Mr. J.V. Ogburn, manager of the Farmers’ Cotton warehouse, has received a telegram from U.B. Blalock, general manager of the Cotton Cooperative Association, reducing the schedule of advances $5 a bale. This is caused by the decline in the market.
From the front page of The Smithfield Herald, Sept. 1, 1925
newspapers.digitalnc.org/lccn/sn92073982/1925-09-01/ed-1/seq-1/
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