Newspapers / Carteret County News-Times (Morehead … / Dec. 26, 1961, edition 1 / Page 1
Part of Carteret County News-Times (Morehead City, 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
ALL WHO READ READ THE NEWS-TIMES * * 10/ 50th YEAR, NO. 108. Six Pages MOREHEAD CITY AND BEAUFORT, NORTH CAROLINA TUESDAY, DECEMBER 26, 1961 PUBLISHED TUESDAYS AND FRIDAYS 7962 Should be Better Than 1961, According to Babson By ROGER W. BABSON I. I am hopeful for 1962; it should be a better year for my readers than 1961. Industrial production will exceed that of 1961. 2. There will be neither a nu clear war nor total disarmament in 1962. Considerable progress may be made toward a ban on atomic weapons. 3. Some thirty stocks may reach an average of 1000 during 1962, although these will not necessarily be the thirty Dow Jones stocks. 4. Retail trade will make new records during 1962. Increased newspaper advertising, especially in Colors, will b< a great boon to merchandising. 5. Commodity prices will act erratic during 1962. Agricultur al prices will be held up by leg islation but many metals will sell for less. 6. The official cost-of-living fig ure will rise slightly in 1962, but there may be a scandal in Wash ington over how this figure is cal culated or adjusted. The real in crease in the cost-of-living will be due to increased wages demanded. 7. The only certain shortages during 1962 will be in land suit able for parking places and wa terfront property readily acces sible to building lots; also for automobile “graveyards” near cities which have been zoned. 8. The building of shelters will look silly before the end of 1962. Certainly the Federal Government will not underwrite the building of private shelters for individual fam ilies. 9. Good real estate must rise in price as the population increases. Elementary mathematics deter mines the price of suburban real estate. This is notwithstanding the claim of the “space com panies” which are said to be in terested in selling rights on the moon. There probably are crazier speculations. 10. While the land on which your house now stands should increase in value during 1962, the building itself depreciates from the moment when it is first occupied. A pos sible exception would be certain very attractive ranch houses paint ed in color. II. Automobile production will be the most important statistical indicator during 1962. This ap plies to both the number of auto mobiles and their sales value. We now have no reliabe figures for the latter. 12. We will gradually approach an average of two cars for every family. The life of automobiles should gradually increase. The percentage of automobiles annual ly destroyed will decrease in 1962. IX Automobiles and gasoline will be, increasingly, sources for raising money by taxation. These means will be extended to in clude an additional assessment on the manufacturers of auto 14. Taxes, as a whole, will con tinue to increase in 1962 for every family. Business net taxes, how ever, will decrease in 1962, through tiie granting of depreciation re funds which can be done by Ex ecutive order. The manufacturer may greatly increase his deduc tions for past investiments and new machinery, plant, and equipment. Douglas Dillon feels that such tax reductions will increase the pur chase of new equipment, develop greater efficiency, and result in a net improvement in the employ ment situation. This is good news for 1962. 15. Speculation in real estate and securities will be active dur ing 1962; but good children will gradually be recognized as the best investment. Young people will be married earlier and will want to have large families. 16. Public educatiqn will grad ually be reorganized during the years ahead. Schoolhouses will be built as places to “park the kids’* while the parents are at work. New schoolhouses will be built so as not to be Over one story high, with lots of sunshine. 17. Owing to the lack of air port facilities and to inadequate equipment, there will be increas ing airplane accidents during 1962. 18. With all the above-changes, plus increased public improve ments and longer vacation periods, families must save somehow and cut somewhere. 1 think it will be gin in 1962 with clothing. This will gradually become cheaper and more attention will be paid to col or. IS. The time is approaching when the weaving of doth will be greatly curtailed. Clothes will be made like paper. Plastic coats are already on the mar ket. These are produced by feed ing the cellophane into a ma chine which cuts to desired sises and bonds (not sews) the ma terial into beautifully finished goods of different colors. 20. We will hear more about automation during 1962. But the cost of building automatic fac tories is so great that the change is coming slowly. Even electron ics has been overemphasized. 21. There need be no unem ployment among steel workers during 1962. But Government unemployment figures will re main high. Foreign competition, due to low wages abroad, will be an important factor. Wom en will prefer to work in air-con ditioned factories and have their home pantries filled with precook ed foods. 22. Labor unrest will grow in extent and power. The Kennedy Administration is friendly to union leaders and their demands. There will be demands for more “fringes” in 1962. A steel strike is possible. 23. This means that with in creased taxes, prices of retail products will be higher. This will be blamed on “inflation” of money; but it will be due to in flation of living standards. 24. The real value of the dollar will decline slightly during 1962, due to the decrease in the produc tivity of labor. The electronics industry will temporarily suffer in 1962 if atomic warfare is outlaw ed. But otherwise the electronics industry will increase for some years to come and hold up the dol lar value. Watch polymer chem icals and “epoxy” cements. 25. There will be enough money for mortgages insured by the Federal Housing Administration in 1962. Plenty of money will be available for mortgages guar anteed by the Veterans Adminis tration, although this supply va ries With different sections of i&e country. Interest rates on conventional loans not having any government guarantees will be a little higher. Real estate people will worry about the pub lic’s desire to build, rather than about their obtaining mortgage money. 26. The kilowatt hours of elec tricity produced in 1962 will ex ceed the total of any previous year. This is favorable to utility preferreds. 27. Steel production in 1962 will exceed this year’s 190 million tons, but the increase will come from producing steel in colors. 28. Cement production will foe about the same in 1962 as in 1961, but the industry’s capacity to pro duce is increasing too rapidly in view of the demand. The cement manufacturers must give more at tention to colors. 29. Expenditures for plant and equipment in 1962 will increase, supplemented by large appropria tions for repainting factories and offices in many colors. 30. Newsprint production depends upon the number of newspapers and the amount of advertising sold. I forecast a decline in the amount of newsprint sold' during 1962, but advertising receipts may increase through the better use of colors. This may result in the increased use of coated paper to better take color printing—with a SO per cent increase in advertising rates. 31. Furniture manufacturers are marking up prices so that young couples will buy furniture in the raw and paint same them* selves. 32. There will be some increases in color tv sales in 1962. In fact, I think the present tv market is far from being saturated. 33. First-class postage rates will not be increased during 1962. Hence, more money will be spent ou direct mail selling. This should help job printers in 1962, as their present margin of profit is very small. Billboard advertising will increase during 1962, due to a new kind of paint. 34. Lumber will do well to hold its own in 1962 and much of it will be sold colored. Wall-to-wall car peting will become even more popular, reducing the price of the best hardwood floors. 3S. Fewer “scatter rugs” will be sold in 1962. Rug dealers must go to brighter colors, even for “orientals.” 36. One of the greatest develop ments during 1962 will be the in creased use of color in homes, of fices, stores, and factories. This should increase both the demand for and the price of good paint. 37. Exports will probably in crease during 1962, but the sur pins of trade in favor of the Unit ed States is constantly decreas ing. 38. President Kennedy is en couraged by the recent elections in New York, New Jersey, and Texas. This Democratic trend will continue during 1962, notwithstand ing former President Eisenhower’s campaign speeches. 39. President Kennedy will be more favorable to “big business’’ in 1962 only when he is able to use big business to increase em ployment. Profit margins will not improve during 1962, al though most industries will do better in terms of gross and volume. 40. Bond prices will not change much during 1962, except in the case of “non-taxables.” European investors are buying American stocks and bonds, feeling that their money is safer in United States in dustries and real estate. Even the first mortgage bonds of trans continental railroads arc being bought by Europeans. The manu facturers of West Germany are making huge profits through the use of new machinery and low wages. They are sending their money to the United States to be invested. They seem to prefer suburban real estate, shopping cen ters, and electric utilities. I hope they are not buying into too many “fly-by-night” new electronic com panies. 41. Buying of Mutual Funds will continue to exceed selling in 1962. Considering that brokers make much more profit by selling Mu tual Funds than by selling shares of individual stocks—and consid ering the thousands of salesmen selling Mutual Funds—this should help stock prices during 1962. Remember that the Mutual Funds operators must go to the New York Stock Exchange to purchase stock to support these Mutual Funds which salesmen are selling in the field. 42. The so-called “service indus tries”—including education, beau Ity parlors, travel, entertainment, and government positions—should prosper in 1962. 43. Among the fastest growing industries in 1962 will be the plastics and glass industries. These materials will gradually take the place of wood, stone, cement, and even some metals, —except as these are colored. Plastics and glass will become more important building ma terials and perhaps be used much more for automobiles. 44. Some unexpected event or discovery will cause the Dow Jones Industrial Average to sell much higher during the next few years. As an illustration of what one of these unexpected events will be, 1 mention the polymer de velopments in chemistry, includ ing “DNA” and “RNA”, which may provide the source of life and extend it^-yes, perhaps restore it, in special cases. 45. I am bullish on Capada for safe investments during 1982. Canada has a small population of only about 18,808,#08, but it is rich In natural resources and has a sound, progressive government. I do not expect a nuclear war to be started by Russia; but if it comes, Canada will be a good place to live and to have your money invested. 46. South and Central America also have great natural resources; but most of their countries are ruled by selfish dictators'. I be lieve most of our southern neigh bors will suffer from serious in flation during 1962 and become a great problem for the United States. 47. Although the countries of Europe could be the greatest sufferers in case of World War in, the people 1 meet in Europe fail to realise this. I forecast that they will look at the situa tion more realistically during 1982. 48. West Germany is very pros perous; East Germany is in ter rible condition. Much unemploy ment exists in Italy, France, and even Great Britain. I advise against investing money in Europe during 1962. 49. I am uncertain how to ad vise about Africa. But it is very rich in natural resources—includ ing gold, diamonds, and almost every metal—as well as having the greatest undeveloped water power in the world. Barclays Bank I am personally acquaint ed with and recommend. Both Barclays and tbe Standard Bank are owned in England and have a great many branches; the lat ter has over 858 branch offices in Africa. Readers who are in terested in keeping in touch with Africa may secure free of charge the Standard Bank Monthly Re view by writing the Standard Bank of 8outh Africa, 18 Clement Lane, London, EC 4. The bank* lag of Northern Africa is ^con trolled by the French. I would advise against putting money into Northern Africa during 1962. 50. The final result of 1962— whether it will make us a strong er or a softer nation—spiritually, physically, and mentally—depends upon our parents, teachers, preach ers, and newspaper publishers. These, and not Russia, hold the future of the United States in their hands. (Copyright 1961) Town Board Hears Report On Park Day Morehead City commissioners, in a brief session Thursday night at the town hall, heard a report on City Park Day from commissioner Russell Outlaw. Dr. Outlaw said that Park Day was sponsored by the Woman’s club and that work accomplished was done at no cost to the taxpay ers. He suggested that the board write a letter of appreciation to the club. The commissioner reported that 200 pounds of winter grass seed and 600 pounds of fertilizer have been sown at the park and shrub bery, trees, twelve loads of top soil and a new sign have been add ed. The foundation has been poured for an addition to the rest room facilities, Hie addition will serve as a rain shelter and tool storage space. The Rotary club has con tributed $45 for labor in building the addition. The Civitan club will erect play equipment at the park, Dr. Outlaw added. A motion by Dr. Outlaw that money in the cemetery budget that will not be spent this year be trans ferred to the contingency fund was passed. It was reported that re pairs to the downtown fire station are nearing completion. Town attorney George McNeill read a statute regarding birds, which stated that pigeons are ex empt from protection. Commis sioner S. C. Holloway said one citizen had asked him to see what could be done about exterminating pigeons, since they create a nuis ance in many places. The board agreed to study the problem and take action at the next meeting. Because of the rnsh of the holi day season, the board adjourned to meet again Thursday, Jan. 4. Shooting Occurs Christmas Eve In Beaufort Charges of assault with a deadly weapon were filed against George Streets, 44, Beaufort, on Christmas Eve, following a shooting at Joe Baum’s cafe, Beaufort. Streets, who had been left in charge of the cafe, shot Glen Hen ry, Beaufort, when Henry started a fight after being asked to leave the cafe, police reported. According to police chief Guy Springle, Henry was asked by Streets to leave because be had been drinking heavily. Streets told police that Henry grabbed a chair and hit him over the head with it and then Streets produced a .22 calibre pistol and fired one shot into .the lower part of Henry’s ab domen. Henry was taken to the Morehead City hospital where he underwent emergency surgery. His condition was still serious yesterday. The wife of the injured man swore out a warrant for Streets Monday and he was taken into cus tody by chief Springle. He later was released from jail under $500 bond. Two Babies Arrive On Christmas Day Carteret had two Christmas babies this year, one at Sea Level hospital and one at Morehead City hospital. A baby arrived at Sea Level on Christmas Eve also. Mr. and Mrs. Braxton Taylor, Sea Level, welcomed their baby daughter, Tracy Dawn, Monday, Dec. 25 at Sea Level. On Dec. 24 Mr. and Mrs. Allen Francis Nelson Jr.. Atlantic, had a baby girl, so they .tamed her Christy Eve. Morehead City’s Christmas ba by was a son, born to Mr. and Mrs. Laurie Moore, Marshall berg, at 3:00 a.m. on Christmas Day. The Moores bad not named their son at press time. Sportswear Firm Buys Shirt Factory at Newport Officials Extend Welcome To Southland Sportswear M. C. Howard, president of the Newport Industrial corporation, and Leon Mann Jr., mayor of Newport, yesterday made offi cial statements of welcome to Block Southland Sportswear, Inc., which has purchased Carteret Industries. Mr. Howard, a resident of New port, heads the firm which rais ed money to help establish Car teret Industries, a shirt manu facturing firm. He expressed appreciation to Henry White, Morchead City, president of Car teret Industries. “Citizens of Newport and the county are grateful for what Mr. Henry White and Carteret Indus tries have meant to us, and hope they will get many more projects under way. The Block company sells directly to major markets. We welcome them to Newport and the county and assure them of every cooperation,” Mr. How ard said. The president of the industrial development firm said that nego tiations for sale of the plant have been under way for about 30 days. Successful conclusion of Long-Time Employees Honored Mrs. J. W. Jackson, left, presents a gold watch tp Mrs. Lonise Fodrie for 15 years of uninterrupted employment at the Morehead City Garment Co. The presentation took place Friday during the plant’s annual Christmas dinner and party. Twenty employees, each with 15 or more years service, were presented watches. In the back* ground is Mrs. Sid Massey, employee. Two-hundred fifty employees of the Morehead City Garment Co. were honored at a Christmas din ner and program at the factory Friday afternoon. A buffet style Christmas dinner of turkey and ham was served to the employees in the main plant at 15th and Bridges streets, More head City. Highlighting the program was a Christmas talk by Mrs. Darden Eure and presentation of continual service awards to 20 employees. Mrs. Eure spoke on the effects on mankind of the birth of the Christ child. Mrs. J. W. Jackson, president of the company, presented gold watches to 20 employees who have accumulated a record of 15 or more years of uninterrupted employ ment. Receiving the watches were Lot tie Becton, 22 years of service; negotiations was revealed to greater Morehead City chamber of commerce officials and others last week, Mr. Howard reported. He added that Truman Kemp, Morehead City, manager of Car teret Industries, “will remain active in the new organization.’’ Block Southland now operates plants at Wilmington and Ben son. according to Mr. Howard. The statement of welcome to Fred Block, secretary of the sportswear firm, from mayor Mann follows: “Welcome to Newport! “1 feel that we have just re ceived the nicest Christmas pres ent ever! “The news that your organiza tion is coming to Newport is the best we have had in years. “Your position in the manufac ture of sportswear for many years and the many other fine things we have heard about your company arc indeed good. “On behalf of the commission ers and citizens of Newport I welcome you. “You have our every coopera tion!” Viola Dixon, 16 years; Louise Fod rie, 15 years; Hallie Gillikin, 17 years; Doris Guthrie, 16 years. Lucy Hamilton, 22 years; Willie Lawrence, 18 years; Geraldine Lewis, 23 years; Mary Mason, 18 years; Agnes Merrille, 18 years. Alma Mason, 15 years; Mildred Willis, 17 years; Charles Simpson, 23 years; Etrola Willis, 18 years; Hubert Willis, 22 years. August Schrader, 16 years; Rose Garner, 24 years, Leo Simpson, 25 years; Mae Merrill, 16 years; and Juanita Silverman, 15 years. Leaves Hospital David Gaskill, 16-year-old Sea Level youth who was burned in a fire at Sea Level Tuesday after noon, was discharged from Sea Level hospital Friday. The fire de stroyed a service station, barber shop and damaged the Coast Guard sea rescue unit at Sea Level. Firm to Up Number Of Employees to 200 S. A. Chalk Jr., president of the greater Morehead City chamber oi commerce, announces that Block Southland Sportswear, Inc., will ac quire Carteret Industries, Newport, Jan. 1, 1962. Fred L. Block, secretary of Block Southland Sportswear, Inc., ad vised Mr. Chalk that his company intends to double the production ol the Newport plant at once, increas ing the number of employees from 140 to 200. This expansion will be completed in 90 days. “Our company is one of the top ten shirt producers in America and has an international sales force," Mr. Block reports. “We have op erated in Wilmington, N. C., foi 45 years and have 1,200 employees in our organization. “We are impressed with the em ployees of Carteret industries, who arc above average, and we will continue the present management personnel. We manufacture a com plete line of sport, dress and knit shirts for men and boys. It is Im portant under competitive Condi tions today to operate at least 5C weeks during the year. “Our sales have increased stead ily over the years and we plan to have full employment on a year around basis. We are looking for ward to becoming a part of your community, and expect to be as much at home here as we are in the other communities where we have operation?,” Mr. Block re marked. On a recent visit here, Mr. Block was accompanied by Franklyn Block and David Block, associates. They met with officials of Carteret Industries, Moses Howard, chair man of the county board of com missioners, Dr. S. W. Hatcher and Mr. Chalk, incoming and retiring presidents df the greater More head City chamber of commerce. Mr. Chalk says, “We are very much indebted to Mr. Henry H. White, president, and 'llr. Trum«n Kemp, executive vice-president of Carteret Industries, Inc., for their foresight and efforts in building their business on such a basis that it could be made attractive to an internationally-known company for acquisition and development. “They saw the need and oppor tunity, and through their efforts Carteret has bad a strong boost in its industrial development. They considered, among the factors in deciding to sell, that Block South land Sportswear offered the best prospect for long term growth, full employment and the best benefits for all of their employees, which Were better in every way than they bad at present. Mr. Chalk observed. “The Blocks are fine people with an excellent reputation and are good citizens corporately and in dividually. It Is a pleasure to wel come them to the county. They will find we are anxious and will ing to help them prosper by giving our cooperation in every way in the development of their com pany,” Mr. Chalk concluded. Carteret Industries opened July 1, 1960 and was formed through in vestment of funds by residents of Newport and the surrounding area. The plant is located on the Nine foot road and has been manufac turing men’s shirts. Patrolman Joins Force Edfrcd Gaskill, Morehead City, formerly of Stacy, has joined the Morehead City police department as patrolman, announces Herbert Griffin, chief of police. Children, Band Present Program School children and the Morehead City band entertained Christmas shoppers with carols Tuesday after noon in downtown Morehead Ctty. The masic was under the direction of Balph Wade, band director and instructor of mask at Morehead City school The program waa given oa the Wallace lot where Jaycees were selling Christmas trees. County Officials Issue Report On Hospital • Attorney Soys New Suit Must be Filed • Board Faces Problem Regarding Funds County officials reported this week that things are proceeding as fast as possible to clear up the legal snarl over the proposed coun* ty hospital. To do this, another suit must be brought, according to county at torney Luther Hamilton Jr. The original suit, filed by resi dents of Beaufort, was non-suited when the county board, in an ef fort to hasten the project, agreed to a compromise site in the Crab Point area. The non-suiting action, however, did not satisfy bond attorneys in New York, who handle the mar keting of bonds. To put up its share of the hospital money, Car teret would have to borrow funds, or in other words, sell bonds. The bond attorneys requested that a judgment in superior court be obtained, to clarify the angle relative to sale of bonds. To do this, the county attorney explains, another suit must be filed. This procedure, he continued, takes time. At the December meeting of the county board of commissioners. Dr. L. W. Moore, Beaufort, told the commissioners that they were not acting fast enough to push the hospital project through. , The commissioners explained that they are faced with knotty financial problems. Not only must another suit be filed and a judg ment obtained to satisfy bond at torneys, but this will involve more legal expense; secondly, the Med ical Care commission has stated that the state funds earmarked for Carteret will not be available. While doctors say they can “get the money,” the board feels that it cannot obligate the county any further without assurance in writ ing. Already several thousands of dol lars have been invested in legal fees and in selection of the site which doctors have rejected. Mr. Hamilton, in a statement relative to the hospital matter, said recently, “The county board should not be criticized for the present delay. Another legal ob stacle now stands in the way of issuing the bonds. The board has instructed me to take action neces sary to clear this obstacle and I’m in the process of doing so. “It's a technical, legal matter, and I am proceeding as fast as possible.” The county attorney added, “For me to express my personal be liefs as to reasons that the hos pital project has faltered, and who is to blame, would not contribute to our eventually getting a hos pital for the county.” Wet Christmas Visits Carteret County residents had to settle for a wet Christmas instead of a white Christmas. Weather observer Sta nley Davis recorded one inch of rainfall in a two-day shower Sat urday and Sunday. Most of the rain, .92 inches, fell Saturday. Temperature ranges and wind di* rections were recorded as follows : High Low Wind Thursday .— 54 36 NE Friday . 56 32 NE Saturday . 63 40 SE Sunday ..61 39 W Monday . 47 30 NW Tide Table Tides at the Beaufort Bar HIGH LOW Tuesday, Dec. 26 11:10 a m. 4:49 a.m. 11:51 p.m. 5:27 p.m. Wednesday, Dec. 27 « 11:51 a.m. 5:25 a.m. .. 6:07 p.m. Thursday, Dec. 29 12:34 a.m. 6:06 a.m. 12:31 p.m. 6:56 p.m. ..Friday, Dec. 29-, 1:16 a.m. 7:15 a.m. 1:09 p.m.
Carteret County News-Times (Morehead City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 26, 1961, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75