Newspapers / Wilmington Morning Star (Wilmington, … / Feb. 15, 1921, edition 1 / Page 9
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. ( THE MORNING STAR, WILMINGTON, N. C, TUESDAY, FEBRUARY-15, 1921. NINE BANKER'S VIEW OF ACT g ' -rBjr BILLY DE BECK 10 ALLOW 8 PER GENT v . Hunt Says It Would Stop Flow of Money Out of North Carolina i Special to The Star) .rr-vnFUSON. Feb. 14. In an inter Vitli AV. A. Hunt regarding the V1W t interest 'rate, he said 'that nef 1 1,1 rpnuest on the legislature was be- mde as an economic necessity to trt interest law of supply and 0,Ln.i and that there is no effort, ba. I ' 'r " " ' '- ' " -' ri mi hi nun i- i III i nun 1 1 i mm ' - - - , . - - - u.'. . ..- ' " v . - V ",":.... ' ; ' "" " '"" ' -- - - ' i - - . .. ...rrr ..-- ? .. . . .,. . :- 1 cowman, isai, t ,m rTuis td.cat. ,wc, ( z-p. - . . 11 ... . ' . nl . AQPIRIM . If1" ' , " a i ' M the i(ral rate from 6 per cent out to g ppr Cent by contract oniy. This will. Mr. Hunt states, prevent , ,aid drawing o money from North into other states which pay (-arolina and more, there being S8 t per cent h have an per cent, or states law. Contir.nlng he said a prominent state Saturday declared that' In his! ftf' ;,.in?nt he believed that 100 rttori dollars was a low estimate' for n,UiS&iount that has goh froni NOrth l.anks to other states for the ,-ornlina . . u r- t in the past 12 months, and m,irh more had gone out from individuals, causing a "Lviition which is affecting adversely 1 . busings and manufacturing inter a tiip state and seriously handl- n'nine the farmer and small business (aP)'lh -ttHtH Whlr.lt A man their business. air. Jiunt 1 .Kit it seemed -that .North Card j pi y' nuUl he put on a parity With all i'ninintr states, each of which pays "'J . i .. on1 la Aatr tolr S npr cent " in ' lc mnnev out of the State, tro ritpd the statements of Bank Ex. . 'ir John Mitchell at the hflaring In j,aleigh Friday and of such prominent ...,, Gastonia; Vr. S. Blakeney Mon- 'ror c. Tt. Taylor, Wilmlneton. and ntliprf who gave definite instance to ha ViniiFe committee. He also called ..tonfioii to the statement of repre. ntatlves of insurance companies who crater! that a number . of - Insurance companies had discontinued loaning money i" North Carolina because of the .lfmand in other etates with a higher wal rate. This representative men tinned a half dozen such companies that hiiU withdrawn from the state and a telegram was read from the Life Insurance company of Virginia that it had made no loans in the state . since last spring:, but could resume placing monev here if the per cent rate could i? legalized, the same as South Card 'ina. and Georgia. Mr. Hunt further stated that the ftislature had itself Just authorized a ix-and-a-quarter rate for over four million dollars, which In itself Was convincing evidence ot tne need Or a contract rate, adding' that when money i? more plentiful the lower rate will jirevail as in the past and according to 'lie law of supply and demand. WHEAT GROWERS WILL LEAVE OFF MIDDLEMAN Plan to Market Their Own Grain and Export It t ('EllfAGO. Feb. 14. A co-operative plan tor the selling of Wheat was adopted Saturday by. ; the." board of-the National Assoelationof-Wlraat (Jrowers. Members of the board said the plan would mean the saving of ap proximately 55 cents a bushel through elimination of the middle man's profits, The prowers plan to establish cen :ral receiving stations in-each state where the farmers may send their wheat and obtain a receipt for it. From these .elevators the wheat will be sold tirect to the millers. Stations for re living wheat also will be established at all large sea ports to handle export iraup, it was announced. ' Tim farmers get $1.40 a bushel for their wheat which costs from $2.60 'to J2.T5 to raise," said W. C. McGreevy, oi uichita, Kansas, secretary of the association. "If something is not done: at onc, to relieve- the nitnatibn. ,th farmers will be forced to-stpp raising! wheat. "By our new plan, we will' dispense un at least two middlemen in the nanuiitiK of the grain, and In some in- Mdnces a third and a fourth. A THREE DAY-S COUGH IS YOUR DANGER SIGNAL chronic Coughs and Persistent Colds Lead to Serious Lung Trouble. YOU Can StOD Them INOW With CreOmUlsion, an coffee, where ther is also a trouble pmi .fi . - . ,i. . . gome surplus waiting to be. taken care emulsified Creosote That is fma0Br,t would hot be aurprising if Pleasant to Take. A New Medical Discovery With Twofold Action. Soothes and Heals the Inflamed iftofal&ES&SnS and Kills ffm flunrm TCnrlnraml I r rj. . . A, y Highest Authorities. Mnnav Te j-j v i -i -illiTi cy xvciiuiaea u Any WJUgn Or Tftlrl "M lifoifAf nf XJrtxio I T r, - " 1 "g Standing, is Not Re- Heved After Taking Accord- ing to Directions. . , FINE FOR BUILDING UP THE SYSTEM AFTER COLDS OR THE FLU. ur all known drue-s. Creosote is ree- snized by tha madlea.1 fraternltv as th STTeatrsr henlino. atranftv tnf i atment of chronic coughs and cold "a other forms of throat 4,fld lung "uu'es. creomulsion contains, in ad : ? to' creosote, other healing ole "lts which soothe and heal the in "mea membrane and stbo the irrita. 'n and inflammation .while the creo- 8te goes fin tn ' amman la Ah- ofrvd lnt0 the blo. attacks tho seat tfaat lead to consumption. . ' creomulsion is , guaranteed satisfac i un ireaiment o: enronic cougns ."'Al.ttrojj hiHM.. u'me' ana exce.icni. r ,m th. -tT-:.7w. .i th. u V? tn ytem after colds or e nil. Week v K nw a n,,rnnt .. ArAUFMY " - - name Dajei uu mpjiuidc i By STUART K WEST . ibe (Special Corresnondenf at Th n. Copyright 1921.) NEW. YOrtTC. TiVK 1A11 happened last week fitted in with the view that. tb. Passing through the familiar rest- in& spell which follows- a , vio lent upheaval like thaf : n autumn. Business conditions are va riable; In some lines, like woolen and cotton goods, a decided recovery Is un der way, in other lines, notably iron and steel, prices still are falling and pr9duction, along with new orders, is on the decline. This unevenness. however: U nH normal under circumstances like the present and has been forecasted very generally ever since the first of the year. The earliest date 'which has even been set for a new forward movement to begin is some time lh thA inHmr Meantime, readjustment, while it has been completed in most quarters, has not oeen finished In all. Street In Waiting Meod. xn wail street market, reflecting the trade position outside, is also in a waiting mood. Trading has" sunk to a minimum and nrlces have Wn swinging back and fdrth in an ex tremely narrow ransre. It is precisely tne sort of market which was wit nessed in the early part of 1914 follow ing the so-called "rich man's panic,' and the more or . less acute trade de pression of the preceding year. Like wise, it is very much like the market which we had' for a few months fol lowing the" crisis of 1907. It is a mar ket which is hot responsive to devel opment, either favorable or adverse. Still, it is of more consequence that bad news has ceased to count, than that good news has not yet began to count. The performance of the oil shares in the face of the eutting of crude oil prices all the way from 25 to '50 per cent, has certainly been re- "arkabie At no time during this pnce-cueiing ctuniaigji jihto incoe stocks been weak and they even had. during the recent trading, their mo ments of very decided strength. The same is true of the steels. Open war has been declared between the inde pendents, and thu. steel. corpoation. Some of the former companies have re duced prices sharply in an effort to stimulate business. It is certain that they can make no money and will probably lose at these price levels. Yet the steel stocks gained ground onthe I week. t . ' Foreign Exchange Recovery Renewal of the recovery In the for eign exchanges may be set down first of all to the improvement m inter national trade from the standpoint of most of these countries. Following the estimate Of a $1,000,000,000 credjt for Oreat Britain last year, taking, the invisible as well as the visible itttrt? mtn account; the January figures showed British exports : and imports vn closer i tosrether than for.. - any -month of 1821. In -part, too, tne,iresn nnvarii turn- in exch&nsre rates. s a reflection of confidence in the settle ment of th German reparations Itfesj tion, and still-again it is influenced, by the prospect of easier money o this slde.' " . But there 'is undoubtedly an increas ing connection Dgtween tne recov- rr in sterling, francs and lire and the ninn tinner wav ior nnanoiug American export trade. The - $4O,0Q0,- ftftn not issue bv the Copper Export association isUhe first great-step aiopg this line. There is'no aovrot or. Tne success of this Operation. The 8: per cent rat is attractively, hign ana xne sreurltv of - 400.09,WO . pounus oi cop rer metal valued at 10 cents a pound is unquestionable simpiy oecacse no commodity can for long stay below cost of production and 10 cents for rnnner is Way bIOW COST, wnon m copper financing is out of the way a other commodities - such as cotton, to bacco and perhaps sugar were taken in hand the same way. All this will lead up to and awaken a more generar public Interest in the great $100,000, OOO loreign nuance cor- nnn to h used for long term credits to buyers of American goods. The banks and investing public have responded do-aii ',to the copper note offering whicn. a wav. is a unique experiment in 7 na.nc. They should be aii,r rAsnonsive to the offer of se curities by me new iuim,u flnaticlng company because the loans of this concern win -De suieu uj tv.at must receiver the approval of the federal reserve ooara therefore" b of the highest investment , a . Mi ran. ' ' . v iiie .'I-' Vt- 0.-o- exoot trade. The second r-rlpt is the relief they will afford v, .rid!t situation at .home. cltnatlM . is iveueycB . M m., ai& ; for instaiice.; of the $40, OOO.vOO copper notes 1.- 0. - y - 1AUI taKen OIL mc . t thA change of so f from m temporary form. where its helps' along Inflation, to a o& permanent- form where it ceases S?e I strains upon bank resources. While this copper y 1 Vi financing that may . follow Is iof tht first importance for lorIgn corAmeroe and Hot the banking positions in this S5ntr?- it is also bound to b a prom f. r?1!:- m domestic business re- lneni . t,. -nghVen overhahglng,disr . couraging fresh wmu- fr.au buvins: because oi m i?"V iVilf lower prices. With the assurance tnat thlM surplus It, Hot to Pressed for sals ht WM, v,.i, over a period of from ATI A tO frtllr years, giving plenty, of time for its sale abroad, the whole outlook In the copper trade is changed and So it will be in every other industry which tries the same experiment. BUILDING GEN. SHERMAN SPARfeD IS. DESTROYED Masonic Structure Iri Sariders ville, Gai, Total Loss SANDERSVDXE, Ga., Feb. 14. Sahdersville, located just 12 miles from the scene of. the disastrous tornado Which Thursday laid waste the towns of Oconee .and the Gardner mill dis trict, was visited by a Are yesterday, when the brick Masonic building and four wooden structures Were destroyed, entailing a, loss of approximately $60, 000. The Masonic building is reported to have been the oldest structure of its kind in Georgia, having been built in 1858. It was a landmark and had much history attached to it. When Sherman made his marcn td the sea in 1864 his soldiers broke into the build ing and looted it, it is said. But when Sherman arrived on the scene he was requested by older Masons to spare the building, and being a member of the order he granted their petitl6n. While the actual loss is estimated at $60,000, there were over 7,000 books) in the Masonic building, many of them being very old and considered price less. The loss is partially covered by insurance. When the fire was at its height arrangements were made to re move a nurhber of those injured in Thursday's tornado frOm a nearby hospital, but the flames were checked in time. . "DAN DERI NE" Girls! Save Your Hair! Make it Abundant! 1 Immediately ' after a . "Danderine" massage, your hair takes on new life, lustre and wondrous beauty, appearing twloe as heavy and plentiful, because each hair seems to fluff and thicken. Don't let your hair stay lifeless, color less, plain or scraggly. You, too. want lots of long-, strong, beautiful hair.- A 35-cent bottle of delightful-"an-derine". freshens your scalp, checks dandruff and falling hair. This stinv ulating "beauty-tonic" gives to thin, dull, fading hair that youthful bright ness and abundant thicknees. All druggists. Adv. MOTHER! "California Syrup of Figs" Child's Best Laxative Accept "California" Syrup of Pigs Cnly look 'for the name California, on the package, then .you are Sure y out Child is having the best and most harm less physic for the little stomach, liver and bowels. Children love' its fruity taste. FulP directions on each bottle. You must say "California." Adr, lane Aspirin Only as told in each package of genuine Bayer Tablets of Aspirin. Then you will be following the directions and dosage .worked out by physicians during 21, years, and proved safe by millions. Take no chances with substitutes. If you see. the Bayer Cross on tablets, you can take them without fear for Colds. Headache, Neuralgia, Rheumatism, Earache, Toothache, Lumbago and Jtor Pain. Handy tin boxes of twelve tab lets cost few cents Druggists also sell larger packages. Aspirin is th-i trade mark of Bayer Manufacture of Monoaceticaoidester of Salicylicacid. -AdV You carefully select your Doctor Why not your-Druggist f He's your last check to the mouth "DEPENDABLE DRUG STORE" lit S. Vnrnt St. Phones 181-182 Consult Me About Your ADMINISTRATOR SALES PERSONAL PROPERTY OR REAL ESTATE R. 6. HANSON, Auctioneer 518 Grace Street Phone 1820VW FREE1 FREE! FREE -FREE! JOIN THE BOYS' CLJJB Z. For- ParttcuJjtrc Call at the 2 IDEAL CYCLE COMPANY K. IS. DAVIS, Manager 10 Mi S. Second St. Phone ISO-J HALL A WILLIAMS' PRESSING CLUB Henry Hall, Prop. ' Sanitary Steam Pressing; Cleaning:, Dyeing and Repairing Ladles' Wo lt A Specialty Work Called for and Delivered . Phone 1581 415 South Seventh Street ' Established 1859 WILMINGTON IRON WORKS WILMINGTON, N C. Phone 247 Ena-lneers, Founders, iron Workers, Shipwrights, Electric and Au togenous Welding; Cast Ing: a of Every Description Main Office i Foot Orange Street FOR SALE! Maine-Grown Seed Irish Potatoes Field Peas Soja Beans SAMUEL BEAR, SR. & SONS "A BEAUTY!" That's what you'll exclaim, my boy, when we show you the fine points about this Harvard Bicycle. We cannot describe all of the " advantages about this dandy wheel in this small space, but we would like to have you call and examine this handsome "bike." GERKEN & LERAY ; 216-218 Market Street, Telephone 672 -f Read .Star Classified Ads fcitttttnt Furniture and House . ' the Tastes of Discriminating Buyers Are Always Found at Our Store at Prices That Also Suit The C. W. Polvogt Company 127 Market Street Telephone 825 J.B.McCABF.&CO. Established 1U CERTIFIED PUBLIC ACCOUNTANTS r. O. BX 1248 U7 BlurchUon BuUdlua WlLMlNGTVrJf, M. C. A UTOMOBILE TV. D. MacMILLAN, JR. .TV Phones 343-ziua Packard r ISUlCu Dodge Brothers loj-xOT North Second Street BURNETT SALES A N D SERVICE COMPANY Successors to Page Sales and Sirvice Company ' CEI ALMER S-DORT 14 Market Street Phone 2048 "STRVICE STATIC FOfT Westlnghousei .AUTOMOBILE EdUIPMOT M. W. JVlcINTIRE 5 Dock Street CITY TAXICAB COMPANY PhOnes 15 and 10 ; AUTOS FOR HIRE Cars Washed. Paliahed and Greased S toragre 108-112 North Second Street C. W. LASSITER Distributor . Briscoe and Mitchell 114 N. Second St. Telephone 13 Supplies, Repairs and Service Rabey Storage Battery Co. 1ft S. Front St. Telephone 84fi ESDI GIYE 'the attention you would' high priced car and it. will nay you divi : . dends' In real service.. . . , At.-Our Servlee Station There Is at Your Disposal a --. COMPLETELY EQUIPPED SHOP, SPECIALIZED MECHANICS, '7V" ? .GENUINE, FORD PARTS, STANDARD LABOR CHARGES. 'HAS Jones Motor Sales Co. 225 iMatkt- Street . . :.i y y. - , GAS OILS t FREE AIR Furnishings to Suit -v. : DIRECTOR Y J. WORTH-OVERLAND CO. 9AIiE9AIVD SERVICE Overland Commerce Trucks 8-10 Dock St. Phone 2163 NEWKIRK mm AUTO COMPANY MOTOR CARS SALES SERVICE 12 Market Street -1- Telephone 1GR W. D. MacMILLAN, JR. Fifth and Wrlsht Streets General Automobile Repairing HI. YES PETTET, Superintendent Phone 1110-W CARTER'? MACHtNERY MARKET The Place to Buy and Sell Machinery Oliver carter 210 S. Water St. Telephone 195 Wilmington, N. C. - WILMINGGTON AUTO PAINTING CO. Painting and TrtMntidK and Repair . Ing oi All v Wood and ' Metal Work . y For. .Estimates, Call at 208 Market Street, Or Phone Jsil THOMPSON-BERNARD CO. Represents Strongest Companies For - Automobile Insurance See us for Public Liability, Property Damage, Collision, Fire and Theft Protection. We mke our Own Adjustments ROBERT R. CHRISTIE, Mgr. 112 Princes St. ?elphone 162 YOUR Telephotnes 725-T0 t- WATER ' mam irmzptr tklDAY, FEB. 18 HANSON . . Vs. ''MROPOLtOS Finish match Two Out of Three RINGSIDE TICKETS AT Newman's Cafe SI LOOK! LOOK! LOOKl Prices arc now down to pre-war time figures. Quality -t- ClennllnewM -1- Service STAR CAFE 209 North Front Street ONION SETS Just - received several hundred crates Red, Yellow and White. Leon ard's Onion Sets. They are the bent everv Phone s your ordersv ' Bear Prodtice and Mercjian dise Company CWhelesale Ohly) Cor. Natt and, C race streets Phones 452-r453 20TH CENTURY MAGIC . METAL POLISH 50c Per Bottle Handled Exclusively by J. HICKS BUNTING DRUG COMPANY Second1 and Princess Sis. STARKE Y & GOLDBERG STILL LEAD THE WAY hACIC.TO 1914 PRICES r ', . '.. . Taking' chances is an awful ,tx pensive proposition. Why not let the TRAVELERS take the chancs when .' the cost ; is so low? PhOho James &. James to put Liability In Surance- on your car at once.- JAMES fc JAMES, Ine Agents ' Sottthern Building Telephones No. 507 and 168 W.E.& J.H.TAYLOR F.AMILV GROCERIES AND COUN TRY PRODUCES Fruits, Candies, Cigars and Tobacco Chickens, EgTgrsr Meats, etc North Carolina Meats '.-Vv'V-' . Specialty ' 612 Castle St.' Phono lilt r CITY ELECTRIC CO. 206 Prlneess St. Phono t s Af-PUANCES 1 MAtDJL tAMPf ,. WLBtNG . SUPPLIES ' L. W.MOORE Buys, Sells and Rents 2 HEAL ESTATE -Wife i 205lrlncess -V 'Tclephonea h 12i12S ' 5 UsMttssMsl v : " yy ' Hi 1 " 1 -.1 "Uirht. Ask your druggist. (Adv.) - - V I 5
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 15, 1921, edition 1
9
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