Newspapers / Watauga Democrat (Boone, N.C.) / Dec. 26, 1963, edition 1 / Page 4
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Babson Sees Good limes, Tax Cut, Johnson Winning ?' ^ ^ -.-^V.'. /.,.: JH. ~.i,V ? V< A ^ . " V< - * M '. ,.' (Continued from page one) Dow-Jones list will do better proportionately in 1964 than they did this year. SWITCHING. Based on my above forecast, and having learned that only buying can send stocks up, I predict that 1964 may prove to be a good year to switch from some of the overcrowded Dow -Jones stocks into other issues that are now overlooked. GOVERNMENT BONDS. The only government bonds that in terest me are the long-term ones which may now be purchased at a discount to use in payment at par for death taxes. I forecast that more governments will be issued during 1964 and that their prices may gradually sag as money becomes tighter. CORPORATION BONDS. Those buying corporate bonds should either stick to issues of under five years' maturity or keep their money in the savings bank. I predict that long-term corporation bonds will drop in price in 1964 as interest rates rise. TAX EXEMPT BONDS. Like wise, I predict that long-term tax-exempt bonds will decline next year. They are even more overpriced than corporation bonds, because of heavy bank buying during the past two years. I do not look for this to be repeated in 1964. Therefore, I would certainly confine buy ing of tax-exempts to short ma turities; and I would avoid revenue bonds. INTEREST RATES. I fore cast that interest rates will con tinue at least as high as today, and will, possibly rise through 1964 in order to keep gold here in this country and uphold the value of the dollar. DEVALUATION OF GOLD. I forecast that there will be no devaluation of gold during 1964. I am personally acquainted with conditions in Africa, and will say that those who wish to speculate in gold mines should consider American - South Afri can Investment Co. Ltd. Read ers should remember, however, that gold-mining stocks will go down as well as up, in accord ance with many different condi tions. PROFITS. I forecast that cor porate profits will continae to rise in 1964, though possibly at a somewhat slower pace than recently. COPPER PRICES. Commodity SKY-VU DRIVE-IN THEATRE Saturday ? Sunday December 28 - 29 ANEW KIND OF LOVE Paul Newman Color prices are dependent on two factors: demand and supply. Take copper: I believe demand will continue to increase during the electrical era we are now in. And, since my visit to Africa, I feel the supply of copper is al most unlimited. Hence, I fore cast little change In price on balance in 1964. OTHER BASIC RAW MA TERIALS. With some few ex ceptions, the above applies gen erally to many of the basic raw materials, including iron and steel, and especially aluminum. The present firming in quota tions will not carry much fur ther and could be subject t of setbacks later in the year. SUGAR. Sugar prices, how ever, will hold in a general^ high range all through 1964. BUILDING ? SUBURBIA. I forecast that new building will continue around present levels through 1964, with additional growth in "suburbia." This ap plies to single homes and to apartment houses, which could easily be overbuilt as the hotels and motels have been. PUBLIC CONSTRUCTION. Otherwise, strength in building will occur mainly in the public sector ? especially road building. REAL ESTATE. I predict that farms on the "right side" of cities will constantly increase in value during 1964. I say "right side" because every city seems to have some one best direction in which to grow. This usually is toward the higher land and often to the west; but this is something subdivision developers must watch very closely. RURAL AREAS. As I have said before, the way to buy real estate profitably is to drive out the main road away from the city in which you live, on the "right" side. Every few miles, stop and injuire the price of land; so long as it is quoted by the foot, get back in your car and drive until it is quoted by the acre. Evrything else being equal, I forecast that the pur chase of this land in 1964 will show you a profit over the long term. FLORIDA PROPERTY. There is still a lot of land in Florida, and there are many retired peo ple who are hoping to move there. I forecast that your best Florida buy in 1964 will be waterfront property. God made only so much waterfront land; but there is an enormous amount of interior land which for many years will be good only for pasturage. Do not buy land ? anywhere ? until you see it; don't depend on blueprints, catalogs, and super sales organ izations. FLOK1DA HUME. 1 DCIieve B small home in ? small Florida city, and ownership of the va cant lot on each aide thereof, will prove a safe and attractive investment in 1904 for anyone who has a check coming in regularly from the North. ADVERTISING. While TV advertising will continue strong for patent medicines and some other products, I forecast that honest newspaper advertising will hold its own. Newspaper ads can be cut out and kept for reference, which is impossible with radio or TV ads. NEWSPAPERS. I forecast that competing newspapers will continue to consolidate; and there may possibly be a return to the days when newspapers represented the opinions of some one man with courage, in fluence, and personality rather than the decisions of a "cold" board of directors. Note this it CHRISTMAS BLESSINGS TO ALL OUR FRIENDS Trailway Laundry, Inc. Boone, N. C. something television I* already trying to develop in its news reports, and newspapers must match It STRIKES. I believe that 19M will be free from large strikes. The "big show," of course, will be the negotiations between the auto workers and manufactur ers. However, I predict that both sides will arrive at a peace ful settlement before the dead line. WAGES. While labor will not get all the pay increases It wants in 1864, it will get the equivalent in "fringe benefits." EMPLOYMENT. X forecast employment will rise further in 1964, due to a prosperous econ omy with new and expanding operations. Unemployment will rise, too, because of the influx of young job-seekers and dis placement of unskilled workers by automation. WORK WEEK. There will be continuing agitation to cut the 40-hour week in 1964 to a 39 hour week with the same pay. I forecast this will not be ac complished. There may be a compromise to 37H hours, though this will depend largely upon President Johnson. FOREIGN TRADE. Rising automation in the U. S. in 1964 will enable us to compete more effectively with lower per man hour labor costs in Europe. La bor costs hi Italy are already rising, and inflation is threaten ing Europe . . . particularly Italy and France. INFLATION. Like the rest of the world, we will be tempt ed to resort more and more to inflation; but I forecast this will not be a vital factor in 1964. LIVING COSTS. There will be continued upward pressure on living costs during 1964, even though the Administration may soft - pedal any abnormal rise in the Labor Department's index to prove that costs are being hejd down. RETAIL SALES. I forecast that 1964 will show an increase in retail sales and in install ment purchases. RECREATIONAL EQUIP MENT. I forecast that the great increase in leisure time and the consistent gains in personal income will give manufacturers of recreational equipment a prosperous year in 1964. SYNTHETIC POODS. I fore cast that many new synthetic foods ? cheaper than the natural, and just as healthful ? will ap pear in supermarkets in 1964. SYNTHETIC CLOTHING. I forecast that this new industry will develop notably in the U. S. during 19M, particularly as re gards specialty work clothes. AUTO PARKING. The auto companies are devoting much study to the parking problem. I forecast real progress toward mechanical parking in 1964. SEAT BELTS. I predict that insurance companies will put added pressure during 1964 on all state governments to enact legislation requiring 'roH- up" seat belts on all cars. NEW INVENTIONS. I fore cast that rapid strides will be made in 1964 in the direction of transferring mass through mat ter. ELECTRONIC PRODUC TION, I forcast a great increase in electronic manufacturing in 1964 . . . with emphasis on adaption of space efforts to mil itary applications. AIR CONDITIONING. I pre dict radical changes in air con ditioning in 1964 via the reduc tion, and later elimination, of moving parts in the heat-with drawal machinery. ELECTRIC HEATING. I forecast experiments in electric heating in 1964 whereby radio waves will heat only the indi viduals in the room, but not the air. OCEANOGRAPHY. I forcast great developments in 1964 in mineral recovery, food supple ments, new chemica!\ deriva tives, etc., obtained through oceanographic research. CUBA. People in Florida have no reason to worry about their nearness to Cuba in 1964. Russia will undoubtedly keep a controlling finger on Cuba un til she decides to withdraw in NOTICE Effective Jan. 1, 1964 Office Will Move To Bulk Plant ?> HeatingOil| * Economical ? clean burning * We deliver automatically R. D. Hodges, Jr. Agent humble on, * REFINING CO Mr ANT Boone, N. C. Phone 264-8251 Paul Weston Studio 105 Appalachian St. ? Boone, N. C. a swap of some kind with the U. S. in connection with Berlin or West Germany. S WAR. Here will be no World War in 1964, and even the "cold war" pressures should gradually so/ten and prove less costly. I, however, am watching carefully how President Johnson and Pre mier Khrushchev get on to gether. RUSSIA. I predict that the Russian government will vastly Increase the manufacture of electrical appliances, and will have a 100* -owned Installment company which it will operate without competition. When I was in Russia it was evident from my talk with the young people that they would have to be given more of the advantages enjoyed by the free nations. In this connection I should say that, like the U. S., Russia Is very rich in natural re Under New Management DINING NIGHTLY Dine & Dance Blowing Rock Ski Lodge SUPPER CLUB Square Dancing Every Friday Night Ball Boom Dancing Every Saturday Night 8 to 1Z LIVE MUSIC BY THE VALIANTS New Year' 8 Eve Variety Show For Reservation! Phone 264-2396 or Baldwin 839-2501 $5.00 Per Couple 1 Mile North of Blowing Rock on U. S. 321 We welcome the festive season and this opportunity to tell you how much pride and pleasure we take in your friendship and loyalty. Have a very happy holiday! Raymond E. Harmon Agent Nationwide Insurance FCX Bldg. 264-8368 . . . and Best Irishes TO OUR MANY FRIENDS And along with our fondest wishes that every wish will come true for you, we also extend oar sincere "thank you" for your loyalty during this year. James and Frankie Greene Cannon Ward ? Alton Morets ? Beacher Matheson Clay Eggera ? Gene Smith ? Bennett Byrd , Boone Supply Company sources ... in research. ThU latter is especially important these days. I was much im pressed. during my visit, with the Russian educational system which is developing a very able feneration of young people. I Forecast, however, that Mr. Khrushchev'* real problem will be how long he will be able to hold theae young people In line! Arkie Hampton Rites Are Held (Continued from page one) of Cheaepeake, Va., Mrs. James Cleveland of Indianapolis, Ind., Mrs. Ben Austin of Lenoir; two brothers, Linley Hampton and Spencer Hampton of Route 4, Boone; three listen, Mr*. Can nie Wheeler and Mrs. Elisa Storle of Route 4. Boone and Mrs. Eliza Johnson of Elisa beth t o n, Tenn. Twenty-two grandchildren and eight great grandchildren. if. . ._ you want to buy or tell a home ... a farm ... a business . . . watch this space for real values! WE NEED PROPERTY TO SELL HOMES, FARMS, ACREAGE 1 ? 19 ACRES, good 2 bedroom house, 54-100 tobacco base. Located 2 miles out Ideal for summer or year around home. 2? APARTMENT WITH GARAGE and one acre lot, lo cated 1 mile west of Boone. Price $6000.00. Immed iate possession. 8? THIS VERY PICTURESQUE HOME, on top of the mountain, custom built 3 bedroom, two ceramic baths, terrarzo floor, sun porch, large brick fircplace, built in stove and dishwasher. 3? BUSINESS HAS BEEN GOOD. We need listings for all types of property. 4 ? RUSTI8 ? Old house, need of repair, one acre lot, lo cated near Parkway, 6 miles out. Price $4000.00 ? Good terms. $25.00 per month. 0 ? TWO GOOD HOUSES. 2V4 acres land. About 1 mile out. Let one home pay for entire property. $13,500. 7 ? GOING BUSINESS ? Immediate possession, located on Blowing Rock By-Pass. 250 ft frontage, include* liv ing quarters. Ideal for husband and wife. 8? COUNTRY LIVING? Good, 3 bedroom, ranch type house, family room, 2 baths, double garage; full base ment, automatic beat Located 1 miles out Priced for quick sale. 9? WHY PAY RENT for a summer place. You can own a year around log house. Two stone fire places. Three large bedrooms. Modem bath and kitchen. Will sell for $8875 with 1 acre lot. 10? NEW 3 BEDROOM BRICK, ltt ceramic bath. Large fireplace. Built in stove. Carport. Price $16,500. Small down payment. 12 ? MR INVESTOR: Corner lot, ideal for shopping center, a real investment 13? INCOME PROPERTY? Service Station and Restaurant ? Located at intersection of two Highways. Leased by major oil company. 14? NOT FOR EVERYBODY, but if you can use it? you can't resist it Good 4 bedroom house, bath, com pletely furnished. Will sleep 15 people. 10 acres land located near Banner Elk. Good terms. Price $11,750.00. 15 ? FOR RENT ? Garage apartment, large lot Just out side city limits. $45.00 per month. 18? A LOT OF LIVING for just a little money. Will sleep twelve people. Separate bunk house for guests and relatives. Beautiful view, located just 3 miles out, near Golf Course. All this for just $6750.00. 17? GOOD OLD 2 BEDROOM HOUSE. Large spacious lot street to street Immediate possession. $10,000.00 18? NEW 2 BED ROOM ? Full basement, carport, hot air heat Lot 100 x 190. Immediate possession. 19? QAULITY MOTEL? Ideal Location. Confidential lut ing. No information over telephone. 20? EASY LIVING? Monthly payments $56.00. Two bed room house. Automatic heat Large wooded lot. Im mediate possession. 24? DONT MISS THIS ? The best downtown property available. Ideal for motel, or apartment First time offered for sale. Located next to College Campus. 26 ? GOOD, 3 bed room house, bath, one acre land. Located about 4 miles out Price $9500.00. 28? YEAR AROUND VACATION HOME? 2 bedroom log cabin, small pound, rustic inside and out, plenty of trees. 2 miles out 82? COMMERCIAL LOT 78 x 85 located on West Howard Street WE NEED LISTINGS FOR 8 BEDROOM HOMES Coe Insurance & Realty Co. "Dial AM 4-8256 ? 217 Main Street
Watauga Democrat (Boone, N.C.)
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Dec. 26, 1963, edition 1
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