Newspapers / The Enterprise (Williamston, N.C.) / June 5, 1934, edition 1 / Page 4
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AGENCY LOWERS INTEREST RATES TO FIVE PERCENT New Interest Rate Is Not To Effect Loans Made In Full Already * J. E. Hall, secretary ml treasurer of the Washington Production Credit ?Mociation has just received word from Governor W. I. Myers of the Farm Credit administration in Wash ington, D. C., that the interest rate on new loans from production credit associations has been reduced from 5 1-2 to 5 percent. According to Mr. Hull the new 5 percent interest rate becomes effec tive immediately on all new loans and advances made by the association and will be applicable until further notice. "The new interest rate of 5 percent will not affect loans already advanced in full," Mr. Hull said. "These will continue to bear the rate of interest prevailing at the time the loan was closed. The interest -charges on loans from the association are collect ed when?r+TT?loans?mature The Washington a>sociation i> now mak ing loans on acceptable crop and chattel security to farmers in Beau fort, Hyde, Martin, Tyrrell and Washington counties. "The reduction of the interest to 5 percent on new loans/' Mr. Hull continued, " is made possible l>y a recent sale of Federal intermediate credit hank debentures to investors at an unusually low rate of interest. The association gets money to lend fanmiFu from the?Frdrral intermed iate credit bank of Columbia, S. C. "The lowering of the interest rate on new loans to 5 percent is the sec ond reduction in two months, the rate having been reduced from 6 to 5 1-2 ' percent on March 16. 44According to Governor Myers," said Mr. Hull, the Federal intermed iate credit bank is passing on im mediately to farmer-borrowers from production credit associations the sav ing made possible by lower cost of getting money. The confidence of investors in the security of tHe inter 1 mediate credit banks has been such i that the banks are able to get money | to lend at the lowest discount rate J in their history. Governor Myers sayi that the resulting low rate of in ' teres! on production credit?associa f rowers to save thousands of dollars juii the lust e?f their farming opera* J tions this year. If the associations make sound loans, and loans that are 'collectible, an adequate supply of low 'cost money will continue to be avail I able." The Second Bill She knows she paid the first one, but proof is lacking because she paid in cash, and the receipt has been mislaid or lost. Had she paid by check she would have had a conclusive receipt in the cancelled check itself. Everyone should have two bank accounts ... a Checking account for disbursements and a Savings Account for reserve funds. May we serve you? Branch Banking & Trust Company WILLIAMSTON, N. C. SOUND BANKING AND TRUST SERVICE FOR EASTERN CAROLINA GYPSUM IS NOT ALWAYS NEEDED ON PEANUT CROP Land Plaster Is Needed in Some Cases; in Others Total Waste ? The almost universal practice of ap plying calcium sulphate or the so called gypsum or land plaster to pea nut foliage is not always justified. This is the opinion of Dr. H. B Mann, fertility agronomist for (Im North Carolina Experiment Station who says, "On "soils that hav^" not been recently limed and are low ir calcium, the use of gypsum on th? foliage at blooming time, or of lime before planting, is necessary before a satisfactory crop of peanuts can be produced. "However, on soils that have beer heavily limed, high yields of gooe! quality peanuts can be secured with out the use of either lime or gypsum/ Dr. Mann supports his opinion with runlet rfi an experiment conduct ed on two sandy loam soils of the samc senesr In one test,~thc soil had never been limed and was acid. The other soil had been heavily limed and jwas nearly neutral. On the first, 01 'acid, soil, without any treatment, the field of peanuts was 640 pounds tc I the acre with a shelling percentage ol | 41 per cent. Most of the nuts wer< ' either "pops" or had shriveled ker nels. The second soil, which wai neutral, without any further lime 01 I gypsum treatment, produced 1,50^ I pounds of peanuts per acre with a ' shelling percentage of 75 per cent I There were few ''pops" or shriveled [ kernels in the lot. j vWhen 400 pounds of gypsum per acre was applied to the peanut foliage I on the first, or acid, soil, the yield went up t.o 800 pounds of peanuts per [acre, with a shelling percentage of 65 ! per cent. The same amount of gyp I sum applied to the second, or neutral, | soil did not increase cither the yield or the shelling percentage. WantS FOR SALE: SOJA BEANS, SEV j eraL varieties. See Bowen Bros, Williamston, N, C. my-15 tf PIANO: A FINE PIANO NEAR here is being returned to us because of purchaser^^Jij^^b^.lo continue 1 contract: Wiu- transfer this piano to responsible party for balance owing. Cash or terms. Quick action neces sary. Address Lee Piano Co., Lynch burg, Va. | my29 3t DR. W. C. MERCER DENTIST I Anounces the opening of the office formerly occupicd-by Dr. P. B, Cone 'for the practice of dentistry. DU 6ARKY SKIN OilO FRESHENED ? 1.C0I1.75-tJ.SO By HUDNUT Davis Pharmacy \i; T T T T A IICTAVI U SINCLAIR DEALERS RUN BOOTLEGGERS OUT Sinclair doalort havo run tho motor oil bootioggor out of tovtn. Thoy'vo outwittod him by tolling Sinclair Opalino and Sinclair Ponncylvania Motor Oilt in Tampor-Proof cant AT NO EXTRA PRICE. That# cant aro flllod at Sinclair roAnoriot and oponod boforo your oyot ? an air tight guarantor againtt tubttitu Hon. Buy Sinclair motor oilt in Tampor-Proof cant. Sinclair 'N'AI.IM IIIR 11 I I NO EXTKA IH4 to StmUr M*., Umpm, )1?.) Agent Sinclair R Wining Company (Inc.) W. L SKINNER, Agent ROADSIDE MARTS URGED BY KNAPP Is Potential Source of Con siderable Profit for Many Farmers a in ttjwusiu* source of considerable profit to farm ers who are situated so they can take advantage of it, points out Dr. Joseph G. Knapp. associate agricultural econ omist at State College. North Carolina farmers, he said, would do well to follow in the foot [ steps of growers in Massachusetts and New Jersej^ where roadside market ing has been developed to a high de gree and associations formed to in sure the public of quality produce and full weights and measures. Next in importance to high grade i produce and honest measures are at I! tractive markets and courteous and | intelligent service. The public likes * i to stop at inviting places, but passes i by those which look shoddy and un businesslike. Take a tip from the experience of filling stations, Dr. Knapp advises. Ob I i?m?how iht modern, high-cuss places get the business, while the , i''joints" gradually go into bankruptcy. > | The locatibn of a roadside market [ is also important. It should be con .'for some distance in both directions, s' Motorists traveling fast are not in ? clined to jam on their brakes and stop ijat a place that flashes suddenly into 1 view. The top of a hill or the outside of | a mild rnrve liavp the advantage of 'getting the driver's attention while he has slowed down. The best lo cation, however, is undoubtedly a 'straight road. The right side of the jroad going into town is alto best, for more produce is purchased by people | returning to the'" city than by those leaving it. Plenty of good parking space is al so essential. Some attractive flowers or natural foliage will enhance the appearance of a market place. An in expensive but attractive stand can be ( built for a few dollars. Sometimes a few display racks under a shade trade I will suffice. i Signs several hundred feet or more [ down, the road on each side of, Jhe | market will help draw attention. * A few words are best, such as ''fresh ' fruits and vegetables for sale," or "Sunshine Koad Market just ahead." landlords not TO BLAME FOR TENANT PLIGHT ?* Share Tenants Economic Situation Is Farm from Being Satisfactory The attempt to fix the blame on the landlords for share croppers and share tenants having to receive feder al and state aid is rather far-fetched in the opinion <>f Dr. <i. W. Forster, head of the department of Agricultur al Economics at State College. Dr. Forester has studied the situa tion in rather full detail and while he admits that the share tenant's eco nomic situation is far from satisfac tory and probably always has been, stilt his income fluctuated with the changes in income from agriculture. "When agriculture was in a fairly* prosperous condition, the share crop per and share tenant participated with the landlords in these prosper ous conditions," Dr. Forester said. "Perhaps tenants did not share to the full extent that they should have, but they participated. In 1928, we studied 230 share tenants in east | ern Carolina and that yUr, the crop- i t per's share of the cash receipt* was j j $1,010?Aft?r deducting his slime uf j the farm expenses including the high j interest rates for capital advanced, his net return averaged $766. The value of the labor of his family was estimated to be worth $271 which left him a wage of $495." Dr. Forester points out also thai the tenant secured tome $170 worth of food, fuel and the like from the owner's farm. In that year, cottot l^nd tobacco sold for an average of a bout 18 cents a pound. Then came the slump and the in come of both landlords and tenants shrunk due to the rapidly lowerin( prices of all farm products. The largi part of the difficulty was the failurt of industry to pay adequate prices fo farm products. This was seen in tin case of tobacco. While the price o tobacco wis declining 71 percent, Tin net income of the three big tobacci manufacturing companies advance* from over 49 million dollars to abou 106 million dollars, Forster laid. Salvages Timber From Damaged Woodlands A Fortyth farmer haa salvaged 25 "00 feet bf timber and over 50 cord of fire wood from his woodland dan aged by the late sleet storm hut wli ter. Soil Fertility Increases' Alter Korean Lespedeza Wheat grown on the same Ian with Korean leapedeza since 19. continues to make excellent growl for P. M Krimminger of Cabarrai County. The soil apparently has ii creased in fertility. CLEAN BROODER HOUSE TO INSURE HEALTHY CHICKS State College Specialist Points Out Advantages To Growers?? ? The greatest chick losses occur dur ing the brooding period, which makes it necessary to clean the house thor oughly before the chicks "kre placed in it "To go about having a sanitary brooder house, the poultryman should first scrape all the old manure and dirt from the lower side walls and floor of the house and clean the wa ter containers, mash hoppers, and oth er equipment used in the house," de clares H. C. Gauger, associate profes sor in the poultry department at State College. After this thorough mechan ical cleansing has been done, the low er side walls, floor, water containers, feeding equipment, brooder stove and icanopy should be scrubbed with a lye Solution made by dissolving one pound of lye in 10 gallons of hot wa ter. A stiff bristle broom may be Jlicd to apply the solution. This lye mixture will not only further cleanse the house, but it also has germ-killing 'power. Where the poultryman has a fire gun, he may use this instead of the lye solution." After the brooder house has been thoroughly cleaned, it must be cleaned again at intervals during the brood ing period. If the house has a dirt floor, remove the top few inches and replace it with clean dry soil, sand or gruruL ?Mr. Gauger also advises?tha use of wire frames on which to place the feeders and water containers. The house needs to be free from drafts and if it is movable, it is well to take it to a new location after cleansing Do not crowd the chicks in the house, Gauger says. About six square inches of floor space per chick is nec essary for good health. ? ? U VHiK 3UUU K.IMUWIM PLANT DISEASES DCCUR IN STATE Fortunately All Do Not Come At Same Place Or At Same Time ?* College Station, Raleigh. ? More :han 3,000 known plant diseases occur n North Carolina, says R. F. Poole, dant pathologist at State College. . Fortunately, he said, the diseases lo not come at the same time or the same place, ejse all vegetation would AN APPRECIATION I wish to express my thanks to the >eople of Martin County for the vote riven me in the primary of Saturday, lune 2, and to announce that I will Tiler"the face in the second primary o be held on June 30. If nominated and elected to the of icc of. clerk of court, I shall do 'niys ?est to serve the people of the coun y honestly, efficiently and faithfully. Very Respectfully, L. BRUCE WYNNE. : probably be wiped out Half of the diseases, under favorable condition! | to the disease, will do serious damage Fnngi and bacteria, mice, rabbits, red spider, nematode, hail, drought, ! deficiency of nutriments, and toxic chemicals are predonnnating causes ! of the diseases. Soils which are de ficient in important elements should ; be treated with chemicals to sipply the needed ingredients. Light cholorotic or red leaves indi cate magnesium deficiency, yello leaves indicate sulphur and nitrogen deficiency, light cholortic yellowing on upper leaves indicates maganese1 deficiency, brown dead margins on leaves indicate potash deficiency, the breaking down of buds and leaf tips indicates calcium deficiency. In fighting disease, it is well to fer tilize with all the elements necessary for plant food and use only certified i seed or seed known to be disease free. When a soil is known to have disease; ! organisms affecting certain plants,s ! grow only those crops not affected' by that disease. Economical measures for destroy-! ng toil organism* in targe MM* ??*? lot been perfected, bat small unoaot* if soil for plant bed*, green home*. >r pot* can be sttnlwsd prsrtirillj ind efficiently with lt?m Born in* irush over the bed* will also kill oat irganum* and weed seed*. Tomato, pepper, cabbage, and onion >eds especially need sterilization. NOTICE OF* APPRECIATION I wish to take this method of pub icly thanking my many friends hroughout th ecounty for their volun ary and loyal support given me at he polls in the recent primary, and o express my heart-felt thanks and incere appreciation for the way in vhich they rallied to my assistance. 1 wish to say now that I feel more teenly the value of my friends in Mar in County and desire' to express my ppreciation in advance for any sup >ort accorded me in the second pri tiary to be held on Saturday, June 30, 934. JOHN D. LILLEY. Chevrolet CARS AND TRUCKS Reduced From CHEVROLET TRUCK, ton and 4 pa half, long wheelbase, with dual ~~ J wheels, reduced from $768 to CHEVROLET TRUCK, ton and $ ?> * half, short wheelbase, with dual wheels, reduced from $735 to $ MASTER Chevrolet COACH, Reduced from $721.65 to 685 CHEVROLET SEDAN, Reduced from 783.60 to STANDARD COACH, Reduced from $613.40 to $747 $587 ROANOKE CHEVROLET CO. WILLIAMSTON, N. C. Better ditch Old Tires before they ditch you! Hot roada "Blow"W?k Tlroo Sensational NEW GOODYEAR ALL - WEATHER If you've escaped trouble so far on thin old tires, thank your lucky stars?and have us put on new Good years!?blowout protected by patented Supertwist Cord in every ply. Let us show you why the public buys MIL LIONS more Goodyears than any other tire. Try our real tire service! TW? PuUc'i FIRST-Ckwc??f*r 1* y*ar< 42% More Non-Skid Mileage ... Flatter Wider Tread . . . More Non-Skid Blocks... Wider Riding Ribs . . . More & Toufeher Rubber (average of 2 pounds more per tire) at NO EXTRA COST I OOODYBAR SPBBD WAY A Big Value For Ultlt Money QOODYIAR Tha Quality Tlra Tjja Raach Of Central Service Station WILLIAMSTON, N. C.
The Enterprise (Williamston, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 5, 1934, edition 1
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