Newspapers / The Franklin Times (Louisburg, … / Dec. 29, 1944, edition 1 / Page 2
Part of The Franklin Times (Louisburg, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
BUSINESS AMD FINANCIAL OUTLOOK FOR 1945 H9SK ' >? Jt ? * . ? . ?? ? ? THUMBNAIL OUTLOOK FOE 1945 Look for these developments: Farmers' cash in come will approximate that of 1944, which was $2<J billions. Both bituminous and anthracite mining will ran 5* below a year ago. Petroleum output will be upped 5*. Iron and steel will decline 10* A similar drop is in prospect for chemical manufac tures. Lumber output will increase 5*^. The paper and shoe industries will run along on the same lev els as during 1944. Industrial employment will be 7* less and factory pay rolls will decline 10*. Great est single expansion will come in the construction * and building group, which will show an increase of 25* from the low levels of 1944 's first six months. Look for a sham drop in retail trade, especially in luxury items. Electric power output will be reduc ed 5* as war contracts are cut back. For basically the same reason railroad freieht ton mileage will * i* I fall 15V u - By: Roger W. Babson GEVERAL BCSrVESS 1. A year ago the United States Babsonchart Index of the Physic al Volume of Business registered 148.6: today it register* 138, Just ifying my forecast of a year ago. The Canadian Babsonchart Index of the Physical Volume of Busi ness registered 206.9 a year ago; today it registers 197. 1945 will show a reduction of more than 10% both in United States and Canadian business. Furthermore, most of the following cotimei^s apply to both countries. 2. War production is already being cat back and this redaction will rapidly continue througU 1945. Even those railroads and industries which expect to bene fit from a long war whih Japan wilf be disappointed. 3. The re-conversion of indus try from war to peace business will increase daring every month of 1945. Furthermore, time re quired for re-conversion will not be as great as most people beiii**?. 4. Inventories quoted at their price values, rather than volumes, will continue, as a whole, dar ing 1945 about as during 1944. Raw material piles will be larger, but manufactured goods will be smaller. 5. Population Increases in thi United States daring 1945 wil be about 700.000, bat the blrtl of new babies will (all off some what. RETAIL COMMODITY i PRICES 6. Rationing will continui through the most of 1945. Dor ing the early part of the year. .] expect { o see further restriction! especially in connection witl meats, canned goods, etc. C. The retail prices of mosi necessities and some luxuries will be higher daring 1945 thai at present. The prices of som? of the luxuries, such as fnrs, har< already collapsed. 8. Steel prices of goods needed for peacetime manufacture should be a little higher, but prices ol the heavy war goods will decline. This applies also to the heavy chemicals. 9. The wholesame prices ot raw materials in general may de cline during 1945, but most con sumer goods will hold firm or sell at higher prices. For both gasoline and bituminous coal, there may be price concessions. 10. The great question mark of 1945 will be how, to whom and at what prfce the government will dispose of its billions of dollars KOGEX W. *A*SON* Ninr k tb* Kriarw oV finsnrUl msttm I . I ~ i worth of unneeded supplies. -j FARM OCIXOOK 11. The weather will be the' i greatest factor in farm production and prices daring 1945. The weather has been exceptionally _ good on the whole for the past [ few years; bat sooner or later we , will haTe a severe drought or an , early freeze. 12. Pending a weather flpset. 1 t more bushels of corn and whert i and more bales of cotton will be i raised in 1945 than ever before ? in our history. Although somd . prices may slide off, the total jfarm income for the first half of I; 1945 should hold up. I' 13. There should be a 15% de ' cline in bog slaughter and a 5% increase in cattle slaughter. 14. Dairy products will con tinue to increase both in volume and in price. I am forecasting at i least a Z% rise in volume, ?j 15. Farmers will start In 1945' to work again for legislation on I I their parity program, due to fear ; 'of a collapse in all farm prices af-,j :ter the war. TAXES j i 16. Taxes will not be increased ' < during 1945 and some will be re- I dnced; in (act. some nuisance J : ? ? taxes will Tve eliminate! altogeth-' er. 1"? The Federal Debt will con tinue to increase during 1945. 18. Whatever is done abont* taxes, the cost of livin; will con tinue to rise during 1945. 19. Providing Jobs for return ing soldiers will be the big poli tical football of 1945. I am not' now prepared to forecast what will happen in this connection. 20. Through a coalition of Re publicans and" ConserTatlre De mocrats. we should hare a "do nothing" Congress during 1945. RETAIL SALES 21. The volume retail sales will show a decline during 1945.! Prices of ladies' apparel and gen eral luxuries will suffer, while grocery sales should be higher. 22. The total dollar retail sales should be i about equal to 1944] with an increased demand for, woolen and cotton textiles for civilian use. 2^. The best cities for 1945 business should be: Altoona. Pa.; Davenport. Iowa; New York. N. Y.; San Jose. Calif; : Cleveland, Ohio; Wichita, Kaii-j sas. t 24. There will be a great! stampede in 1945 to get rid of the make-shift ersatz goods which; have been made to take the place of good merchandise. Thus, 1945 will witness many "mark-down sales" of unrationed merchandise. 25. Wise will be those manu-. facturers. merchants and consum ers who realize that postwar com petition will be terrific jknd.j therefore, withhold purchases un-' til 1946. FOREIGN TRADE 26. The United States will own over 50% o( the world's ships in 1945. 27. There will Jje an increase in free exports wttn the "Freed Countries", but Lend-Lease ex-j ports will decline. 28. We will make England and Russia large postwar loans pro vided they spend the money in the United States. 29. Both the British Empire and Russia will go into the com petitive foreign trade market dar ing 1945; many cartels and gov ernment monopolies Will be in operation. I, therefore, forecast tiigher prices for coffee, cocoa, , sugar and many other articles for which ve are absolutely de pendent upon foreign countries. 30. No CMtral Bank will be organized nor will the stabliza tibn of foreign currencies be at tempted in 1945. LABOR 31. The Little Steel Formula will be amended daring 194 5. . 32. Industrial employment dar ing 1945 will be off 7% in hoars and off 10% in pay rolls. 33. The bailding of a few new aatos and new houses will be re sumed during 1945. 34. Many industries, now oper ating on a forty -eight-hour week, will return to a forty-hour weea during 1945. 35. Wage rates will not decline, but "take-home" income will be less. . WAR OlTIvOOK 36. The greater part ol Ger-" many's army^will collapse before the German planting season opens In the spring of 1945. Before sur rendering, Germany will try pois on gas. 37. Japan will no* hold ont as long as most people think. Japan, will collapse within six or twelve months after Germany collapses. 38. If Stalin'r health continues, he will be the World's most pow erful man in 1945 and may die- | tate the peace terms, especially | for the Pacific. 39. Sometime after April. 1945 Russia will join (or threaten to) the Allies against Japan but only after the promise of territory pri vileges and a huge loan. 40. The markets may witness a "communistic scare" during 1945; but they should soon re cover thereafter. STOCK MARKET ' 41. The rails will show the greatest decline during 1945, be cause the airplane and shipbuild ing 'stocks are already pretty much deflated. 42. The heavy chemicals, steels and motors may hold their own during 1945: but consumer goods will do much better. 43. The! safest stocks to buy ? considering value, income and safety ? will be the merchandizing stocks, especially the chain store stocks. 44. 1944 saw a large increase in the demand for peace stocks (Continued on Page 3) A 1,000 pound crop of tobacco leave* removes 40 pounds of nit-' rogen. t pounds of phosphoric acid, and (0 pounds of pure pot ash from the soil. FOR SALE The Staley Farm. 339 H acres, between Franklinton and Youngs^ Tille. i . E. H. MALONE. 12-22-3t Attorney, i ? HOSPITAL IJfSURAXCE See or write JACK ROCHE Loulnburi, N. C. 12-8-tf WANTED A good tenant for one-hors1; crop. Good community r.nd elec tric light. See at bnce F. J.. SLEDGE, R 4, Louisburg, N. C., near E<J?ard Bent School. 12-22-2t ? On Pay Day, Buy War Bonds? FOB HEALTHY CHILDREN OF ALL AGES Policies are arallable with an insurance benefit that takes effect immediately or at a later specified date, depending on the child's age. Let a New Tork Life policy help your child to acquire habits of thrift, to accumulate a nest egg and to get the benefit of the lower premium rates for the younger ages. JOHNB. HILL XKW TORK LIFE INSURANCE CO. "08 Oddfellows Building Raleigh, North Carolina Phones: Office 2-3268 ? Home 4606 1904 ' , ' jf 1944 WHTTTS FUNERAL BONE We are proud of our record of forty years of con tinuous service to the people of Franklin and ad joining counties. - p 24 HOUR AMBULANCE SERVICE. We represent New Deal Burial Association. Dues payable Monthly, Quarterly or Annually. ?RATES? Ages 1 to 10 - 5c per assessment, or 40c per year. Ages 10 to 29 - 10c per assessment, or 80c per year. Ages 29 to 49 - 20c per assessment, or $1.60 per year. Ages 49 to 65 - 30c per assessment, or $2.40 ? per year. Join now and enjoy the protection and benefits of our Association. Office: Howell Building, Louis burg, N. C. . EUGENE WILDER, Manager. MRS. EMILY WHITE, Owner. Fq H A DT ANNOUNCES ? I ? n/\K I THE OPENING ? , . '? i OF A ? PULPWOOD YARD ADJACENT TO HIS DOGWOOD PLANT IN LOUISBURG, N. C. , 9 ? ' Highest Cash Prices Paid As allowed by OP A. This yard is opened for the convenience of farmers and pulpwood cutters in this sec tion of Franklin and nearby counties. OUR SPECIFICATIONS PINE PULPWOOD Cut in five foot lengths. Min. 4 inches at small end to 16 inches at large end. Knots and Limbs cut clean. No burnt, rotten, or crooked Pulpwood .accepted. MR. FARMER AND PULPWOOD CUTTER Your Pulpwood is needed right now. Be pa triotic by cutting and selling your Pulpwood today. And the war effort by helping to relieve the shortage of this No. 1 critical war material. F. P. HART, PULPWOOD DEALER L* . * ' v . -v lA. ? _ I '
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 29, 1944, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75