Newspapers / The Perquimans Weekly (Hertford, … / Jan. 29, 1954, edition 1 / Page 5
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THE - PERQUIMANS WESSLT, HERTFORD, N C, FUDAYJANUARY 29, 1954. PAGE FIVE r:;r cvczntln Ibslng lt'$ Prrate rtg2G Lcnurs ll;:p Finance Gain 1 glimpse of how housing has im- ved in recent years is provided by a Bureau of the Census in statistics sed on information collected in the C50 Census of Housing. 1 ' While the typical home in the Unit el States has long been a single-family detached residence, the figures show that this is more true today than ever. It has all necessary indoor plumbing facilities including hot wa ter and bath. It is in good repair. Chances are better than even that it has central heating. About four out of every five have mechanical refrig eration,, and practically every home has a radio. More and more have television sets. - ; . . -; W Over Half Owner-Occupied '.,v; The average home, too, is owner occupied, a characteristic which ap plies to more than half the dwelling units 1 in the United States. ' Some what less than half of all homes are mortgaged, but there are proportion ately more mortgaged homes now than in 1950. Reflecting the record I housing boom since the end of World war 11, aoout one nome m every live nrV dates from the middle of the last decade. . ' ' These are among the highlights of the Census Bureau's housing data, but; they srive only an inklinsr of the vast i VujrtvtwWAYnATtt llAMainf tliat Vio o fair- ! l m fi.jA v t w..w.w uvumiig viiu u iiuu van, I 'rflfi en place in recent years. The figures for example, do not touch on the tre mendous volume of modernization work and additions, so much of It on a "do-it-yourself" basis, that has gone into millions of homes over the last decade. Nor is there data for such innovations and conveniences as home lafwiV-oaWitiflP llAwtitaa funn.nwl nM1 UUU UHlllg UCCOCIfl) dJlU tvur-conuiuonuig units, wnicn nave enjoyed a boom. This housing record has been a pro- A,.l 9 1 - J social factors. Among these has been an abundance of mortgage money, -a 1 ! . . . . E .nmae avaiiaDie Dy private sources, no tably : by the nation's thrift institu tions. According to the Federal Re serve Bank of New, York, the life in surance companies, savings and loan associations, and banks combined absorbed- seven-eighths of the post World War II increase in small-home mortgage debt and held approximate ly four-fifths of this debt at the end of 1952. .- ' ' Contribution of Life Companies The figures show that the life in surance comoanies made the Mowst fcfoifartionate contribution of all nri- vate lenders to the supply of home mortgage loans in the post-war per iod. The total mortgage debt on one-to-four family nonfarm homes rose Ifrom $18.5 billions at the end of 1945' t an estimated $58.2 billions at the end of 1952, an increase of 214 per cent, according to the Home Loan Bank Board, The life insurance com panies alone supplied $9.5 billions of this increase, their home mortgage loans rising from $2.3 billions to $11.8 billions in this period for a gain of 422 per cent :, w-v.'A.j '' ' :,!' This rate of train wait not onlv practically double that of the national average but it was nearly half again as neat as that of the cnmmpivi'nl banks, which were the runner-up in percentage increase In holdings of the home mortgage debt in the 1945-52 period. : ' ! ' As a result of this dpvplonment. the. life insurance companies were the sec ond largest holder of home mortgages at the end of 1952 as against fourth in 1945. And while making this contri bution to better American housing, the life insurance companies ' were likewise maldnar available hillinns of dollars of loans to business and in dustry for expansion and were in creasing their holdings of farm mort gage loans. Home Valuations Up Sharply One of the signs of the times in the housing field is the extent that home .valuations have risen over the last decade in response to the increase in construction costs and the advance in the sreneral nrice level. The Bu reau of the Census placed the median valuation of all non-farm occupied dwelling units at $7,854 in 1950 as compared with $2,996 in 1940. The median valuation for nil rwvni. pied urban dwelling units in 1950 was aoout si.uuo higher than that for all non-farm homes, but in many city areas the fiirure vma mnoli Mo)- er. The median for dwelling units in tne btamrord-Norwalk urbanized area for example, was $14,619 in 1950, the highest in the conntrv. as rnmnnmut with the national median of $8,280 for an urban dwellings in that year. Washington was close behind with $14,373, followed by Hartford with $3,425, New York with $12,529 and Chicago with $12,502. i More than half the homes had val uations of over $10,000 in 16 other urbanized areas. These were Albany Troy, Boston, Bridgeport, Cincinnati, Cleveland, Los Angeles, Madison, Milwaukee, Minneapolis-St Paul, New Britain-Bristol, New Haven, Niagara Falls, San, Franeisco-Oakland, San Jose, Syracuse, and Waterbury. A noble soul is like a ship at sea, That sleeps at anchor when the ocean is calm. But when she rages, and the wind blows high, He cuts his way with skill and ma jesty. Beaumont and Fletcher. ' l'- - -------------- - - - --- - -i--,--r----i--B-M-M'rMrMffAAAAAWAAAJtAALnjUVVXIVV Hertford Motor Co. HAS I aaaasoag ; I I A big 9V4-cu-ft, dependable, aTJ new General Electric Refrigerator that's got tvery practical feature you could want And to compact. llg Ml-wlcMi freezer y 4 Space Maker deer shelves 2 Uf vegetable drawers 4 Mi4th chiller tray O Aluminum shelvM O" And lots siore yen should seal SPACE MAKER REFRIGERATOR V MODtt u-m 4 I I' o avsZabte fat Modal LA-92K with f VfrtkdmweraiwithoutSpmce tLljjtisot shelves, at lower cost. ' Easy Terms Ow 1300,000 O-l Mrff I rater wHfc mlri la 7 mii hm aM hi ftr 10 ; cons I. TODAY! ' i -CUARLiD UI.IPIILETT - L' AT . - j Fcnncrs Urged To Shoot At m Of Cotton Acre In '54 M. G. Mann, general manager of the N. C. Cotton Growers Association, has called on North Carolina fanners to shoot for a bale an acre in 1954. If growers will attempt to average 500 pounds of lint to the acre, he said, this will cushion to some extent the rather drastic reduction in cotton acreage under the government's farm program. Average yield during the past 10 years has been approximately 850 pounds short of the 600-pound goal Mann is urging for 1954. - Under the present law. North Caro lina' has been allotted 528,000 acres for the production of cotton in 1954. Last year growers planted 781,000 acres, yet because of poor growing weather, the 1953 harvest has been estimated at 453,900 bales, an aver age of only 280 pounds of lint to the acre. ' The year 1952 was considered more normal, Mann said. Then growers harvested 569,000 bales from 745,000 acres and received from both lint and cottonseed an income of $118,000,000. Income during the year just closed was only an estimated $85,000,000. "With the sharply cut acreage this year," Man went on, "it is possible that our income from cotton this year can drop as low as $60,000,000 or only about half of that of 1952. "However," he continued, "if we could produce a bale an acre on every one of the 528,000 acres allotted, our cotton Income would aimost equal urn of 1952 and Would ha wall tluvn lust year's. Government supports will as sure growers of prices near the 1952 and 1953 levels." Street, Charlotte, N. C. Phone 63980. Jan29.Feb5 Smart Scotchman Two Scotchmen tossed to see who Wmill IUV fn fVlO illfina TUa wfnna called "Heads." The loser called "jjirei" ana escaped m the confusion Classified Ads BUSINESS OPPORTUNITY HUGE profits. Set up your own soft ice cream business, drive in, or store. Latest model continuous Electro Freeze freezers. No franchise or royalty. Will train you and can fi nance complete equipment Electro Freeze Distributor, 1305 W. Trade ARTEMIS? I have been wonderfully blessed in being restored to active life after be ing crippled in nearly every Joint In my body and with muscular soreness from head to foot. I had Rheumatoid Arthritis and other forms of Rheu matism, hands deformed and my ankles were set Limited space prohibits telling you more here but if you will write me I will reply at once and tell you how I received this wonderful relief. .nrs.LelaS.Wier 2895 Arbor Hills Drive . P.O. Box 2695 Jackson 7, Miasteiiol rsvivnAruivvvxojvn- j CARD OF THANKS We wish to thank our many friends for the kind deeds and thoughts at the death of our father and brother, Charles Irvin White. Mr. and Mrs. J. F. Jernigan Mrs. Estelle Fentress. liAVE YOU THE AGfifLlQil'flS DSGQV?. Ws WOHMOTUL news! Hospital tests prove Musterole gives high speed long-lasting relief from pains of arthritis misery. Also greater ease In moving. Highly medicated. Concentrated. You can fib it work to bring fast relief I MUSTEROLE TRY A WEkhly CLASSIFIED AD Prepare Your Gar i j For Winter Driving j Radiator HAVE US CHECK Hose Connections Fan Belts AND INSTALL YOUR ANTI-FREEZE PRESTONE ZEREX ZERONE WE ALSO SELL Radiator Cleaner and Rust Inhibitor JOE & BILL'S SERVICE STATION RAY WHITE, Prop. PHONE 8601 VVWMMMMMMrMVVWVVVVVVVVVVWWVVVWVVWVVWVVWVVVV O You can if you use Natural Chilean Nitrate of Soda for your top-dressing and side-dressing needs. It costs a little more because it's worth more. But the difference in cost usually can be measured in pennies per acre, while the differ ence in value often amounts to dollars per acre. Chilean "Bulldog" Soda gives you generous extra value. The nitrogen is 100 per cent nitrate. It's 100 per cent available (quick-acting) ; 100 per cent dependable. The minor elements make crops stronger, healthier. The sodium 26 pounds in every 100-pound sack is a key to maximum returns on your entire fertilizer investment. It offsets the bad effects of acid forming fertilizers... increases the efficiency of mixed ferti lizers containing them. It releases "locked-up" potash in the soil... increases the availability and efficiency of soil phos phate... reduces potash, calcium and magnesium losses by leaching... develops larger, deeper root systems. Sodium builds up the productivity of your land more each year. It's an essential element for some crops. bene ficial to most and necessary. for maximum yields of many. Pennies-per-acrediffer- ence in cost may mean dollars-per-acre difference in value to you. Chilean "Bulldog" Soda is the best fertilizer your money can buy. Use it for all of your top-dressing and side-dressing needs. CUILEAH HITQATE f CODA' 'Mike tm fM jeft it NATCHEl kind! wr""' .. Hit. . f jh f nitkateofsooaAI ' ." A You want everything and here's everything you want to serve you in all these ways! 0 0 t ' . Y hm thr groat new sorUs of Chevrolet for 1 934 owosf prfcodf ; In tMr fleMoro also tho on cart In their field that are automatically powered to servo you hi all these ways. Come In, see and drive tho now Chevrolet and prove this for yourself I i i :. : . i Mora fhingi awra paopa wonf, lhat$ why . MOX1 KOPU BUY CHIVROLETS THAN ANY OTHER CARI a . POWER- w styled for your pride of ownership POWER- engineered for thrills and thrift POWERGLIDE gives you finest no-shift driving Optional on all models at extra cost POWER Brakes for your greater safety- protection Optional on Powerglide models only at extra cost POWER Steering for greater driving ease Optional on all models at extra cost POWER- ope rated front windows and front seat Optional on Two-Ten" and Bel Air models at extra cost POWERED give extraor dinary four-fold economy ' HMbvell Chevrolet Company Hertford, N.G
The Perquimans Weekly (Hertford, N.C.)
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Jan. 29, 1954, edition 1
5
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