Newspapers / Shelby Daily Star (Shelby, … / Sept. 7, 1927, edition 1 / Page 2
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COTTON PRODUCERS HAVE GOLDEN OPPORTUNITY TO RECOUP LOSSES '•Die cotton producers of the South have a golden opportunity to recoup some of their losses sus tained last year in marketing an eighteen million bale crop of cot ton below the cost of production.” This is the opinion of U. B. Bla lock, general manager of the North Carolina Cotton Growers Cooperative association. “The cotton spinners of the world had their opixirtunity last year and statistics as issued by Colonel Hester of the New Or leans Cotton Exchange and by the U. S. department of commerce, show how well they took advan tage of their great opportunity. “With exports around eleven pi ill ion hales and domestic con sumption over seven million bales, the total of export Hnd domestic consumption was in excess of pro duction by 168,000 bales. "Last season at the beginning of the inhual “autumnal dip” in the cotton market Mr. Eugene Mver cam* South with his proposed plan to take off th6 market four mil lion bales of surplus cotton. It now develops that there was a hidden demand for every bale of our eighteen million bale crop that we had nroduced. "It is almost inconceivable that any sensible man would now argue that the removal of this four mil lion bales of cotton would not have had a very stabilizing effect upon the market and that the pro-; ducer would not have received a substantial part of the almost fifty per cent increase in the value of cotton inside a period of six , months. But Mr. Myer’s plan did not work, as no hastily organized plan for the handling of four mil- i lion bales of cotton will ever work. It was an impossible task to so hastily take off the market and handle four million bales of sur plus cotton; and besides, the farm er was too dead broke to borrow nine or ten cents per po'vtnd on his cotton and meet his obligations. “But a different situation con fronts the cotton prooducers this fall from that of 1926. Acting on the advice of those who believe that the salvation of the farmer is always in a Curtailment of acreage, and with the aid of the Mississippi floods, we were able to reduce our ■ acreage one-haW of the suggested twenty-five per et. reduction. With ! the further aid of the hull weevil and adverse weather conditions, we are now confronted, according to I the government’s last estimate, with less than a 13,500,000 hale j crop and our prediction is that the next government report issued on, September 8th will he several hun- ' died thousand bales less than this , estimate. “The cotton consuming world needs every hale of this thirteen | million bale crop, and more. New uses for cotton are being develop- j ed and will continue .to lie devel oped. The all-absorbing question is j will the cotton producers take ad- j vantage of the present situation to. market this crop orderly or will they follow the usual “dumping” j process and rush it on the market j as fast as harvested and thus cause j the “autumnal dip" in cotton prices that usually follows the. heavy dumping of cotton on the ! market during the fall months. The j history of the rotten marketing | business shows that regardless of! the size of the crop that there is almost invariably a rush move-j ment of cotton during the fall months that always causes what | has become among cotton men lar and wide as the “autumnal dip ’ or a very low sap in prices. “There is no real r.eceismly for j the “strand rush’’ to market. Our j North Oar. warehouses, practic- j ally all of them, are bonded and f operate under very low rates of in aura nee and reasonable rates of1 storage. Seventy-five per ct, of the, value of the cotton can he borrow ed from Federal Intermediate I Credit banks and other sources at | four and one-half percent interest and the seventy-five percent is far more than the cotton was market ed for last year. “Our bumper crop of 1926 at twelve cents (and it averaged less than thisl only brought us about $1,000,000,0(10. “A thirteen million bale crop at twenty-five cents per pound will bring a total crop value of $1,430, 000,000. “If we can average a price of j twenty-fi'^ cents per pound, and j this is not at all unlikely, if w«' gradually market if, a thirteen Just Arrived Lott of new fall goods for the La* diet, Men, Girlt and Boys. These goods were bought right and we are going to tell them right. It will pay you to look our goods before you buy. Shoes for the whole family at the .right price. Tires at ^unheard of prices. Groceries, Flour, Chicken & Dairy Feeds. We appreciate your business and believe we can save you money. Give us a trial before you buy. HUNT & HEWITT, Lattimore, N. C. EFIRD’S Department Store ' Our stock right now is most complete, with everything that is new in Fall Millinery. All the new shades of brown. The new shades of red. The new shades of blue. As well as black. Tb,-; very latest ideas in trimmings. And this season more than ever, you will find our prices most reasonable. We extend you a very cordial invitation to inspect our New Hate, whether or not you ar,e ready to pur chase. Prices start as low as— $1.95 T0 $2.95 A larg« assortment of Children’s and Misses Dress and School Hate in all leading colors— $1.95 ___ million hale crop will net the South *1,625,000,000, or approximately 60 percent more than our eighteen million hale cron of laf-'t year. “Let the producers rush their cotton to the market ami depress the price two cents per pound and the South loses $130,000,000. “Lower the price four cents per pound ur.d our loss is $260,000,000. “If the eleven million hales we exported last year could have been marketed for only 4 cents per pound more, or $20.00 per bale, i' would have increased the value of cur export trade $220,000,000. “A fair price for the South' great money crop not only "i oteases the buying power of the agricultural South but enriches the whole nation by increased export valuation.'" Greatest Monooolv Crop Is Failure Sor'hV Cotton Industry Furnishes Fowl And Raiment But Sec tion Remains Poor. With a monopoly on the Great est crop in the world the South has failed to become rich. There are many reasons for f*.•and most of those reasons hav^f^yen printed out so often they have b.-rnie ted ious and uninf'-rorUng to listen to. says The fhufgtawrijrg Herald. Some day the South will produce cotton tvs it should he produced end ss-'l it as if should be sold and reap the reward it is entitled to. However, the great' factor of promise to the cotton growing region, when he entertains an in telligent conception of what »a hnppening is to broaden the field in which Cotton is to , servo. This editorial on the use of cotton ap pearing in the Manufacturers Rec ord should lift the vlson of the cotton grower: “Since the dawn of history cot i m bar. been ttsal fur making cloth and for half a century it has fa;pished food for mankind. Cot ton. in record years, by the magic touch of the chemist has become ihe basis of many other products Which in no wise are rocoaTiizflble r.i being in • he slightest connec tion with the cotton plant Colter is now made into luxuries, and into explosives and il is used in the manufacture of 'mechanical equipment. Attempts have been made to utilize the cotton plant it self in the making of pnper. "Announcement nas wen wnae by the Westnghouse• Interest< Hun airplane propeller#,agg, ppw being' manufactured front ^opjjnary cot-, ton canvas compressed into a' mat-! erial knpwn as Micart t, which is mother indication of the groxying uses to which it is pu‘ today. The propeller blades of this material are said to be moisture proof, non corrosive and of metallic strength and are reported to have been ac-1 cepted by the j^ny^iakiy.iavy as standard equipmen(|apirarc to he used by the Govewmbnt on its [training planes. This new cotton product is likewise used for the manufacture of pulleys arid other mechanical parts required in the construction of airplanes, because of its water-resisting nature. v .“At the spring meeting of the cotton industry the Cotton Textile Institute, with Walker T>. Hines as I president, was discussed broadly, i and great hopes were expressed for | the uses of cotton, which it will j endeavor to do through study and j research work. As much progress has been made in recent years in creating new uses for cotton, with the Cotton Textile Institute now functioning. i t s organization j should mark the beginning of al i most as great expansion as that which resulted from an era of de velopment of the cottonseed-oil i - ■ ■ . industry. “Some fifty years ago cotton seed was considered a waste pro duct and the lint was used solely for cloth-making purposes. The great piles of seed left after the lint was ginned from them were a nuisance although farmers grad ually learned their value as a fer tilizer when spread over the land, left to rot and then plowed under. Today, the cottonse'ed-oil industry annually produces about $250,000, 000 of crude materials furnishing food for man and beast and raw material for explosives and oihe products undreamed of less than a generation ago. Cottonseed oil has long been a factor in the world’s supply of fats and in rec ent. years the meal from the seed has been made into a most nour ishing flour for human consump tion. A mill in Tejas has built up a large busipess in this product. Not so long ago a writer point ed out that A>tton now masquer ades as velvet, brocade, fleece-lin ed, all-wool underwear. glessv mercerized stuffs, wool hats, arti ficial silk stockings, gloves. underwear cigarette holders, linen sheets, celluloid colnrs, etc. Cif-i ton linters a product of the cotton- ' seed oil industry. form the raw material for the making of "hots. . graphic supplies, moving picture films, floor coverings. imitation ; leather goods, toilet articles and explosives. It is said that, in com bination with certain chemicals, cotton and our milk produces cellu lo'd. which is highly inflammable, and mix cotton with nitric acid am’ j a highly explosive product is the result. Cotton is now used in some j form by all of us from the cradle to the grave. It has been said that! over thirty pounds of cotton is used in the building of a Ford j automobile, products of the fiber ; itself and materials utilizing cot ton by-products as a base. Cottonseed oil not only fur nishes a large supply of the world’s ; vegetable fat, but it is often sold for olive oil. Many a bottle of sup- ; ne ed imported olive oil comes to the table from the cotton fields of the South. Cottonseed oil makes a wholesome"salad oil and a cooking, fat said to better than hog lard. The South’s cotton industry fur nishes food and raiment and +h<\i chemist is constantly developing new products. Odd Words Getting Interest Of Papers Greensboro New?. “Boys, There Wa* One Souging Big Crowd at Trinity,” a headline in the Monroe Journal which at tracted the attention of the Shel by Star. “Somewhere hack in the, boyhood days” of the Star “that' word was heard but the memory fails to recall what it means and how it is derived. Soughing?” the Star suggested. To which our Mon roe contemporary appends: So far as we know that word is, not found ip any dictionary but it is a good word. We never saw it in print before and we never heard it used but once. Many years ago we heard a Union county woman say that her husband had just haul ed up a souging big load of hay. 'Well, what kind of a load is a souging big load? Why ask, for' everybody knows. We are introduc ing a very handy word. Use it bovs. But everybody does not; we dare 1 say we could get up a crowd re : spectable in numbers and in the , matter of average vocabulary to whom this old word is entirely j new; and at the least the Journal • and the Star should tell how it is i said. It might he sowging, o as in • cow or o as in sowing oats; suf | fir.g or sQoging. - HIGH POWERED TELESCOPE - . SATURN—It’s wonderful ring clear and distinct. JUPITER — And its four largest Moons. A world system in action 9 I*. M. THE MOO*N—This wonderful little world startles you with it;; wealth of detail apparently at the tips of your fingers lay great mountain ranges, broad plains. EACH OBJECT_10c EDUCATIONAL DISPLAY FREE. THE SUN—SUN SPOTS_ 5c NIGHT OBJECTS—EACH_10c CORNER GRAHAM and LaFAYETTE STREETS. j i I i NOW IS THE TIME TO Buy Your Coats AT A SAVING Yes they are here in the best mater ials and colors. Prices from $2.98 up to $50.00. See Me Before Buyhig. Mrs. W. S. Smith LaFayette Street. >5,-:-i The same Monroe Journal tells the Daily News paragrapher that I those structures for the illumina- ; tion of the grounds where camp j meetings were held “may not have been braziers” but also they were not “flat rocks laid no tall stumps , leveled on ton,” nor yet “on ton of i rock iles.’ They were “masses of stone and mortar about four feet high/ about two feet square. The 1 dictionary says a braz'er is a pan i for coals. We called these columns braziers because the word seemed j t0 come handy and we supposed nobody would give a durn—just as ; most newspaper stuff is written. Stretched the word a bit too much but what of that? Does not Ye Pnragrapher know that there is no longer any accuracy in the use of words in newspapers? News-: paper lingo is fast becoming a libel of the English language anv way. And the bigger the paper the worse the libel.’ What would you call them?1 What could you? “Flambeau” is practically synonymous with ; “torch;” one is French of I-ntin derivation, the other English of Latin derivation. One or two read ers of accurate recollection of camp-meeting grounds in various neighborhoods testify that the 1 lighting was by means of flat f 1 stones laid, not atop the stumns of trees that haopened to be placed conveniently for the pnrpose. but atop Doles sunk in the ground. They have never seen the more ela borate and durable masonrv struc tures of the Journal’s recollection, which, it may be supposed, endure to this day, objects of mystery to a curious younger generation, as are the masonry uppin’ blocks if any still exist. WOMEN DO CHARLESTON AND BLACK BOTTOM IN PARIS BEAUTY SHOP (By International News Service.) Paris,—The women are Joins; th« Charleston, the Black Bottom and all the other dances in one of the smart hair-dressing shops in Paris these days. The coiffeur proprietor of the establishment had | tried everything to keep the ladies happy waiting—fine, illustrated papers and mage sines. books and even a radio and loud speaker. But all to little avail, they found the time long and many of them went away to have a trim and wave elsewhere. Finally, in desperation, he hired a iaaa-band, one that had been laid off for the summer. And now everybody is happy. The ladies dance with each other, practice new steps and don’t mind how long it is before the barber says, “Your turn, please.” A BETTER CAR. A LOWER PRICE Never before has Oldsmobile been so thoroughly desirable, so utterly enjoyable as it is today. To all those qualities which stamped it as a top value in the $1000 field, are now added new smartness, new luxury, new colors and thrilling, smoother perform ance. And the amazing thing about it is that all this has been added along with lower prices. Formerly $950, today the smarter, finer Uldsmotme lwo-uoor Sedan is spectacularly priced at $875! All through the whole resplen dent line similar sharp reductions —reaching as high as $115—set a new pace in value giving! These are the facts—hut plain, cold facts that fall far short of doing justice to the value you will instantly recognire when you see for yourself this latest Oldsrnobile triumph—a better car at a lower price. Hawkins Brothers Star Want Ads Always Pay The Safety and Soundness of Cooperative COTTON MARKETING Depositing cotton in the Cooperative Association is very 3imilnr to depositing money in a bank, therefore it is very de lirable to know something of the soundness o! the^Coopcrative Association and its methods of operation. The governing body of the Association is its Board of Di rectors ten of whom are elected annually hy its members, and one appointed by the Governor to represent the public. Our Board of Directors is composed of very able, sound business men and farmers, all of whom are sincerely interested in the welfare of their fellow farmers. None of them are on the pay roll. All members of the present Board have seen several years’ service with the exception of two. Most of our executive officers anil department heads and quite a number of the employes, have been with the organiza tion since its beginning. Each employe of the Association is under bond, ranging from one thousand to fifty thousand dollars each. Every bale of cotton is stored in warehouses licensed and bonded under both State and Federal governments. There is no possibility of a loss of a bale of cotton by fire or theft. Every warehouse receipt is issued and sent direct to the tnistee bank in Raleigh which holds these in trust for the lend ing banks nt»d the membership. 664,469 bales of cotton have been handled during our five year period and every bale has been amounted for. Over seventy-three million dollars volume of business has passed through our hands during the five year period. All of this has been handled through a very large number of banks throughout the country and not a single dollar has been lost through any bank failure. 1672,075.80 has been accumulated as a reserve fund dr ducting one percent (\%) of the sales. This reserve fund has been very safely and jealously guarded. Six per cent (6%) has been paid annually to our members on thi* reserve fund. The .first year's reserve was returned last year to "ur member ; dollar for dollar. The 2d, rid and 4th year’s reserve ''.are In as returned now; and th* 5th and last years reserve will be returned not later than March I of next year. s All annual audit made by some well known fim of audi tor- employed by the Board of Directors is made annually amt published for the benefit of our. members and for the publk "• rerally. OUR NEW CONTRACT AND ITS IMPORTANT CHANGES. Thu drawers of our new contract had in mind rendoiinR | !lie most economical and efficient service possible to our nieni t herr with just nr.little inconvenience to the members as possible '| It was recognised that the old contract with one seasonal pool did not meet the financial condition of all classes of nieni beis, therefore, in addition to the seasonal pool such as we b.i'j Hail heretofore, the member is given the right of optional pc N. daily or monthly, in which pools he may select the times "i" 11 he wants his cotton sold. Under this polo the member will <'\ erriso Ms own discretion and judgmont as to sales. Under th< seasonal pool the cotton will be sold as heretofore, in the best judgment of the lioard of Directors. ' All cotton under the now contract will„(bp settled for on basis of middling prices. That is, the man who "as a g.^ grade* of cotton or staple will always receive the premiums to which he is entitled regardless of date of sale. Low grades "ill be penalised accodingly. The third important change is the feature of the "'■» Irawal clause. Every member has the privilege of withdia" ing after delivering one year’s crop. By this provision in •ontract, it will be seen that the Association expects to win l)> merit and to hold the membership intact by rendering a ■ ' vice and not by depending upon the inflexibility of the conti.ot. North Carolina Cotton Growers Cooperative Association RALEIGH, N. C.
Shelby Daily Star (Shelby, N.C.)
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Sept. 7, 1927, edition 1
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