Newspapers / The Enterprise (Williamston, N.C.) / Oct. 22, 1929, edition 1 / Page 5
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Tuesday, October /1929 I MAGNATESAYS I PORDUmON OF Frittros TOO HIGH I Willys-Overland President Warns of Danger of Overproduction ——• Toledo, Ohio., Oct. 21.—Annual boosting of production schedules on the part of automobile manufacturers has resulted in the entire industry being faced with a serious problem, which not only threatens the welfare of the automobile dealer, but if a halt is not called, may affect the entire business •and economic structure of the indus try. This was the' substance of a state ment made by L. A. Miller, president of the Willys-Overland Company, here today. The industry is fared with a serious problem," said Mr. Miller. "Year aft er year motor car manufacturers have set their production schedules at higher figures. The company that produced 200,000 csrs last year had set its mark at 250,000 for the current year. If last year's sales totaled 350,000, the goal for this year was set at 400.000 and so The Coastal Plain Fair TARBORO, N. C. October 29,30,31 November 1 & 2 THE BIGGER AND BETTER IN EVERY WAY" FAIR '! . Bruce Greater Shows on The Midway Hi ~ = Big Display of FIREWORK Every Night Horse Racing Professional Eight $300.00 AAA Sanctioned Open Class Auto Races Races ~ Sat., Nov. 2nd THE BIG ROANOKE FAIR BJB^SSS==JB|^ ————. WILL OPEN MONDAY NIGHT, NOV. 4, AND CONTINUE THROUGH THE WEEK NOVEMBER 4-5-6-7-8-9 mAt Williamston, N. Cr~^^l I! Horse racing Tuesday, Wednesday, and Thursday. Some of H \ I ■Mr the best horses in the South will race on these days. JLI/X*. GPL ADULT | by Professional auto rac ng on Friday and Saturday, sponsored JJ I I 50C MJm\ The best free acts money could buy will perform twice every PORTRAYING CHILDREN ' EDUCATIONAL I day Elaborate firewo ks will be shown every night. Auto Polo I \ N.CRESOURCES I r AND INDUSTRIAL 7*5? da *i Higgin's 15-piece Band will play every afternoon and Officially Sanctioned by i II night with a special soloist for every performance. ■ - ZilC - CONTEST BOARD OF THE AMERICAN W ' WMPB Every attraction is big. STONE'S SHOWS, which are larg- AUTOMOBILE ASSOCIATION v ffflFi - AUTO er and better than ever WILL BE ON THE MIDWAY, with 22 I Washington D C 1 7 1 show sand rides. They are different. ■MM 25C IKPBI ===== WORLDS GREATEST DRIVERS J NptpSHH ' WEmjmM Don't Forget the Date and Price 7—SENSATIONAL SPEED EVENTS—7 XT l i P « „ O FT ' ROANOKE FAIR November 4,5,6,7,8,9 . the — ays N . A I I, -A FRIDAY AND SATURDAY Price - Adults 50c, Chll- NOVEMBER § AND 9 dren 25c, Auto 25c J Director of Events jj II on, The ability of the public to ab sorb an indefinitely increasing number of cars is constantly overestimated. As a result, from the first month of this year, we have seen automobile plants running at record production. Dealers have had cars shipped to them in ex cess of the purchasing power of their communities, creating a problem of meeting loans from banks and finance companies. Long trades, with the sell ing of cars at net loss to the dealer, is the result. And dealers find that while they have done an increased vol ume of business, their profits have dwindled or losses have been sus tained. The used-car problem of to day is the direct result of this policy of ov«rbuilding on the part of manufact urers. "And," continued Mr. Miller, "this has been done on the theory that in creased volume meant decreased costs. Up to a certain point this is correct, insofar as manufacturing economies are concerned. But the theory fails when the volume is not maintained. Sales forces are expended, plants equipped and tooled and materials bought to carry ou these increased production schedules. In the closing months of th year, manufacturers usually find the market unable to absorb the num ber of cars thf.y intend to build. Out put is curtailed, with the resuh-That a', the end of the year a considerable icsser number of units have been ac tually built on which the average over head expense has taken a decided up ward trend and materially affected the producer's profit per car for the year." That Willys-Overland, with the deal ers' interest in mind, intends to be the first big producer to apply corrective measures and to adopt a policy which, he predicted, would become the practice ol the industry, was the assertion of the Willys-Overland president "This year we will produce in the neighborhood of 300,000 cars. We do not plan to increase this total next year. We btlitve r if is the conservative num ber of cars our dealers can move with out the need of forced selling, unfrofit able trades, excessive used car stocks, and which turnover in their capital to assure a sound return on their invest ment at the end of the year. We will keep our productive capacity absolutely flexible, so that as dealer outlets in crease, and resulting increased retail dtmand warrant expanding our output, wc can do it promptly and efficiently. We are confident that the result will Cool Weather Is Here and Cold Weather Is Close Behind DON T LET COLD WEATHER CATCH YOU BEFORE YOU PUT A HEATER UP ~WE CAN SUPPLY YOU IN ALL KINDS OF HEATERS, COAL OR WOOD - ALL SIZES AND PRICES ALSO ALL KINDS OF COOK STOVES AND RANGES. STOVE PIPE, DAMPERS, STOVE BOARDS. WE CUT AND CRIMP YOUR PIPE FREE. COME IN AND LOOK OVER OUR STOCK - A NEW AND COM PLETE LINE. Culpepper Hardware Company THE ENTERPRISE be a large increase in our own profits. "With this policy, each near car sale will net our dealers a substantial profit. They will be able to keep used car stocks at a minimum and turning over regularly, and their net for the year will be substantial. "The flood of new cars from the fac tories and the piling up of used-car inventories, both of which shoulder an unbearable burden on the automobile retailer, can be stopped when all the manufacturers adopt a policy of pro ducing in accordance with reasonable retail demand. "With such a policy universally a dopted, there wilt be no used car prob lem" NOTICE OF SALE Notice is hereby given that under and by virtue of the authority con tained in an order of the superior court of Martin County, entered in the spw ial proceedings therein pending, en titled "J. F. Flanagan against Ella Bowers and others," the undersigned commissioner will, on the 9th day of November, 1929, at 12 o'clock noon, at the courthouse door of Martin County, in Williamston, North Carolina, oflfer at public auction, to the highest bid der, for cash, the following described tract of land, to wit' Bounded on the north by the lands of William Brown and wife, Laura Brown, on the east by the lands of the Burnett heirs and Charlie Flanagan, on the south by the lands of Charlie Flan agan, on the west by the lands of John Moore, Charlie Flanagan and the Hitch land, containing one hundred acres, more or less, and being the premises cotpmonly known as the John Rogers home place. This the Sth day of October 1929. A. R. DUNNING 08 4tw Commissioner. NOTICE Under and by virtue of a judgment of the superior court of Martin County in an action entitled "D. G. Matthews vs. William Sykes," the undersigned commissioner will, on the 4th day of November, 1929, at 12 o'clock noon, in front of the courthouse door of Mar tin County, offer for sale, after due ad vertisement, to the highest bidder, for cash, the following described property: A lot in the town of Hamilton, N. C, adjoining Odd Fellows Lodge. Moses Giiliam, a street, and being the same lot listed for taxes by William Sykes. This 28th day of September, 1929. B. A. CRITCHER, ol 4tw Commissioner. NOTICE OF SALE Under and by virtue of the powers contained in a certain deed of trust executed by J. W. Wynn and wife, Ella Mae Wynn, to the undersigned trustee for J. S. Ayers & Company, which deed of trust is dated August | 27, 1921, and is of record in the pub- ' lie registry of Martin County in book r J-l, at page 438, default having been . made in the payments therein secured, the undersigned will on the Uth day 1 of November, 1929, at 12 o'clock m., I expose for sale, at the courthouse door, ! in Williamston, N. C., the following described real estate, to wit: JJein^^h^^foal^Bullocl^iorn^)lace TRY THIS Better Rtraor ••• R^R rmea aa thick to prevent crackingl •••curved to fit your safety! ••-oil tempered for more shaves! -•-hollow ground for sharper edge! Just like fitting' a section of the finest barber's razor into your safety! . jits - toe Package of Notched and ' curved to fit typ« of safety razor WADE & BUTCH ER ®»)»» SPECIAL » + Curved Blades A Product of WADE & BUTCHER Hmkmrt mi Hm» SAmfiUU CutUry, Cmrv r. and Razor, For Oomr 200 Kaara Sold by Clark's Drug Stor PAGE FIVE and bounded as follows: On the north by Augustus Clark, on the west by B I F. VVyiin land, on the south by A. E. (Taylor land, and on the east by L. S. .Thomas land and containing 20 acres. | more or less. - v | Terms of sale: Cash. I This the 10th Jay of October, 1929. C. B. REDDICK, j ol J 4tW Trustee. Jos. W. Bailey, attorney.
The Enterprise (Williamston, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 22, 1929, edition 1
5
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