Smallest Cotton ;; V U
Crop Since 1871 .
Hie area of cotton in culti
vation on July l In North Caro
lina, is estimated at 478,000 acres,
according to the North Carolina
Crop Reporting Service. Such an
acreage is 16 per cent beloar the
667,000 acres for last year and
88 per cent below the 10-year
(1044-68) average of 711,000
acres.
10 - year average
abandonment of 1.3 per cent, the
area for harvest this year is
calculated at 469,000 acres. This
would be the smallest acreage-of
cotton harvested in North Caro
lina since 1
Cool days and nights through
out meet of May and June have
not been favorable to the cot
ton crop. Stands are reported to
be spotted, and plant growth has
.been retarded by the below nor
mal temperatures. However, the
crop appears to be making
favorable response to warmer
weather in late June and early
July. Infestations of inAscts
hav* been comparative^ light
Telephone Company
Pays Local Taxes
The till of bounty and city tAx
collectors was substantially in
creased yrhen checks dated June
26 totaling $25,710.76 were pre-1
sented to the town of Kinston
and Lenoir County by Carolina
Telephone and Telegraph Com
pany.
According to W. E. .Thornton,
manager for the telephone corn
many, payments were made in
the month of June in order that
the company could avail Itself
of the discount allowed on ad
valorem taxes paid prior to July
1.
The sum paid represents the
estimated ad valorem taxes for
the city and Qpunty and is based
on the valuation of the company’s
property in that area as de
termined by the State Board of
Assessments on other than real
property and the local valuation
of the real property, of the Com
pany.
The local mnager noted that
the amount of taxes paid in this
city and county exceeded those
of 1954 by nearly $6,000.00.
Rubert Hines Jr.;
On ROTC Cruise
ttftt Midshipman Practice Squa
dron Of 1856, NROTC MRta. 3-c
Rubert Binds, Jr.r son of Mr. and
Mrs. Rubert Hines of 117 S.
Trianon' St., Kinston, sends a
flashing light message aboard
the heavy cruiser JUB8 Des
Moines.
He is a sophomore at the Uni
versity of North Carolina. \
More than 3,000 NROTC and
Naval Academy Midshipmen left
Norfolk, Va., June 6 aboard 18
ships of the Atlantic Fleet for
Volunteer workers seurched
throughout the night and at the
latest report (Noon Thursday)
no trace had been found of the
small tot. The mother reported
that she and the (child went
tithing Wednesday morning, but
returned to the home for hmdh
and she then went to work,leav
ing the child at the louse* Dur
ing the afternoon it apparently
wandered away from the'home,
which is located near a piile
from Contest tnea Crwk.
Association.
> Drive chair
of Charlotte,
Continued from page one
ceipts, which was an Increase of
better than 18 per cent, nils
Indicates that customers of the
court were more plentiful, and
they were also paying more for
the dubious honor of appearing
1
I
JACK RIDER
■ ✓
Every Week Day
At 8 A. M. and
12:20 P. M.
Over Station WEL
1010 on Your Dial
* Condensed Statement Of Condition
Branch Banking & Trust Company
“The Safe Executor**
At the Close of BusinessJune 30, 1055
RESOURCES
Cash and Due from Banks--—-- $ 24,429,403.06^
United States Government Securities — $30,142,685.75
Obligations of Federal Agencies --— 4,696,345.66
State, County and Municipal Securities 10,397,391.43 \
Public Housing and Municipal Notes — 2,472,229.48 - > .
Total Bonds at Cost Less Valuation'Reserves ±-- 47,708,652.32
Loans and Discounts_-.--— -19,437,582.40
Accrued Interest-^-lnvestments and Other Assets-- - 304,633.81
Banking Houses, Furniture and Fixtures and Real Estate ~ 715,645.74
O- ' -1
$ 92,595,917,33
LIABILITIES
$ 1,000,000.00
5,000,000,00
2,786,026.21
Capital Stock —.
Surplus _ --
Undivided Profits
454,885.70