to 8 P.M.—Saturday 9 A. M. to 10 P.M. One Discovery Alone Justifies the Statement That L-K (usually called Liver Kick) is the greatest known pre scription for high blood pressure, •onstipaticn, sluggish or torpid liver. Many laxatives and purgatives will cleanse the small intestines and give temporary relief — but that is not enough. Constipation is a serious con dition and is directly responsible for more forms of ailments than ill other causes combined. You can give your lower or large intestines an internal bath and rectify the very cause of con stipation. Dr. (j. A. Roster tirelessly ex perimented for over ten years and found a combination of drugs which would reach the lower in testines without being absorbed. His unparalleled success in this experiment may now be purchas ed under the name of L-K, which is rapidly gaining the name of a miracle prescription. Put L-K to the test and you too, like thousands of others, will call it a miracle prescription. Sold by Rosemary Drug Co. 3t-9-21 (Adv.) C&tod’s Ccsliiw ](yttuco$ ucv&r c^eton ijOurlicri^S.-fHc^ert^re tj<nwlaite
Daily Herald (Roanoke Rapids, N.C.)
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Sept. 14, 1933, edition 1
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