Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1934-11-02

Inv D1 ABDUL S6,UUU, OOO,OUO I'm lHE FlkSI
EIGHT MONTHS THIS YEAR, compared with the same
period last year."
PROFITS OF INDUSTRY
Financial statement of condition of IA leading diversified indus
tries reported in survey by Eastman, Dillon & Co, New York Stock
Exchange firm:
For quarter ending June 50, 1888: Net earnings -sH6,67s,s11
For quarter ending June 80, 1884: Net earnings ---$214, 676,996
Survey by Dow, Jones Co., New York, of - leading steel companies:
For quarter ending June so, 1888: Net LOSS -----s14,o34,595
For quarter ending June so, 1884: Net PROFIT --S20,14s rs
BUSINESS FAILURES
According to Dun & Bradstreet, Inc, business failures in September,
1884, fell to the lowest of any month since 1920 and were 40 per
cent lower than in September, 1929.
BANKS REOPENED
March 4-I5, 1881, narion-vides bank holiday---zNo banks open
March g, l955s tptal National banks eopened--.-47 ,o7s
September 70, 1874, total National and State banks open---1,f54
September 26, 1884, total closed National banks in process of
September 26, 1885 total closed State banks in process of re-
BANK DEPOSITS
Deposits in banks members of Federal Reserve:
June 80, 1888 s26, 5s7, 600, 900
December 80, 1888 27,181, 900, 900
March 5, 1884 1882, 1000
June SO, 1884 31,012, 100000
Deposits in State banks:
June 80, 1888 5,642,739,s7
Tune so. 1884 26,8O7, 1895
increase in deposits in member banks in one year----$4,4 25, 900, 900
Increase in deposits in State banks in n year------$1, 164, 900, 900
DEPOSIT INSURANCE
June 80, 1884, sl5,s26,so2,967 in deposits in ~56,4lo,549 accounts
in Il ,170 banks.
BANK FAILURES
Jan. l. 1929, to Mar. 4, 1888: 1873, with deposits of 1914, $4,000
March 4, 1885, to Oct. l, 1884: Four with deposits Of -s1,41o,o0o
of which $5S2,000 were insured.
RETAIL SALES
Daily average sales of general merchandise in towns, rural areas and
cities of less than 10000 population, based on returns from one-fifth
of all retail business of this type in the country, showed an increase in
dollar volume from August to September, 1884, of 43 y per cent, ac-
cordng to estimates of the Bureau of Foreign and Domestic Com.
nerce. Sales for September, 1884, were 50 y per cent larger than for
September, 1888, and 80 per cent larger than tor September, 1882.
EXPORTS
In August, 1892, s1o8, 599, 900; August, 1888, s131,475 900; Au-
gust 1884, $171,965,ooo.
NEW LIFE INSURANCE
New business, all classes, by companies, IS per cent total:
August, 1888 6SS,o20,ooo
August, 1884 o99,S/9,ooo
First 8 months of 1885 1,b9OO0
First 8 months Of 1884 ,S4o,SN' ooo
Gain 1913 per cent.
FEDERAL INCOME
Fisca year 1e53--$1,619 1924 Fiscal year 1884 $2,672,259,19+
July-Aug, 1853 2~94,273,29S July-Aug, 1874 425,l4o,2S2
FARM INCOME
Fiscal year 1925 $685. 900, 900 Fiscal yr. 1935-34 5000, 10000
June, July, Aug, 1882 June, July, Aug, 1888
s9l3 ,oOo 900 $1,316 100000
June, July, Aug, 1884, s1,50S, 100000
Farm income in August, 1884, was 80 per cent above March, 1885,
and prices paid by farmers during August, 1884, averaged Is per cent
above the level of March, 1888. Purchasing power OF farm products
thus had an increase of A per cent.
FARM PRICES
The market value of the basic farm commodities on September 2s
1884, was IS per cent above the average en- September 70, 1888, and
1ol per cent above the average on September 26, 1882.
Rowan County voters will have an opportunity to express them
selves in a threefold manner next Tuesday. .
First: To uphold the hands of a great President OF the United
States in his valiant efforts to lead this nation from the shadows OF
national disaster back to happiness, hope, and prosperity. :,
In the short time that Franklin D. Roosevelt has been our national
leader he has. in a wonderful manner brought about the realization OF
many of the pledges and purposes of the Democratic program to
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