Historical Newspapers of South Carolina

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res ■ . R 1 r-■ • ; lc‘ Tl - •• 4; , . • v.'t.'v ‘ ' — THE CUNTON CHRONICLE, CLINTON, S. C. THURSDAY, OCTOBER 27, 1927 SALE NOTICE ^tate of South Carolina, County of Laurens. Court df ^Gonunon Pleas. i Clinton Building & Loan Association, Plaintiff. . Vs. A”. B. Blakely. Cray * Dudley Co., National Carbide Sales C<*4--C- D. Franke Co., First National BarvL of Clinton. S. C., The Citizens Building juid Loan Association of Clinton, S. C., Defendants. Pursuant to order of Court in the above entitled matter I will sell at public outcry to the highest bidder at Laurens Court House, Laurens, S. C., on sales day in November next, being Monday, the Tth day of the month, during the legal hours for sale, the following described real estate to wit: All that certain piece, parcel or 4 ^ lot of land lying, situate and be ing within the incorporated lim its of the Town of Clinton, Coun ty and State aforesaid, fronting on Hampton Avenue, seventy-five (75) feet, and running back there from, two hundred (200) feet, more or less, and bounded on the north by Hampton Avenue; on the east by A. B. Blakely; on the south by W. B. Owens; and on the west by John H. Young, and being a portion of the lot conveyed to A. B. Blakely by John H. Young and N. Addison Young, by deed dated the 23rd day of February, 1903, in book 13, page 202, Clerk’s office for Laurens County, and being the western lot of the Lula C. Allen property. Terms of sale: One-half ( l i» cash, balance due in twelve (12) months from date of sale, secured by note of Wholesale Trade Conditions By ROGER W. BABSON Babson Park, Mass., Oct. 26.—Ro ger W. Babsqn in His weekly inter view'' today, discusses the . wholesale trade situation. His summary includes reports from the leading cities of the United States iind Canada as furnish ed by the chambers of commerce of these cities. He also comments on the conditions confronting wholesalers add- passes along some good advice.- Difficulties of Wholesale Business “A wholesaler reminds me of the old adage, ‘Jack of all trades and ex-[ pert in none.’ A wholesaler in order to suceeedr must be an expert buyer, a natural banker, a warehouse man, a good distributor, an assembler of goods, and one fully versed in the technique of transportation and ship ping. The wholesale business has six or more distinct functions and the man who falls down on any one of these fails. Yet the average wholesaler lumps all of his business together and has no special knowledge of what functions are paying him and what are costing him money. Hence, the first need of most wholesalers is a fundamental study of their business. I am all the more convinced of this since learning that a net profit of 3 per cent is about the average of the most successful wholesalers and that this—owing to chain stores and in creased costs of doing business-—is gradually declining. “Another difficulty facing whole salers is that they are forced to carry a very great variety of items. Many wholesalers are forced to carry from 10,000 to 15,000 items. Some of my clients in the wholesale business are purchasing from 700 or more different manufacturers. This means that those the purchaser and first mortgage of ^^ ^ can n0 , ^ itU . the premises, mortgage to provide for ! ed wjth bu , a sraan tion of th , M e,ght I8> per cent interest and ten [ ^ an(J certain , t . anno , eiv( , (10) per cent attorneys fees, with 1 leave to the purchaser to pay all cash. The purchaser to pay for stamps and papers and recording and in case I goods and certainly ! attention to pushing them. As a re offered aiKLpnly a few have sold pre ferred stocks to the public. Almost no strictly wholesale concerns have their securities, listed on the New York ex change. Many manufacturing stocks and many stocks of concerns doing a retail business are actively dealt in, but bankers and brokers instinctively keejraway from securities of compa nies doing a wholesale business. Yet the wholesaler has a definite function to perform and there always must be wholesalers so long as there are small independent retailers. Once when ask ing a prominent banker why he never the securities of strictly wholesale houses, he replied: ‘Whole salers are confronted by two paradox es. (1) To be a wholesaler one must carry many lines and thousands of items, and yet an analysis of their business shows that fewer lines and items that they carry the more prof its they make. (2) To be a wholesal er one ‘must cover a large territory while analysis shows that after this territory expands beyond a certain limited area the law of diminishing re turns begins to work.’ “The wholesale business is very vi tally connected with general business conditions. While the business of a re tailer may contract only 6 per cent during a business depression, the bus iness of a wholesaler may decline 30 to 40 per cent. The wholesaler acts as sort of a spring or cushion which must absorb most of the declining business and most of the falling prices. A chart of the wholesale business almost par allels the movement of the Babson- chart, which now registers about nor mal. Yet every cloud has a silver lin ing. The wholesale trade has not be come involved with the instalment business. *The wholesaler has prac tically none of the three or four bil lions of dollars of installment paper now held by manufacturers and re- Copeland & Bro., North Broadway, Clinton, 45. TL,-on the 19th day of Oc tober, 1927, and will remain open'up two years, Laurens County one year, 004-1. A J rr» • • to and including the 28th day of Oc tober, 1927. W. D. COPELAND, Supervisor of Registration, Town of Clinton, S. C. All citizens of the Town of Clinton 21 years of age er over, or who shall become 21 years of age before the 8th day^df November, 1927, and who have resided in the State of South Carolina, and in the Town of Clinton for four months, and who have paid all taxes due and collectible for the preceeding fiscal year at least six months prior to the 8th day of November and who are duly registered electors ih Lau rens County are entitled to register for the special Municipal Election to be held in the Town of Clinton, bn 8th day of November, 1927. Persons applying for registration will bring the following papers with them: 1. County tax receipt for the year 1926:" 2. Cfty tax receipt for the year 1926. 3. County registration certificate. ! *iohelp you Select'k(plor » tailers. Moreover, as I have said mortgage is taken, to pay insurance on property. The highest bidded other than the plaintiff shall deposit with the Clerk of Court, the sum of one hundred ($100.00) dollars as a guar antee of good faith in the bidding. If the purchaser dobs not comply with the terms of sale, the said premises shall be resold on the same terms, on the same or some subsequent sales day at the risk of the defaulting pur chaser. The purchaser upon compli ance with the terms of sale shall be let into possession of the premises ?old upon the production of deed to same. C. A. POWER, C. C. P. Laurens, S suit they act merely as order takers and trust more or loss to luck and the ^ „ ho | esa | ers have a legitimate • e *;— Perhaps as they law of averages as to what they sel Of course this situation is being reme died. The advice of bankers, the use of business statistics, the service of public accountants and the good work being done by the department of com merce all are working in favor of the wholesaler in order to reduce the items carried and the territory cover- led. This tends to eliminate dead stock, i increases turnover, reduces expense and makes it unnecessary' for whole salers to borrow' as much from the banks. Wholesale Situation Generally Satisfactory “It is interesting to note, however, C. ithat after taking these difficulties into i economic function, h'erhaps as are reduced in number by economic pressure, those remaining may devel op a very profitable business and the time may yet come when the securi ties of wholesale concerns may be more attractive than those of either manufacturers or retailers.” Copyright, 1927, Publishers Finan cial Bureau. Dated the 19th day of Oct. 1927. ' j ll-3-3tc w’hich the wholesalers are obliged to bear, one finds a reasonably satisfac- NOTICE OF OPENING BOOKS OF REGISTRATION State of South Carolina, County of Laurens, Town of Clinton. ( NOTICE IS HEREBY GIVEN that the Books of Registration of the Town ., , .. . . , . .of Clinton, S. C., for tbe registration T: S V .?! 10n u a ? " e ' Zin _ g h *:^ Ur J ! n fo f voters: for the special election to be held in the Town of Clinton, S. C., on NOTICE OF ELECTION State of South Carolina, County of Laurens, Town of Clinton. NOTICE IS HEREBY GIVEN that upon a petition of a majority of the free-holders of the Town of Clinton, County of Laurens, State of South Carolina, a special election will be held in the Towm of Clinton, S. C., on Tues day, the 8th day of November, 1927, at which will be submitted to the qualified electors of the said Town of Clinton the question of the issuance of not exceeding $75,000.00 of bonds of said Town, the said bonds to bear interest at a rate of not to exceed 6 per cent per annum, the proceeds from the sale of said bonds, when issued, to be used solely and exclusively for the purpose of building, erecting, estab lishing and maintenance of an exteri- \ sion and enlargement of the water works system of said Town. The polling place will be at Police Headquarters on West Pitts street in the Town of Clinton, S tory situation in the wholesale busi ness at the present time. Information obtained from a group of seventy- seven representative chambers of com merce, shows fifty-two cities reporting a satisfactory wholesale situation, while twenty cities report the situa tion as fair and only five cities indi- Tuesday, the 8th day of November, 1927, will be open at the store of J. I. Your home speaks for you + E VERYBODY enjoys looking at an attractive home, and when it is your own there is natural pride in its possession. No matter how beautiful the surroundings may be; no matter how well conceived your home may be architec turally, if its exterior surface has been neglected or the color contrasts are not harmonious, the whole effect is quickly spoiled. A Pee Gee Color Selector for Exteriors (which may be had for the asking) affords a choice of fifteen complete color schemes—that simplifies your color problem. There is a Pee Gee Paint Lor every purpose—in quality there is nothing better—that solves your paint problem. Come in and let s talk it over. J. L COPELAND & BRO. Clinton, S. C. 4 PEE GEE MASTIC For lionw exterior*. Retain* it* luster long after inferior paints have gone ..dead. Economical because of Its great covering capacity and unusual dura- bility. 1 c«e poor conditions. My study of this latter group shows that these cities are not at all in any one vicinity, but rather, fairly well distributed. This would tend to indicate that on the whole there are no large sections showing poor wholesale conditions. . “The two states which stand out with the most generally satisfactory wholesale trade are Georgia and Tex as. Here cotton has been a big help.! Among the favorable cities I would j specially mention Augusta and Ma- j can, in Georgia; Beaumont and Gal- j veston, Texas; Oklahoma City, Little Rock, Ark., Lincoln, Neb., Charlotte, N. C., Huntington, VV. Ya., Norfolk, Va., Harrisburg, Pa., and New Haven, C. The polls | Conn. Rochester, N. Y., although be- and | low the 1926 peak, show's up well; date.! while the city of Boston, Mass., re- S. W. Sumerel, M. C. Nash and W. w’ill be opened at 8 o’clock A. M.^ closed at 4 o’clock P. M., on saidll L. Lynn- have been appointed mana- gersv of the election. ' W. M. McMILLAN, MARY C. HOLLAND, Mayor. Clerk & Treas. tf If you want to buy a If A IIP If you want to sell a ill 11VIP. If you want to rent a See GEO. H. ELLIS Real Estate and Insurance Your tongue tells when you . need alotabs Goatfed tongue, dry mouth, bad breath, muddy skin, groggy nerves ant] *our stomach suggest its use. ■ -Xv What Do P. S. JEANES Do? ports considerable improvement. Also improvement is shown in certain cit ies of Michigan, Ohio, Iowa, Kansas, and Minnesota. E’rom all these re ports I would conclude that the whole sale trade is on the up grade. Necessities Leading Wholesale lines ^Further, my study of present day wholesale conditions show v s that the! lines doing the greater business are those which are really necessary for the welfare of the people. For exam ple, I find* that foodstuffs, clothing and building materials lead all other lines when a compilation of the re ports of these seventy-seven chambers of commerce is made. I find twenty- three cities in which foodstuffs are amongst the best selling wholesale lines. Fifteen cities show clothing as one of their mfcst important wholesale items. The building materials are do ing well in seventeen cities, thus indi cating that building, although on the decline in most sections, is still hold ing up well in certain districts. “Although the above-mentioned lines lead the wholesale business, yet there are others which are also doing well. For instance, in- Atlanta, Ga., we find a good furniture market. Bos ton, Mass., and Shreveport, La., re port a fair business in the wholesale electrical equipment line. JaCkson, Mich., is doing a good business in automotive equipment. These and oth er similar lines are holding up well in practically all sections of the country. Unattractive As Investments “The wholesale business' bas not been the basis of many flotations. I know of no such companies having bond issues which hav* been publici> Chesterfield smokers dorit change with the traffic signals ... but watch how other smokers a/e changing to Chesterfield! J *