Timpson Daily Times (Timpson, Tex.), Vol. 31, No. 236, Ed. 1 Monday, November 28, 1932 Page: 1 of 3
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Timpson Daify Tunes
VOU!wE3l
1DKITD SBPFLT IT
cottbx 2 mums
SHORT OF LiST'TEM
Austin, Tex., Nov. 26.—The
indicated supply of cotton in
the United States on Novem-
ber 1 was 18,086,000 bales,
according to compilations of
Dr. A. B. Cox, director of the
University of Texas Bureau of
Business Research. This is 2,-
066,000 bales less than the in-
dicated supply in the United
States on this date last year,
Dr. Cox pointed out Ameri-
can cotton in European ports
and aSoat td Europe amounted
to 1,493,000 bales, or 810
hsles more than on this date
last year.
"During the past seven
years, the total yearly (Changes
in supply of cotton in the Unit-
ed States on November 1
amounted to 18,213,000. bales,
and the corresponding change
in price amounted to 8,117
points, or an average of 17.1T
points change in price per
change of 100,OOQ bales in
supply," Dr. Cox explained.
"When, the present price is
worked out on the base of this
average relationship and the
change in European port
stocks and afloat to Europe,
the change in the price level
and the spinners margin are
taken into account, .the indi-
cated price for New Orleans
spot cotton is 8.70 cents. As
pointed out often times before,
the
price per 100,060 bales baa
been only 14.10 potato The
application aS this ratio to
this year’s change in supply in-
stead of the average mains a
calculated price of 7.75 cents.
“During the past two years,
calculations based on average
percentage changes have given
best results in making supply-
siivNinc
BEGINS DECEMBER I
New automobile tags fpr
Shelby county will go on sale
December 1st, according to
Tax Collector Clifton Brittain.
The plates were received sev-
eral days ago—3000 passenger
ear plates and 750 commercial
car plates.
. Nr. Brittain states that the
plates may be applied for af-
ter December 1st, but these
are not to be placed on the car
hntil January 1, 1933.
The 1933 plates take cog-
nizance of the fact that “the
eyes of Texas are upon” them.
The pleasure car plates are
orange on white, University of
Texas colors, while the com-
mercial car licenses are white
on red, Texas A. & M. College
colors.
TLMPSON, TEXAS, MONDAY, NOVEMBER 28, 1932
- • ■ - -
NO. 236
price calculations. Based on a
seven-year average percentage
relationship, the calculated
price for New Orleans mid-
dling %-inch spot cotton is
7.7 cents. The Bureau sup-
ply-price chart indicates a
price of approximately 7
cents."
Spinners weekly ratio mar-
gin for October averaged
167.7, an advance from Sep-
tember of 2.7 points, Dr. Cox
said. In October, 1931, the
ratio margin wss 196. The
average pence margin for Oc-
tober was 3.82 d compared
with 4.11 d for September,
and 4.66 d for October, 1931.
S is evident the ratio margin
advance was due entirely to
the general decline of both
cotton and yarn with yam
losing relatively more than
i Nf ■■ This decline in the
spinners margin is reflected in
the sharp decline In the for-
ward sales of cotton goods ss
reported by the. Association of
Cotton Textile Merchants of
New York. The spinners mar
gra at the end of the first week
in November had advanced to
4.95 d, which should stimulate
sales to some extent.
“Cotton consumption in the
United States in October was
502,244 bales, compared with
The Young Man
of Today
becomes the
The Leader of
Tomorrow
Young men of today who yiew this period of
depression other than a great opportunity
which came to them to .become the leaders of
tomorrow are lacking In vision and failing to
take advantage of unprecedented situations.
Courage, plus ambition, plus a willingness to
word and build soundly will bring big re-
wards. We feei we can help young men build
soundly ... through the sound banking
policy upon which we have always operated.
COTTON BELT STATE BANK
“THE OLDEST SANK IN SHELBY COUNT*”
Champ Corn Hinker
( Army ConchjFor 1933 |
m
It
h
n
Carl Seiler, Knox Omni, 111., Is
the new national corn tusking
I world record of
The
hoshelt
The national meet was held at Cal vs,
IE
the new national corn tua
champion, u^fiing | world recor
36:89 bushels ‘in 89 minutes,
former record was 35:06 has
| May Head Princeton j
Lieut Garrison Davidson, himself
a noted Arwj fridman a few seasons
ago, will he head coach of Wwt Point
Uiiitary Academy foorfcall learn in
■■ -f1- ■
*• >■' '"-j*
/
Dean Oarers* W. Uended of Yale,
now on leave in Rome, is reported to
have been offered the Presidency of
Princeton University, to succeed Dr
John Grier Hibben who will soon
retire.
Clarence E. Marties, of
burg, W. Va., is the new y—
the American Bar Assad-- —
ing been elected at die Uty-nfth
meeting to , ‘ *--
son of S'. 1
491.000 bales in September
and 461,023 bales in October,
1931,” Dr. Cox continued.
“Consumption since August 1,
the first three months of this
cotton year, totaled 1,396,500
bales, compared with 1,350,-
388 for the same period last
year.
“According to Garside of
the New York Cotton Excharge
Service consumption of cotton
in the world outside the Unit-
ed States has been proceed-
ing at a greater rate this year
to date than last year. Europe
is also criauming relatively
more American cotton than
last year, but in the Orient and
especially in China the shift is
awsy from American to Chi-
nese. The large increase in
Indian production indicated
increased use of Indian cotton
in the Orient, though in no
very great amount.
“Sales of cloth from carded
yam in four weeks in October,
according to the Association of
Cotton Textile Merchants of
New York was 149,657,000
yards, only 59.1 per cent of
production. Sales for Septem-
ber we e 292,410,000 yards.
Stocks cut band October 31 in-
creased to 166,668,000 yards
from 160,121,000 yards Octo-
ber 1. Unfilled orders declin-
ed to 347,123,000 yards on
October 31 from 444,028,000
yards on October 1. Last year
October sales totaled 333,679,-
000 yards, 146.9 per cent of
production; stocks at the end
of October, 1931, totaled 255,-
833.000 yards, and unfilled or-
ders amounted to 344,639,000
yards.”
G0§ BUSHES HE
HEKTOGRAPH USERS, we
have a supply of refilling com-
position, also special inks for
th se devices. '
Timpson Printing Co.
The Association of Hal
Advertisers, compand of
ing industries which it
largely upon Hbmang
sell their products,
that its members intend to
spend 3306.000,060 in 1933 in
advertising. an increase in
their budgets averaging 33 per
cent. They will lay out for ad-
vertising in their 1933 bad-
gets as much for eight months
as for the 12 months of 1932.
This, m itself, is encourag-
ing to business confidence for
1933. An advertising appro-
priation reflects a practical be-
lief in the amount of business
that can be done, faith in ad-
vertising to promote it and to
gain an individual share of it.
It is a pledge of confidence by
the concern which incorporates
it in its annual business budget.
The national advertisers,
doing a national business, base
their future plans upon na-
tional conditions: winch are a
summary of local conditions.
They- report that sufficient ex-
pansion in business since July,
and particularly during the
last three months, in spite of
advertising appropriations.
They place their reliance on
local condition throughout the
country, with which local ad-
vertisers are familiar. It is an
encouragement to every mer-
chant when national adver-
tisers announce a program of
925,000,000 a month, as
against less than 920,000,000
a month in 1932.—Port Worth
Star-Telegram.
HIE STACK SHIMS
SHOW DEGREASE
Oil OCTOBER
Austin, Tex., Nov. 28.—To-
tal interstate shipments (in-
cluding rail and truck ship-
ments to Fort,Worth) of. cat-
tle, calves, hogs, and sheep
amounted to 4,156 cars in Ocr
tober, compared with 5,832
cars a year ago, a decline of
29 per cent, according to the
University.of Texaa Bureau of
Business Research. The show-
ing for the first ten months of
the year, however, is mueh
better. During the period, 40,-
747 ears of all classes of five-
stock were shipped to Fort
Worth and interstate points,
compared with 42,766 ears
during the corresponding
month last year, or a decline of
only 5 per cent.
“October cattle shipments of
2,103 cars showed a decline of
36 per cent from the 3,288
cars last year, while the cor-
responding figure* for calves
were 1,175 and 1,481 cars, a
decline of 21 per cent,” the
Bureau’s report skid. "Hog
shipments totaled 220 and 143
cars respectively, an increase
of 54 per cent; and sheep 658
and 920 cars, a decrease of 28
per cent.
“For the first ten months,
cattle shipments amounted to
25,787 ears, compared with
28,402 can during the corre-
tding period latf year, a
decline of 9 per cent; calf
ments were respectively
5443 and 6,246 can, a drop
of 7 per cent; hog shipments
12.774 and 2-536 cam, an ra-
|crease «f 24 par cent; and
sheep 6443 aad 5.882, an in-
ference af fi per cot
Ti Mag operations teem
jManre* m getting under way
■ tkm fa> Eton a year ago.
*&*paMmU of cheep to the
feeding areas in the high plains
......... af Northwest Texas
those ad October last year, but
shipment* to the tow plains of
Northwest Texas were much
below thus* of * year ago,
Typewriter ribbons, all
makes, for portables and stand-
ards. Timpson Printing Co.
WPEIBEISMiS
FOUR TIT ESGIPED FH
SMREUlf
Jack Peddy, serving a 20-
year sentence from Shelby
county, for being an accessory
to robbery, was among four
convicts who made their es-
cape from the state peniten-
tiary at Huntsville November
11th, according to a new* re-
port published in the Houston
Post this morning.
Two of the men have beea
recaptured and returned , to
“the walls,” while the other
two are reported to be still at
'iberty aad are the object of a
statewide search.
The escape, which was by
means at a clever forgery,
was revealed Sunday, the Post
says.
while in North Central Texas
the shipments out of the dis-
trict were greater than the re-
ceipts to. the district, whereas
last year the net receipts into
this district were almost 12.-
000 head.”
HFmme
BFEliWT OETilT
Henry Ford, 69-year-old mo-
tor car magnate, was operated
upon last Saturday for a
strangulated femoral hernia
st the Hejjry^Fowi Hospftai in
Detroit During the operation
iris appendix was removed,
physicians stated. Mr. Ford’s
condition was pronounced sat-
isfactory. and a bulletin Issued
Sunday afternoon said he pass-
ed a favorable, day.
Clarendon.—From 2 to 3 gal-
lons per week for fyesh straw-
berries, preserves far her
pantry, and a start for beds fob
10 friends, have all come from
100 Everbearing Mastodon
plants set out last year by
Mrs. J. M. Acord. She has
given more than 1000 plants to
her friends, states Mis3 Martha
Buttrill, home demonstration
agent.
.......................................
l
THAT
RAINY
DAY
The lowered skies are lifting; drifting gray clouds are
breaking up; here and there are indications that a
bright sun will break through to helpdispel the gloom;
... that the rainy day is ending. But there was a rainy
. day ... several of them____As it was, so it will be .. .
there are other rainy days ahead . ■ . and wise is the
man or the family who again gees industriously to
work . . . laying aside savings, again practicing thrift
so they may weather future storms of adversity. . . .
This institution can bear witness that many families
weathered the passing storm only because they had
practiced such thrift
OTATSAMTY B©NB
STATE BAOT
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Molloy, T. J. Timpson Daily Times (Timpson, Tex.), Vol. 31, No. 236, Ed. 1 Monday, November 28, 1932, newspaper, November 28, 1932; (https://texashistory.unt.edu/ark:/67531/metapth768219/m1/1/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Timpson Public Library.