Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 27, 1945, edition 1 / Page 7
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. A0nouncemeate_ _TTvnxiNG to spend $50 cS2icT°BMS ^lth stamps used befor let a»ie C ommission Pa:d- LinkseI Civil WalF Bp* fiOL_ Hfli^-TTyfTURNS. C. A. DEWAI r^OJlE TA- h Greenfield Lake Usei V )V, Beach Highway. «aFF-——ryryix-'ft shop Be;paired -Refinished FarnlW phone 2-1928 „ Xve. Wilmington, N. C uisjyy - -on “hosiery re JrtToKi SJ ty D Mason, Box 604-A JIC—' Ridge” Crest on The Sound_ —-d y RETURNS PREPARE! «C0ME TA- ,0 Goit. rules, payablt »o*.ac.Cf George H. Brinson, consul ry.. _ J^Xutom°tlv- _ y-yyyour; car. sever ai cash f0? stock. Sutton Pontiac Authorized Pontiac Dealer, 16 No s;:.-r' ... -F ''HK CO. FOR RE «IE B A‘ ..t-,e-zing, tire and tube capp‘d Veimers. 3rd and Campbell. TOP PRICED PAID On All Used Car* J, T. BARKER Kext 19 Cape Fear Hotel —r"7 y tha f opa ceiling »E p„rmit for Clean cars. MacMil tfili Per', Cc 288 No. 2nd. Dial 9574 —-'TvFr CAR MRES, repaired 'Re m Tire Service. 21f Marnet F: -■ ■ ^rryFoidsmobile, Cadillac a Sales and Service „,NEy CHEVROLET CO. RA„„ s, Dial 8651 tv. P.-mccs- • ____ -rnTS YOVP. CAR. WE BUY AND C*8^ usee ears Howell Motor Co. f's'tn Tire: S:aC._ Recapping Factory Controlled ' Firestone Stores j 8 N. Front St.__ TLRES RECAPPED A*ron Tir* ComDany is,rtt"Third St_ rcTTnCR TIKES RECAPPED BY ; -sished method. Wen 5;;E 3r.( 3rd and Grace. Dial 2 3686. ___ zr-Tw' CHRYSLER, TRAVELERS We 1944 sedan, one Ford, 60 TOtoi tnnsmition and rear axle 40 3,-dte Fenders and other late “Li Dodge parts. One trailer, pick . 'p .t c. Service Station, 17th and CV .f__ t . mrtipracioi EtTAfK^BACKACHE,' NERVOUS nf<i Dr Mary J. Layton. 512 South ern Building- Phone 2-0128._ |.-r.ujlders snpplle* IAnTtO SAVE MONEY ON YOUR fcei bill—Yes? Then let us figure on Celotex Rock Wool Insulation. It cost so little—It saves so much. Dial Beck ers 7761. ilY. ITT"a”?TF~ ANGER-COVER YOUR house when you can get us to cover uTo Ford lock shingles that cannot carl or blow up at same price with e guarantee that is worth something. Mclver Lumper Co., M. C. Mclver. 4347. TFT SASH DOORS. BLINDS. WIN dows. Door frames, screens. Turned columns. Cabinets. Oldest, best equip ped shop in city. Roderick and Land. lt SHARPE ROOFING CO. WILMINGTON, Phone 2-3807 Leland 9120 Barrett Ever ta Shingles are designed to go over woden shingles, our men are exper ienced roofers. Ten years guarantee. One year to pay. ■-Business Opportunities Ball grocery Susiness for ■sale. Owner wishes to sell stock at ■ wholesale price. Building witn living ■ quarters in rear, including fixtures. ■ May be rented from property owner*. I Nice turn over. Address P. O. Box 1071, ■ Wilmington. ■AND SURVEYING BY A. A. ROBBINS. I N. C. registered surveyor. 113 Meares ■ St., Wilmington. Bear around opportunity: save I $1,000. Buy direct from owner. 18 rooms I 5 apartment, 2 story tui’ciing, furnsh I ed including 5 electric refrigerators. 5 I gas stoves, hot water system includng I pay as you burn meters, «!so inlaid ii I noleum in each apt. Year around ren ■ hi $255.C0 per month. All apt. now oc ■ cupied. Located 1 block from bui H tennmal at Carolina Beach. N. C. Dial ■JNtoungton 2-8750 for appointment. ■lsiniss OPPORTUNITY. WELL ES H tablished ar.d profitable photographer’s ■ studio for sale. Complete with all jfl equipment. Must sell immediately. 114 ^Princess^^ B'l—dusr.ness Service ■iSViCEON CENTRAL HEATING SYS ■’/i1-5- Fiooi i-.nnaces. Oil circulators. ■ M makes. D. L. Futrelle, Dial 6001. W 4 M. In 9 A. M. ■Moal- iVord—Fuel Oi> ■-00D, CUT ANY LENGTIL ALSO ■ «’e deliver anywhere. Dial ^j2zil!_GarMr’s Wood Yard ■r;0D all kinds- any length, ■ n Size, also kindling. Dial 6204. B. V. ■ aivenbark. ■ ODD. OAK AND PINE-CALK AT OT H«verS GaraBe' 1023 No- «h St. We ■-Drug* t b"s Fi" Your Next PRESCRIPTION no„s For Your Drug Need* 9ii! vbrPoklyn pharmacy NO nJlP Sp Dial 5876 _1° 0kF SELLS FOR LESS! l-katiDiea v'lNs grocery, choice-cora. ceries mV'Mf and pork' FancY Gr° -Llfll02 North 4th St. Dial 6535. ^Electrical mason electric-co" 107 K..,r ?ctric Contractors Dial 6782. Mce&s ' “-ubrook. pocltryfee'dsTkas Ko p®f°°d' ood's Seed Store. 31 Dial 4620. 6- r, JVXEDO FEEDS ’ ranee’5 S,Icm Partner ■-CROSS SEED CO. SCRATCH, DOG dairy natl, ‘eed* ra'f starter. Quaker ^mache0 P-- Pfl,nt b*?'~ Sugared J J. AUenP/ ? feed’ rabbit feed' Water St & &on' 5762’ Dock *nd 1 -Horist i|FL(u’^kS p°i PLANTS. COR Blostom s-t ,1 d^IBPs ^.uick deliveries. ^-Z.nop’ -*1 Front Dial 6030 ^Tor Rent ' °^RENt~7ir ca—— nrshed main jALE: PARTLY FUH A A. Hob1' 11;'r house Trailer. Apply ^treet Monday’ Grocery* 1419 Castle b:' tepi.r'jh-;' n' ■>' ROR USED CAR 'PacePAr°' r°ad s':d,nB- Ample j[~X:-igjce. Apply 214 South Front. -°r ■■'Ri.-cm* P 00M ^APARTMENTS ;UV ;V; Mincers. Ill in prt ’A‘0 \Trp “T' -1_ crR°0MS~ apart room to- coupli “drra- 313 South 2nd St. 60.—For Rent—Roomg ) Two FURNISHED ~BEdIcxmc wni i rent. 108 Queen St. S FOR 2 FURNISHED BEDROOMS, CONVEN lent to bath, with or without , : 624 Dock. wunout meals. ' 3 furnished ROOMR CIAS STOVE m D!al 2-8834' ™ ^ 33—Room and Board OtJAKD AND ROOM FOR MEN OMT v S10.50 per week. 15 Princess str°?LY' HEATED ROOM AND BOARD~FOR Z2 °nly- 911 Marke* Str«‘ Dial 2 70—For Sale - chines, electric (Rota’ry Type) available through me to Hospitals, Cob fnwrnmm°t S' Atr S‘ °" Red Cross and Government Agencies. Write t t> Long, Jr., No. 4 So. 6th, Richmond. SMALL STEP ON GARBAGE CAN for kitchen, can openers, flash lights and flash light batteries. Cake cookie pie, muffan, fry and dust pan. Tin tubs and buckets .ironing and exten sion cord. Heavy dish pans, 16 ten and 2 1-2 quart aluminum pots, ovster knives, show cases, cash registers safes and scales. L. F. Sollee, 902 Prin cess Street. GENUINE MAHOGANY VANITY, KING } ston box springs and mattress, odd chest, utility cabinet. Railroad Salvage Co., 603 Castle Street. * ONE AMPLIFIER AND ONE STRAIGHT Hawaiian guitar. 2 electric guitars Dial 2-2997. SEE THE NEW CHILDRENS F.UR LIN ed bedroom slippers. Age 1 to 6. The Nancy Wilma Shop, 112 No. Second St. NEW SHIPMENT OF BOOK BAGS IN Newell’s Soda Shop, Wrightsville Beach OFFICE DESK, SCALES. SILVER, dishes, brushes. C. B. Sternberger 1 Equipment Co. Phone 2-1766. 1009 I Princess. VACUUM CLEANERS, WASHING MA chine and electric iron parts. Elec trolux cleaner, sales and service. Dial 2-3562. SPENCER SUPPORTS AND BRASS iers designed. Mrs. Ramseur, 2019 Crea sy Avenue. Dial 6214. WE BUY AND SELL USED FURNI ture. H. Evanson Furniture Exchange. 716 Castle. Dial 2-3809. ROUX SHAMPOO TINTS. ALL SHADES. Beauty supplies. Royal Supply Co. Basement. Wallace Building. Third and Princess St. TO RESTORE COLOR TO GRAY HAIR use famous “Blue Bird” scalp tonic at all Barber shops. Sold by Apple white Supply Co., 14 Market St. SPENCER INDIVIDUALLY DESIGNED supports for healthful, restful posture. For appointments, call Mrs. J.B. Rober son, 2-8025—2-371$. THY ONE OF OUR DELICIOUS HOT dogs. “They are so different.” Little Grill, 3rd and Red Cross Sts. Phone 2-3122. SECOND HAND PIANO, GOOD CONDI tion. $50.00. 518E Bickett Street, Maf fitt Village. ONE STRATTON MOTOR LIGHT plant. Three Aladdin mantel lamps. One Stratton water pump motctf*. One set mechanical automobile tools. Can be seen anytime at Jesse James’ Bar-B Q and oyster roast, Masonboro Loop Road. Near Whiskey Creek Bridge. SPENCEER GARMENTS. MEASURE ments taken in home. Dial 8, call 8818 M or 7918. Mrs. Parker. 16MM IRWIN MOVIE CAMERA TRADE for 35MM camera. Sgt. O. L. Gibson F sq (li Bluethenthal Field. WE SERVE SWIFTS PREMIUM HAM burger. 100% L S. Government In spected beef. Favorite of Chicago World’s Fair 1833—1934 and New York World’s Fair 1939—1940. Try one and taste the difference. Little Grill. 3rd and Red Cross St. Phone 2-3122. LEATHER JACKETS. ALL SIZES. B. F. Goodrich Stores. 14 North 3rd St. UULr JDrVJL.i_,a We have a few golf balls left. Pickards, 209 Market. CHEAP FOR CASH. ONE 18 FT. HOUSE trailer, completely furnished. Dial 2 2790 or 2-8026. ENCYCLOPEDIA BRITANNICA, TWEN ty four volumes, terms, if desired. Write Box “E-2”, care of Star-News. 75.—Houshold Goods JUST RECEIVED A LARGE SHIP MENT OF NESCO OIL COOK RANGES. JONES FURNITURE CO., 18 S. FRONT ST. SPECIAL 9x12 WEARTEX LINOLEUM rugs just arrived. While they last. $5.95. Seller’s Furniture Co. Dial 7535 911 No. 4th St. NEW CHAIRS OF ALL KINDS AND writing desks. Living room and bed room suites, piano. Batson Transfer Co. 3 DAY SPECIAL! CHILDREN’S NURSERY CHAIRS. SPECIAL PRICE. $3.88. H. BERGER AND SON FURNITURE CO., 707 NO. 4th St. DIAL 5128. OIL RANGES, LIVING ROOM SUITES, and studio couches with springs. Cof fee tables. Castle St. Furniture Co. Dial 6447. SEE OUR FLORENCE OIL RANGES. Only $49.50. Home Furniture Co.. 23 Market St. ___ REDUCED PRICES ON BLANKETS and comforts. Levine Furniture Co. 519 Castle. Dial 5347 JUST RECEIVED: A FEW ESTATE Heatrolas, small size. Peoples Furni ture Co. 257 North Front St. __ LARGE SELECTION OF SPRING FILL ed living room furniture. Suites and odd sofas. Home Furniture Co.. 23 Market SL__ __ JUST ARRIVED: a Detroit Jewel gas ranges and coal circulators. Carolina Furniture Co., G17 North 4th St. Dial 4048._ JUST ARRIVED A COMPLETE LINE OF living room suites, with all spring con struction. Carolina Furniture Co., 617 No. 4th. Dial 4048._ CHILDRENS TABLE AND CHAIR SETS at greatly reduced prices. Levine Fur niture Co.. Gth and Castle._ WEEKEND SPECIAL! SUIT CAS jrc <P1 88 SEE US TODAY. H. BERGER AND SON FURNI TORE C , 707 NORTH 4TH ST. DIAL 5128. ____ SPECIAL SALE OF CHILDRENS HIGH chairs Priced from $3.95 up. G. Stein Furniture Co., 605 North 4th St. SVE OUR BEAUTIFUL BABY BLAN kets. $1.85 to $6.00 Pender Furniture Co, 28 South Front St. __ 80—Houses For Sale READY SOON-. POST WAR DEVELOP ment Ridge Crest on the Sound._ 117 SO 15TH ST. ATTRACTIVE FIVE room ' Bungalow. Can arrange reason terms. H. F. Wilder. Realtor 'one 4932. ____ ■5EVFRAL NICE PIECES OF PROP erty for sale. Carolina Beach. Winter I prices. Write Box 661A. Carolina I Beach. Tucker Real Estate Co. ■ThttE BRICK BUNGALOW, REFRIG WeraTor. stove, if desired. 157 Coloniai Village. Dial 2-2702.___ 85.—Help Wanted—Male NOTICE TO EMPLOYERS and work ers All workers, male and female, must be hired under provision of <he War Manpower Commission’s Employ ment Priorities Referral Plan, al ma e workers and all in migrant female workers must be hired through the local U. S. Employment Service offices. EXPERIENCED SHORT ORDER GOOK. ■ E Good salary. Sundays off. Coast Line ' Soda Shop. 403 North Front. *5-—Help Wanted^—Male S^^lSMEN^ ,T0R NATIONAL meat fiil V Cai on Retail and Jobbing trade. Local and surrounding terri l“y--,Wrlte £ul1 information, car* of Star-News. Box N-4 for interview. WANTED: NEWS AGENTS ON TRAIN Line* Depot"*' Union News Stand, Coast 90—Help Wanted—female WANTED: BEAUTtToPERATOR. CALL Louise Beauty Shop. EXPERIENCED SALESLADY FOR ^eady-to-wear department. Permanent position and excellent salary. Inex Crawford’s *nd *ry*rS do not apply WANTED YOUNG LADY FOR GENE eral office work. Permanent resident. Opportunity for advancement. Apply— National Biscuit Co. Bread Bakery, 80’’ No, 4th St. WANTED: WOMAN OF CHRISTIAN character, capable of office and young people’s work. Dial 4338. EXPERIENCED BEAUTY OPERATOR Guaranteed salary. Phone 7703. Beauty Nook. GIRL WITH EXPERIENCE IN CASH ler work and Selling. Apply Cinderella Booterie. SALESGIRL FOR SHOE DEPARTMENT Selling experience ijecessarv. We teach you to fit shoes. Cinderella Booterie. 95—Insurance MUTUAL FIRE AND AUTO (N8UR ance. Rea) estate, bought and sold ^ L. Baldwin. Agency. 817 Princes* 190—Instruction START 1945 RIGHT. STUDY RADIO. refrigeration. 400 courses. Free catalog. I. C, S., Scranton. Pa. NOTICE: LUZIER PATRONS DESIRING further sen-ice, call Mrs. Sarah Allen Telephone 4349, Wilmington, N. C. Distributors needed. Fields Sc Fields Division Distributors. Raleigh, N. C. .Vino, mui its bEUKJSTAKIAL SCHOOL 313 Church Street. All commercial sub jects taught. 101—Jewelry Guaranteed Watch Repairing Guaranteed Service WILMINGTON JEWELRY SHOP 127 North Front St.—Across from P.O. 1P4—Loans ~ U O N E * TZ LOAN On Diamonds Watcue*, Jewelry Silverware, Men's Clothing, Typewriters. Shotgun*, Musical Instruments and Anything ol Value. FINKELSTEIN’S LOAN OFFICE WUmington s Oldest and Largest’ Front and Market Streets 105—Lost and Found LOST BETWEEN PRINCESS AND Grace on Third Street. Folder of keys. Return to Police Headquarters. FOUND: MALE HOG. E. E. CARTER, Wilmington, Route 2. $10.00 REWARD FOR WHEREABOUTS of male pointer dog. Name "Rex”. Blind in right eye. Liver spotted. Con fidential. E. M. Baker, 114C Dare St., Maffitt Village. LOStT 3LACK LEATHER JACKET near Nathan’s Clothing Store. Reward. Return to Hanover Iron Works. STOLEN FROM CAPE FEAR HOTEL Garage Sunday night 1941 two door black Ford sedan. $25.00 paid for first information of location of auto. New York license 2A1133. Wiper on rear window. Contact R. M. Ellsworth or police. LOST: 17 JEWEL, 4 DIAMONDS HO livia wrist watch. Emma Williams, care of S. H. Kress. Reward. LOST: ONE WHITE AND BROWN speckled setter bird dog. Call 2-8648. Reward. LUS1. HlLLf ULjU LIUIN l Aimm* "A and “B” gas rations. Social Security. Drivers license and identification cards and valuable receipts: Finder please return to Leroy Hooks, (511 So. Front St. or dial 2-3970. 110—Livestock JUST ARRIVED: NEW SHIPMENT OF western saddles. $49.50, Sutton Coun cil Furniture Co. 118—Music PIANOS ” Just received large shipment of Spin ette. Studio, Upright and Grand Pianos. Come in and select yours today. A. H. Yopp Piano Co., 209 Princess St. Dial 2-3722.___ 125—Paint—Paperm* NOTICE: WRIGHTSVILLE BEACH PRO perty owners. We have a force of 1st class painters on the beach. Will be glad to give you estimates. Dial 5647 or 2-3814. WALL-PAPERING AND PAINTING, all kinds. We’re equipped for large spray jobs. Dial 2-8198 D. R. Langley. 13G— Poultry BLOODTESTED BABY CHICKS, LEAD ing breeds, hatches twice weekly. Thousands on hand daily. Roudabush’s Seed Store. 139—Radio and Repairs YOUR BATTERY RADIO CHANGED to electric. Dial 4826 for estimate. Howard Radio, 1027 South 3rd St. HOWARD RADIO CO. 1027 So. 3rd St. Phone 4828 All Work Fully Guaranteed BLAKE BROS. RADIOS AND REFRIGERATION REPAIR SERVICE 320 Castle. Dial 1-2780 DEPENDABLE RADIO SERVICE WORK guaranteed. House and auto aerials. Watson’s Radio Service, 722 No. 3rd St. 150.—Real Estate WE CAN SELL YOUR PROPERTY. WE have customers with cash for homes from $1,000 to $15,000. Call A. B. Walton Realty Co., 128 Princess St. Phone 5087. MOORE-FONVIELLE REALTY CO. WE are equipped to serve you. SELL YOUR PROPERTY THROUGH listings with J. S. Lyell, Jr., Real Es tate agent. 242 2Princess St. Dial 2-3186. WE SELL THE EARTH. FOSTER HILL Realty Co. 112 Princess St. Dial 2-3371. LIST YOUR REAL ESTATE WITH W A McGirt. Realtor 2’5 Princeis St. FOR HIGHEST PRICES AND QUICK sales—List with Geo. A. Biddle, Real Estate. 232 Princess. Dial 2-8534. IF YOU HAVE PROPERTY FOR SALE? Give me a trial. List with L. L. King, Real Estate. 238 Princess. Dial 2-2225. PLAN A PLACE OF YOUR OWN. Ridge Crest or. the Sound. 152—Refrigeration Service REFRIGERATION SERVICE ALL makes, commercial and domestic. Call for R. B. Maxwell at Sollee Refrig eration Service. Dial 2-0126. 55—Seed*—Flams— BuIds VICTORY GARDENS: GROW LOW cost. ration free food. Start now, plant ing garden peas, onion sets, cablage pants; turnip, mustard, lettuce, radish F<ed. etc. Roudabiiih'c Seed Store. Corr er Front dc Dock. OOD’S TOBACCO SEED. GARDEN peas, onion sets, lettuce, kale, cab bage, tomato, pepper, etc. Wood’* Seed Store. 817 North Front St. QUALITY SEED We Specialize In the Seed* You Need CROSS SEED CO 19 Market St. Dial 6*68 156.—Situations Wanted I MAKE SLIP COVERS. HAVE HAT experience here and in Florida. Write Mrs. Walter R. Corbett. Route 1, Box 32D, City. Leave phone number. COLORED WOMAN WANTS LAUNDRY to do at 1314 Nun St.__ 170.—Wanted WANT TO BUY 8 ROOM HOUSE IN southern part of City for cash. What have you to offer? W. M. Hewlett. Realtor. 214 Princess St. Dial 7138. •V ANTED TO PAY HIGHEST PRICES for used furniture. H. Berger & Son Furniture Co.. 707‘ North 4th St. Dial 5128. i WANTED: PINE AND CYPRESS LOGS. Bryant Lumber Co. WANTED: ALI. PEOPLE SUFFERING kidney trouble or backache to try “Kido” 87c. Money back guarantee at Saunders Drug Store or Brooklyn Pharmacy. WANTED BY FEKMAMENT resident four or five room house or apartment unfurnished. Call Star-News composing room. WANTED Listings of property tor rale anywhere in this vicinity. We have the clients — expert service. MARSHALL REALTY CO. |K. B. Marshall—E. L. Strickland Realtors <10 Princess St Property Management Sales. Rentals WANTED: ALL KINDS OF USED FUR-" niture or anything you have for sale. Regardless of condition. E. M. Mal Iard. Phone 5638. WANTED: ELECTRIC REFRIGERATOR, good condition. Mrs. H. R. Sanderford. 110 North Madison Street, Whiteville, N. C. WANTED: RETURN LOAD FROM Asheville, North Carolina or points between. Reduced price. February 6. Batson Transfer Co. WANTED: 3 OR 4 ROOM FURNISHBD apartment around Feb. 1. Close in. Write “S-l” care of Star-News. NEED GOOD TYPEWRITER. PAY TOP cash price. Phone 6047. W ANTED: 2, 3 OR 4 HORSEPOWER gasoline motor, washing machine size. In good condition. Write "HR”, care of Star-Newa. FURNISHED APARTMENT FOR LIGHT housekeeping. Call 2-3970 after 12. CLASSIFIED~DISPLAY~ - -* " *^»***»\J A VH, Cooperative Building, Loan Report j ine forty-seventh annual share holders meeting of the Cooperative Building and Loan Association was held at its offices, 124 Princess St., 12 noon, yesterday with J G. Thorn ton, president of The Wilmington Savings and Trust Co., acting as Chairman. The president, J. H. Hinton, gave a remarkable report pertaining to the affairs of the association dur ing the past year, and relating to the modern methods adopted dur ing recent years for the benefit oi its shareholders, as follows: “Ladies and Gentlemen: “In past years I have been shar ing with the Secretary in giving detailed information in my report, but this year I would like to con fine my comments mainly to ex pressing to the Shareholders our appreciation for the cooperation which has created a most unique Institution, and has shown a re markable progress in past ydars. “I have been President of7this Institution for nearly a half cen tury, and I know of nothing that has given me more pleasure than to meet with, and report to you as Shareholders from year to year as to the progress made by our Association. Over the past ten years it has grown more than five times its size which has meant that we have been able to be of just that much more service to our Shareholders and the Community. "The Cooperative is fortunate in having a group of Officers and Di rectors, whose first thoughts are always—“What can be done to fur ther safeguard its Shareholders and the safety of their funds.” The Secretary and his staff have kept abreast of all the modern changes, and during recent years have caus ed to be adopted methods which make this institution solid and sound in every respect. "For instance, ten years ago Re serves for Contingencies were prac tically unheard of. and yet, as you CLASSIFIED DISPLAY will observe from the Secretary’s report, reserves have been built up to a point where they are now equal to nearly ten percent of the Association's outstanding liabilities “Another feature that has beer installed during recent years is that of the Direct Reduction Mort gage Loan Plan. This enables th< borrower to know at all times at i glance what his indebtedness is t( the Associaticon. This modern method of lending is comparable to anything of its kind being of fered to the public today. “The Insured Savings is anothei feature which has been installer and is now in operation. Notwith standing the fact that this Asso ciation has operated for forty-seven years without a loss, in additior to the Reserves above mentined each account in the Association h insured up to and including $5,00( by an instrumentality of the Unitec States Government. These are jus a few of the modern methods whici have been adopted by your Boarc nf Directors for the ffeneral bene fit of the Shareholders. "Our Institution, through its Sec retary, has been nationally honor ed on several occasions, more re cently in 1944, when Mr. Willetts was elected a Director of the Fed eral Home Loan Bank, of which this Association is a member Through such contacts as this we feel that oud institution can anc will keep abreast of the times, anc we as Officers and Directors wil see to it that the Shareholders wil be fully protected at all times. “I want to take this occasion tc thank the Shareholders present, anc those comprising our Associatioi for their patronage and coopera tion and the Secretary and h i : Staff for their untiring efforts un der difficult circumstances a n c times, and to the Directors whc have given much thought and time to the affairs and progress of the Association. “The Secretary’s report which will follow immediately will be given in more detail. “Respectfully submitted, "J. H. HINTON’’ President The President/ was thanked bv jthe shareholders present for his I splendid report, and it was ordered filed. Frederick Willetts, secretai-y - treasurer of the association made the following report: Ladies and Gentlemen: “In reporting for the year 1944 at' this, our Forty - Seventy Annual meting, I cannot fail to bring out i the fact that the Association is now very close to the half century mark. If the results obtained by the community from this Associa tion over these many years could • be measured in dollars, the figure would be astounding. This report will relate to you briefly two very important aims of the Association: First, and very important, the part your Association has played in helping to win the war; second, to explain to you in some detail the i condition of your Association after three years of war - time activity. The two most direct ways in which the Association has been able , to help finance the victory of the United States are: One, to pur-, chase' War Bonds, in other words, ■ lend the Association's money, your money, to the United States of America; and second, to sell war bonds to the public through its authority to act as agent of tne united States Treasury. There are also two indirect ways in which we, as a business institution,, are fighting the war behind the lines. One is to encourage people hot to spend, their war time in comes, but rather to save increas ing amounts of it. The other is by continually making funds available to people who want to buy homes, i the best investment in something • tangible that the American citizen ; can make today. Both of these ac i tivities of your Building and Loan Association can look forward to post-war adjustment for the citic zen. Whoever has saved money, or whoever is well along toward debt free ownership of a home is going to find the post - war world more comfortable if he has either or both of these types of personal fi nancial reserves. “When the United States first en tered the war, it was natural to. assume that none of us could go on with business as usual without first putting our thoughs and ef forts into assisting in the war ef fort. Every Officer, Director, and employe of this organisation has played, and is still playing a defi nite part in the war effort. Through this Association and by the efforts of your Officers, we have directly or indirectly sold over two million dollars in bonds since the War be gan. “In turning back the pages for a few years, it is interesting to find that the Cooperative Building find Loan .Association, over a period 6'f approximately eight years, .has more than tripled its assets. And, in drawing this comparison, it not only reflects the progress of . the gfowth of which this Associa|iO’h'*'is an important factor. In £roof of the fact that the American people are more debt conscious than they have ever been, and in .further .proof that most people are anxious to estab lish and maintain a good credit record, I will quote figures as fol lows: In 1937, our outstanding mortgages amounted to $502,000.00. At the close of b’/;iness that year, which Was considered a 1 normal year, uncollected interest' amount ed to $3,182/00. At the close of business 1944, with loans outstand ing in the arhouftt of $1,30(5,97^.35, uncollected interest amounted Only to $182.34. "In order -to avoid enormous amounts of surplus funds ‘&n >;lumd, we have found it ,necessary /during the year to decline certain, ipyfest ment funds that'have been. AjfeHd to us. This particularly applies ."to out of town accounts; sinc¥ we have felt, and still feel; as a serv ice to our local investors, that we should at all times accept reason able amounts. Notwithstanding this situation ohr statement reveals, that we have . gained during the year in total assets $161,585.61, bringing our total assets as of December 31, 1944 . to $1,601,941.16. “In analysing our . mortgage loan portfolio for the year .1944, I think we can say that our Outstand ing item is that of loans made during the year, being a total of 205, aggregating $520,500.00, with an average term of slightly over seven years. This constitutes the largest amount of loans ever made by the Association in any one year, and represents a turn - over in loan volume of approximately one third of our total assets. This ac complishment is extremely gratify- , ing particularly since all building j has been out of the question for \ some time, which means that we ] have no opportunity to make con-|i struction loans. The appraised val- ) ues of the collateral offered against < these loans amounts to slightly ov- • er SIJXHUIUQ.OO. ! “Building and Loan Associations t throughout the country during 1944, t have experienced considerable t shrinkage in their loan portfolio, f due to the rapid payment of mort- 1 gages before their maturity. While c our Association has experienced a quite an activity in this connec tion, we were able not only tq a maintain our 1943 portfolio total,’ ,c but showed a gain of $8,977.35, <> bring our present loan portfolio to 1 $1,306,977.35. As you will recall, our e total loans made during 1943 which y was our banner year, were $450,- l COO. This, as compared to loans E made during 1944, amounting t<$ j $520,500.00. showed a net gain in- n loans made of $70,500.00 over the year 1943. e “This is an opportune time to d discuss the condition of these mort- h jage loan accounts. As you know, ;he collection department is one of J ;he most important functions of ft my institution. At the close of busi- T less December 31, 1944, we find A hat we did not have a single ac- C :ount as much as six months in K irrears, and only five accounts as much as ninety days in arrears; vith total interest outstanding and mcollected' amounting "to $187.34. S SHiV-CiiN this is not only a compliment to he collection department for their efficient planner- of handling- these accounts, 'but it is also a" credit io our borrowers who, ip this time of emergency,, are extremely co operative in making their payments on time. ‘ “Yi "Another interesting feature- ol our statement of 1944. is the state ment of Operations. Tlw gross op erating income amounted to $90, 365.00 against $87,.07f.65 . ini'. 1943, showing a net gain in gross oper ating income of $3,484.67. Net'topeT* ating expense for 1943 .\yas $2S;S5l, 20 against net operating expeqse fof 1944 of $23,338.03. A net increase in operating expense of $43.86",'' or ' a net gain in our statement ,ol Op eration of $3,440.84. “The Association paid out to Shareholders oh maturities -during, (he year 1944. • $113,263,00 and -in profits on maturities and- -invest ment funds $32,773.06. The number of share issued during-the- year was 10,483 a gain in number of shares' issued duripg.tbe previous year of approximately 1,000. “W.e. .w.ere able. ^ during 1944. to set aside $26]066.00..to Reserves, bringing our total- Reserves for Contingencies up to $120; 000.001, leaving our Undivided Profits, to taling- $48,438.39 to the credit of our .Shareholders.^ payable -at ma turity and dividend periods,: ’ “Your management has endeav ored durihg the year to ‘ keep abreast of the many progressive building and loan industry. .One of the principal moves hiade by the Directors during the.year yyas to authorize’ the - making of loans to Veterans- of World War II. tuiidom the title of G. I. Bill of ■ Right’s. Both your. Secretary and. Directors have had the privilege.' qf, studying this Bill as it' affects this landing institution, and are satisfied that we can be of Valuable,' service: tp these men in helping to rehabilitate them on their return to -civilian life. “In my report. I have endeavor ed to bring but the more important features of our operation during 1944. However, you have before you a detailed financial statement, mid 1 shall be very glad to answer any question?, pertaining to ' this statement.-at the close of this re port. We have on file, copies of both the Annual Report, to. the State Department- and an 'analysis of North -Carolina and copies of our detailed' documents' by a by shareholder. As., a matter of fact* I will always’ welcome- any ques tions of any kind from any of our Shareholders, ' and .will be glad to explain any feature-of the opera tion of this Institution whenever re quested. f‘I would like to say a word with regard to the Board of Directors, under Whose direction I manage this Institution. We do not have a large Board of Directors, eight to be exact, .hut-1 Will let' you judge their interest, in this Association by stating that,- out of eighteen!' meetings, during 1944, we hadfqan attendance record of 98 per < rit. These gentlemen are jnteresteqhin ly in the'Welfare; of the Shareholder and the’proper'management of the Institution; They give up their time to discus's add approve or disap prove all .applications brought be fore the Association. All. in all, they give an average of forty or fifty hours each year for little or no remuneration. "I want to thank these Directors for their very'.' close .cooperation with me - at ■ - all-times;: and par ticularly those Directors who act as Appraisers:'' and .respond in' a few minutes time .to my call, in order to give proper service to our borrowers. IVjy’mafiy thanks go to my faithful employees, W'ho un der difficult circumstances during the past'year, have done a remark able job. ■ ” . •' '. “This ends my twenty second year with the Cooperative Building and.Loan Aos.sciation,,which I as sure you has been most interest ing. - - -. pi appreciation to me many snare aolders of the Cooperative; whose loyalty and ^patjpn^ge makes tlfe continued sttjcces$ of th.jp t-pid In stitution possible.' In closing, may 1 say that,the-A??°l!*®4fin,s wonder ful rebprd of "h’e.vei’' having a lo|s has aga’irttbeen’atijan^InfjS^durinfe the yeas,,1944- y'f/p. Kespeciruuv suomiuea, "FREDERICK' WILLETTS’ Secretary-fteasurist At the conclusion of the secret ary’s report a vote .of-thanks W$s iffered Mr. Willetts for the excell ent report made. Mr-.- Thorntdn, :omplirnented .the-association on^fts •emarkable growth, ‘ and poirftjjid >ut that this1 was proof of the eop idence and appreciation felt %>y he people of Wilmington ■ in .this nstitution. The financial statement :annot .reveal the great service per ormed by the Cooperative to “ifiis ommupijy,: but- all-.-ope'-has-..tatdo « ride through-'the Crty-and'siib irbs and witness the many home* hat. h^ve been financed through his institution to see it, Mr. Thorn Dn, stated. He also spoke.. of. the act that the association, has £een onored on several occasions, not nly in North..Carolina but Nation Uy. Kenneth Marshall and other* resent, commended the officer* fief directors for the. sendee ren et^d, and on the outstanding-rec rd of' thy association. : - The .folio wing directors w e r • [ected to serve during the ensuing eap: ’ Mr. J.. H. Hinton, Mr. C. D. ogue, Mr. J. O. Hinton, Mr. K. O. urgwin, Dr. J. T," HoggaTd, Mr. E. L. Wade, Mr. L. R. . Hum tell, Mr. Frederick Willetts. The following officer? were eiect 1 at a direefprs meeting imme ately following the annual share Dlders meeting: - Mr. J. H. Hinton-, President; Mr. E. L. Wade,' Vice President; x. .Frederick Willetts, Secretary reasurer; Mrs. D. B.’ Mahoney, ssistant Secretary-Treasurer, Mr. D. Hogue, Attorney and Mr. . O. Burgwin, Attorney. -V— CHARLOTTE SPOT CHARLOTTE,' Jarf' 26.— Ub — )6t Cotton 21.05. ' • WANTED WOMEN SEWING MACHINE OPERATORS & INSPECTORS On Army Shirts SOUTHLAND NFG. CO. 2nd and Greenfield St. | Insurance | | GARLAND F. PALMER § | FINANCE INCORPORATED ■ ■ Cape Fear Hotel Bldg. H ************************ | % I Personal Loans s 5 * * Wilmington Finance Co. * J jk * 303 Murchison Bldg. * * * ************************ jREARj \ Wheel aligning \ | Axle and Frame J Siraighienlng ; : SERVICE ; Mauldin Motor Co. ! J i Honor Bilt, All Steel Pipe Furnace 22” Fire Pot Guaranteed 15 Years $114.95 24 gauge galvanized . Smoke Furnace . From 60c to 89c Elbows to fit all size pipe 307 No. Front St. Dial 6626 fgmmmmmmmmmmmm | • AUTO I • APPLIANCES 1 f • refinancing! ! FINANCE INCORPORATED 1 GARLAND F. PALMER I Pres, and Mgr. _ Cape Fear Hotel Bldg. _ Corner 201 N. 2nd St. ® Telephone 2-8218 ■ HlliaillMIllMlllMllilMlliMlIWllMIlMij Read The Classified Ads Construction Workers NEEDED Indiana Ordnance Works Charlestown, Indiana E. I. duPont de Nemours & Co., Inc. Construction Division Openings in the following job: LABORERS Work week 54 hours, time and one half for all hours in excess of forty Company liepresentative will interview and hire at— War Manpower Commission United Slates Employment Service 111 Grace St. Wilmington. N. C. Jan. 23rd to Feb. 3rd, inclusive CLASSIFIED DISPLAY Auto Loans Financing M. & J. FINANCE CORP. Phone 2-2740 214 So. Front ■" 'f • ‘ WANTED Experienced Cook Male or female. Food handlers permit required. Good salary— Apply to Dietician, James Walker Memorial Hospital BUSINESS OPPORTUNITY Well established and profit able photographer's studio for sale. Complete with all equipment. Mnst sell imme diately. 114 Princess St. WANTED Male Clerk-Typist between ages 21 and 45, pre ferably with some railroad ex perience* good opportunity for advancement. Apply in person * Room 3 ACL General Office Bldg. Just Received Shipment of LOCKERS and LUGGAGE Also received a shipment of BOYS'WOOL KNICKERS BERGERS DEPARTMENT STORE 709 North 4th Street HAVE YOU WANTED TO BE MANAGER OF A BUSINESS? World’s largest manufacturer and most extensive advertiser in its field, established over 75 years, intends to open store in your city at an early date, and wants a manager. This presents unusual opportunity for local man (over 38) and wife to operate a store, with an attractive salary and prifit sharing arrangement. Excellent sales and earning prospects now and in the future for right couple. Ability to invest up to $5,000.00 desirable. Apply Mr. D. W. Campbell, Room 650, 401 N. Broad St., Philadelphia 8, Pa. stat ing age, full qualifications, references, business experience if any.
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 27, 1945, edition 1
7
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