INSTANT
ACTION
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION • MEMBER FEDERAL RESERVE SYSTEM
Life With The Rimples
NO MORE ARGUMENTS, TOMI
VOU MUST WASH »
before, you eat.' j you
treat
By Leg Carroll
<Sr*«tc.
Celanese Reports
Sales Increase
Celanese Corporation of Amer
ica today reported net sales of
$206,885,003 tor the nine months
ended September 30, 1961, com
pared with. sades of $202,003,190
tor ithe corresponding period of
1960.
Net income after taxes for the
first nine months of 1961 a
mourated to $13,732,223, equal to
$1.36 per share of common stock,
compared with $14,595,543, or
$1.51 per share, reported for the
same period last year.
For the three months ended
September 30, 1961, sales amoun
ted to $73,369,006 and net income
was $5,110,784, as compared
with sales of $64,549,247 and
earnings of $4,541,253 reported
for the third quarter of 1960. The
1961 third quarter income was
equal to 53 cents per share of
common stock compared with I9
60 third quarter earnings of 46
cents per share.
In the quarterly report to stock
holders, Harold Blanks, President
of Celanese, said (that sales and
earnings for the third quarter of
the year were affected by a brief
stutdown of facilities at the Cor
poration’s Bishop, Tex., chemical
plant and the Houston, Tex., po
lymer plant, during the Septem
ber hurricane which struck the
Texas Gulf Coast, and by a labor
dispute at the Cumberland, Md.
fibers plant which curtained pro
duction. Mr. Blancke reported
that physical damage ait the Tex
as plans was negligible and that
normal operations have been re
sumed at all (three plants.
Rights Reserved To Limit Quantities
Econnmy Cut Chops
Pork Back Bones
lb 43/
ib 43/
Delicious RIB HALF LOIN HALF
Pork Loins - 49 ■ 53*
Tooty
Pork Roast...
Center Cut
RIB END LOIN END
. 39* ■ 43*
RIB CHOPS LOIN CHOPS
Pork Chops...-59*-69*
U. S. Govt. Inspected Turkey Parts of Your Choice It's New!
Different! Now There's No Waste When You Buy Turkeys!
Breast . .» 69/ Gizzards * 29/
Livers .. .*■ 49/ Drumsticksu29/
Backs15 Thighs u 49/Wingsu 23/
Limit 1 of your choice with a $5.00 or more order. White Arrow Fab
Detergent... -17* »• 19*
Limit 1 of your choice with a $5.00 or more order. Swift Jewel I Astor
Shortening 3 - 49 ' 3 * 59c
Palmetto Farms 14-lb. Prints or Solids • • « Limit 4 Pounds with a $500 or more order
Margarine.... 2 ^ 29'
Limit 1 of your choice with a $5.00 order. NOW Day Astor
Coffee...
Packer's Label
Tomatoes. ”10'
U. S. No. 1 White
Potatoes .... 10 v '29'
39' “ 49
. . . Limit 6 at this price with other purchases.
1-lb.
Bag
Old Fashion Stayman
Apples ..5k. 39*
Fresh Frozen Florida
Orange Juice®99
i
Carnation, Pet, Silver Cow
Limit 6 with $5.00 order.
MILK
6 “«79’
A
RED BAND
Tlour
Limit 1 with a $5.00 order
10 89^
Fresh, Tender POLE ’
BEANS
3us 49*
Rural Housing
Loans Available
Families living in small rural
communities and in rural aireas,
even though not engaged in far
ming may now be eligible for the
housing loans made by the Far
mers Home Administration, ac
cording to John E. Davis, Jr., the
agency’s county supervisor for
Cleveland Counity.
The Housing Act of 1961 broad
ened the eligibility requirements
for rural housing loans. As a re
sult owners of non-farm tracts in
rural areas and in small rural
communities of not more than
2,500 as wdll as farmers, may be
eligible for this type of credit.
This program is an important
new tool in promoting the devel
opment of rural areas Mr. Davis
said. ‘"Rural housing loans will
not only help families obtain
better homes but will put more
carpenters, plumbers and electri
cians to work and will increase
the salles in lumber yards and
building suply firms.”
Housing loans are for the con
struction, repair and remodeling
of dwellings and essential farm
buildings and to provide water
for farmstead and household use
In addition to major construc
tion, funds are available to mo
dernize homes — add bathrooms,
central heating, modern kitchens,
and other home improvements,
as well as to enlarge and remo
del farm service buildings and
put in Tela ted facilities such as
paved feedlots, yard fences and
driveways.
Rural housing loans may also
be used for the construction of
fall-out and storm shelters.
The interest rate is 4 percent
per year on the unpaid balance
of the loan. Loans may be sche
duled for repayment over periods
up to 33 years.
The proposed housing must be
adequate to meet the family’s
needs yet modest in size and de
sign.
To be eligible an applicant
must own a farm or a housing
site in a rural area; be without
decent, safe and sanitary hous
ing; be unable to obtain the
needed credit from other sources;
and be without sufficient resour
ces to provide the necessary hou
sing on his own acocunt. He
must also have or be able to ob
tain sufficient income to meet
payments on existing debts, take
care of his other expenses, and
make the payments on the pro
posed loan.
The local county supervisor of
the Farmers Home Administra
tion will review building plans
and inspect the housing construc
tion as it progresses in order to
make certain that the borrower
obtains sound and acceptable
construction.
The local county or area com
mittee of the Farmers Home Ad
ministration determines the eli
gibility of applicants.
Farmers who need to enlarge
or develop their farming opera
tions in order to obtain enough
income to pay for housing loans
may Obtain farm enlargement
and edevtlopment loans and farm
management help from the Far
mers Home Administration.
Rural families who need emer
gency housing repairs and do not
have the ability to repay a loan
may be able to obtain small
grants for such purposes as re
pairing a roof, screening win
dows and providing a sanitary
supply of water.
All loans are secured to the ex
tent necessary to protect the Gov
ernment's interest. Small impro
vement loans made In amounts
of less than $1500 with repay
ments scheduled over periods up
to 10 years may be secured by a
promissory note. Other loans are
secured by mortgages.
Under certain circumstances
building loans may be made to
lessees of farms. More than $400
million has been authorized for
rural housing loans over the next
four years.
Further information on rural
housing loans may be obtained
at the office of the Farmers Home
Administration located on the
second floor at the Masonic Tem
ple building, Shelby.
NOTICE OF SALE
Ue: 1953 Pontiac, 4-door-Iden
ttfication No. C8X-119793.
The above vehicle will be sold
at Ublic auction at 120 York Rd.,
Kings Mlountain, North Carolina,
on October 28th, 1961, at 12 o’
clock a. m, to satisfy storage
lien in Che amount of $117.00. The
registered owner, state of Cali
fornia is Morris T. Collins. 1986
'Del Mbnte, California, 1960 li
cense number: DHU 279.
WARREN E. REYNOLDS
Reynolds Realty Company
120 York Road
Kings Mountain. North Carolina
10:26
Bond Sales
Climb Higher
In response to the Treasury De
partment's recent efforts to stim
ulate bond sales, North Carolin
ians have responded by substant
ially increasing their purchases
of bonds.
(For the second successive mon
th in North Carolina Savings
Bonds sales showed an increase
over the comparable month of a
year ago.
Series E. Bond sales for the
month of September were up ov
er 5 percent, while the Series H.
Bond sales were up nearly 13 per
cent. The combined sales total
was 6 percent greater than for
September, 1960.
Cumulative sales for the year
amounted to over 36 million dol
lars, Which is an increase of over
5 hundred thousand dollars. This
amount is 70 per cent of the
State’s quota for this year.
(Bond sales in Cleveland Coun
ty for September were $28,812.00.
Sales for the first nine months
of this year totaled $277,266.00.
This is 59.7 per cent of the coun
ty's quota.
Geo. Blanton, Jr., Cleveland
County Volunteer Chairman, in
releasing this report: quoted the
National Director, W. H. Neal,
of Winston-Salem as saying, “As
the international situation grows
in intensity, the Savings Bonds
Program becomes increasingly
More important to our nation and
its people. As our nation, our
free system of Government, our
traditions and institutions are be
ing put to a test of survival, irt
is imperative that all Americans
join hands in providing the e
conomic strength so important to
our country’s defense.”
In making this report Geo.
'Blanton, Jr., said 'that is is grat
ifying to know North Carolinians
are responding to their country’s
needs by upping their purchases
of Savings Bonds.
Many Tar Heels
Lose Licenses
Through the third quarter of
the year almost 26,000 Tar Teels
were required to give up their
legal driving privileges for var
ious violations of the traffic
laws, mostly drunk driving and
speeding.
'In a regular monthly summary
of license revokable offenses, the
Motor Vehicles Department list
ed through September 6543 drunk
driving and 5101 speeding offen
ses, all of which resulted in loss
of license.
Driving with an improper or
no operator’s license tripped up
another 2611 citizens who suffer
ed additional penalties.
Including a wide range of oth
er violations the nine nonth to
tal of revocations and suspen
sions came to 25,842 the agency
said.
Winn-Dixie Sales
Higher For Year
JACKSONVILLE, Fla. — Sales
at Winn-Dixie Stores, Inc., which
operates a number of supermar
kets in this area, increased 3.81
percent during the 52-week peri
od ended Sept. 23 compared with
the corresponding period last
year, it was announced.
THe volume amounted to $757,
574,724 during the 52-week period
ended Sept. 23, an increase of
$27,804,588 over the 52-week pe
riod ended Sept. 24, 1960, when
sales totaled $729,770,136.
For the 12-week period ended
Sept. 23, sales were $170,183,631
compared with $165,922,488 dur
ing the 12-week period ended
Sept. 17, 1960, an increase of
$4,261,143 or 2.57 percent.
An increase also was recorded
for the four-weeks ended Sept.
23. During this period, sales a
mounted to $57,481,718 as com
pared with $56,181,644 for the
four-week period ended Sept. 17,
1960, an increase of $1,300,074 or
2.31 percent.
Wlinn-Dixie now operates 536
retail stores and eight wholesale
units throughput the South com
pared with 517 retail outlets and
nine wholesale units this time a
year ago.
Mis. Watteison's
Rites Thursday
Robert Runyan Watterson, 61,
Kings Mountain native, died sud
denly Wednesday morning at his
home on the Bessemer City
Kings Mountain highway.
Funeral rites will be held
Thursday at 4 p. m. from Besse
mer City’s First Baptist church.
Rev. A. A. Bailey, Rev. J. W.
Stowe, Rev. G. G. Robertson and
Rev R. A. Stanley will officiate
and interment will follow in Bes
semer City Memorial cemetery.
M'r. Watterson was the son of
Mrs. Ida Dixon Watterson of
Kings Mountain and the late
John Watterson. He was presi
dent of the Gaston County Farm
Bureau for two yean? and served
as chairman of the Gaston Ooun -
ty Board of Supervisors for 20
years. He was also an ASC Com
mitteeman in Gaston County and
a member of the First Baptist
Church.
(Besides his mother he is sur
vived by his Wife, Mrs. Lillian
Black Watterson; one son, Wal
ter Watterson of Bessemer City
and one daughter, Miss Norma
Watterson of Bessemer City; six
sisters, and three brothers: Mrs.
A. C. Bell, Kings Mountain; Mlrs.
Garland Borders, Shelby; Mrs.
John Petropoias, Oklahoma; Mrs.
Clyde Pressley, Charlotte; Mrs.
Ed Conner, Pineviile; Mrs. P. W.
ITo! la mis, High Point; Elmer Wat
terson, Rock Hill, S. C.; Raymond
Watterson, Charlotte; Eugene
Watterson, LaGrange, Ga.
uni vrmm. /
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