hitlift UuH Jl J. C. THOMPSON. - Vice-President Branch Banking & Trust Co. . -ti': -t Reflecting the .increased costs of . producing crops and the availabil- ity of more farni equipment, the r , volume of bank credit used by , , "North Carolina farmers is current- : ly higher than it was a year ago, According to J. C. Thnmnsnn ViA- Wi..... President of the Branch Banking .. .. - ana Trust company, who represents the North Carolina Bankers As sociation as Duplin County Key - Banker. i -v , - ,i "However, North Carolina farm ' ; families are probably in the strong - . est , financial position that they . x .have ever been," Mr. Thompson . said. "Continuing high farm in- - comes make it possible to finance operation out of income and when credit is used, it is retired when crops are sold." ; , ; : Reporting on the results of a ! ..; third national survey of bank lend ing made by the Agricultural Com ?:. mission of the'American Bankers . ; Association, Mr: Thompson slid ' ' thdt North Carolina Farmers used . . janly a fraction of the bank credit . " available fb them during 1946. v During 1946, loans on farm real . estate in . North Carolina increased slightly. There were 6,731 farm ... mortgages made for a total amount - - - bf $15,683,000; and $15,046,000 of : ' this volume remained outstanding wmfi 'Iltltlrrrlllr'llrirtifr'IrnlrJm Dummy's Si : IN KEIJAIISVILLE - , ...... DUPLIN MERCANTILE COMPANY Has THEM DAILY FRESH FROM THE FARM Why Not A Philco Home Freezer Unit For Your Home? : It's Just 7hat You Farmers Heed, And It's Hot Expensive. C SEE US TODAY W Iff Dlik) UtitiriLilij liiii buaaiir on January 1, 1947. The farm mort gage debt is higher than it was a year ago, although it still remains only about one-half of the volume that existed in the comparable per iod following World War I. Farm production loans classed as "other, loans to farmers" Were made to 67,883 farmers by North Carolina banks during 1946, xrt -an aggre gate amount of $49,2 5,000. of this amount, only $8,213,000 ' was out standing on January 1 of this year. The production loans averaged only $725eah. The farmers' short term ucbt position is favorable; ana al though they borrowed more money last year, they paid back a larger percentage of the total borrowed, Another favorable factor in the pres ent situation is that the farmers own ' substantial savings in cash, bank deposits, and United States Bonds. 1 i i ' , A possible source of danger lies in the trend towards tne mgner post ' olf equipment and improve ments which may reach a point where these purchases cannot be financed out of current income. "Another factor in the North Carolina agricultural picture which bankers ure' watching carefully is the. price of farm lands. Based on 1912-14 averages at 100, tne ave rage farm, land prices of the state on March 1, 1947.. reached 310, compared with 223 at the peak of the land boom in 1920. During the past year, the increase has been 16 per cent. --'' "The North Carolina Bankers Association and the ' Agricultural Commission of the . American Bankers Association are working together to help keep farmers of our state in a sound financial pe tition. We are vrging our customers to limit their farm indebtedness tr an amount which can be paid from normal" farm incomes, figured from the long term-average prices of farm products. We recognize the unusual character of farm Income and the farm land price situation at the present time, and as bankers we arc pledged to discourage bor rowing to speculate on farm land or borrowing to buy land at high prices which are not justified by long term Income prospects," Mr. Thompson said. J'We are ; encour aging North Carolina farmers to round out and diversify- their pro duction and to conserve ar.d build 7 .mm "' up the productivity of their, soil, Another important part ? of this program Js concerned with the edu cation of farm youth through acti vities such as the 4-H Clubs and Future Farmers." - " ADMINISTRATOR'S NOTICE . , " TO CREDITORS NORTH CAROLINA , - , DUPLIN COUNTY Having qualified as administrat or of the estate of Mrs. Katie Veach Middleton, deceased late of Duplin County, North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at Warsaw, N. C, on or before the 27th day of June, 1948, or this no- tice will be pleaded In bar of their f Mtiiil hi ( - Uuj yuiLyiyjii ' llll-llJ. Tnr illVirirr rMl'-1r . ri.rn. i, m imflHW . II J !, ' ., . ' , ' It's the Tire Quality you want, with the. Car Service you want! . sp Tough, Dependable guaranteed by the makers of Mobilgas You . ;. .... J, V ..7 for your family Long, Trouble-Free Mileage! No other Tire has made so many friends so fasti Come in and get (your Mobil llrea right where we give your car complete Mobil-Care. We offer quality products and ser- . vices fox every vital car .part to reduce wear, repair expense .... . ' . . . ... v . -1. see m R bMc Warsaw, North mm. recovery. All persons indebted to said estate will please make Imme diate payment. '-' . This 21st day-of June, 1947. . H. M. Middleton, Adminl strator of Mrs. Katie Veach Middleton. 8-l-6t HDM , - NOTICE OF ADMINISTRATION Having this day 'qualified as ad ministrator of the estate of Will Hicks, Deceased, notice Is hereby given to" all persons having claims' against said estate to file them with the undersigned administra tor within one year from the date hereof or this notice will be pleaded in bar of any right of recovery, All persons indebted to said es- tate will please make immediate and Mobiloil! got Extra Safety make driving saier ana more run. urne in uxiayi r i . . j r 1 1 f i m mi mi . - At tkz settlement - " ; ' This 4tlt day of July, 1947. ' Helen Hicks, Administ: aloi of the estate of Will Hicks, Deceased. , Robert L, West, Attorney y 8-8-6t. RLW NOTICE OF EXECUTORSHIP The undersigned, having quali fied as Executor of the Last WiU and Testament of I. T. Bishop, de ceased, late of Duplin County, Glis- son Township, and having qualified before the Clerk of Superior Court of Duplin County, on the 20th day of June, 1947, this is to notify all persons who have claims against said estate to present-their claims to the undersigned Executor, or Ills Attorney, on or before the 20th Mobil Tires :. . 11 yfTv O II 05 11 vo.s Carolina cmrfbF friendly : sen tics dav of June, 1948, or tola notice v -1 1, j plead in bar to their recov ery. All persons who are indebted to said estate will please make im mediate payment. This the 20th day of June, 1947. ' R. A. Bishop, Executor of the last WU1 and Tesla meiit of I. T. Bishop, de v ceased, Route- 2, Mount Olive, N. C. H. E. Phillips, Attorney, Kenansville, N. C. 8-l-6t. HEP ADMINISTRATORS NTICE Having this day qualified as ad ministrator of the estate of Ida Thomas, ate of Duplin County, North Carolina, this is to notify M-- Air- 0f0tfj Jl i ' 't ' s4-i i r i I , ' '7 .' S ' '" : 1 .f ; i- i I Mobilcios 50C0NY-VACUUM ill persons , having claims agal said estate to present them to t j undersigned duly verified on or L -for one year , from date of Uat publication of this notice or tfcis notice will be plead in bar of thf c recovery. All persons indebted ts said estate will please make imme diate settlement ; This the 11th day of June, 1947. Clarence Thomas, Administrator Ida Thomas estate. - .". H. E. Phillips, Attorney. 7-25-6t HEP ' . . . : . Of 188,500,000 tons- of woodcut in the United States each year for lumber, pulp and paper and other commercial products, ; 108,900,003 tons, or 51 percent, is wasted er burned for fuel. I 1 ' I. i