Newspapers / The Chowan Herald (Edenton, … / Aug. 6, 1953, edition 1 / Page 2
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SECTION ONE- Construction And Production Capital Goods Boom; Many Factors To Stimulate Risks Is the boom in construction and production of capital goods, which has been under way since the end of World War 11, running ahead of the expansion of the economy? That question is attracting increas ing attention, and it has a direct bear ing on the outlook in view of the fun damental importance of these private ly-financed activities to continued prosperity and economic growth. It is instructive, under the circum stances, to look at the record for any light it may throw on the current sit uation. What the Record Shows The figures show that the present boom .in construction and capital goods is the second in three decades. There was a comparable one through out the Twenties, taking into consid eration the difference in the size of the economy between then and now. This was followed by a prolonged let down lasting for a decade and a half, all through the Thirties and during the entire period of World War II as well. In only few of these years did the activity in building and capital goods in the aggregate approach pro portions that might be regarded as normal. The present boom got under way in 1946, and it has been going on with increasing momentum ever since. Nat ional defense needs as the result of the Korean aggression in June, 1950, provided an added impetus in the last three years. New private investment in construction and producers’ dur ables combined have averaged more than $45 billions a year since 1950, according to data of the U. S. Depart ment of Commerce. Last year saw record outlays of nearly $49 billions for these activities. Current Figures Unparalleled Such figures are without parallel. Total expenditures for construction and capital goods never touched the S4O billion mark in the Forties, and the comparable figure for 1929 was • less than a third of the present level. - Thus the question of how long ex- i penditures of the current magnitude ■will continue is natural under the cir cumstances. But dollar totals alone are only part of the story, particularly in view of the inflationary trend of prices in re- i cent years. i A factor of primary importance as j far as the outlook is concerned is the 1 long period of subnormal private in- < vestment in construction and capital ] I J? ■ JF; .^mRRIBMp u f I *• • | HI ;y ' $ X t X <>* < > i U. S. GOOD ROUND, T-BONE, SIRLOIN f STEAKS, lb 85c CHUCK ROAST, lb ...55c BONELESS ROAST, lb. ~79c | LUTER’S CELLO PACK X . I Franks j lb. 52c 4 x in 111. 11l I ~ —————————————^Y <> s <; FRESH PICNIC $ iiPORK ROAST, lb. ...45c I SMOKED Hexes, h 49c i ! BALLARD’S BtSCUIIS 2 pkgs. 29c | FRESH cnurntr EGGS, doas... ,72c 33 SELF-RISING v i| CREAM FLOUR 10-lb. bag 91c 3 3 SUNSHINE VANILLA WAFERS, 12-01 )}kg. 37c o / Full Line of Fresh Country Produce I; Griffin’ B Food Center “THE UTTLE STORE WITH BIG VALUES ” 3 3 PHONE 71 NORTH BROAD STREET WE DILfVER 3 3 3 3ooe»soo oseses*ossM»»s»s»w»ooooo»»»oooooo»ooooo»4 Page Two goods from 1930, through 1945, com bined with the fact that the nation’s production machinery was used more intensively than ever before during the lsst war. Obsolescence hdS therefore been abnormally high, especially in view of the technological progress of recent years. This is evident in a special study of the situation in producers’ goods made by the ■ Department of Com merce. This study estimates that a total of $67 billions producers’ dur able equipment, valued ! n cur.-ent dol lars, was discarded in the 1942-52 per iod. This figure represents imout 46 per cent of the estimated $145 billions spent on producers’ durables during these years. For 1952 alone, the fig ured indicate that about three-quar ters of the year’s expenditures for such equipment were for replacement. The Obsolescence Factor The Department of Commerce esti mates that around one-third of the present stock of producers’ durables is still of an average age of 10 years or more. Considering the return of keen competitive conditions in more and more lines and the need for keep ing production costs down, the figure thus indicates that the obsolescence factor in producers’ durable goods is still important as far as the outlook for such expenditures is concerned. As to other elements in the current situation, the American economy has been displaying a dynamic growth trend. It is now more than three times bigger than it was in the Twen ties, measured in gross national prod uct. The population is about a third larger, and total buying power and living standards are very much higher than ever before. All these help to support expanded markets. Along with this, the advent of a new Administration has brought a de cided change in the economic atmos phere with the relaxation of Govern ment controls and the restoration of free markets. Thus there are many factors in the situation today to stim ulate incentive and the traditional American willingness to take risks. PRESBYTERIAN SERVICES | Sunday School at 10 A. M. To meet the needs of the rapidly increas- i ing number of people who are coming ] to Sunday School, three new classes , have been added. Everyone is invit- j ed to attend Sunday School at the Presbyterian Church, where the text- DRESSED AND DRAWN I Fryers j lb. 52c I - n , v ?■ , THE CHOWAN HERALD, TOENTON, K. O, THURgDAT AUGUST 9, 1953. 60p,000 4-H’ers Say “Let’s Help Correct Safety Hazards" an w——i—l Chicago—(Special)—The larg est volunteer army ever organ-, ized for a peaceful mission is now “invading” farms and rural com munities throughout the Nation.' It consists of more than 600,000 4-H Club boys and girls whose objective is to show rural folk how to prevent accidents and fires which result in 14,000 deaths and 114 (million injuries among farm people, as well as destruc tion of millions of dollars’ worth of buildings and equipment an nually. Falls account for 36 percent of all fatal accidents in farm homes and 19 percent outside. More than 50 percent of all fatal ac cidents in working with farm ma chinery involve tractors, and overturning accounts for more than half of the tractor accident fatalities. Safety experts give consider able credit to the contributions made by 4-H’ers for the reduc tion of one-fifth in the number of fatal accidents to farm peo ple in 1951—the last year for which estimates are available— from the estimated annual rate in 1941, the first year of the Na tional Farm Safety Week, which will be observed this year July 19-25. Illustrative of the 4-H’ers do "approach” to the accident prob- j kem, a Tennessee club girl re ported that she picked up broken : glass, rusty nails protruding from boards, and other sharp articles in the farm lot; helped her fa- | tiler and brother become safety i conscious in working with farm , machinery; had a ladder with two broken rungs repaired; per- i book is the Word of God. , Morning worship at 11 o’clock. Ser mon by the pastor, the Rev. James MacKenzie, who is continuing the summer series from the book of Gene sis. Boys’ Brigade each Tuesday even ing at 7:30. Prayer meeting Wednes- FRIGIDAIRE t GREATCIRCLE COOLING W I ?ss&■ * Up-and-oround air circulation surrounds y°u with healthful, refreshing coolness eOdQ QSJ e Cools, dehumidHles, circulates, * ventilates, filters, removes stale air. uhT*rn * C * u * B *' dependable, low-cost operation, quality features, «t a * Meter-Miser mechanism warranted far new low pricel 5 years. ecm-a New Frigidaire Room Ah Conditioners -*■ * . : ' *■' * " y- 1 $339.95 Super 50 sets new standards far complete air conditioning fort. Beautifully styled. Economical operation. RALPH E. PARRISH “Your Frigidaire Dealer” 3, S. BROAD ST. EDENTON PHONE 178 3 iafc-'i. -j- I I Hk JB^BnK^SwSihlf H 9- suaded her mother to use a step ladder in reaching high places in the house, and to always wipe up grease or water immediately if it is spilled on the floor. A Texas 4-H boy reports that their farm tractor often was filled with to overflowing when the engine was warm. He called this unsafe practice to the attention of his father and broth er and now the tractor is filled correctly. His small, brothers fre quently asked to ride on the trac tor, but this safety enthusiast taught them to understand how hazardous it was to hitchhike a ride on a tractor. Similar reports of the 4-H’ers participating in the National 4-H Safety program are legion. In stead of using “don’t” admoni tions, expressions such as “Let’s* Correct This Hazard” prevail. Outstanding 4-H records of achievement in safety are re warded with awards provided by General Motors for the ninth con secutive year. They include sterl ing silver medals for the blue award group in each qualifying county, and an all-expense trip to the National 4-H Clnb Congress in Chicago next November for the state winner. Six state win ners will be chosen to receive a national award, which is a S3OO college scholarship. A handsome plaque, appropriately embossed, will be awarded to the county re porting the most outstanding I county-wide 4-H safety program. I The National 4-H Safety pro , gram is conducted under the di rection of the Cooperative Exten- ’ i sion Service. day evening at 8 o’clock, studies in the book of I Thessolonians. Local i youngsters are invited to use the i game room on week-days. He who receives benefit with grat • itude, repays the first instalment on • his debt. —Seneca $413.95 Twin7s with two Meter- Misers. One operates on moderate days; both team up to double cool ing power on hot day*. $483.95 Twin 100 far larger rooms. Twin 75 or 100 also available with thermostatic Automatic Selective Cooling. State Asked Improve Evans Church Road Chowan County Commissioners were presented a petition Monday morning requesting the State Highway and Public Works Commission to improve k road in the Second Township. The road in question runs from Route 32 to Ralph Dail’s home and is known as Evans church road. The. length of the road is approximately one mile and nine houses are on the road. The Commissioners approved the re quest, which will be forwarded to the State Highway and Public Works Commission. He’ll Get The Cream “I’m engaged in the dairy business at present,” remarked the lawyer. "You don’t say!” exclaimed his friend, the doctor. “Fact,” rejoined the legal light, “I’m milking an estate.” • I FOR SALE Profitable Business DEALING IN Feed - Seed - Fertilizer Hardware Household Appliances and Equipment 0 GOOD FRANCHISE CONNECTION 0 FOR SALE AT INVENTORY EXCELLENT OPPORTUNITY Twiddy Insurance & Real Estate Co. PHONE 413 EDENTON FEATURE I|mHH BY FEATURE :: ! ■ Wkwfooofc i > Idlf FULLY AUTOMATIC E W I : |W* S H i | JI puts all these famous features ! |B | \ And tor Beauty oi Design WW I ||jSl < > \ hes rtmved the I j|||Pj \ \ F—Mon Aoedemy Arnold Jgjjy I j^B CLINIC-CLEAN WASHINGS... EXCLUSIVE WITH WHIRLPOOL 1 Takes just minutes with Whirlpool’s exclusive combination of famous 1 features. They bring you mote effi ciency—more convenience— -longer life for clothes—‘‘money-back’* savings every washday with thrifty suos-msm.* Come in and see why women canWhiripool“WWl«/Mr! t-YIAR WARRANTY ON reAMSMS MOW. •(.S*d*-Miur it optional) Western Gas Service ji \ Edenton, N. G Phone 487 3 3 BTHBBBffCTBfiBRSIjISB3E33EESS3fi9BBfi3SS3 WORLD GREAT COMICS IN S BIG SECTIONS Blondie, Prince Valiant, Hopalong , Cassidy, Little Annie Rooney and Big : Ben Bolt are only a few of the many features found regularly in i 3 big comic sections in color, distrib i uted with the RALTIMORE I SUNDAY AMERICAN Order From Your Local Newsdealer } Legal Notices NOTICE i North Carolina Chowan County i The undersigned, having qualified as Administrators of the Estate of George Bunch, deceased, late of Cho wan County, North Carolina, this is to notify all persons having claims against said estate to present them to the undersigned on or before July 9, 1954, or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will please make immediate payment to the un dersigned. This 9th day of July, 1953. CLARENCE BUNCH, THOMAS E. B|UNCH, Administrators. Ju1y9,16,23,30,Aug6,13c North Carolina, Chowan County. EXECUTOR’S NOTICE The undersigned, having qualified as executor of the estate of George W. Leary, deceased, lave of Chowan County, N. C., this is to notify all persons having claims against said estate to present them to the under signed on or before the 23rd day of May, 1954, or this notice will be pleaded in bar of their recovery. AH persons indebted to said estate will please make immediate payment to the undersigned. This 21st day of May, 1953. LEON G. LEARY, Executor of George W. Leary, Deceased. .Tiilv9.Q.lG.99.9AAii(rGnH PI SOLD ON | Convenient || TERMS ii < ► We invlfe you to sn|oy a Wonderful Whirlpool ,3 3 mi seat Tsui i ! ■ i *
The Chowan Herald (Edenton, N.C.)
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Aug. 6, 1953, edition 1
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