Newspapers / Zebulon record. / Feb. 18, 1938, edition 1 / Page 3
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Behind the Scenes In Business By ORTON a MOTTER New York, Feb. 14.—BUSI NESS.—All signs in Washington point to another announcement of a “breathing spell” for business. Insiders say the much-trumpeted conference with the little business men, the prevailing belief that railroads will be granted the 16 per cent rate increase they seek, and the recent soft-pedaling of at tacks on business, are straws that indicate which way the political wind may blow. Since the sharp drop in indus trial production which occurred from October to January has ap parently been checked, a breathing spell announcement might well re sult in an immediate upturn in business activity and employment. Observers recall the reassuring effect of the last presidential ges ture to business in the summer of 1935. Industrial activity spurted then in hair-trigger fashion in creasing from about 63 per cent of normal to 80 per cent by the year end. AUTO OUTLOOK Consider able progress was made during January in clearing the oversupply of used cars from dealers lots, and auto makers are more hopeful of a sizeable spring upturn in new car sales. A Kansas City, Mo., Chrysler dealer ordered a trainload of new autos last week in anticipa tion of spring business. About 4,250,000 passenger cars were sold in 1937. Until recently manufac turers were estimating 1938 sales at only 60 per cent of the 1937 volume, or 2,550,000 new cars. Now this figure 'has been revised up ward to 2,975,000, an increase of 425,000 cars. This would increase sales for the year by $300,000,000, and be a helpful addition to the na tion’s purchasing power. RETAIL SALES —From June, 1933, through December, 1937, na tion-wide retail sales volume has shown a steady monthly increase over the preceding year. Reports last week indicate January sales were only 2.2 per cent under the 1937 month. Initial reports for this month showed a slight im provement over January, with the most encouraging results coming from the farm areas of the Middle West and South West. BIG STEEL United States Steel Corp. surprised business last week by promptly renewing its contract with the CIO. No wage cuts were stipulated as had been expected in some quarters, al though a clause in the agreement will permit reopening of negotia tions at any time. “Big Steel,” as it is nicknamed in the trade, has annual sales volume ranging from $500,000,000 to one billion dollars a year, depending upon conditions. At the peak last year, it had 250,- 000 employes. Whether it can maintain wages will depend on ac tion of independent steel com panies, such as Republic and Na tional. The independents so far have . evaded unionization, and should they persuade employes to take wage cuts, “Big Steel” may have to follow for competitive reasons. HEADLINES Cotton prices move up in anticipation of farm bill passage .. . Roosevelt asks for $250,000,000 additional relief money, increasing current fiscal year’s deficit to $1,444,000,000- . . . Oklahoma cuts February oil pro duction quota .. . January reve nue of some railroads better than expected . . . Continental Can Co. sets sales record in 1937 . . Duild ing material prices continue to de cline .. . Money in circulation January 31 is S4B 71 per capita, compared with $50.51 December THE ZEBULON RECORD, ZEBULON, NORTH CAROLINA, FRIDAY, FEB. 18,1938. -31, and $49.25 a year ago 1 B. F. Goodrich Company completes SIOO,OOO addition to Pacific coast plant. . . . Carloadings rise 11,564 cars .. . Auto output last week up to 57,810 units. NO NEW TAXES—The 175,000 separate taxing units in the U. S., many overlapping, are pouring out $30,000 a minute of the taxpayers’ money to keep America’s over-or ganized government running. At this rate, 1937’s record national expenditure of $17,000,000,000 will be greatly exceeded. That’s why the Women’s National Exposition 1 of Arts and Industries has formed | the Consumers Tax Commitee to [WE SWITCHED TO 3-8-81 [ANPJKEPT THE LAWDiJ 3% I Satfi BEN PEACOCK, FREMONT, N. C. 1 PpP Wmm* BEN PEACOCK. Mgr.. Hooks Brothers. Fremont. N. C. •i /jam (left), says: “We have some land on which tobacco V showed considerable disease for several years. We were <•••>•• about ready to sell the place, but decided to change our t tobacco fertilizer from 3-8-3 to 3-8-8. The 3-8-8 has cleared U P th® disease and produced good quality crops. We lip have decided to keep the place." ip a- I C HUMPHREY. R. F. D. 2. Richlands. N. C. (above), says: “For two years 3-8-8 has been our tobacco fertil izer and we plan to use it again this year. We think that even more potash could be used to advantage on our tobacco and will test it out. The extra potash in 3-8-8 im proves both quality and yields. The leaf is smoother with better body and there is 8 I I /t* «Kte..k. —gfa. 'VRk. I 'V .A VEfisfc.' y. y.y, A. &. ./S- ' k ’ZsiSm ' EXPERIMENT STATIONS, farmers and fertilizer men have discov ered that tobacco needs many times more potash than it received in the past to return the profits that you deserve. The farmers whose statements you have read above are only a few of the many thousands who have discovered that it pays to give their tobacco plenty of potash. The Tobacco Research Committee now recommends fertilizer con taining at least 6% POTASH to be used at the rate of 800 to 1200 pounds per acre, plus a side-dressing of potash equal to 120 to 240 pounds of SULPHATE OF POTASH per acre, the side-dressing to be applied within 20 days after transplanting. Your Fertilizer Man will be glad to supply you with 3-8-8 TO BACCO FERTILIZER for use at planting and NV SULPHATE OF POTASH for side-dressing. If you want bigger yields of better quality tobacco, use more NV POTASH this year. It Pays! N.V. POTASH EXPORT MY., Inc., Royster Building, NORFOLK, vA. .- $ . 1 vigorously oppose all new taxes of any kind. The committee women seek to reduce many hidden taxes which take one out of every four dollars of each person’s income. For example, when you buy four pork chops, you pay for six—two going for taxes. There are 178 hidden taxes on a bottle of milk of magnesia and 112 hidden taxes that raise the price of a pair of $3.60 shoes to $6. FROZEN FOODS—Reports in dicate that the merchandising of frozen foods by independent groc ers is increasing rapidly in all sections of the country. Sales of special icing units in which car less off-grade tobacco. We also use 8% potash in our cotton and com fertilizer.” CLIFTON BEST. R. F. D. 4, Goldsboro. N. C. (above), says: “I found out about the value of extra potash in improving the quality of tobacco by top dressing with NV SUL PHATE of POTASH at the first working. For the last three years I have been using 3-8-8. Extra potash smooths tons of frozen foods are kept is outrunning production according to General Foods Corporation, largest producer in the field. More than 3,000 grocery stores now sell this company’s “frosted foods.” Seafoods, poultry, vegetables, fruits and meats can all be frozen by the quick freezing process and kept fresh indefinitely. More than 16 billion dollars worth of food stuffs are sold annually in Ameri ca. Columbus County strawberry growers are interested in thin ning their pines because the prac tice provides more straw for mulching the berries. out the leaves and helps to prevent rim fire and tip bum.” P. B. COLEY. R. F. D. 4. Wilson, N. C. (above), says: “My to bacco fertilizer at planting carried 5% POTASH and then I used a top-dresser con taining 20% POTASH at the first working. Lugs at $25.00 and better than $400.00 per acre is good enough for me. Extra potash has given me better yields and better qual ity. Extra potash does not pro- U. S. Approved, Pullorem Tested BABY CHICKS . Hatch each Wednesday. Barred Rocks, Rhode Island Reds, English White Leghorn*. ZEBULON HATCHERY Zebu lon, N. C. £££ c °? B 000 FEVER w w w flnt day Headache 84 aainataa Liquid, Tablets, Salve. Nom Drape Try “Rub-My-Tism”-World’* Real Liniment duce extra growth, but gives a smooth, better-bodied leaf that has more weight.” L A. LANCASTER. R. F. D. 4. Goldsboro, N. C. (above), says: “3-8-8 is a better tobacco fer tilizer than 3-8-3 for this section. 3-8-8 brings me more money than I am looking for, every time. 25c tips and 28c lugs look mighty good to me. The principal thing that extra potash does is to improve tho quality of tobacco.” 0 R. E. McLAUGHLIN, Florence. < S. C. (field above), says: “For tobacco, I used 3-8-9 ferti lizer before setting. This smoothed out the leaves, giving them much better quality and body. For cotton, I used 4-8-4 at planting, top dressing just after chopping with nitrogen and 75 pounds of MURIATE of POTASH per adre.” i/ISr If»Wf \y> .vl Mjjj jn! A 181
Feb. 18, 1938, edition 1
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