Newspapers / The News-Journal (Raeford, N.C.) / Sept. 18, 1947, edition 1 / Page 4
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, ’*’ i‘- '’\ '“ * ’ ’ ^ ■.' > :-, f *•■ ■ -.I : .~:^f'-'':■ I'-.-'r ; ■• " ■ •*C- ■ ?t-y.-lfi-,’^”: The New^Journal Published Every Thursday at Raelb^d, N. C. - Subscription Rates./ S2.0e per year in advance PAUL DICKSfON Editor and Publisher Entered as_ second-class mail matter at the^ post office at Raeford. N. C.. under tire Act of March 3, 1870. Marketing News Released By Agriculture Dept, T Socialism Is Inefficient According to some of the best-informed authorities on Eng land,'the present crisis has been deepen^ by the insistence of the Labor governmenl. on forcing through its program ol regimentation and socialization regardless of the effect on the moral of workers and managers—and on the productive energies of the nation. ' . It is a statistical fact that every step forward for the so cialist ide'ology has been accompanied by a step backward in efficiency and output. That is the main reason why the American loan, which was suppose to last- into 1949, is nearly exhausted no\y, and will be totally gone before the “end of. this year. And that is the great fallacy underlying the theory that socialism or any other form.'of statism can cure a country’s economic ills. f The capitalist’ system, whatever its faults may be, is built on the sound principle that high productivity and a ..high standard of living accompany individual incentive. That in centive may take many forms. It may for instance, be purely economic—the man who risks his money on some^enture or the worker who does a better job is suitably rew^ded. On the other hand, there is incentive in. freedom itself—in the kind of economy in which a worker may change his job as he pleases, and a man can start a business or stop it on his own volition. Freedom is never compatible with socialist ec onomics.. Socialism must rule by dictation and, at its worst, by brute force. All enterprise becomes a function of the state— and the whole population is regarded as the ward of the state. At its^very best, socialism punishes dissenters by loss of job, fines, reduced rations, etc. At its extreme, it.^mploys the shodting post and the gallows. « • Whether England will eventually escape the terrible blight of socialism lemains tp be seen. In the meantime, she is pre senting the best of all object lessons for the United States. She is losing freedoms that stem from the Magna Carta. She is becoming more and more improverished as she sinks deep er into the gloomy morass of statism. She is, by-negation, a superlative argument for free enterprise—and for the free economic system we call capitalism. —INH. i .STOP. LOOK.AND MKSS ’FM» TOBACCO Daily price averages forstabacco sold -on Eastern . North Carolint rnarkets daring the week worked down, excepit for Monday when the Belt averaged 42,52. per hqjj'- I dred, 54 cents over the previous j week’s close. Monday's average I was the highest for the week as I compared with a low of 39.50. Daily reports indicate that a high er percentage of off-qiiality to- I ’oaccos accgunted for the declines in daily averages. A majority of the grades sold were steady or showed slight fluctuations: Deliv eries to the m^kets increased as the week progressed and total sales for. the Belt moved over the 100-million pound mark. North and South Carolina Bor der markets reported a range in daily prite averages of^from 42.8i to 40.87 during the first four mar keting days of the week. The trend was downward as the week pro gressed. Offerings continued hea-: vy and gross sales or the season moved over the 175-million-pound mark at an average o..44.07. The state’s ~mn^/Middle Belt markets, which sora Ypproxifnately 170 million pounxj^f tobacco lasf season, will begin' sales on Monday September 15. GRAIN • Grain markets . made further ^arp—gains until Friday when prices turned sharply downward. Prospects of short feed grain crops and more pressing requests from Eurorpe for relief supplies contin ued to ibe the strengthen'iing fac tors. Corn for September delivery reached a new high record at Chi cago of 2.64% per bushel, more than 31/2 times the pre-war^ aver age of 70 cents. The market, how-, ever, lost most of-this week’s ad vahce at the closing session. Ot her grains strengthened early in the week; however, the greatest, gains were in grain sorghume which advanced about 35 cents, per hundred pounds. Larger mar ketings of spring wheat pushed the week’s receipts to about a million bushels over the previous week. The latest forecast of this year’s corn crop places produc tion as the smallest since 1936. This year’s indicated crop of 2,- 404 million bushels will run ap- proxlimately 900 million bushels short of last y^^ record. COTTOIK Cotton prices were ^regular during the week. Middling 15il6 inch averaged 31.15 cents per pound at the ten markets Mon day, the low for the week, as com pared with a high of 31.79 Thurs day. The cotton market weakened j. some Friday and averaged 31.66 as jiiorhpared with 32.05 a week earlier and 36.21 a year ago. The cotton crop forecast of just over 11 noiBion, 8 hundred thou sand baleB^owed a slight increase over the August forecast. Favor able weather east of the iMississ- ippi River, offset by draught and high temperatures in the western part of the belt, left total produc tion prospects ^out-the same. The 1947 crop expQoted to be a- bout 3.2 million bales larger than last year’s small crop. > LIVES Hog prices so^ed to all-time record high dumg the week. Car ina’s c'SsH nog buying stations- ed with tops of 27.25^ 28.00 op andVclosed tfte wee^wifK Rocky paying a 28.50 top, while Pahtego, Smith- field, Lumlber'ton, Clinton, War- sa-w, Mount Olive, Fayetteville, and Florence paid 28.25. Chicago hit %rn.,all-time record high on Thiirsday of 3().50; however, on Friday, market broke from 50 to 75 cents per hundred and closed with top hogs, at mostly 29.50 to 30.00. The run of hogs at the country’s' fourteen leading markets during the five niarketing days of this week Showed an in crease of approxdtnately 42 thou sand head over the previous week’s four trading days. Cattle, except for top quality fed steers and heifors, failed to follow the trend established by hogs. Offerings at the country’s fourteen leading markets increased approximately lOO thousand head over the previous week and took the edge, off unfinished butchers. At Rocky Mount, North Caro lina, auction livestock markets, cattle receipts were heavy and prices were strong. Fat beef type cows brought 14.00 to 16.00 and canners and cutters, ffom 9.00 to 11.00. Good fat vealers showed a 22.50 to 2;3.'50 range, while good to choice butcher steers auctioned at 22.50 to 24.50. The demand foUslaughter lambs in Chicago narrow^ after Mon day’s opening trade and closed a- round 75 cents per hundred under the previous week. POULTRY AND EGGS Fryers and broilers were caughi in the swirl of advancing prices and moved up from two to three cents.per pound at Central North Carolina points. Trading at the close was li^t witn farm pay prices generally from 37 to 38 cents per pound. However, most producers in the area were holding for higher prices. Some procesi'- ing plants failed to secure ade quate supplies to meet this week’s orders. North Georgia ' reported trade conditions similar to those which^existed at 'Central North Carolina points; while in the Val ley of Virginia and at Eastern Shore points, fryers and broiler trading was very ' active with prices stronger until Friday when very few' sales were made. The upward spiral in egg prices continued throughout the week. Both New York and Chicago re ported short supplies of fresh eggs and sharply higher priices. Large and extra large white eggs whole saled in New York at 81 to 82 ^ Ibofaby- McBryde 'retted home/ after visiting relatives at Waynesboro, Vs. for the past two weeks. Mr. and Mrs. Eddie Moxdeh -will leave Saturday for-Sarnia, Ontari- o, Canada, to spend several weeks tvith Mr. Morden’s relatives. iMiSs Doris Norton left. Tuesday to re-enter ElVtC where she will be a senior this year. Mr. and Mrs. FosterMBfcBryde ^ went to Madison yesterday to take Mrs. Thomas Cardwell and daugb-' ter, who haVe been visiting in the McBj^rde home for . the past sev eral days. ' '' i iMr, and Mrs. Clarence Willis and Miss Katherine Baker visit ed Mrs. W. D.-Spoon in Asheboro Sunday. Mr. and Mrs. Peace of Chapel Hill spent the week end with Mrs. Peace’s mother, Mrs. Ed Smith. IMr. arid Mrs. Graham Monro'e bioved into the house vacated by •Mr. and Mrs. Curtis Callihan and family ^ast yeek. Miss Josephine McLauchlin of Burlington spent Friday night here with her mother, Mrs. H.. C McLauchlin. / Two-piece cottons are favorites for many of Hollywood’s younger set, and Vennessa Brown of 20th Century-Fox demonstrates'^q iMr. and Mrs. Worth Currie, Jr. of Red Springs were visitors in town Sunday. iMr. and iMrs. Marion Gatlin fetching reason why a^brown^- returned"'home' this week after and-white corded cott^' suit. The brief jacket is fastened down the"1 spending the past several weeks front with metallic buttons, and the neat look is emphasized fun- ther by a white pique turn-over collar. Push-up sleeves and circu lar skirt add piqii^nt charm. *■ ed at 3.00; South Carolina, at 2.75 to 3.00; and Virginia at 2.25 to 2,7'5. Highly colored apples were -steady throughout, -while other offerings were ^ull. 0 Lt. ahd'Mrs. T. H. Purcell, Ju.. and daughter left Monday for their home in Ypsiianti, Michigan, after spending a month in Virginia and "North Carolina. While here they visited the Stevenses bn Cat Tail Branch. Mp: and Mrs. Roland Covington and Miss Mary Stirart Covington spent the week end in Charlotte and i/himney Rock. Miss Coving ton will returnPeace College, • Raleigji, today. BIRTH ANNOUNCEMENTS at Hot Springs, Ark. Miss Betty MoFadyen left last week to enter Louisburg college. PERSONALS Rev. B. P. Robinson has been a patient at Highsmith hospital since Tuesday Rev. and Mrs. J. D. Whisnant arid soil spent Tuesday in Winston- Salem. , Mrs. Lillian B. McEachern left Monday for Hendersonville where she is teacher of music''in the Fas- sifern School. iMr. and Mrs. Julius Niven arid^^ family ofp Pine Bluff visited re latives in town Sunday. \ Mr. and Mrs. Oscar Holtzclaw spent several days the first of the week at Cedartown Georgia, with hpme folks. J. T. Yarboro, Sr., who is with the tobacco market in Fairmont, spent the week end in the home cdhts per dozen and were up fronfij®^ Mrs. C. L, Stephens five to six cents over the ] cevious week. Egg prices openW th^-week two to three cents per dozen high er in Raleigh and held firm throu ghout. FRUITS & yEGETABLES Sweet potatoes from the Caro- linas and, Virgiijiia were dull Miss Elizabeth Gore ^ent sev eral days in Fayetteville this week. Miss Grace Parker of Duriham spent the week end with her phr-'- ents, Mr. and Mrs. Lewis Parker. Zane Grey Norton left last throughout the week at Eastern Thursday to enter High Point col- terminal markets. Top quality North Carolina Porto Ricans clos- I I i I I i % lege where he will be a this year. junior ■Miss Elsie McNeill has accept ed a position in Washingeon, D. C. Miss Elsie Upchurch left Sun day for Brenau college at Gains- ville, Ga. where she will be a sen ior thi^ year. Mrs. J. A. Blue, Mrs. N. B. Blue and Mrs. Kate Blue Covington spent Sunday at Sanford with Mr, and Mrs. Max Heins. -— IMr. and Mrs. Henry Bullar^ and family of Winston-Salem spent the week end With Mr. and Mrs J. A. Walters. . ) Miss Shirley Blue left Tuesday for Duke University wher^ she will enter hfr junior year. Misses Joan Johnson and Marie Cameron will be freshmen at Peace college this year. Misses Faye and Phyllis Baker will be students at Meredith col lege this year, the former a senior and .the latter a freshman. Miss Mary Raye Freeman-has entered her sophomore year at Columbia college, Columbia, S. C. Misses Elizabeh Parker, Elea nor Leach and Lydia McKeithan left Monday to enter their fresh man year at WCUNC. iMr. and Mrs. G. G. Faircloth visited their daughter and son- in-laiw, Mr. and Mrs. Thomas Macko, at Dothan, Ala., last week. Mrs. Faircloth remained for a lon ger visit. ■ II **Sells It For Less Choose From Our Stock Of Bedroom Suites .MATTRESSES I Mattresses, box sp ings and other bed ding supplies. Such] famous names jbls Simmons, Red Cros and Serta or Repre sented in this stock We also carry fine bed spreads. An exciting pollectian of handsome bedroom furniture awaits you at Amos Furniture Company. Period designs pnd modern suits in mahogany, walnut and maple. Come in'and see them! $ I I I I I AMOS FURNITURE COMPANY / ..--Ai’.* 'Mr, and Mrs. A. M. Powell of Fayetteville announce the birth of a son at jMoore County hospital Friday, September 12. iMr. and Mrs. Thomas Macko of Dothan, Ala. annbunce the birth and death of a son at Moody hos pital, Dothan, Ala. Mrs. Macko is the daughter of Mr. and Mrs. G. G. Faircloth of Raeford. APPLES COOKING APPLES: Bonums and Buckinghams Eating Apples ^ Red and Golden Delicious. ^11 fresh for the Mountain Orchards. We also have other fruits and vegetables, drinks, can dy and what not. VISIT US Faircloth Fruit Stand Phone 5696 PERSONAL l^OS'^ important factor in . \ retail business. Two persons doing business together face to face year after year t learn to know and trust . each other. At McLauchlin Company we have always tried to know our customers’ needs and to provide them t on a fair basis. I Crisis, Uncer tainties and doubts come "^and go, but this policy of personal fair ' dealing persists here. You’re Always welcome at McLAUCHLlN CO.
The News-Journal (Raeford, N.C.)
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Sept. 18, 1947, edition 1
4
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