Newspapers / The Roanoke Beacon and … / Jan. 16, 1941, edition 1 / Page 3
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HALF OF COMMERCIAL BANKS IN STATE DURING PAST SIX MONTHS OF 1940 LOANED TOTAL $269,929,408 Business Firms and Indi viduals Included Among the 277,000 Borrowers New York.—Fifty-four per cent of North Carolina’s commercial banks made more than 277.000 loans total ing $269,000,000 to business firms and individuals throughout the state dur ing the first six months of 1940. ac cording to the semi-annual survey of | bank lending activity made by the i American Bankers Association. The A B. A. loan survey was par j ticipated in by 106 North Carolina j banks, or 54.1 per cent of the 196 commercial banks in the state. These 106 banks reported that they ; made between January 1 and June 30. 1940: 121.60 new loans totaling $88,878. 188: 151.908 renewals of loans total ling $17,514,622: 3.722 new mortgage Beautiful Rugs! Make Your Home More Cozy More Lovely and More Comfy With These Beautiful Inexpensive RUGS >. t 9C'ZS*&k We Have a Wide Variety of Rugs And You Can Gel Your Choice in Color, Fabric, Style and Price... M. H. Mitchell FURNITURE COMPANY Corner Water & Jefferson Sts. Phone 320-6 Homeand club News By Mrs. Mary F. Darden Schedule I Monday; County Bridge. Tuesday; Pleasant Grove. Wednesday; Swain. Thursday: Leaders School. Friday: Alba. Leaders School A letter was received from Mr. Har ris, landscape specialist, that the Leaders' School would be held Thurs day January 23 instead of the 22nd. This meeting will begin at 2 o'clock. Women and men are urged to be present. The ten yards that have been selected to be improved this year will be given special emphasis and th men and women of this particular project are requested to be present for the meeting. loans totaling $6,536,668. A total of 277.230 loans totaling $^69,929,408. The survey showed that business firms in the state used only 42 per cent of the ‘-confirmed open lines of credit' maintained for their use on the books of banks. A total of 30 banks in the larger centers of the state reported that they carried on their books $11,081,000 in “open lines of credit" offered to and kept avail able for regular borrowers for use as needed by them. Of this amount $4,731,308 or 42.7 per cent was used. The average number of new loans made per bank during the six months period under review was 1.147 and the average size of loan was $731. The average number of loans re newed per bank was 1.433 and the average renewal was for $1,149. The average number of new mort gage loans made per bank was 35 and the average new mortgage made was for $1,756. The North Carolina survey was part of a national survey of bank landing activity made by the Ameri can Bankers Association. For the country as a whole 6,203 banks, or 43.3 per cent of the nation's commer cial banks reported that they made between January 1 and June 30. 1940: 7.331.097 new loans totaling $12 - 253.628.581: 6,134.178 renewals of loans totaling $8,246,301,835: 177.398 new mortgage loans totaling $453, 653.612. A total of 13.642.673 loans totaling $20,953,584,028. This is a total of 13.642,673 credit transactions amounting to $20,953, 584,028, reported for the first half of the year by less than half the coun Itry's banks. CANNED -® Of Florida’s 1939-40 grapefruit and orange harvest, more than 13,000.000 field boxes, almost a third of the crop, went into cans, reports the State Citrus Commission. _ I * YOU SAVE MONEY ON ANY SELECTION ___, __ ___ “S CLUB No. 1 McCall's Magazine. I yr. Pathfinder (weekly). 1 yr. American Poultry Journal. 1 yr. Farm Journal-Farmer's Wife. .. I yr. Comfort. ' Yr Progressive Farmer.2 yrs. This Newspaper. ' Yr ALL SEVEN FOR ONLY $2-50 CLUB No. 2 American Magazine. 1 Yr McCall’s Magazine. 1 Yr Pathfinder (weekly). * Yr Southern Agriculturist. 1 Yr This Newspaper. 1 Yr ALL FIVE FOR ONLY 1 IW us»® rU^u/n — Both <or Pr,ce ^r°OneVear Magazines are tor .— _ n Amer‘can ' .--" r 1 Child l'>eH a'.d --.. U Ch«}J*?“ KeeWy . i i Colli Tiiaest , wile D » W . 6 EP&yssK-^ - D K“nUw (weekly) '-"I. Libelniqest . Q WG^^OQjnanceB - Q Modern MaqazVne - □ Ncxlute Maq«tl,tnan -- l 1 ”a“° Road (Boys'.2— I ) Open no Maqaz>ne . Q Po'OO f Meohcmics .~ D po.p“' PhotoqraphY ---- i 1 Prize r» wjqarino - b Pcdnc°eklUus»ated - 8 ST— (3 Your hire — □ K ou -- $2.00 2.25 3.00 2.00 3.00 2.30 2.50 " 3.00 1.63 ’ 2.30 2.30 : i.75 1.75 '— 2.50 —3.45 - 2.00 3*4S -~ 1.75 -2.00 - 2.50 —3.00 - 2.25 — 3.00 -*' 3.45 —. 2.00 - 2.00 -— 2.00 -—-2.25 -3.45 -- 3.45 2.95 i ur \ FOB H\\$ HnnsW®1,' * \ $9^ m4 n« gboub *: a* ....-m- ‘ i it w* i Tiu. »oinf“ "... -- '".-- 1 y0Ot , Fact Diqe*1 "____ n __ Q ^mer>an Girt --JT O Rm®I'^ Maqaiin® ... assrAswiiff^ vissss-r"^ 'te&st^sz^ y, is;'&£?“' ....••'> »**•■•'“ n Hou*»Boldi ^“edi«ciaB . H palhtind®* , ._— Steaf(snuss=^S:. g cap*Fl.c“* S5TSU ^oduc*’ . • Vjj H Mattooal «* ltmaii • _. .* *,a” g P?o9I#*“v^q,ricuB“ri*1 , i Ma9a,4°* _ 1 l,ax □ so^’^obomp *-*»* ^rr- \;:s a Co^Una^^ ' Wi‘^ \ $S n l-0’*1?!?-. Gax0"0 .. Q B,,,d I.iv. Farm0' ptoqt0»*,v* 1 i y0Ot 8 mo** 8 mo** 1 Y*ar \ y*" — 1 y«at i y*ar - 0 mo** ' i y0at 1 y.ax 1 y.ar 26 ixxu00 i y0aI ' 1 y0Ot ' l y0at - 1 y.ar - 1 y0at ~ y y»OT I I I I FILL OUT COUPON ■ MAIL TODAY | Gentlemen: I enclose $- I am enclosing the I offer desired with a year’s subscription to your paper. | NAME ST. OR _ ...R, F. D. POSTOFFICE_ QhaU' ikii. COUPON TODAY.. 'a^uuA not LiStuL r BOTH THESE CLOUDS MEAN DEFENSE Clouds arise as North Carolina farmers increase the fertility of their , fields by treating them with lime. Clouds arise as American soldiers in crease their skill through artillery practice. Both fertile soil and skilled gunners are vital to the Nation's defense. In 1940 farmers of North Car olina were furnished 230,000 tons of ground agricultural limestone thru the AAA grant-of-aid program. They bought and applied many more thousands of tons of lime through private purchases. In 1939 North Carolina farmers applied 159,040 tons of lime; in 1938 they used 144, 396 tons, according to reports of county farm agents of the State Col lege Extension Service. €XT€fcl$£©iy W&S1I4 I__ Mr. E. E. Chesson representing the Production Credit Association will be at the Agriculture Building in Plym outh on January 29th for the purpose of taking applications for Production Credit Loans. Mr. Chesson has been accepting applications for several years and will continue to take these in Plymouth each Wednesday until March 5th. Applications for new Cotton Grow er's allotments may be made at the County Office until February 15th. 1941. Mr. Roy Hearne, representing the Emergency Seed and Feed Loan was in the office this week and stated that old rules and regulations off so far as seed loans were concerned, on ac count of the Natinonal Defense Pro gram. Seed and Feed loans will be made speedily and the amount of money available is unlimited. The old set-up will be used again this year and applications may be made with Miss Martha Hornthal at Roy Hamp ton's office on Water Street. Farmers have been bringing in quantities of tobacco seed for clean ing. Very few of our farmers are treating tobacco seed. This must a result of the old wet formula. Most certified seed are now treated by the dust formula. Cer tified treated seed are recommended and this kind of seed may be secur ed locally. Potato growers should be especial ly interested in a potato meeting in Elizabeth City at 2:30 o’clock on Jan uary 17th. At this time Mr. E. A. Mercker of the United States Depart ment of Agriculture and Mr. R. B. Etheridge of the North Carolina De partment of Agriculture will be there to discuss the potato outlook for 1941. Farmers intending to plant early irish potatoes could profitably afford to attend this meeting. We are holding a horse and mule Watts WILLIAMSTON Thur.-Fri. Jan. 16-17 HENRY FONDA and DOROTHY LAMOUR in “Chad Hanna” Sat., Jan. 18 1 to 11 P. M. DON "RED” BARRY in WYOMING WILDCAT Sun., Jan. 19 3 & 9 P. M. GORDON ELLIOTT in “hi Early Arizona” Also LAUREL & HARDY in “SAPS AT SEA” Mon.-Tues. Jan. 20-21 CLARK GABLE and HEDY LAMARR in “COMRADE X” Wed., Jan. 22 Mat. 3:30 Rav CORRIGAN, John KING, Max TERHUNE in “Trail of the Silver Spurs’' Thur.-Fri. Jan. 23-24 JACK BENNY AND FRED ALLEN in “Love Tliy JSeifthbor" Marco - Williamston Fri.-Sat. Jan LLOYD NOLAN in “CHARTER PILOT" Also DENNIS O’KEEFE in “BOWERY BOY” clinic in four different places in the county on the 21st and 22nd of Janu aiy. On Tuesday morning. Dr. A. J. Osteen, licensed veterinarian and Mr. Sam L. Williams, Extension Work specialist will be at Joe Shugar's sta bles in Plymouth until noon. On the afternon of January 21st they will be at Roper at Len Brey's stables. On the morning of the 22nd, they will be at the blacksmith's shop in Cres well until noon and after noon will be at Harry Barnes' store in Cher ry. The purpose of this clinic is to offer free consultation and advice by a licensed veterinarian. Our farmers will not be charged for anything ex cept medicine used and surgicial ope rations and these charges will be reasonable. The diagnosis is free. Treatment will be given horses and mules for Botts and worms. Horses teeth will be extracted, clipped or floated. Stock that is to be given treatment for worms should not be I fed after noon the previous day and I should have no water on the day the j treatment is to be administered. On January 23rd at the Agriculture Building in Plymouth a Farm Man agement specialist from State College Extension Service. Mr. James is an authority on farm management prob lems and any who can spare the time should arrange to be present at this time. Frida . January 24th at two o'clock in the afternoon a Tobacco School will be held in the Agriculture build ing in P.-mouth. This meeting should be interesting and helpful for ali tobacco growers. Various phases of tobacco production, curing and marketing as well as fertilizer prob lems will be discussed. Leaders will j be Mr J. O. Rowell. Extension Ento moloe: • Mr. Howard A. Garriss. Ex tension Plant Pathologist and Mr. L. T. Weeks, our Tobacco Specialist. HIGHER -<S> . ■■ Per acre yields of cotton in North ampton County appear to be higher this year than in the past several years, says H. G. Snipes, assistant farm agent of the State College Ex tension Service Jo Relieve Misery of tale' IQUID. TA3I £T5. SALVE ^-winter BEAN SALE Sultana Reel Kidney BEAKS 3 S 17= Pea or Pmto Dried BEAKS « 5= Iona Lima e:a?:s 3 17= SYRUP FLOUR Ann Page Blender! Sunnyfield High Quality 2 'is 25c 24 & 79c Ts1 9c \ -If 25c— LAVA SOAP »« 6c IVORY SHOW CAMAY S0AP< bar 25c-IVORY FLAKES 9 23c OXYDOL 3 s”?a“ 25c CRISCO 3 *£? 21c— SELOX 2 25c P*B 1-lb. 50c Mild & Mellow Coffee 18-Oz. Pullman 3 2 Lb. Bag Loaves 37c 15c 8 O’CLOCK A&P BREAD Small Sized Corned HANS lb. 19c Sunnyfield Sugar-Cured HAMS, 8-10 lb. av'ge lb. 21c Smithheld Smoked BACON lb. 15c Small, Tender PICNICS lb. 17c Nice Size Florida GRAPEFRUIT 2 lor 5c Sweet and Juicy ORANGES doz. 10c Fancy Winesap APPLES.4 lbs. 17c Fresh Assortment Lettuce, Celery, Tomatoes, Radishes, Carrots, Peppers and Cucumbers! A&P FOOD STORES OWNED AND OPERATED BY THE feREAT ATLANTIC & PACIFIC TCA CO AND SEE HOW MUCH MORE YOU GET! lOO-HORSEPOWER 6-CYLINDER ECONO-MASTER ENCINE • 119 INCH WHEELBASE • BIGGER. ROOMIER FISHER BODY • NEW INTERIOR LUXURY 4 COIL SPRING RHYTHMIC RIDE-FAMOUS OLDS QUALITY THROUGHOUT: OW you can step right up into l\| the fine-car class at a price well within your budget! Just compare tie luxe models of lowest priced cars with the beautiful big Olds Special. You’ll find but little difference in price. And you’ll find that Olds gives you operating econ omy that compares with the best! ALSO AVAILABLE WITH HYDRA.-MATIC DRIVE!* Drive without a clutch! Drive without shifting gears! Try an Olds with Hydra-Matic Drive —it’s motoring's newest thrill! ★ Optional at Extra Coat OLDSMOBIlE HOUSE CHEVROLET CO., INC.
The Roanoke Beacon and Washington County News (Plymouth, N.C.)
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Jan. 16, 1941, edition 1
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