Newspapers / The Cherokee Scout (Murphy, … / Jan. 8, 1953, edition 1 / Page 10
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BUSINESS OUTLOOK Babson Says 1953 Starts In High Business will.start the year 1953 in high gear. The pace will slacken, however, as the year unfolds, with total business volume /oc 1953 smaller than for 1952. The powerful supports of the Great Boom?construction and automobiles?will lose strengt/i as the year advances Barring World World War HI. 1SSS will find business operat ing under leas government con trol than any break of the Ko rean War. But don't expect re moval of price controls to help profit margins. INTBN8B COMPETITION Salient economic feature is the fact that our productive capacity tap now been expanded to the point where, barring World War III. output can take care of both arms and civilian needa. The handwriting la en the wall a gal hat Inefficient operators. Their days are naaabrred. The next year who can control his costs and stay eat front In his market. I strongly urge my business friends to get out and sell, and sell hard next year; but hire the beet cost accountants you can for the beck office. "Order takers" will find fewer jobs as 1953 moves along. WAR AND PEACE My forecasts for 1953 are made an the assumption that World War III will not strike during the year. However, I want to make H clear that "all bets are off" the day Sta lin dies or retires. The H-bomb gives as another lease on time. Our first lease, from Hiroshima in IMS to the A-bomb explosion in IMS, frittered away in Idle bicker ing. This time we will have anoth er "breather." It may be oar last chance. 1953 will be most important in the struggle far World Peace. We will need more than an H-bomb to win the peace. We shall need a great rise of spiritual strength, which is not no wevideat. NO NEW BUSINESS BOOM "Hie long business boom follow ing World War II wes beginning to run out of steam when the Ko rean War gave it a new lease on hie However, the stimulus of de fense spending U already fading. Barring further International trou ble*, defense activity in 1953 will be a floor under, and nat a new stimulus to, bualneai activity. Capital expanse wfll move into a readjustment phaae sometime in 1953. This has been an outstand ing economic force behind our long period of good tiroes Never theless, I do not now anticipate any sharp break In business If a slide starts it should be gradual, not steep. Big credit expansion has been a powerful "shot In the arm" far business daring Use past tws years. I predict that in 1953 loan repayments will become more im portant than^ew credit advances. This could handicap over-all busi ness unless advertising expendi tures are increased. Under an Eisenhower Adminis tration I do not look for expansion of our money supplies as a result of increased deficit financing, ?nius, another stimulating force will be absent next year despite the better confidence following the Eisenhower landslide. MORE CONSERVATISM Although General Eisenhower ran far ahead of his ticket, there has been a considerable gain in the conservative complexion of Congress. The margin in favor of conservatism is not measured by the slight excess of Republicans over Democrats. It results from the fact that several Democrats can be counted in the conservative cohunn The emphasis will be on purifying Bureaus and Commis sions. A11 government departments will be at the service of the Re publicans after January 20. Never before in the history of the United States has a conservative govern ment had such a powerful bureau cracy at its finger tips. In 1953 we shall see the use of these bu reaus to aid rather than handicap business. HANG ONTO YOUR JOB 1 Unemployment will be na prob lem for the workers of the nation during the early months of 1953. The demand for and the supply of HOLIDAYS WITH TAYLORS Mr ud Mn WMUam & TSytar at Mm. Mary IMrn of Topton. Mr Hdlin Elbert Kel son and (Uufhlcr, Rone Mary of Chemberlee, Ga. and Mr. and Mrs. R M. Ruflner at Daadrtdce, Tan., spent the holidays with Mrs. Mattie A. Taylor and son. fnal Ray Si mans has returned to Mars Hill CoUess to resume his Mrs. Paul Slmms motored to Mars Hill to take her son to school and on the return trip stopped In AjSievllle on labor promise to hold in good bal ance. L*t>ei\ however, unemploy ment will Increase, reaching its highest point toward the end of the year. While eaaplaymeat runs high daring the first part of the year, strikes will con tin Be to plague management. Unions, however, will he eaatteas ae that they win not bring dawn an their heads the legislative wrath of a conserva tive Congress. During the early months of 1953 amendments to the Taft-Hartley Act will be moderate. Great labor turmoil would surely result In severe reertrtctione on labor being read into the Act. All In all, I forecast a decline hi strike totals for 1953. Looking to the year 1953, I an urging my friendB and their chil dren to work more faithfully at their jobs. They should not be fooled by present high demand for labor. Early 1953 should be used to "dig in" and work harder Drifters will be the first to be bet go. PRICE FORECASTS Barring World War III and se vere droughts, the supply of most raw materials, farm products, and manufactured goods promises to be adequate during 1953. Even the so-called invisible inventories in the hands of consumers are high as a result of heavy buying since the outbreak of the Korean War. I anticipate few shortages next year. Do not forget that there is al ways a big IF in the supply situ ation with 'regard to farm pro ducts. Severe drought could cause havoc. One is already long over due. Scan closely weather reports from the nation's "bread basket." The demand for goods will be stronger in the first half of the year than it will during the last half. Disposable Income will hold close to current high levels during the first half of 1963. Total pay rolls will hold well, with prospects favoring a slight drop during the late months of 1953. (Continued on page 12) ASenational NewDn by U.S.ROYAL m Features and Performance % never before available m at such a Price! Only 12.95??, 440 x It I EAST CtHtIT TERMS TO SWT TOW CONVdlEIICE (OR THE FIRST TIME AT THESE PRICES! \ ^Stopping Power?Skid Resistance ?Tire Mileage and Economy Beyond all previous standards! NOW AVAILASLS AT YOUR U. S. ROYAL MALIR GraVes Tire Co. Phone 300 Murphy, N, C. FOLKS ARE YOUNG WHERE WE COME FROM Taken as a whole, residents of Cherokee County are younger* than their compatriots in other parts of the United States. This age differential is brought to light toy the Census Bureau after an analysis of data gathered in the recent tabulation. The median ate at people la County is given as 23 4 , signifying that there are as above that age as there are Other revealing data on the population trends In Cherokee County and shwtwt has to do with the 1 inn silt In the number at persons at age 05 and over. Ad vances In medical science and bet ter living standards have had a marked effect in lengthening the life span and causing this ln In Cherokee County, the Census Bureau reports, 7.0 percent of the population Is in the 65 or over bracket This above the proportion found In the rest of North Caroti ns, 5.5 peroent. ? Of greet Interest also is the pro gressive change occurring in the labor force, with an increased muqber at married women hold ing down Joba. In 1940 only one out of every nine married women in the United States was in the la bor force. This proportion has ris en to one out at every five. In Cherokee County, the Cen sus Bureau found, 16.1 peroent at the female population over the age at 14 was in the labor force. The corresponding male percent age was 73.2. The civilian unemployed locally, meaning those who wanted Jobs and did not have any, was only 5.3 percent. I WILDLIFE CLUB The regular meeting of the An drews Wildlife Club will be held at the American Legion Hut, Mon day, January 12, at 7:30 p. m. Recent studies show that a cow grazing on five-Inch pasture eats about 125 pounds of herbage per oay, enough to produce 40 to 50 pounds of milk with 4 per cent butterfat. Cross Dies In Nantahala WlHUm Franklin Croat, 68, a retired fanner, died at 11:45 p. m Sunday. Dec. 28, 1052, at hit borne at Nantahala after seven Funeral aertfces were held at 2 p. m. Tuesday, Dec. 90, In Brlar Baptlst Church. The Rev. T. D. Dennay, the Rev. Moees Woodard, and the Rev. John Freeman offi ciated and burial was in the church cemetery. He was a native and lifelong resident of Macon County, the son of the late W. F. and Alice Bady Cross who were originally from Haywood County. He was a member of Brtartown Baptist Church and had served as deacon of that church tor a number of years. He is survived by the widow, Mrs. Allie Dalrymple Cross; three sons, Arthur H. and Carl of Nan tahala, and Oscar of Asheville, and three grandchildren. Also three brothers, Clifton and Ed of Nantahala, Jess of Hayee vtlle, and one sister, Mrs. Albert Arnmoni of Bryson City. I vie Funeral Home was in charge of arrangements. Color Pamphlet On Insects Available The North Carolina State Col lege Extension Service has just is sued a new publication giving a detailed account of Insects that at tack vegetables in North Carolina and telling gardners what they can do about it. Entitled "Vegetable Insect Con trol (In North Carolina)," the 24 page circular, prepared by Paul O. Rite her, professor of entomol ogy, end George D. Jones, in charge of entomology "extension, at State College, teUT the story of insects with the help of 21 color photographs and nine black and white photographs and drawings Showing 30 bugs at their destruc tive work on vegetables. Nearly 48 per-eent at Warn fond* used for carrying out practice* under the 10S1 Agrtcul turel Ooneervetion Program went for the estebtttunent at protective cover end green manure crops. 1 Don V get caught short some cold A.M. .. wtth DRY-FKOOF Double Eogie uortery .if GOOD/YEAR ? Requires water only three times a year under normal driving conditions. ? Extra plates ? outlasts ordinary batteries up to 100%. ? Shock-absorbing, felted Fiberglas insulation. If your battery hat gone through the heat of 2 summers, if* very likely to go dead some cold morning this winter. Don't be caught short ? start sure. Get Goodyear's drv Droof Double Eaale NOW. Allison & Duncan Tire Co, lnc , TIRE SERVICE HE-VDQUAKTBBS Peachtree St.. Murphy, >. WARNING Notice To All Dog Owners All Dogs that have not been inoculated are required By Law To Be Put Up For Thirty Days After January 1. If A Dog Has Been Biten By a Mad Dog Or Owner Has Reasons To Believe The Dog Has Been Biten, The Owner Must Kill The Dog Im mediately, According To State Law Or The Owner Will Be Guilty Of A Misdemeanor. Town Of Murphy
The Cherokee Scout (Murphy, N.C.)
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Jan. 8, 1953, edition 1
10
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