Newspapers / The Chowan Herald (Edenton, … / April 9, 1959, edition 1 / Page 10
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PAGE FOUR SECTION TWO The National Outlook * Progress Os The Recovery By Ralph Robey — ,> From some of the current com-1 ments one might conclude that! the recovery is grinding to a halt. This is far from the truth. Re covery not only is continuing, but is becoming broader and more sound. . Some recent evi dence of this includes: Gross national product, the value of all goods and services produced in the nation, advanced in the first quarter by an estimat ed sll billion, to an annual rate I of $464 billion. These are cur rent dollars but during this pe riod the price level was virtual ly stable, which means that ac tual production increased by the; indicated amount. This carries the total to a new high, as did the fourth quarter figure. The total now is some $37 billion above the recession low in the first quarter of last year. Industrial production, as meas ured by the index of the Federal Reserve Board, rose another point in February, which lifted it to 44 per cent above the aver age of 1947-49. The pre-recession high was only 45 per cent above 1947-49, so the recovery in pro duction has almost reached the previous peak. The February advance, too, was general, with durable goods showing a rise pretty well across the board. Non durables continued their advance of ©arlier months. Outstanding in tha rise was steel production. Buying in that field has been exceptionally heavy because of the fear of a strike on July 1. It is anticipated that in the third quarter steel production neces sarily will decline, but in the fourth quarter it should rise again. Personal income in February made another new high. It was sl% billion above January. The largest increase was in payrolls, which advanced $750 million. Transfer payments rose by SSOO million as a result of the increas ed payments under social securi ty. Agricultural income declin ed further and now is at an an nual rate of one half billion be low last December. Hourly earnings of factory pro duction workers remained un changed for the third consecutive month at $2.19. Weekly earnings were $87.16 and for every major industry group this was above the figure for a year earlier. In primary metals and rubber pro ducts the increase is more than sl6 above February 1958. Both of these industries have shown a sharp increase in hours of work and both have given substantial wage increases. Retail trade remains on the up grade, and is running apprecia bly above a 'ar ago. It still is tc? d -w final conclus as to large an auto mobile year will be, but re cently sales > ve shown an en couraging ncrease. Officially the indusVy is still staying with its early forecast of a 5 G-million car sales this year: however, there is some question as to whether that total will be reach ed. The liquidation of inventories has come to a halt. In the first quarter of 1958 such liquidation was taking place at an annual rate of over $9 billion, and it con tinued a* a drag on the economy throughout the year. With in ventory accumulation, which probably already has started, there will be a lift given to busi ness activity. Business investment in plant and equipment, which also was n drag on the economy most of last year, turned slightly upward in the fourth quarter—the latest figures available—and is antici- by Doctor* and Health Officials for COLDS*" FLU! \ 1. See your Doctor ■ 2. Get plenty of rest 3. Drink lots of liquids 4. Take Aspirin for headaches, fever and pain. ~ SOLD IH EDENTON BY Mitchener’s Pharmacy ♦ Phone 3711 Ipated to continue to increase throughout 1959. The change is small, from a low of $29.6 bil lion to $32 billion in the second quarter, but at least it is on the upside. Private housing starts, at an annual rate and seasonally ad justed, declined in February to 1,320,000. This is 90,000 below the December rate, but still in dicates a good housing year. Construction over-all remains strong. Prices at the consumer level, as measured by the Bureau of Labor Statistics index, remain • stable. In February the index was 123.7 as compared with 123.5 for 1958 as a whole. There are, of course, still some segments of the economy which .have not recovered from the recession. Some industries ■ still are low and some localities l still have serious problems. And ' unemployment is troublesome— • so much so that it deserves treat ment all by itself, i But taking the economy as a ' whole, recovery clearly is contin uing and shows every sign of re ' maining on the upgrade for the remainder of this year. - ■ Hawaii ‘Melting Pot Os World’ The world’s sweet tooth helped . make Hawaii one of the greatest “melting pots” in the world. When the first white men ex plored the islands in the late 1700’s, Hawaiians numbered ap proximately 300,000. But civil wars and diseases brought from other lands' slashed the native population. With the growth of the sugar industry in the 1800’s, the Islan ders looked to other nations to supply the labor needed for plan tations. Chinese were brought to the islands in 1852, followed by Polynesians from other South Sea Islands, Japanese, Portu guese, Germans, Italians, Span iards, Puerto Ricans, Koreans, Filipinos, Russians and Poles. Today there are only about 12,- 000 full Hawaiians 'and some 80,- 000 part-Hawaiians among the . 600,000 Islanders. Here is a breakdown of the , Hawaiian population, according the The World Book Encyclo pedia: Japanese 40% Part Hawaiian 17% Caucasian 15% Filipino 13% Chinese 7% Full Hawaiian 3% Puerto Rican 2% Korean 1% Others 2% TRY A HERALD CLASSIFIED Legal Notice ADMINISTRATRIX NOTICE Having qualified as Admini stratrix of the Estate of L. W. Belch, deceased, late of Chowan County. North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at Tyner, North Carolina, on or before the 9th day of April. 1960, or this notice will be pleaded in bar of their recov ery. All persons indebted to said estate will please make immedi ate payment. This April 9, 1959 MATTIE G, BELCH, Administratrix C.T.A. of L. W. Belch Estate apr9,16.23.30.mav7,14c ADMINISTRATOR'S NOTICE Having qualified as Admini strator of the Estate of Rosetta Parks, deceased, late of Chowan County. North Carolina, this is to notify all persons having claims against the estate of said V ' /W VWW v VWVWWWVW»/WWWW\ deceased to exhibit them to the I undersigned at Edenton, North I i Carolina, on or before the 2nd iday of April, 1960, or this notice | will be pleaded in bar of their recovery. All persons indebted Ito said estate will please make immediate payment. This 2nd day of April 1959. WELDON A. HOLLOWELL Administrator C.TA. Estate of Rosetta Parks 1 apr2,9,16,23,30may7p ; ADMINISTRATOR'S NOTICE Having qualified as Admini i strator of the Estate of Mrs. Kate . E. Dail, deceased, late of Chowan ( County, North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the , undersigned at Edenton, North . Carolina, on or before the 2nd day of April, 1960, or this notice will be pleaded in bar of their . recovery. All persons indebted ■ to said estate will please make immediate payment. This 2nd day of April. 1959. NATHAN D. DAIL. C.T.A. Administrator of Mrs. Kate E. Dail Estate. apr2,9,16,23,30,map7c NOTICE OF SALE OF REAL ESTATE By virtu# of the authority con ferred upon the undersigned in the Deed of Trust from Eva Chappell Willis to him dated De cember 14, 1953, and recorded in the Office of the Register of Deeds of Chowan County, North Carolina, in Mortgage Book No. 67, pages 43-44, the undersigned will offer for sale at public auc tion at the Court House door in Chowan County. North Carolina, on Monday, April 27, 1959, at 12:00 o’clock Noon for cash to the highest bidder the property here inafter described, default having been made in the payment of the indebtedness secured by said Deed of Trust, and the right of foreclosure having become abso lute: Those four (4) lots, with all im provements thereon located in j Edenton, North Carolina, and ' known as that part of the old Thomas D. Warren lot on which there are located four tenant ' dwellings lying on the North side ' of King Street and beginning at a point 389 feet and six inches ■ from the Eastern wall of the, 1 . Court House in Edenton in the Northern edge of King Street, be ing the Southeast comer of the W. C. Hollowell property: thence Eastwardly along the Northern': MONUMENTS MARKERS MAUSOLEUMS Permanence! The desire for permanence It a deep. Inherent quality that exists in every won%. That Is why the guarantee of the everlasting qualities of has such anltppeal, because it is a guarantee not only for this generation but for the fenerations to coi&» • J onshrined In memory for time immemoriaL sjjjh A memorial to honor... to perpetuate In memory ... Is a fitting gesture onfcr ifji has meaning for the future as well as the present. To keep alive the memory of the goodness... the greatness of a personality ... Ida your memorial be one that carries with it the certificate of permanence...the Guarantee. M The Seal, etched on the base of a mono- 9 ment, ft your assurance that it conforms to the highest standards of excellence in design, workman- Jr •hip and quality and that it is backed by a written f I I I m Certificate of Guarantee. I ac* “ * **i’*"■ 9 Daalar'a Nam* | ■ Gentlemen: Please tend me few fire* booklet, ■ * JI l ijUll■w l * 8 ’ 2 How to Select a Memorial, which outline* the S m A f I *1 I Q ■ seven things to be coosuknd when —«’~f ■ ■• ■ ■■ ■ w ■ ■ Cl V 9 j 2 Ahoskie Memorial ■ £-.l ■ Works m Manufacturers of Fine Memorials In Marble and Granite East Memorial Drive AHOSKIE N C. A. W. WOOTEN. Owner TELEPHONE 2069 Samovar 100 PROOF VODKA . If Sanulnjar I || VODKA | ; ■'nit.iMiumm.ionuinaiu.ao 9| 'l- 90 nit VMM. 01 STllli D FROM OR AIM. SCHENIET BIST. CO., N. Y.C ;{• >.:.i <tj i k: ‘inJSEuA ? *M -, i ! ‘ :Mj&k & *•« - . :• . ; .. . THE CHOWAN HERALD, EDENTON, NORTH CAROLINA. THURSDAY. APRIL t 1959 - edge of King Street 166 feet to i the G. T. Leary-Charlton-W. P. 1 Daniels line to a point midway ; between King and Magnolia Streets; thence Westwardly par -1 allel with King Street 165 feet to ■ a point; thence Southwardly at right angles to King Street to the place of beginning. Reference is , made to the aforesaid Deed of ■ Trust for further description. The highest bidder will be re-: quired at time of sale to deposit with the undersigned ten (10%) per cent of the high bid for said property and will pay balance of the purchase price upon delivery of deed for said property. R. C. HOLLAND. Trustee Dated and Posted Marcn 24. 1959. apr2,9,l 6,23 c, NOTICE OF SALE North Carolina, Chowan County. IN THE RECORDER’S COURT FEBRUARY 24, 1959 TERM Under and by virtue of a judg ment of the Recorder’s Court made in a criminal action therein pending entitled “State vs. Thom as Alonzo Small” by His Honor. Marvin P. Wilson, Judge Presid ing, the undersigned will offer for sale to the highest bidder for cash at the Police Station in Edenton, N. C., at 11:00 o’clock, A. M„ on Friday, April 10, 1959,! a 1967 model, 4-door “Fairlane” Ford Sedan, Serial No. D7CT 131240, with radio, heater, Fordo matic, Special motor, and all oth er equipment thereto attached, which vehicle was seized in said action. This 16th day of March, 1959. M. EARL GOODWIN, Sheriff, Chowan County mar!9,26,apr2,9c North Carolina, Chowan County. The undersigned, having quali fied as administrator of the es tate of King Roscoe Bunch, de ceased, late of Chowan County, this is to notify all persons hav ing claims against said estate to present them to the undersigned on or before the 26th day of March 1960, or this notice will be pleaded in bar of their recovery. All persons indebted to said es tate will please make immediate payment to the undersigned. This 20th day of March, 1959. PEARIL B. HUGHES, Administratrix, Estate of King Roscoe Bunch, 314 .W. Queen Street, Edenton, N. C. mar26,apr2,9,16,23,30c I / F* -|p ' '*'**"***"'■ '»J?W*** * - -f;: IT- -J* MR mm h . JHk JHP JHB IB mjjf fV After-Easter SALE WOMEN’S SPRING . % TOPPERS SPRING * * mi v X n Wool and cashmere blends, BSkll -LIrCSSGS new waffle weave women’s V A special selection of spr j ng toppers. A wonderful <3B?* Hb. ’ “ ' litr ?, f ■ j our new spring dress- / fa /gY-V- es - A terrific assort- choice of colors and styles. jJ '-yI *\ <’ "/A- X ment of beautiful col- y / \ \ 7 J or tones. New styl- Sizes Bto 20. /WF. • X. ( t ing and blends of the \ T JLiJ? wla7 : s7x > latest fabrics. You c-ini-in i Sr. V VaafliEa, -My will be wise to buy 10. ) values AA \wy n °w. Sizes for Jr. SALE . flp 4 •vFVF K/p : M-jt.J'.. f J U/ Misses and half sizes. «£'' •* ; SIT 10 $6 " $4.00 saiT SB.OO B§£|H' sals' - suT l “ sl4 ’” SIO,OO AFTER-EASTER SALE! WOMEN’S sn.’oo Q nr : no . ■gSTTSiioo opring Women’s New Spring I Dusters I ¥ T ¥ T Rayon linen, wool and hop- P I PQJLT * A sacking women’s spring Jl JKI Jk Wool, rayon and wool; blends in dresses .. . New spring^JTf^^^g’ ” '&smart new spring suits. Newest colors; rayon satin lining. sty,ing and beautiful new spring Sizes 10 to 22. Look at the MlmM sis II c ;; U ; r h S c te S r^c 9 sa ‘” n 2 " s ; • • and look great savings you’ll realize HHH , , if you shop during this af s9.oo tcr - Elslcrsal ‘" $13.00 $7.00 ytjf SS?* 15.00 2“ $9.00 A. /5f Sr $19.00 £“514.00 If Ml Sr $22.00 New Sprin » Girls’New Spring J CIT IT C DUSTERS Ik ,5-V.? I .*. tip; spring dusteis .. . Blends of weave Npwpst stvlinc/ f*vr thp 9B rayon and linen, rayon faille. New 'veave. .Newest styling lor the / J waffle weave. Beautiful colors of young Miss. Blue, navy, pink blue, pink, mint and black. Smart ■ , ~f , , „. S-JMMitmwm 7 Styling. Sizes 3 to 14. Stock up now and other beautiful colors. Sizes and save big money! ■ 7 to 14. Be sure to check on $3.99 values 0O these for you’ll really save big $4.99 values duo ' SALE $4.99 values AA I \ \ $5.99 values a j ATI SALE SD»UU t V fMf-, $6.99 values ffl- .w, 1 \ SS $5.00 [J% SALE $5.00 <%' j§ \ $8.99 values aa // Jl ' $7.99 vailues Az; aa 4^ SALE SO.UU • - SALE , SO.UU ? 1 DPT Tnx/l r 1 n JC 1 rvr ri i 188 J I m R I fl- I M M |\ B m I I A dB JL- JLmtM fJmmJm JL ■ * .%r,A fcJlilwll H *
The Chowan Herald (Edenton, N.C.)
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April 9, 1959, edition 1
10
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