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TUESDAY MORNING. JANUARY 2, 1917. - ,y. 1HE NEWS AND OBSERVER What of the New Year Your guess is as good as anybody's. No matter what happens in Europe, there is every indication that the South is booked for five years of the greatest prosperity we have ever known. Somehow high prices seem to go hand-in-hand with good times. It's of interest to note that the things we buy Hke Iron, Steel, Copper, Coal, Leath erhave advanced in the last s two year 148 per cent, while those things we selllike Cotton, Corn, Wheat, Eggs, Hidea have gone up 151 per cent. So the farmer should be the last man to kick at higher prices. Leather was the last great staple to go skyward, and Shoes have not yet, caught' up with Hides and Leather. These radical changes will upset some connections. Marty keen buyers will be casting about for the best values. It so happens that we own quite a lot of leather and Ready-to-Ship Shoes on a favorable basis. For thirty-three years it has been our policy to consider ourselves partners with our customers, and we are at this time willing to di vide what advantage we have with those who are early buyers". " For January we have many lines at a saving of from twenty-five to fifty cents a pair under today's market. A list of these has been furnished our salesmen. "The January Special" will be mailed on request. During the last trying season our orders have been shipped 95 per cent complete. J. K. Orr Shoe Company Red Seal Shoe Factory ATLANTA Mail Orders On Way Same Day. . COBB BROS. & COMPANY BROKERS - Members el New York mnd Norfolk Cotton Exchanges. Prompt ittav. tion to telegTsphJe and 'phono orders. Cotton, Stocks, Bonds, Grain, Fro visions. Private wires. 1M Plain Street, . Norfolk. Virginia HE STILL ADVISES HOLDING CTT Eastman Kodaks and Supplies Our Line b Complete WAKE DRUG COMPANY DURHAM .BUSINESS SCHOOL Christmas Offer REGULAR RATES CHRISTMAS RATES : Combined Course . . ,v . $8S Combined Conns .... $1t Shorthand Course . . . , SM Shorthand Course . . . . 4 Bookkeeping Course . . . tit Bookkeeping Course . . . $4 This 8peeial Christmas Offer lasts until Tuesday, January' 9, 1917. Ton cannot afford to miss this offer: AH ear graduates are employed Apply at onee to MRS. WALTER LEE LEDNUM, Proaideat Recent Drop Shouldn't Fright en the Farmer, Says Henry N. Pope (Special to the News and Observer.) Fort Worth, "Tex, Jan. 1. That the farmers of the South should not only hold what cotton they have, but should buy more, if possible, is the advice given to the membership of the Farmers' Un ion by President Henry N. Pope, of the Association of 8tate Farmers' Union Presidents, In an article given out to the press today. The article says in part: ' "The recent drop of 5 cents per pound in cotton ought not to frighten the farmers, or others who are holding rot ton, into throwing it upon the market. "This drop Immediately followed the ginning report announced by the Census Bureau on December 0, which lead buy era to conclude that the Federal Agri cultural Department's final estimate of 11111,000 bales, which was made De cember 13, was too low. "The powerful effect 'of the cotton supply upon the market is foreefnKy Illustrated by the market records. Oi August 1, the Federal Agricultural De partment Issued ' a statement to the press estimating that the South would produce 12,916.000 bales and the market price on that date was 1ZA. On August 31 ' the- Department-of Apiculture gate. nut an estimate of 11.800,000 bales snd the price jumped to 14.6 cents. Another report was given out on October S, es timating 11,637,000 bales and the market immediately responded by moving op to 15JJ cents at the beginning of October and gradually rose and 19.6 cents vs reached on December 1. The crop, at the time of the October report, was con sidered mature and no further reports were Issued nntil December 11, when the Federal Department of - Agriculture gave its final estimate. of 11411,900 bales. "The ginning report given - to the press by the Census Bureau on Decem ber 20th showed 10,845.000 bales ginned to December 13th, indicating that the total crop of 1816 would be around 11. 930,000 bales, for in previous years we have had W P4" 'cent of the crop ginned at that timo. But the 1916 crop has been more forward than the average- crop and we have less than five per cent unginned. The final estimate of the Department of Agriculture is cor rect and the last ginners report which will be issued January 16th, will verify it. Cotton should immediately then re turn to 20 cents. In fact this panic in prices is wholly uncalled for and ought to encourage those who hold cotton to buy more rather than to sell what they have. Any person at all familiar with the ginning situation knows that there is less than five per cent of the cotton unginned at the time the last ginning report was made. The difference be tween the final estimate of the Depart nirnt of Agriculture and the actual count from the ginning reports of the Census Bureau was less than - 52j00O bales for 1915 and it will be equally as rtVPne-thiaafr 1 "While gambling may temporarily affect cotton prices, supply and demand is the ruling factor and one upon which all speculstion . is based. The farmer holding cotton now should not sell at least until the final ginning report is made. We have had two short crops coming together which has depleted the supply and no farmer should have any fear of holding cotton." JAPAN GETTING READY FOR WORLD ECONOMIC CRISIS Tokio, Jan. 1. Abundant evidence that Japan is making elaborate plans to meet the possibility of a world economic crisis is found in a recent meetmg of the Chamber of Commerce of Japan, which gave a reception for the new TerauChi cabinet. Premier Terauchi de livered an address promising the gov ernment's assistance to the maintenance of the nation's prosperity. The assem blage "was significant as showing the existence of the same close working ar rangement between government and commercial interests in Japan an exists in the nations of Europe. There is great interest here ns to whether the Wash ington administration will preps.ro the post-war period by co-operating with its commercial and industrial leaders. Count Terauchi said that at present Japan wss enjoying prosperity with sn excess of exports over imports. How ever, it might be very difficult to main tain this favorable commercial situation after the war. In this respect, said the premier, the government was prepared to consider proper measures for rutin talnihg trade prosperity and to take proper steps to meet the changing situ ation. It. was important, the premier " held, ISS . ill T kisurs Victor easMtr. always Booh lor the hmous trademark, "Tita MmmCs Votes." II ts on mm Vieuvla and nl Victor It m IhsMMcm With a Victrola in the home every musical longing is satisfied Wh en this wonderful instrument brings right into your home a wealth of the world's best music, faiVly dazzling in the wideness ot its scope and tne array of talented artists interpretin g it, you surely want your family to enjoy this great pleasurel The pleasure of having Caruso, Alda, Bori, Braslau, Gal ve Gulp, de Gogorza, Destinn, Farrar, Gadski, Garrison, Gluck, Hempel, Homer, Journe t, Martinelli, McCormack, Melba,r Ruffo, Schumann-Heink, Scotti, Sembrich, Tetrazzini, White hill, Williams, Witherspoon, Wer renrath, and a host of other great artists sing for you; pf having El man, Kreisler, Paderewski, Powell, Zimbalist and other famous instru mentalists play for you; of hearing fimisa'fi Band. Prvor's Band. Con way's Band, Vessella's Band, Victor Herbert's Orchestra and other cele- brated musical organizations; of enjoying the inimitable witti cisms of Harry Lauder, Nora Bayes, Raymond Hitchcock, Mizzi Hajos, and other leading entertainers! Whether the home actually feels the need of music, or whether it is already gay with melody, nohome can afford to "Te without the exqulsitFmullc o3uoTbT grealest of all musical instruments. Daily demonstration, at all Victor dealers'. Go today and hear the kind of music you like best. The Victor dealer in your neighborhood will gladly play it lor you and demon strate the various styles of the Victor and Victrola $10 to $400. -fmsg - liiiii m : Mail PI "W'l :liif : VktraU XVI $ , xvi.eUatria.azav Uthogtar oi 9ta I Victor Talking Machine Co., Camden, N. J. I j !tas important rtoocaw- au victor isuuos cum mrm pww - ;,;t ;. J jfci SESi iSf tewdsMlv. AU Victor Bord. ... p.tmtl nd mr, mZyUcmmd. .no w,th ri.ht of U on Vido. T. ldn. Mch . Ml7. SS gg5j . Victor accords and Vlctof : lschioo. an clmtlflaUlr coordinatocl ant .rochronUed br our tdI pr '" " ,Bfp pggj snoouhtturs; and, tbdr u. scpt wrth wch otlwr. Is do 00X1 aasutnorljod. but damsin and unistlslftnry. iepfrfe hw VTo-r IUoc. dWMr.fd X B VmUt. m tko 2Xa W oxa mmmA . iHfci I Victrola : that the nation should develop the do mestic majiufartiirins; Industry br us ing; home products in time of peace as well as war. The government would en deavor to find proper measures to do what it ronsidrrs best for the further ance of that purpose. The treat need for Japan was that it should supply its own needs io riw materials. - - JAPANESE OFFICERS TAKING PART IN WAR (ry the Associated Press.) Tokio, Jan. 1. Ten Japanese ofti-or have left for the .various European bat tlcfields. Flight-Ijieutenant Nairao of tho Japanese aviation squadron will join the French aviation corps and'riaf- tiripnto in the activities axainst the Germans and Auntriuiis. Many Japa-nes-i oflieers are now at the front with the Kreiuh and Russian armies and several naval oflicers are with the Brit ish fleets. Tho Rniulan T)nms nants to tret Con- irtiurtinoplc "instead f givU(( 4ip Poland. Marrlsge Ureases la Wltssa Coaaty. ' (fpecil to Ths News-aod Olwerver.) .. Wilson, Jan. I. Daring last moath KegisU r of Deeds John B. Dildy issnexl marriage lirenses for 75 couples 47 white snd .'tH colore J. Ia Deieember. 1015, there were 101 eonples married- 0J.."'b(te and -60 colored.- - - ... ' . ' ..1 ... ,t - ' ' ' MUTT AND JEFF Some Skaters Have the Craze While Others Are Simply Crazy j (CopSjT' By BUD FISHER SMrtrHrNeV0u) COT THCrcj J WHCN X WAS A Klt. NtW Kua NOW SO I UNY To GetV tSrXRC, so ixae aqjc to EPUP VMI'TH TWC ?c,ao rv not PPIN ON STlNt SO avjr UeWTi TO LS4RN ro e. WM4CY SKAR. T. kAiQMl mT xu Do; m. rtevx. XNO tfeVtN TO 6 r BCAR.OM 6oo9Tuvet OUT UNO MOtO Or 1VS f I nore tKaTrjfc(l I - 1 I kATI - WMWfl' A'. i Ik I, si 0y CeVfT CEeVRN rnV1 SKTtNtv w vcuRscvr. t 6 OS OUR. ClPCQ-rv i- I 1 ijCU ITS V- i'Tr mocth it I TO PuTONd . mutt n 00 tm? anw i-iisrir rsAfri n : : 1 ) CiSx r I
The News & Observer (Raleigh, N.C.)
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Jan. 2, 1917, edition 1
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