'• HguSiisih
BOONS WEATHER
Date High Low ti p.m.
Dec. 18 80 41 51 j
Dm. IB 53 28 47
Dec 20 W || 42 " 99
Dec. 21 90 48 92
TWO S
BOONE — Your Best Barley
Tobacco Market
and j*
Christmas Shopping Center
LETS TRADE AT HOME
VOLUME LX1X-— NO. M.
An Independent Weekly Newspaper—Established in the Year Eighteen Eighty-Elght
> i '
BOONE. WATAUGA COUNTY, NORTH CAROLINA, THURSDAY, DECEMBER 27, 1»56
Babson Scans
Business Sky
For New Year
By Roger W. Babson
Both preiidential candidates, in
their pre-election speeches, pro
mised Peace, Prosperity, and Pro
gress. They stated that they must
do this in order tif enforce the
Employment Act of 1946. This is
the basis of my Outlook for 1957,
tempered of course by Russia.
1. World War II will not start
in 1997.
2. 1997 will witness gradually
increasing inflation.
3. Manufacturers will be faced
with higher costs for both mater
ials and labor.
4. All businesses will be con
fronted by Increased competition,
both within their own industries
and from other industries.
9. More advertising will be nec
essary in 1997 if profits of manu
facturers and retailers are to equ
al those of 1996.
f 6. Failures will increase in 1997,
both as to numbers and liabilities.
Thousands of small concerns will
be wiped out. One or two of the
largest corporations will face
bankruptcy or re-organization.
7. Coat of living will rise slight
ly during 19S7.
8. Most labor unions will hesi
tate to make public fights for
higher jrtges, but win work for
shorter hours, p e n s i o n s, and
"fringes."
9. Europe must pay so much for
oil that it will have less money for
purchasing other goods.
10. Unexpected events will oc
cur during 1997; however, as a
whole, business will remain fair,
but with smaller profits.
Meaey Outlook
fi. as loreign countries must
pay in gold or dollars for oil, their
industries will be handicapped,
unemployment will increase, and
pressure (or aid from the United
States will be greater.
IX The Federal Reserve Board
will not relax its restrictions so
long as we have full employment
in the United States; but if un
employment increases we may ex
pect a relaxation. 1 am very glad
Mr. Robert Cutler will again be
Mr. Eisenhower's adviser.
13. Owing to the tremendous
numbers of employees, suppliers,
and retailers dependent upon the
large corporations, these will be
first to receive bank funds.
14. Many plans for expanaions of
plants, by both big business and
little business, will be postponed.
Most corporations will find it dif
ficult to get new short-term money
at any price in quantity; while
long-term financing will be too
expensive.
19. Tight money will cause
state, municipal, and town govern
ments to postpone plans for build
ing roads, schools, and hospitals
except in cases where the Federal
Government pays most of the
costs. This will put a damper on
many lines of business.
16. Owing to these increased
money rates, state, municipal, and
town bonds, although tax free,
have been declining rapidly in
price. Host financial advisers fore
cast much lower pricea for such
securities. It is pouible that the
poatponement of such building
plans may so diminish demand for
such money that these non-taxable
bonds will sell at higher prices be
fore the year Is out. This post
ponement may also reduce the
price of steel and other materials.
17. The money manager! for
each corporation, larg« and small,
will now arrange their financing
needs for two years by either
securing the necessary funds now
or reducing their requests.
IS. Prices of corporation bortds
will not recover so quickly an the
nontaxable. I forecast lower pric
es for most corporation bonda.
19. Many of the smaller and
newer corporations will be much
disappointed by their inability to
secure funds daring 19S7. except
by selling convertible preferred
stocks oa terms wry favorable to
investors. It ii well to is«ue such
securities when money rates are
low because the advantages con
tinue for many years; but not
when money is tight, as such
securities then tie up the borrow
er for a long number of years at
high rates.
20. This means that 1057 will be
a good year for investors to switch
from low-yielding stocks to attrac
tive bond issues.
Real Estate Outlook
21. H6mf building, corporate
expansion, and municipal improve
ments will decline in 1967 There
fore, it will not be a good year
for speculating in real estate.
22. Interest rates on mortgages
will be higher in 1087. Loans not
"federally" guaranteed will re
quire larger margins.
23 Real estate in large cities
will continue Inactive with de
clining prices due to lack of park
ing facilities.
24. Suburban real estate will
continue active, but fewer new
houses will be built Houses will
be for sale by executives who have
lost their well-paid jobs.
29. Purchasers will give more
attention to the siie of the lots
than to the houses. Better loca
tions can be secured by buying
existing houses. Uodern kitchens
will Ueoas a "must."
26. Acreage near proposed shop
ping centers will be excellent for
speculation. The automobile will
continue to raise havoc with real
estate prices, helping some loca
tions and hurting others.
27. New inventions in connec
ting, lighting, and other features
wi|l make most older houaes obso
lete.
28. Large commercial farms will
continue prosperous. Small farms
on the fringe* of cities will be
more valuable. The outlying med
ium-sized farms will be both ex
pensive to operate and hard to
sell.
29. The nearness to schools,
churches, stores, and bus routes
will become a more important fac
tor in the re-sale of homes.
30. Those wishing to own a well
located home to occupy will find
1857 a good year to buy or build;
but a dangerous year for specula
tion.
Stock Market Outlook
31. It is foolish for anyone to
now forecast the stock market for
1097. The Dow-Jones Industrial
Average, now around 400, may de
cline to 400 or advance to 000 dur
ing 1007.
32. All investors will want "safe
ty," but wise inveitort will fint
decide whether they alao want
"income" or "profit." Only by
luck can you obtain all three fea
ture* with certainty during 1967
33. Investor* can buy, during
1997, well-seasoned preferred
stocks (preferable cumulative)
which will give, with safety, a
yield of near •%. I will gladly
send, free of charge, a list of such
to any reader so requesting.
34. During 1997 good utility
stocks should be attractive for
yield and marketability. The de
mand for electricity will continue
to increaae throughout 1997.
39. The above two recommenda
tions apply to those in moderate
income tax brackets. The investor
in medium or high bracket* will
buy during 1997 non-taxable itate,
municipal, or town bond* carry
ing "full faith and credit." Taxea
will gradually Increase during
1997, and non-taxable bonds will
be more In demand from wise In
vestors.
30. I am not now prepared to
advise readers who do not care
for income, but only for profit As
above stated, the Dow-Jones In
dustrial Average may approach,
during 1997, either 400 or 900. It
will be very cany to make a mis
take by either buying or selling
dock* at thia time, except for i»
telligent switche*. I am willing fo
(Continued em page eight)
Burley Brings $61 Average
When the Boone burley tobacco
market recessed for the Christmas
holidays after sales of Friday, De
cember 21, it had sold a total of
2,544,074 pounds, and paid out
*1,368,767 83 to growers, for a
season's average of 161.98 per hun
dred pounds, according to figures
furnished by R. C. Coleman and
Associates, operators of the mar
ket.
This represented a gain of a
half-million pounds over the cor
responding period for 1995, said a
spokesman for the warehouse, v
The market will resume sales on
Wednesday, January i, 1957.
The warehouses are open to re
ceive tobacco every day during the
Christmas recess, and farmers are
urged to bring their tobacco in
any day they wish, so it will be
ready for sale on January 2nd," It
was announced. All tobacco deliv
ered to the warehouse is fully in
sured, the announcement added.
FCX Board Gathers
In Annual Meeting
The annual meeting of the local
advisory board of the Farmer* Co
operative Exchange (FCX) was
held here Wedneaday night with
dinner icrved in the private din
ing room of the Boone Trail Rest
aurant.
Galea W. Scroggs, manager of
the Watauga FCX Service, called
upon Hilton Mpretz, of Boone,
Route 3, to act ai moderator in
the absence of Chairman Sanford
Creed.
Mr. Scroggs, in the manager's
report, cited new services offered
farmers by the FCX since the
new building was erected on South
Water Street.
Among theae, he uid, are a com
plete cuatom grinding and mixing
service, cuatom corn ahelling, and
an egg marketing service which
haa grown from two to three caaea
a week to ten to twelve cases.
It la the aim o( the local cooper
ative to eventually aupply all
Boone atoret with freshly-laid Wa
tauga County eggs at wholesale
prices, said Mr. Scrogga, who urges
everyone to ask for eggs produced
in Watauga County when buying.
A candling station is also planned,
he added, with all egga being grad
(C'ontinued on page three)
WINNING ENTRY—The borne decoration! •( Mrs Bob CfcuN
Decor*lion* conteat, sponsored by the Junior Woman*' Club, '
Garden Club, and the Gardenerette*. A color acheme of BM
with Rudolph'* aleigh being white and hw note a twinkling red.
Guard Armory
Is Assured City
Gen. Manning
Confers With
Local Leaders
The building of an armory in
Boone was aaaured last week when
General John H. Manning, adjutant
general of the State of North Car- j
olina, Raleigh, viaited Boone and 1
surveyed several proposed sites
with town offtciali and Chamber ,
of Commerce leaders.
The armory will be used by the
Service Battel, 112th Field Artil
lery Batallion of the North Caro
lina National Guard, commanded
by Lieutenant Conley Clarke. The
battery is now using quarters furn
ished by the American Legion Post
of Boone, the Legion Hut, which
is not adequate to carry out a full
program as the guard needs.
The armory may be used as a
community center when not in use
by the battery, according to Lt.
Clarke. The guard drills once a
week, and except for that'night,
plans call for leaking the armory
facilities available for town use.
Looking over the sites available
with Gen Manning and Lt. Clarke
was Captain Garland Swanson,
staff assistant, 112 F. A. Bn., head
quarters in Lenoir.
The site sheeted for building
is the James Winkler property,
a little over four acres near the
Daniel Boone outdoor theatre. Gen.
Manning enthusiaatically approved
the site, and negotiations for ac
quiring the* property are under
way. '
Cost of construction of the build
ing will be about $140,000, threc
fourthi of which will be paid by
the federal government and the
reit coming from state and local
sources. Minimum requirements
for the building, according to plans
■hown by Gen. Manning, calls for
a building 128 feet, six inches by
130 feet. It will be of brick coa
struction and one story high.
Included in the structure will be
an assembly,hall, kitchen, banquet
hall, class rooms and office. These
plans make it especially suitable
for community use as Well as guard
use.
Blueprint of the building show
it to be flexible and It can be ex
panded to accommodate a whole
regiment if ever neoessary.
Construction is expected to be
gin by August of 1967?
Lt. Clarke, who has commanded
the local battery since its begin
ning here in February of 1069, says
the maximum Strength of the unit
is 72 enlisted men, thrfc officers
and one warrant officer. Ther»
are some vacancies and persons
interested in joining the battery
may contact him for information
on how to Join and the benefits
to both the guardsman and his
country.
Howard Cottrell, chairman of the
Armory Committee in the Chamber
of Commerce, discussed and went
over the plans with them as a
luncheon meeting Wednesday.
Democrat Will
Observe Yule
The Democrat office It to be
closed Monday, Tuesday and Wed
nesday for the holidays.
Business will be resumed Thurs
day morning
PLANE BRAKES PAIL
I*arkerburg, W. Va. — When
bi'Aes on a Piedmont Airlines
plane failed as it was Uutilkg to a
stop near the airport terminal
buridiitf, the plane plowed through
a fence into the building. The co
pilot and four of the 24 passengers
aboard the plane suffered minor
injuries. The nose pf the plane
wu Jammed bask a law feet.
GENERAL JOHN H. MANNING goes over plan* for armory In Boone
with Mayor Gordon H. Winkler, right, and Stanley A. Harris, manager
of Chamber of Commerce. General Manning approved a site for the
building on a visit to Boone Wednesday.—Staff photo by Joe C. Minor.
Junior Blirley Shoiv'
Ends With Banquet
The Junior Tobacco Show ended
its two-day aetiion Wednesday
night with a banquet (or the 4-H
and FFA club members, at which
awards were made to the winners
in the show.
Mr. Woodrow Richardson, As
sistant County Agent in charge of
4-H work, announced the, follow
ing winners in the crop show:
Dwane Edmisten of Beech
Creek, from Avery County, won
first place; Johnnie Vines, son of
Mr. and Mrs. Roby Vines of
Bethel, second place; Ned Perry,
■on of Mr. and Mrs. Don H. Perry
of VUas, third place; Lenn War
ren, son of Mr. and Mrs. Floyd
Warren of Vilas, fourth; Calvin
Wilson, so of Mr. and Mrs. Ray
Wilson of Zionville, fifth; Johnnie
Hayes, son of Mr. and Mrs. Ralph
Hayes, Vilas, sixth; Franklin Cole,
son of Mr. and Mrs. Willie Cole of
Vilas, seventh; Lenn Matheson,
son of Mr. and Mrs. G. D. Mathe
son of Vilas, eighth; Alfred Bing
ham, grandson of W. A. Cornett
of Trade, Tenn., ninth place; Dean
Moody, son of Mr. and Mrs. Char
lie Moody of Vilas, tenth place.
The boyi were judged on their
record books, the pratices they
followed and the appearance ot
their tobacco. The judge* pulling
lour handi out of Flying, in which
Alfred Bingham won first place.
Franklin Cole, second and Lea
Warren third.
Alao judged by pulling four
hand*—Lug*; Len Warren, firit
place winner, Eugene Moody. *00
of Mr. and Mrs. Charle* Moody,
tecond, and Calvin Wilson, third.
By the same method Ned Perry
won first place in Leaf, Alfred
Bingham second and Kent Yount,
third.
Judges were A*tor Perry, Ex
tension Tobacco Speciallat from
State College; J. P. Satterwhite,
USDA Marketing Service; Jo Cole
man, worehousemen; Cy Johnson
and Earl Morton, buyers for Urge
tobacco companies. Alfred Adams
presented the awards.
Sponsors of the show and
awards were Mountain Burley
Warehouse, Northwestern Bank,
Goodnight Bros., Caudill's, An
drew's Chevrolet, Belk't, Watauga
Savings and Loan, and Stanley Har
ris.
High School Polio
Clinics Are Planned
v ■ i • •' **
Plan* are being laid by the
Dlatrict Health Department to visit
the high schools and hold polio
immunization clinic* around the
first of the new year, according to
a *poke*man for the department.
Dr. Mary Michal. di«tricl health
officer, aaid, "It continue* to be
apparent that the teen-age group,
a very *u*ceptible age group, i*
not taking idvantage of the polio
vaccine while right now i* the time
to get ready for next year."
The clinic* in the high achool*
are expected to give itudents •
chance to get immunized a^nct
the diacase and hi nuke them lln*
ciou* of the need for their taking
the immunization.
Since the Salk vaccine waa first,
released for general use among
the younger people of the coun
try the local health department
ha* mude efforts to get every child
vaccinated. In fact, it was one of
!
the first counties in the state to
visit the schools (grammar) and
administer the shots.
Clinics are held each Wednesday
at Uie Health .Department for the
purpose of giving the vaccine and
persons under 20 years of age and
expectant mothers may be im
munized without cost to them at
these clinics. Until Wednesday,
December IB,, about 39 to 40 par
sons were taking advantage of the
clinic each week, but on that day
112 shots were given by the de
partment in Boonei
The vaccine is available to any
one, any age, at private doctors'
officcs, and everyone is urged to
get immunisation as there are no
known age groups which are not
susceptible.
Sufficient vaccine is available
for everyone who will use it, and
If the vaccine it not used it will
be wasted. ***4