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flARNETT COUNTY NEWS
4^ V • V
\
The members of THE MERCHANTS ASSOCIATION wiU put on a DOLLAR DAY in
Sanford, Wednes., Oct. 15,1924
THE*PUBLIC KNOWS WELL WHAT DOLLAR DAY MEANS IN SANFORD. IT MEANS YOU GET YOUR MONEY’S WORTH AND A
LITTLE MORE ADDED. EVERY MERCHANT WILL SI RIVE TO MAKE THIS DOLLAR DAY THE MOST ATTRACTIVE ONE EVER
PULLED OFF IN SANFORD.
DON’T FORGET THE DATE—OCTOBER 15th. BRING YOUR COTTON AND TOBACCO TO SANFORD AND GET A D O L L A R’S
WORTH. WATCH THE INDIVIDUAL ADVERTISEMENT? OF EACH MERCHANT. ^ ^ ^
BELOW ARE THE NAMES OF THE MERCHANTS BELONGING TO THE MERCHANTS’ ASSOCIATION:
W. LAZARUS
LEE FURNITURE CO.
LEE HARDWARE CO.
LUTTERLOH’S DRUG STORE
MACKS 5-10 & 25c STORE
J. H. MONGER
JAMES PARDO’S STORE
REID & RUSH
T. A. RIDDLE CO.
PHARLES P. ROGERS
SANFORD CAFE
SANFORD SUPPLY CO.
SANFORD PtUMBING CO.
KING AUTO RADIATOR CO.
IDEAL JEWELRY CO.
JOHNSON SHOE TORE
J. JOSEPH
E. W. JONES
KEMERY & JOHNSON GARAGE
D. L. SEYMOR PLUMBING
F. R. SNIPES
STROUD HUBBARD CO.
WILLIAMS-BELK CO.
WILKINS-RICKS CO.
PERRYS GARAGE
KENT & SON MARKET
BALDWIN BROTHERS
BROWN-BUICK SERVICE Station
CAPPS HARDWARE CO.
W. F. CHEARS
CHEEK & JOSEPH
COLE, PRINTING CO.
CARTER FURNITURE CO.
DALRYMPLE-MARKS & BROOKS
FEED & PRODUCE CO.
GREEN TOP FILLING STATION
QRIFFIN BROTHERS
HANNER MOTOR CO.
ISAACSON DEPT, STORE
The Cotton Situation
Explained by Expert
{By Q. W. Foster, AKrlcnltuml EcononitHt.)
Farmers at thU time ot the yeart
are busily engaged In picking cotton
and guessing at the price that their
cotton will bring. For the latter
purpose they are using odd bits of
information which come to their at
tention. However, .for the most pari
they are unconsciously employing
a deep-seated prejudice. Generally
speaking, farmers have acquired the
pernicious habit of belleriug that they
are entitled to a high price for their
cotton. Irrespective of existing eco
nomic condition. Farmers are not
altogether to blame for this. Those
charged with the responsibility of
furnishing farmers with reliable eco
nomic information have not function
ed. In the business world the mer
chant, the tradesman, the banker
have had for several years the advan
tage of reliable economic services.
Not BO the farmers. Prejudice with
them kas been ntiliaed in lieu of
facts. It would be a dlttculi thing
for a congressman or anyone else, to
tell bnalnana aaaa that the law of sup
ply and d—and was obsolete. Yet
it is a very common occurrence ai
large farmers' gatherings to hear
stated that the price of their cotton
or other crop Is set by some group
of men .nsnally located in Wall
Street, who have mysteriously secur
ed control of economic forces and
conditions and in some equally mys-
terions way are manipulating these
conditions to their own advantage
and to the disadrantage of the farm
er. While not stating that economic
forces and ctmditioas have an abso-
late free play la determining the
price of a given farm product, never-
theleM most of the talk abont farm
er. helag robbed in this way is pare
nonsense.
This nonsense talk ^ould be re-
plaeed with facts. The farmer should
be furnished witb reliable informa
tion on oeonomlc conditionfi and
price movemenU. which may be used
by hlai la the tame way that the bus
iness nun omploys these tacts. The
publication. NOETH CABH..INA
AOBSCULTflBS A9n> INDUSTRY,
proposes to start this .year such a
serrlee. It will take time botk to
gather the aeceesary data, perfect
methods Di analysis, and to show
farnssrs hew tha service may be era
ployed, tt is believed that such a
aervtee Cor the Sonthem fanner it
needed and It is hoped it wilt be an
aid in putting his buslnes.s, which Is
subjected as any business is, to all
the change? which occur in the in
dustrial world, on a more profitable
basis. This is the first of a series of
articles leading up to the establish
ment of such a .service. From week
to week fundamental economic data
will be publisheth with explanation-
as to their meaning and probable
effect on the farmer’s welfare.
Law Of Dennand .Still Operates
Manifestly, the price of cotton at
any given lime is a resultant of num
erous force.s which. If they could be
determined .•.tatisiics-lly, would makt
It po.Sblble to forecast the price of cot
ton with a high degree of accuracy.
However, the major factor in the sit
uation i.s the effective ^upply, that Is,
the -upply which will come upon the
market during the next twelve
months, and the demand for this -lup-
ply. If we should' consider the de
mand as fixed for any given period,
then the price of cotton will vary
with the supply.
This year we have a crop of cot
ton estimated at 12.aC9,000 bales:
last year we had a crop of 10.2R1,000
making an increase in our annual
crop of 2,279,000 bales of cotton.
These facts indicate that the price of
cotton will be lower that last year,
and the trend of prices tend to bear
out this assertion. For example,
spot prices today are under the high
of last December by more than 15
cents a pound, and futures are under
the high of spot cotton by more than
16 cents a pound. Cotton Is selling
at a lower level than has existed at
any time since 1922. «
CaemplODWMnt m Factor Ufi
Drwuwd
The demand this year for cotton
is likely to be sub-normal. The de
mand for raw cot ion is determined by
the demand for manufactured goods.
That Lhe demand for cotton goods is
not as strong as last year is indicated
hr the fact that ma^factura- of cot
ton goods is lower than it was a year
ago.
An Important fact in this situa
tion is nnemplotyment. Unemploy
ment is an index of the purchasing
power of the people. If times are
prosperous, that is, if labor Is fully
employed, the purchasing power ol
the public is also good. At the .pres
en time, however, labor is passing
through what might be termed a
minor phase in unemployment. Thi.
fact is evidenced by the data pre
sented by Survey of Current Busi
ness, which states that unemployment
Is more general than a year ago
Considering 1923 as 100, the Index
number for July, 1924, .stood at 85
Since July, unemployment has tend
ed to increase, rather than decrease
This is also substantiated by the Bus
iness Bulletin, Issued by the Cleve
land Trust Company, Thi.-t Bulle
tin, however, points out that unem
ployment has reached Its lowe.st point
and that we may expect it to gradu
ally Improve during October and No
vember. On the whole, however, we
maj; say that labor has not as great
u purchasing power at the pre.sent
time, nor is it likely to have during
the coming months, as It had during
1923. Uiiquosiionably this will af
fect the demand for cotton goods and
hence the demand for the raw cotton
Bullish Factors
. ,^50 far we have considered only the
bearlsjj factor,s, that is, those fac
tors which tend to push down the
price of cotton. There are, however
.some bullish factors which shouivl
be taken Into consideration.* One of
those factor.. Is that there is n.o world
surplus of cotton. "The-world pro-
duciian,” according to a recent lei
ter received, "even with our Increase,
Is not sufllcient to take care of the
world's normal consumption require
ments.” "Since the price of cottoit
is determined in the v.'Prld market
this is an important factor to take
into consideration. Whether of not
the world will ^nsume its entire sup
ply of cotton depend.t largely upon
the economic recovery of Europe
The Dawes' plan to rehubllliule Eur
ope has not yet been put Into opera
tion and consequently its effects have
not yet been felt. It is doubtful
whether during the ftr-it .vear this
plan will make any great improve
ment in the economic conditions of
Europe. Hence, we may conclude
that the world consumption of cotton
this year will not be above normal
but on the other hand la likely to be
somewhat below normal.
Probable Price of Cotton
What, then, i.s the price of cotton
likely to be? If wc as.sume that the
demand is not any greater than last
year, then the.American supply, hav
ing Increased, will certainly lower the
price. Using the data for the twen
ty-five year imriod from 1898 to 1913
for the purpose of constructing a
forecasting formula and kssumtug
that the average price of cotton for
the approximaltily 10,000,000 bale
crop of last year was '31.2 cents, we,
would' expect, assuming no changes
111 the price level during the nevt
twelve months, that the annual aver
age price for cotton during 1924-25
Would he approximately 28 cents.per
pound.
Thi;; forecast, lllte any forecast*
li^vi to be constantly interpreted and
changed w'lih events a.s they happen
during the next twelve month;. For
example, adver.ie weather conditions
even yet may decrease the supply and
hence materially iiicrea.se the price.
Ti would not be advisable, in our
opinion, for farmer-, to sell their cot
ton much below this e.stimated price
of 28 cents. Of coui-e the price re
ceived will depend somewhat on the
grade of staple. The above figure?
are based on middling.
LAND POSTEHS at The Newa.
.NOTICE OF .SALE OP LAND
Under and by virtue of a Judgment
of the Clerk of Superior Court of
Harnett County, the same being a re
order of sale, in the that special pro
ceeding entitled C. F. Collins and
other.s against Dora Wllllamd and
oihers, file number 2103, Cl3rk’-.i of
fice, the udersigned commissioners
w.111 offer for sale for cash at the
courthou.se door In LlUtngton, N. C.
Wednesday. November oth, 1924
twelve o'clock noon, the following
described tract or parcel of land, ly
ing and being in Black River Town
ship, Harnett County, North C-aroll-
na:
Beginning at a stake 1% the'run of
white oak branch, and runs thence N
87 1-2 W. 43.43 chains to a stake at
the run of Kennls -Creek; thence
down the run of said creek about
16.60 chains to s poplar; thence a
a marked line S, 87 E. 37.50 chains tc
a stake in white oak branch: thence
up said branch to the beginning, con
taining sixty six and two thirds, acres
except one-half acre around the' grave
yard located on said premises.
The said one-haif acre around said
grave yard will not be sold, but 1?
e.xcepted from said sixty six and two
third acres of land.
This October 4th, 1924.
FRANKLIN T. DUPREE
and
MARSHALL T. SPEARS.
9-14 Comminiioners.
1868, and duly recorded In the office
of the Register of Deeds for Harnett
County.
Time of Sale: Monday Oct. 13th
at 12 o’clock M.
Place of Sale: Courthoude Door
Lillington, N. C.-
Terms of Sale: Cash.
This Sept. 22, 1924.
J. R. Baggett, Commlsfiitoner,
25-3
North Carolina—Harnett County.
In the Superior Court.'
Hail-Eppes Clothing Co.
vs.
J. P. Ellington.
thence N. 5 1-2 E 50 feet to a cor
ner In line of lot No. 2 Im Block Q.;
ihence as said' line of lot No, 2 N
84 1^-2 W.' 21 3-4 feet to a stake?
thence -N. 6 T-2 E, 60 feet to the
beginning station.;
SECOND TRACT; •
Beginning at a stake lii N. W
corner of a smalt tract of land be
longing to M. F. Morris and known
as mile shop lot and' runs N. 8'4- lL2
W. 46 feet to.-,a.stake corner; thence
S.' 6, 1-2 W. iOO -feet.to a .stake on
Depot Street West; thence as Depot
Street S. 84 1-2 E. 46 feet to M. P
Mjjyrls’ corner; thence ..N. 5 1-2 E
'100 fe^t to the beginning.
THIRD TRACT:
NOTICE OP SALE UNDER
y EXECUTION.
By virtue of an execution directed
to the undersigned from the Superior
Court of Harnett County in the above
entitled action. I will, on Monday
the 3rd day of' November, 1924, at-
12 o'clock noon, at the Court Hojise
door of Harnett County, sell to the
highe.sl bidder' for cash, to satlsf.v
said execution, all the right, title and
Interest which the'said J. P’. 'Elling
ton, the defendant, had In the fol
lowing described real estate.' on the
day when said Judgment was dock
eted in Harnett eounly, to-wlt: Junt
21, 1917, or at any time thereafter;
Being I'ot.s Np. eight (8), nine (9)
and ten (10) irt Block R In the town
of Mamers, North Carolina, a", de
scribed and contained Ip a certain
map made, by Francis Dealoh, C. E.
which map Is registered in Oho office
of Register of Di-eda of Harnett
County, in Map Book No. 2, page 10.
Reference to said map is made for
further description. 'The said .three
(3) lots are'bounded by ' Rallroa'd
avenue. Hunt street and , Patterson
street, and on the front .side by lot'
No. seven (7). For further descrip'-’’
tlon see deed from WllUa’ Smith, tt
J. F. Elllngfon, dated June '16, 1817
and registered June 29, l'917,:ln book
186 at page 479^ In the office of the
Register of Deeds for Harnett Coun
ty. * ,
This the 25th day of September
1924. '
J. W. .McARTAN,"
2-5 Sheriff
Beginning at a stake in the line
of B. F. Williams ani^ runs 70 feet
to a stake In. Raleigh Street; thence
as Raleigh Street 100^ feet to the be
ginning, known" as lot No. 18 in th(
plat of the.subdivision of the landr
of J. 0. WilUama.
FOURTH TRA(5T:
Beginning at an Iron stake 50 fee
from tke center of D. & S. Railway
Company’s main tract and at the In
rersectloh of said Company's right of
way line and the land' line of M. F
Morrl-J lir Town of. Angler, and run
ning thence with said line N. 82 de-
gr,ees 30 W. 168 feet to an iron
Ktnicc: then.c.e S.. 7- degrees 30 W. 67
feet to an iron stake; thence S, 81
degrees E. 168 feet to. an iron- stake
(hence 57 feet to'the beginning.
This the 20 day of Sept. 1924.
J. W. McAKTAN,
’26'-4' , Sheriff
North Carolina—Hafnett County -.
In The Superior TJourt
Carolina Hardware Co.'
vj ' - ' ■
J. E. Williams
NOTICE OP LAND SALE.
Under and- by virtue of an order
of the Superior Court of Harnett
county, made In the special proceed
ing, entitled “C. S. Hicks, administra
tor of George H. Long, deceased
versus Mrs.. J. B. Long and others,’
the same No. 2104 upon the Special
Proceeding docket of said court, the
iinderriigned will on Thursday,, Oetb
ber 16, ,192A, at 12 o'clock, noon,'p
the court-house door, -of Harnett
county. North Carolinh.'and upon the
premises of tracts No. 3ve (5) ant
and'eight (8), hereinafter described
! jpoff^r .tor sale to the highest bidder
for'bash those certain tracts, lota, oi
pairdels of land described as follows;
' Tract No. One:
Being a tract of land in Lillington
Township, and adjoining the right .oi
•waS; of the Norfolk Southern Railway
Company and lying on the east sidr
thereof, and-being entirely surround
ed' 'on. the other three sides by the
the' eastern margin of Eighth Street
50 feet southward from the soulhei u
margin of FronU Street, and at the
southwest corner of the brick build
ing now'occupied by the Harnett
County News and runs thence at
right', angles, to Eighth Street in an
easterniy direction, 26 feet to a-stake
in a line of the old National Bank
.lot, now owned'by Mrs. Maude C
I Layton;- thence with Eighth Street
10- feet to the. corner' of. that lot;
thence with that- lot In ah easterniy
direction, and' at-.right . a^MtlM tc
Eighth Street,-'20 feet te l. stake in
the line of peorge- Long’s lot;
thence with ht's line in a southern])
direction and parallel with*' Elght-'i
Street 40 feet.tp-'a'stake In the north
ern margin of a- twenty foot alley;
thence with the northern margin ot
said alley and at right angles tc
Eighth Street, 45 feet to- a stake' in
the nlargjn^ot Eighth',, Street; tbonce
with said' street margin .^50 feet to
the beginning, containing 2,060 sq
feet.' 'Thl» conveyance- alsq,^ carrier
'with- it the- privilege iriiereby George'
H.'Lo'ng, h's helrs-or'assigns, of Join
ing to the' r^tah- or southern wall oi
the two-story brick building, located
on the corner -.of Eighth' and From
Streets, now occupied by 'the Harnott
County News.. For further; deacri'.j-
tlon, ^ee- deed fronl Mrs.- M. L. Sal
mon to G. H. Long, as recordgd In
Book 194; page 347,* Registry of
Harnett" Gouivty. This tract will bf
subdivided into' business tots, and
the sale will be held on the premise:;
Tract No. Three: ,
.Being a tract ot land In Lillington
Township, and beginning at a-atakt
in the center of the Llllinitton' and
Summerville road, a corner ot-Di H
McLean's lot, and 'rnns as' said' ro-’id
S. 80 E. 12 chains to a stake'in ths
center-of said road to the-Town gate
of Lillington. and a corner of the Mc
Pherson survey,. known as “Green
Heights"' thence as the line ol said
survey N. 20 E: 4 chains to the linp
of N. Street in the said Town m
Lillington: thence as the. southwe vt
line of said N, Street N. 70 W. 11 So
chs. in' the lineA>f D. H, McLean’t
land;' thence as his line Sk 20 W
6.13 chains to the beglaniog, con
taining six and one-half (6Mt) acrai
more or less.
Tract No. Four;
Being a lot in the. Town of l.
lington described as follows: Begl
nlng at .a stake in the southern m-
gip of Front Street In Block No. 'i i
SALE OF REAL ESTATE BY OR
DER OP OOURT
By virtue of edi e.xecu’tion directed .
to the under-signed Sheriff of Har'* .lands of Mrs. CharlOk-Ross, and more
Under and by virtue of an "prder
of the - Clerk of Superior Court of
Harnett County in the case of T, L
Reardon, Executor of- Acquilla
McLean and Sandy Mnl;ean, against
Marlah Massey and others, which is
duly docketed in the office of the
'Clerk of Superior Court of Harnett
County, the undersigned Commission
er will, on Monday -tiie.J.3th day 'Oi
October, 1924, at 12 o’clock Noon, at
the Courthouse -Door in Idllingtou
N. C., sell for cash to the highest bid
der the following real estates;
' That certain tract of land contajii-
ing about eight (S) acres, adjoining
the lands of i. A‘. Campbell,' Wm.
'Vann eatato. Jerry McLean and David
McLean estate, and known as a part
of the Hare ' tract of laud,' - which
tract bf land was conveyed in a deed
to .Sandy McLean dated April 19
nett County from the Superior Court
of Wake County In the abovoientitled
action, I will on Tuesday the glst 'day
of October 1624, at 12'o’clock M. at
the Courthouse door In'-Lillingtonv
sell to the highest btddct-.fo'v-cash tc
satisfy, said executLqD,'';aUi;;th«-.lright
title and intere-w which ?the'iefeh^
aut J. E, Williams htu Iti'-tht^.^fi^Uqnr-
ing described real e^taW'lh''Hafihetf
County, to-wit:
FIRST TRACT:
Situate In the town of Augier on
the west aide of the Durham and
Southern Railroad and'beginning at
a stake In alley about 19 feet
of the S. "W. cornhr qf R. B'»'Bl'hdy'^e
lot in- the p'lat of the Towu «f Aimler
,K. C., and runa North - 84 1-2 W. 29
1-4 feet to a stake; thence S. 6 1-2
W. 100 feet to a stake in the line ol
Depot- B^eet; thence with Depot
S^eet. 6. 84 1-2 K. 61 -feet to a stake;
particularly described ns follows:
-Beffliinlng. at a 8tako’-"'ln the edge ol
thd’clght of way of the said railway
in. the' edge of old timber, road on the-
opposite stle of the railroad fro'm'the
'.‘.joBb Poqd't" and rung thence N. 69
Ja.vSl'., chains to a stake with oak
^iC^nf'drai.'tl^ence S. 21. B. 29 chaim
oak-pointers; thence
BJ'69 'W';-'2®t chains to a stake with
oak'.pof'nterajn the edge of the right
of, araypf ga,td railroad; thence'wltlf
the'fight of way of said railroad N
21 W, 20 cKalna to the beginning-
containing, fifty .ji:60);'8creB,vmdre ot
toss.  - Fon farther , deso'rlptidn;:^; see
deed' -fifojpi' L; .'tHyKennedy- qnL'jrHe
fp O'.Long, fig rdcorded-'la Book
194; palie 561, Registry of Harnett
County. ' V 'v
Tract No; Two: .
Being locatel^ In the Town of 141-
littgton ohthe bast side of Blghth
■-.l:
eorner ot lot No. 12 In Bjdek O.i [Street, efid beginning act -• Make in
according to the Kelly Map ot the
Town ot Lillington, 13.^ feet fr
the northeast corner of said bL..
and runs thence^S. 18 W. and paril
lei with First-Street S. 880,^thrc.c
hundred and thirty) feet*to a stake
in( the edge of .“I" Street; thence N'
72.W. with the'margin of *T” Strew
36 feet to a corper of the lot now
owned by the Caroling Telegraph and
Telephone-Company; thence-N.-18 B
and - paurtlel. with . First-, Street, 60
feet to qjstake.'another corner of the
Carolina Telegraph juii Telepboue
Company lot; thence N; 72 yf. ai.d
parallel with “I" Street, 80 feet to
a stake; thence N^ 18 B. and parallol
with First Street, 270 feet %o a atak^
Front Street; thehec
-''.ThieHtfaot will be sttlnllViAed Int;)
buslneaa lota and the sale will be
held on the premiaes.
TWa September 10^924.
MAJtSHd^CFT. SEBaRS.
18-4 OottittiMlotter'
'Mi
‘J/H.
.4:
■'1