THE HERALD.
rVBUDRKI) K'VKRY FRIDAY MoBNINtt.
BEATY. HOLT & LASSITER,
PROPRIETORS.
Entered at the PoatufHoe at Hmtthfield,
Johnston County, n. c., as aecond-claaa
matter.
BATE* OF HUBMTKIl'TION:
One year, caah In advance, ? ? ? f 1.00
Six month*, caah In advance. ? ? .50
Friday, November 1G, 1906.
SELLING COTTON AHEAD.
For several years some farm
ers have been selling their cotton
in winter or spring for fall deliv
ery. Many who would not gam
ble in cotton futures would sell
their cotton ahead and thus
help the gamblers. In someway
they figure every year that an
enormous crop is going to be
made and that the price of cot
ton will go down to five or six
cents and that by selling at I
about ten cents they will get
ahead of their neighbors. Ten
cents is the price usually paid
for cotton sold this way. It is
true that some of this cotton
has been delivered when the price
was under ten cents and then the
farmer feels good about his trade
but for the past few years the
average price has been above
ten cents, so that selling ahead
is a losing business. If cotton
did not range most of the time
above ten cents the mill men
and merchants would not en
gage cotton ahead at that price.
The speculator, the cotton mill
man and the merchant plan the
game from carefully prepared
statistics and the farmer bets on
their game. A safe rule to fol
low all through life is never to
bet on anybody else's game. An
other good rule to make is not to
sell anything which vou do not
possess and do not know that
you ever will have as yours. The
farmer who sells cotton in win
ter or spring to be grown that
year does not know and can not
know just what he is doing.
More cotton was engaged from
this crop than from any crop in
the past . In our opinion this was
one of the reasons why it weut
so low in September. Hundreds
of thousands of bales were deliv
ered on contracts by men able
to hold their cotton and who
would have held it but for the
fact they had it sold and wanted
to fill contracts This cotton
coming on the market at that
time lowered the price It w,\s
figured tbat enough cotton had
to be delivered under contract*
co run the mills and therefore it
was not important to put the
price up. We think that but for
the storms in the far South and
the wet weather here which great
ly decreased the number of bales
of good cotton the price would
have remained low largely on
account of the contracted cot
ton. There may be much trou
ble ahead yet for the farmers
who have not completed their de
liveries of cotton they Bold the
early part of this year. They
sold good white cotton aud some
of them may have to go or send
to the States South of here to
get it.
Getting cotton hundreds of
miles away to till contractu made
here would be a new business to
farmer**. It is to be hoped that
the future farmers will make and
house and gin their cotton be
fore they sell it. That is always
soon enough to sell and some
times too soon.
TOO MUCH DIFFERENCE.
We think too much difference
is being tnade between cotton
picked early in the season and
cotton picked now. We do not
say where the blame lies but no
body will be able to convince us
that a reduction of two and a
half to three cents a pound should
be made just because it is a little
trashy and the color changed a
little. Of course if some of the
lint was rotten it would make a
difference. We think if farmers
could wait a short while until
the market could be adjusted it
would be to their advantage in
selling the damaged cotton.
Farmers have lost already this
year on account of damage from
rain and frost and delay in pick
ing and having to pay high
prices for picking and now to
lose one fourth from the price in
selling is entirely too bad.
In spite of the great tight made
by the Republicans in this State
this year the Democratic ticket
was elected by about 48,000
majority. The Republicans did
not carry a single Congressional
district and only about fourSen
atorial districts. In the general
assembly the Republicans will
have less than 20 members in the
House. North Carolina is a
Democratic State and it looks
like it is about time the Republi
cans were learning it.
Albert Johnson sold at the
Banner Warehouse two and a
half acres of tobacco for $578.85
clear check.
A VERY APT REPLY.
Yqry much to the point is the
reply of the Greenville Reflector
to the following query propound
ed by the Industrial News of
Greensboro:
"Our well known inquisitivenpts
prompts us to u?k our Demo
cratic contemporaries to tell us
what in their opinion was the
"paramount issue" in North Car
olina this year?"
Here is the Reflector's reply:
"Well, if you want to know i
very bad, it was to beat the Re
publicans, and it was done in
great shape."
Our Twelve-Page Paper.
On account of our very large
advertising patronage we have
increased the size of The Herald
to twelve pages. We are doing
this in order to give our readers
more news matter each week.
To do this costs us no small
item each month. We are anx
ious to give our readers the \ery
best paper possible and we shall
endeavor to do this regardless of
the cost, bo long as oursubscrib
era seem to appreciate our efforts
as they have during the past few *
mouths. "
Tne enlarged paper is only tem
porary and will be continued only
so long as the volume of adver
tising makes it necessary.
Thanksgiving Service at Methodist
Church.
There will be a Thauksgiving
Service at, the Methodist Church
the fourth Sunday morning in
this month with a Thanksgiving
sermon by the pastor, Rev. J. H.
Shore. An offering will be taken
for the Methodist Orphanage at
Raleigh.
The Entertainment Next Monday Night.
The Broomell-Reea Concert
Company will give an entertain
ment in Sanders Hall next Mou
day evening under the auspices
of the Smithfield Lyceum Club.
Seldom have our people bad such
a rare opportunity. The enter
tainment will consist of readings,
recitations, songs and selections
of instrumental music on the j
harp. Speaking of Miss Rroomell, <
the reader and iiupersonater, "
Prof. Wallace, of the Georgia !
School of Technology, say : "1 >
regard MissJeanetteT. Mroomell ;
as the best, entertainer I have ?
ever known. As author, imper- ;
sonator and interpreter, she has ?
few equals and no superiors." ;
The following from a Clevelaud, ?
Ohio, paper gives an idea of what 2
Miss Reed, the harpist, does: *
"Miss Heleu Reed, the harp solo- \
ist, captivated the audience with 5
her first appearance and was en- ^
thusiasticallv received through- ^
out the evening. Her solos were
admirably rendered, but perhaps g
the most enjoved was 'Rain- |
drops,' which won for her re- ?
peated encores."
We can promise a pleasant ?
evening to all who love a high- *
class concert.
lYou Should Know
I ALUM'S Worst Work
Ill Some Mothers, unconscious of the injurious
effects of Alum, are daily giving it. to their
p Children by the use of so-called Cheap
||| Baking Powder.
U What Mother would do so if she only knew?
Pi Alum's Worst Work is its early harmful
| influence on the child's digestive organs.
Positively Never, should Children of tender
pi years be required to eat it in their food,
jA Secure your Children against Alum in
0'\ their food.
I AVOID ALVM .
I Say plainly
I ROYALpowder I
|; ROYAL is made from Pure Refined Grape
p \ Cream of Tartar?Aids Digestion.
V
Cooking is
Pleasant on
This Stove
It is a Buck?built on the Buck's system which insures good
cooking with the use of the least amount of fuel possible.
Buck Stove doors are enamel lined?The oven is ventilated
so that baking can be done ideally?No mingling of odors
No burning on one side and not baking on other. The top of
stove and bottom will not warp. Buck's guaranteed for 15
years. Come to see us when you want a STO VE.
Cotter-Stevens Company.
SMITHFIELD, N. C.
IS N. B. GRANTHAM,
q President
W. H. AUSTIN. Jj I
Sec. and Treas. ^
bpw^?p>'??*???* too? t ?
bros. * co &%,
CJolfcM M?kor?
1'J"T"* aaw '???
I! Raincoat==MosT vMf?i 0f j |
0 Overgarments~Positive Necess ty irv 1 ?
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I 2 hand-tailored in the incomparable "SCHLOSS'' way 8 i
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jj * ly storm-proof and the handsomest garment you ever * &
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k 0 0 +
? 0 Large stock of Pointer & Stetson Hats. 8 j j
Our Shoes are all Leathers.
0 9 I
J ^he Austin=Stephenson JI
j Company I a
? 100 Men's Suits at Cost, Brought From Last Year. j I