High Point Enterprise Newspaper Archives Feb 25 1940, Page 12

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High Point Enterprise (Newspaper) - February 25, 1940, High Point, North Carolina Page twelve Sig athe Hatch Point Enterprise Piermont Center of Hatch Point. North o Bovina sunday february 2. It 1010 Fca embarks upon broadened policy of lending to Farmers spiral resignation result from dissension caused by disagreement Over changes new chief a. C. Blaek outlines a special methods Quot Washington feb. 24.�? a a amid some internal i sen Don. The farm credit administration Multi Hillion Dollar Fedora agricultural credit Agency has embarked upon a broadened policy designed to keep Farmer debtors on the farm and to protect them against foreclosures under this policy strict Bank it Ina procedure Wilt he abandoned for Extrema leniency in cases where Farmer borrowers Are deemed to have a Chance of meeting their Obliga eventually tons. A. G. Black the Agency a new chief outlined the a policy today in a discussion it of recant Resigna it s a matter of life and death Norwalk conn., feb. 21. Up a Arthur h. Bennett was fatally stricken with a heart at Talt k a title asleep. Soon after his wife gave birth to a daughter Iii a nearby room. Toi m Ain. Feb. 24.�?up�? \ double funeral was held today for or and its. John Bascom Speight. Knell aah to years old. They had been married 57 years. To lick died yesterday within five minutes of each Oiler of the same cause a a heart attack. You Cah Wash off ail stains Holston Utt jute Boob 1paint no stain ran get a foothold on the metallic like finish of Lucas in Ruhm. Ink Kitchen greases match scratches even iodine stains wipe Oft instantly Micas Dur film is easy to apply. Brushes on like paint dries like enamel with a Beautiful gloss finish that literally lasts for years. Fight pastel shades. Today non a a the time to a a a your ran of this new paint that washes like porcelain. Lim von knit that the a noir for 4 plan a How hat to Gat Long tor m financing is modern Ming your horned Telephone Anta or coma in today for Tho actg we make no charges for securing Loans for your repairs $60 to $2,500. $100 of will Cost you Only $5.98 per month for 18 months. No Cost to Borrower. No red tape. No delay. No mortgage required. A loan May be secured in addition to existing mortgage. Snow lumber co. Established 1880 tons of some officials in protest against the policy and a recent presidential order placing the Fua heretofore autonomous under the agriculture department. Latest of sign m ions latest resignations included those of Peyton Evans general counsel and the president and vice president of the Fua s Federal land Bank at Spokane Wash. There were reports that other resignations were to Folio a. A the Fua is taking the Broad social View Black said a that its duty is to help Farmers become landowners even if it has to adopt special measures to help them. It is our belief that such a View would in the end serve re Toof noway Lahr no Down payment. Law service charges 3 years to Ray under provisions of National housing act Barber Penasco roofing lowest Arlee in years Hedgecock lumber co. Phone 400h 1215 Ward St repossessed cars for Sale Model a Fords Tofu and lilacs. These ears May he had by taking up payments. Howard finance co 102 4 West Washington Street phone 21 i save Money of Quality t Oll Virginia egg ton. 17.06 red Ash ton. Stoker Oil of treated. Prompt _ delivery Cail 3294 Piedmont Oil and Coal co. Skes ii were never intended for Home washing Home washing give sheets an awful workout Small scale washing machines wringers dashboards Etc Are a terrific Strain on the a tensile strength Quot to say nothing of the a clicking Quot sheets take flapping to pieces on the clothes line besides Home washing gives amateurish results. Professional laundering make your sheets Snowwhite Sweet smelling soft and smooth a and make them last longer Curt Ains done up just the Way you like them curtains Are a ticklish Job to do right a but we have the essential equipment the necessary skill a everything required to turn out perfect a curtain jobs Quot that s Why we got so Many to do a and Why we d like to do yours Send Early and avoid the Rush for Complete laundry service dial 3319 829-833 South main Street a Ihli he in to Lai Wishy War time conditions affect Spring business preparations sign of seasonal i turn evident in Trade reports but in the meantime More than half the autumn i turn has been lost since january i by Frank new York feb. 24.�?f/p�?War-time condition influenced business preparations this week for Spring activity along the Home Industrial fronts. Some signs of at least a seasonal upturn in the next few weeks were evident in Trade reports int hiding the heaviest demand for Copper since the september War buying a tapering in steel curtailment and a boost in automobile output. With nearly six Mouths experience in War markets factory managers were judged in better position to plan ahead than they were in the first excited phase of the struggle. Meanwhile More than half of tile autumn upswing in major business indices has been lost in the rather Sharp decline since new years. I Al Kulina tit in 1 8 emerging from the initial effects of the War Industrial leaders find these trends la a substantial Rise in exports of Industrial goods to Europe and latin America in the first five months of the War. 2 development of Lusty a War Bally industries in aircraft manufacturing machine tools and shipbuilding. 3 British plans for Sale of american securities to obtain Dollar Exchange for War supplies. 4 partial loss of foreign markets for certain Faun products such As apples and tobacco. 5 reluctance of manufacturers to expand plants until capital markets re open on a larger scale for new financing and the endurance of the War can be sized up More clearly. Outlooks muddled scrambled with the impending presidential election in the United states the War trends have Given Wall Street analyst a lot to Ponder Over. The net result analysts say Baa been to cause a mixture of optimism for future business improvement and caution until both the War and political prospects take on More definite shapes. The general tendency to a wait and see has been apparent in a prolonged stalemate in the Security markets stocks in recent weeks have drifted through one of the quietest periods Wall Street has known sine the world War. Big scale buying of Copper lately following the Slack interval from november through january was attributed chiefly to expanded Export demand and wartime urge to carry larger inventories than usual. Many commodity men counted on a spread of Forward buying to other markets in the Spring despite the expansion of stocks held by manufacturers and dealers As result of the tremendous orders placed to the first weeks of the War. Numerous plants still Wert at work on orders taken last autumn keeping operating Well above Levels justified by incoming orders. Textile Mills particularly were reported to be feeding off Reserve orders accumulated last autumn. Autos thrive outstanding among the past weeks indications of a Spring j turn for the better in business i was an unexpected jump in motor i assemblies. Trade estimates placed output at 102.670 cars and j trucks against 95,050 the previous week and 75,660 in the like1039 period. The increase followed what was described is a consistently Good retail sales of cars in recent weeks As result Detroit estimates of february automobile production were revised upward to 380,000 Unita from �?~60,000 previously. The february 1939 figure was 317,517. A further levelling off in the decline of steel production was forecast for the coming week. The new year fall in the operating rate from about 86 per cent of capacity in january to 87.1 Lias wiped out most of the 8ep-Temher-november gain. The Best interests of the nation j As Well As the a in proper cases worthy but seriously delinquent borrowers Are being assisted As rapidly As possible by measures which Are j designed to keep them on their Linn and protect them against foreclosure. These special meth ods Are being urged Only after careful study of the individual i borrowers condition indicates i that his regular just ailments and delinquencies Are heavier than he can meet from the Normal production of his farm and cannot lie handled by the land Hanks usual methods of treating special methods these special methods include the a suspended payment plan under which the Borrower is Given a a a rest period on his debt payments designed to give him a Chance to catch up financially. The a variable payment plan under which payments on debts May he larger in years of Good yields and lower in years of poor crops. The a plan under which farm mortgages Are rewritten to give the Borrower a longer period of years to pay thereby reducing his annual payments. Black indicated that the Fca would foreclose Only in cases of obvious a bad Faith on the part of borrowers or in cases where it was certain that the Borrower had Little or no Chance of paying out. He said the Fca would not require its borrowers to comply with agriculture department crop control programs but would suggest that they take part in them i t the Bee on him Richmond va., feb. 24.-�? up the thief who looted b. M. Nun Nallye a property probably got stung. He took Only an occupied Bee hive. Taxes from states total $3,832,000,000 Washington Fob. 24.�? up a the Commerce department reported today that state tax collections aggregated $3,832,000,-000 in the 1939 fiscal year with a ales taxes yielding 38.6 per cent of the total. The department said its figures were based on reports from 115 tax collecting agencies in 48 states. The sales tax total was in three groups with motor fuel taxes accounting for 20.8 per cent associated press writer succumbs new York Fob. 21.-�?up a Smith Freeman Reavis in for 20 years an editor and writer for tile associated Cross died at Cost graduate Hospital tonight following an operation a week ago to remove a blood clog. He was internationally recognized As the Man who As an associated press correspondent in Carls inspired tile Ket Logg Briand pact outlawing War. Although Reavis always deprecated ids part in the history Iii a k i n g development tile French government issued a Book giving the documentary background of tile treaty disclosing Reavis As the a behind the scenes instigator of the part which was signed by virtually every civilized nation in the world. Of All state levies general sales taxes 11.5 per cent and other sales. 6.3 per cent. Unemployment compensation taxes amounted to $799,000,000, or 20.9 per cent of the total. Other major sources of state income included motor vehicle licenses 9.5 per cent individual and corporation net income taxes 8.6 per cent inheritance state and gift taxes. 4.4 per cent. Col. Griswold Dies in new York Short illness fatal to Telephone and Telegraph executive new York feb. 24.�? to a col. A. H. Griswold 60, senior vice president and director of the International Telephone and Telegraph company died today at new York Hospital after a Short illness. He was a member of the French legion of Honor was cited by general Pershing for v. F. W. Post to receive new members on monday High Point Post no. 619, Vesej ans of foreign wars will meet its Hall monday night at 7 30 of clock it was announced last nigh at this time several new member will be received into the Post membership and All Mem Bel were urged to attend. A exceptionally meritorious serf ice a and awarded the order i ii in or pc heal t for his w Oil As director of Telephone and Tell graph services of the America expeditionary Force Iii 1918. For invisible shoe repairing dial 3247 1036 South main Street we deliver Beans shoe shop a w. R. Tingle certified Public accountant commercial and municipal accounting audits a systems tax service 145% South main Street phone 4000 investigations consultations reports constructive analysis monday i it i 4-string House Broom on Sale from 9 to 12 for Only 10c Peg. 25c 7 it my tip 4 ii i i ii in. \ you la walk mans a mile to find tile equal of Fri Broom at this in Eitl Price. Selected Quality Broom Corn Straw firmly sewed four time and wire hound for added strength smooth winded Bandle. Only i to a custom for Sears Roebuck and co i xi0-r28 North main r4r5-3dws�?high Point v. U. $10.00 Trade in allowance for your old stove on this electro Day electric Range Reg. $139.50 $12950 a aim a mkt la it h i $179.50 value with your old stove $5 Down $5 month usual carrying charge i handsome and efficient an electric Range a yet produced a but Iii employees Sale you pay less smartly modern in design and finished in gleaming White porcelain with controlling Black base. Acid and stain re a Tang top and backboard. Large i7xl9>ixl5 Inch oven porcelain end a me led and heavily insulated equipped with 2200-Watt bake element i 2?<m Watt broiler element automatic Interior Light and automatic timer. Hart heat control with Pilot and built in Witch. Two 1206-Wattl and one 7200-Watt Hrom lox closed top unit and Thrift cooker with closed unit All with Pilot Light self starting Elet Tryr clock Andl interval timer with Light on both sides. Large service drawer and in articled broiler pan Mfd rack. I a a Trade in allowance on any kerosene i o i Uruu electric or Coal and Wood Range Selling for $49.95 or More regardless of condition of your stove. Sears Roebuck and co ll�-t2r North main 81334466�?high Point n. I. Bigger i body i i has Sis engine i Oldsmobile uni steel Turret top bodies by Fisher Are bigger roomier More luxuriously upholstered end appointed then Ever before. You Cen ride More comfortably in enolds Chassis Are bigger longer and More substantial in All three Oldsmobile series a the Low priced sixty a the popular priced seventy a and the magnificent custom i Cruiser St medium Price. The six Cylinder Scono master engine in the sixty now develops 95 horsepower a delivers twitter pick up and More thrilling All round performance a yet actually Waves Mort on Gasa better in to in us i safety Glass Ftp i it Ivy fit i i la Wau # a a i Iii or new sealed beam safety headlamps Giva 50 per cent More illumination. Lens and reflector Are permanently sealed to keep out dirt end water end thus increase efficiency end Long life. New i test safety plate Glass is Strong enough to withstand the Impact of a Bowling Ball a and so Clear that vision is never distorted. Windshield end windows Ere unusually Large. Olds gives you big Low pressure tires a 6.im on the sixty�?16 x 6.50 on the seventy-15 x 7.00 on the custom 8 Cruiser. Come in drive a bigger and better Oldsmobile for everything you wan w in a big St Leader cd Bjk Ogtip 4 Tbs coupes 4807 and up Sedona 8853 and up. Dalf Arad at longing Michigan prices include safety a ass Chroma window x reveal. Bumper. Spare wheel Tira tube dual trumpet homa 2 a Dahia a Pipara. Vacuum boo Atar pump 2 Sun i 1/ 18 41 a of Veaora Tran Aport at Ion based on rail rata Patata and local Tate if a by optional equipment and Arcata Noriea a Attra prices i w Jeim Wmma elea Albect to Changa without notice a general motors value i in. Of Avo Hett he War t Highland motors. Inc sos North main Street phone 2820

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