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Friday, September 11, 1926
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STEADILY INCREASED
Promised prosperity in eastern
North Carolina this year has all but
vanished with the opening sales on the
big tobacco markets during the past
week and much feared slump in cotton
has put the great agricultural empire
on the brink of a financial panic. The
reports of low prices for tobacco have
been understated and the bumper crop
of cotton has been over-stated.
The agricultural complacency of a
month ago has given away to a gloom
that, while less shocking, is hardly
less deep than the tragedy of 1920.
Then tobacco slumped 50 per cent.
At that it sold above the prices which
are being paid this year. The crop
put on the market last Tuesday
morning is selling about 20 per cent
below the price paid in 1924.
01?icials in the state department of
agriculture estimate that the prices
the weed is bringing now amount, in
a total, to an average of one to three
cents below the actual cost of pro
duction. With such a condition ob
taining, the department is pointing
out:
What They Find
The entire crop instead of being a
poor crop, is one of the best in
quality and quantity which eastern
North Carolina ever produced.
Other observers here, less profes
sional, are finding:
That the cost of farm operation has
steadily increased. Taxes have ad
vanced in some instances more than
200 per cent more than they were
five years ago.
The consumption of cigarettes has
increased by percentages that are not
approached in any other comparison.
The big tobacco companies and the
officials of the big tobacco companies
are paying the greatest income tax
to the federal government. It is a
safe assumption that they are pay
ing equally high taxes on income to
the state government.
There will be an official investiga
tion, but it can do nothing beyond
finding what has happened. It can
not help the farmer to cash in on his
expectation of profits this year. It
is reported by business men who have
surveyed the situation on a number
of the large tobacco markets that very
THE PILOT
few powers will be able to pay their
old bills. Some of them will be able
to pay for this year’s fertilizer. Those
who make a profit on the year’s work
will be as scarce as hen teeth.
Prices Helped Some
It is generally conceded, by news
papers which have been hostile to co
operative marketing, that the price
this year would have been even lower
than it is but for the activity of the
association. Cooperative farmers are
not satisfied but they are in much
better shape than those who have sold
on the auction floors. The dumping
system has demonstrated its most
vicious form this year and even news
papers like the Wilson Times have
quoted the buyers as saying: “We’re
tired; please go away and let us
rest.”
The cooperative association has all
the financial backing necessary to
handle every pound of tobacco con
tracted for this year. It very prob
ably could make arrangements to
finance additional deliveries, but it
is doubtful if the membership would
permit it. In eastern North Caro
lina the association has survived to
do business in spite of the fact that
it has feceived less than six per cent
of the tobacco.
Are Discouraged
Bankers and business men in the
east who had looked for a bonanza
year are grief stricken. The cast has
never recovered from 1920. Two
years ago it staged a spirited come
back but last year was another failure.
This year the low tobacco prices have
all but paralized the farmers and the
merchants. It is idle to warn f gainst
the invasion of stock salesmen now.
conspiracy is ideally adapted to Miss
Talmage’s versatile talents.
Lovers, royal plotters and spies
stalk through this modernized picturi-
zation of a story that has thrilled a
generation of readers in all parts of
the globe.
Beginning its enthralling tale in
America, but soon shifting to a con-
spiracy-swept kingdom in Europe,
“Graustark” piles climax upon climax.
Faithfully adhering to the plot, as
penned by the novelist, the cinema
version is modernized in a way that
will find favor with the most sophisti
cated present day audience.
“Graustark” was produced on an
elaborate scale. As the Princess
Yetive Miss Talmadge is Srupported
by a number of distinguished screen
players, including Eugene O’Brien, in
the role of the American; Marc Mc
Dermott, portraying the designing
Prince; Roy D’Arcy, Albert Gran,
Lillian Lawrence, Michael Vavitch,
NORMA TALMAGE IN MODERN
IZED “GRAUSTARK”
“Wuxtra! American kidnaped by
Prince’s spy. International compli
cations threatened!”
That might be the newsboy’s cry,
but there’s no need to dust off the old
army uniform and enlist, for it’s all in
the movies.
World famous as a “best seller,”
“Graustark” now comes to the screen
with Norma Talmage as the star.
Produced by Joseph M. Schenck for
First National, George Barr Mc-
Cutcheon’s novel of love and royal
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Frank Currier, Winter Hall, Wanda
Hall and others.
Hundreds of persons take part in
some of the stupendous scenes. The
filming of the story required the con
struction of an entire mythical royal
city, with palaces, streets, shops and
homes.
Tom Tarheel says he is selecting his
material to exhibit at the fair this fall.
The use of ground limestone assures
success with clover. No one can afford
not to be successful this year due to
lack of hay and grass.
One hundred and seven farmers of
Pitt County visited the Upper Coastal
Plain Station near Rocky Mount re
cently says County Agent R. B,
Reeves.
Cover crops were never needed more
than they will be this winter and next
spring say agricAiltural workers at
State College. Plant rye, clover and
mixtures to furnish grazing and i re
vent the land from washing they say.
NEW MILLION DOLLAR IMLOTOR
star leadership is again emphasized in the
new million dollar motor, with its honed cylin
ders, lapped piston pins, light-weight pistons,
bronze-bushed connecting rods, bronze-backed
babbitt-lined cam-shaft front bearing, 100 per
cent machined fly-wheel, and all bearing surfaces
burnished.
ON BRAKE HORSE POWER TESTS THIS
MOTOR AVERAGES 20 PER CENT MORE
HORSE POWER.
Harry S. Viall Garage
i;i Phone 308
Southern Pines, N. C.
Big Building Campaign
For Greatly Increased Room
Therapidgrowthof business with the Pinehurst Warehouses has been such that the present room has be
come wholly inadequate, and this week the Warehouse company has commenced the construction of the first of
a new series of buiding-s that when finished will afford four times the floor space of the present buildings, and
give the company such facilities for carrying on business as will enable it to continue to handle a growing trade
with the satisfaction that has been given patrons in the past.
With the reconstruction of the highways into Pinehurst the railroad has been relocated, and near the over
head bridge on the railroad the Warehouses have secured a tract of ground on which work has already com
menced on one building 100 by 90 feet, which will be the beginning of the new warehouse group. This is to be one
story, and to be followed next season with a similar building two stories in height. When both are completed
the Warehouses will have almost 20,000 feet of floor space as against 5,000 feet now.
On one side will be the railroads and the unloading sidings. On the other side of the buildings will be the
highway. Access is to be had for all forms of transportation. The Warehouses will have all modern equipment
for caring for the big business which is broadening out every day, and reaching steadily into wider territory.
We expect to be in the new building in sixty days.
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«
I '”*® Pinehurst Warehouses
♦♦
I
I Pinehurst, North Carolina
I The Big Supply Houses of this Section of North Carolina
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