Increase In American
f Foreign Trade
t
Foreign trade figures of the
United States in recent months have
shown a continuation of the trend
in the last few years toward a great
er proportional rise in imports than
in exports, states the current issue
of The Guaranty‘Survey, published
by the Guaranty Trust Company of
New York.
Foreign trade during the firs
quarter of this year resulted in an
import surplus and was considera
bly above the total for the corres
ponding period last year, The Sur
vey continues. Exports during that
quarter had an aggregate value of
$710,911,000, while imports amount
ed to $824,869,000.
Foreign trade during the first
featured by a more rapid growth
in imports than in exports, with the
results that the export surplus for
that year amounted to only $34,258,-
291, which is the smallest excess of
export reported for this country in
forty-fvie years. Anothfer feature
of last year’s trade was that all
time high totals were reached by
several import and export commo
dities, a development that may be
regarded as largely the result of
improvement in general economic
conditions both in this country and
abroad.
Factors Stimulating Foreign Demand
Foreign demand for American ,
products was stimulated last year
by several factors, including im
provement in world wide economic
conditions, requirements for arma
ment purposes in several foreign na
tions, and the operation of our re- i
ciprocal trade agreements. More- s
over, higher prices for most commo- s
dities during the year had the ef
fect of increasing the total value of c
shipments. The primary cause of £
the rise in American imports was 1
the heavier purchasing of foreign t
raw materials that was necessitated i
by the steady upward trend of do
mestic supplies of some commodities
that were depleted by the drought. £
Aggregate foreign trade last year 1
amounted to $4,872,716,000, of which
$2,453,487,000 was made up of ex- 1
ports and imports last year were 1
the highest since 1931; and the to
tals have risen steadily since the low *
point of the depression was reached (
in 1932, when exports and imports {
amounted to $1,611,016,025 and sl, I
322,773,548, respectively. '
The increase in total exports last
year was made possible by the con- '•
tinued demand for our manufactur- (
ed and semi-manufactured products, *
for all other major economic groups
registered declines. ’
One of the most disappointing 1
foreign trade developments last year 1
was a decline in the shipments of *
our leading export commodity, un- 1
manufactured cotton, which fell 8
per cent, below the volume in 1935 s
and 23.2 per cent, blow the 1931-35 *
average. Raw cotton exports last .
year was the smallest since 1923.
About the same percentage decline
was shown in value as in volume;
for the average price of this commo
dity last year was about 12 cents
a pound, which is approximately
the same as that for 1935.
The causes of the decline in cotton
exports may throw some light on
the problems to be overcome in ex
panding exports in general. In the
first place the cotton crop, last year
was short and prices were high in
comparison with ttyase rtf foreign
growth, a stimulation that was part
ly the result of natural causes and
partly of certain phases of our agri
cultural program. Some purchases
were lost through the transportation
difficulties occasioned by the Paci
fic Coast maritime strike and thru
barter arrangements made by for
eign growers because of exchange
difficulties.
Influence of Trade Agreements
The United States Department of
Commerce, in commenting on for
eign trade last year, pointed out
that our reciprocal trade agreements
with foreign countries were largely
responsible |for the better foreign
trade showing. The President was
authorized by Congress in June,
1934, to negotiate with foreign na
tions for the purpose of arriving at
reciprocal modifications of trade
barriers; and since that time treat
ies providing for mutual concessions
have been made with sixteen na
tions, which normally account for
considerably more than one third
of our total exports and imports.
Our exports to the countries with
which trade agreements were in for
ce last year were 14 per cent, above
those in the preceding year, while
shipments to non-agreement nations
rose only 4 per cent. Imports from
the treaty nations were 22 per cent,
above those in 1935, while the in
crease with non-agreement countries
amounted to only 16 per cent. The
report, of the Department of Com
merce emphasized the fact that
many of our chief suppliers of im
port commodities are among the
nations with which no agreement
have yet been made.
" ■ o
Too many young people are en
tering college poorly equipped in
motives, character training and out
look on life—Dr. L. Wright, of Bald
prin-Wallace College. u .
Spelling Champ Wins SSOO Prize
■ppPx F \ , x.
First prize of SSOO was awarded Waneeta Buckley of Loin-cville, Ky.,
(right), recent winner of the title of “Best Speller in the Nation.” She
won the thirteenth national spelling bee at Washington, sponsored by
newspapers at the new National museum. Waneeta’s runner-up was
diminutive Betty Grunstra of Passaic, N. J. “Plebeian,” spelled cor
rectly by Waneeta, after Betty missed, decided the contest. Betty’s
second prize amounted to S3OO.
POTATOES MAKE
GOOD HOG FEED
Irish potatoes boiled in salt water
make a good inexpensive hog feed
said H. W. Taylor, extension swine
specialist at State College.
The bufper crop of potatoes pro
duced in Eastern North Carolina this
spring have driven, prices to a low
point and made second grade and
cull potatoes available at an un
usully low cost, he added.
Inferior grade spuds can be fed
to hogs profitably, he continued,
and this will help reduce the sur
plus that demoralized the market.
But be careful not to feed raw
Irish potatoes, he continued, as they
may injure the porkers.
Cooked spuds are nutritious and
harmless if fed with corn, fish meal
or tankage, and pasturage, Taylor
explained. Three to four pounds of
potatoes have about the same feed
value as a pound of corn.
With each three to four pounds of
spuds feed at least one pound of
corn, he said. Too many spuds will
throw the ration out of balance.
If the potatoes are boiled in salt
water they will be more palatable,
and will furnish part of the salt the
animals need. The salt water, how
ever, should be thrown away, as it
is harmful to hogs.
When thoroughly cooked, the
spuds are easily digested and are a
good source of minerals, carbohyd-
Hot Weather is Here—
Beware of Biliousness!
Have you ever noticed that In
Very hot weather your organs of
digestion and elimination seem to
become torpid or lazy? Your food
sours, forms gas, causes belching,
heartburn, and a feeling of rest
lessness and irritability. Perhaps
you may have sick headache,
nausea and dizziness or blind
spells on suddenly rising. * Your
tongue may be coated, your com
plexion bilious and your bowel
actions sluggish or Insufficient.
Remember The
Words of Ruskin—
“ There is hardly anything in the
world that some man cannot make a
little worse and sell a little cheaper;
and the people who consider price
only are this man’s lawful prey.”
SPENCER’S ECONOMY BURIAL ASSOCIATION „
AND
SPENCERS
f ’“. r Roxboro. N. C. ‘ *
l PERSON COUNTY TIMES ROXBORO. N C.
Snake Venom
Prevents Insanity,
Doctor Finds
BOSTON, Junt 16—(A. P.)—Dr.
Roy Upham of New York city said
today that “many thousands of
women” suffering from mental dis
turbances as they approach middle
age were being kept out of insane
hospitals by the use of snake venom.
Pains from inoperable cancer, he
continued, likewise were alleviated
by the use of the same venom. Dr.
Upham, in Boston at the nineyt
third annual convention of the
American Institute of Homeopathy,
in an interview discussed a paper
’on snake venom he is scheduled to
deliver to the convention.
Nerves Paralyzed
The venom for mental disturb
ances, he said, were given hypo
dermically or by mouth. In the
case of cancer, he pointed out, the
nerve endings of afflicted persons
were paralyzed by the venom so
that they would not conduct pain.
With certain other drugs used to
relieve cancer, Dr. Upham declared,
pain wore off or else increased
dosage was needed to increase
their effect. Snake venom, he said,
had no side reaction and was effi
cacious for a longer period of time.
Two Values
rates, and vitamins. The skins also
provide roughage.
These are some of the more
common symptoms or warnings of
biliousness or so-called “torpid
liver,” so prevalent in hot climates.
Don’t neglect them. Take Calo
tabs, the improved calomel com
pound tablets that give you Che
effects of calomel and salts, com
bined. You will be delighted with
the prompt relief they afford.
Trial package ten cents, family
pkg. twenty-five cts. At drug
stores, • (Adv.),
FOUR OAK DENIED
ABC LIQUOR STORE
State Board Withholds Deci
sion on Sales In Princeton .
And Johnston County _
Raleigh, June 17. After debate
waxed warm at a hearing on the
possibility of opening liquor stores
at Princeton in County,
the state alcoholic control board
withheld a decision today in the
matter, authorized opening of a store
in Kenly and declined the approved
one for Four Oaks.
During the hearing Cutlar Moore,
state board chairman, commented
that no liquor stores would be al
lowed “in the county.”
Three groups of citizens appear
ed before the board in regard to the
matter though the Johnson Coun
ty board had only asked permission
to operate stores at Smithfield, Sel
ma, Benson and Clayton. After the
hearing the county board asked for
permission to put stores at three
places in question..
Drys and wets appeared at the
Kenly hearing, the Rev. C. F. Allen
speaking in opposition to a store and
pointing out that the township vot
ed dry. He had oral support, then
Paul D. Grady of Kenly spoke for
advocates of stores and also was
backed up by other speakers.
Only drys appeared in regard to
a store at Four Oaks, the Rev. H. B.
Beum pointing out that the town
ship voted dry by an overwhelming
margin.
Dr. B. L. Aycock and M. .P Young
of Princeton with A. M. Nobel,
Smithfield lawyer, presented the
case for the drys at Princeton. The
township voted dry, they said, and
19 of the 24 business houses opposed
a liquor store there.
Holton B. Wallace, chairman of
the Johnston county liquor board,
then asked to be allowed to say a
few words.
“I just want to say that I believe
the rottenest situation in Johnston
county and in the state is in your
Boone Hill township with Prince
‘ton,” said Wallace, “We can’t, I
don’t believe, control Johnston
county if we can’t control Boone
Hill.”
It was admitted there probably
are bootleggers in Princeton.
In the case of mental disease,
particularly in women, Dr. Upham
said, snake venom had proved to
be a direct curative. In cancer,
he said, its value was palliative.
In mental disturbances in women,
he explained, the venom altered
cellular activity in the body, re
storing persons to normal mental
condition. In men, he continued,
the venom was used to cure dis
turbances of the digestive tract.
jfwJr// *] P* ODAY the railroads haul a ton of freight a mile
A U for an average revenue of leu than a cent
/ That’s 23 Vi per cent less than they got for hauling a ton
a mile fifteen years ago, when the downward trend in
r average revenue started.
It’s a billion dollars less than it would have been in 1936 if the revenue per
ton-mile had stayed the same as it was fifteen years ago.
Now some of this difference is due to changes in the type of shipments
but the vast bulk of that billion dollars represents lower freight rates savings
for the shipper and the consumer.
With average revenue shrinking, railroads have had to face mounting expenses.
Hourly earnings of railroad workers have climbed to the highest point in history.
Prices of neceuary materials and supplies, like a lot of other things, have gone up.
Yet look how the railroads have been pushing ahead figuring ways to give
better service on lessened income:
They speeded up freight schedules; put billions into new and better cars and
locomotives, heavier rails and improved roadbeds. Today freight moves fifty per
cent faster than it did just a few years ago.
They perform a daily miracle keeping tab on two million freight cars so that
you may have cars where you want them when you need them.
Working hand-in-hand with shippers, they cut freight loss and damage more
than eighty per cent developed better ways to pack, load and handle goods.
You know what they ve done in passenger service, too—faster trains, even
greater safety, more comfort and deanlineu, air-conditioning and all the rest.
And yet passengers today pay an average of 42 per cent less per mile than
they dtd in 1921. r
» gr s? t reCOrd T you couWn>t for a better picture of how the railroads
are handling a tough job. On that record, the railroads have earned the right to
ask for equality in regulation and treatment, for a chance to meet competition
on a basis fair to aIL
NORFOLK and WESTERN
RAILWAY
MEADOW IS VERY
FERTILE FIELD
Many Farmers Fail To Take Ad
vantage Os Good Pasture
Land
One of the most productive fields
on the farm of Joe Brown in Madi
son county has not been plowed in
63 years.
It has been reseeded only once,
and that was just after a flood some
years ago had covered the field with
several inches of silt.
This two acre meadow along a
creek running through his farm pro
duces four to five tons of high qual
ity hay every year, and occasionally
it is used to pasture cattle over the
winter.
Brown told George W, Miller,
“You are going by the reputation
of Boone Hill and not by the actual
facts,’’retorted Ifoung. “There has
been remarkable improvement in
the township in 10 years and you
won’t make imporvement by
providing liquor stores.”
To Reap Dollars
YOU Plant Dollars
No tobacco can be sold unless tobacco
%
is planted And even then the re
sults are a gamble.
But
dollars PLANTED in Great American Life Insurance re
quire no cultivation -and yield GUARANTEED CROPS
consisting of—a secure old age—an education for your
children—money for travel or hobbies—or a cash estate.
For planting directions see—
Thompson Insurance Agency
Walter James E. G- Thompson
THURSDAY, JUNE 24, 1937
farm agent of the state College ex
tension service in Madison County
that the sod of perennial grasses
and legumes is so thick that none of
the soil has been lost in the past 63
years.
But from time to time when the
creek rises, deposits of silt are left
on the meadow, and today it has a
fertile topsoil several feet deep.
The spongy, porous topsoil will
soak up large quantities of rain wa
ter and hold it long after the rain
has stopped falling, Brown said.
Thus the meadow is little effected
by long, dry spells.
Miller commented that this one
field is a good demonstration of the
value of good land in makihg pro
ductive pastures, ahd of the impor
tance of soil-conserving crops to
check erosjion, conserve moisture,
and build up soil fertility.
Pasturage is the cheapest form of
dairy and beef cattle feed to be
found in the State, he continued. Yet
many farmers fail to take advant
age of the possibilities they have for
making good, permanent pastures.
As a result, livestock production
costs are higher in North Carolina
than in most of the other states.