| Behind The Scenes In American Business I
I By REYNOLDS KNIGHT
New York—Many observers are an
' xiously viewing' the steel wage in
■ crease as inflationary, but that isn’t
•ft necessarily so. In any riae-and-fall
economic cycle, all the wage increases
up to the last one are inflationary—
but the last one is deflationary. We
saw that in 1930, when hourly wages
in the construction industry were ris
ing after everything else was falling,
and that helped cut down total build
ing to a dpistic degree.
There will be some deflation — and
it will hurt. It will hurt less than
usual because so many people are on
the lookout for it.
1. Industrial building is being car
ried along by its own momentum al
though the increase in demand for in
dustrial output has leveled off.
2. Housing, automobiles and dur
able goods in general are meeting
sales resistance.
3. Inventories are at record levels.
* 4. Farmers’ incomes -are falling,
, and the new administration has served
notice that a showdown on controls
vs. free market is at hand.
Each of these situations calls for
less spending both by corporations
and by prudent individuals. It is bet
g ter to have this now than later, but
it does mean fewer jobs, lower total
pay even if hourly rates rise, and
lower stock prices.
This country is so large and its
pipelines of goods and services so
vast, that no one but a fool will prof
fer a date for any economic turn. It
is not too soon, however, to place one
self in a defensive position.
Billion-Dollar Boom—Hammers are
pounding and saws are singing at an
unprecedented rate this summer pri
marily because the owners of 42 mil
lion homes are intent on bringing
their living standards above par for
the first time since World War 11.
Experts of the Gas Appliance Manu
facturers Association figure that near
ly $1 billion will be spent to enlarge
existing homes by converting unused
attics, porches and basements into
living quarters.
Kitchens, too, rate a heavy empha
sis. Millions will be poured into new
automatic gas ranges, gas clothes I
driers, a variety of room heaters to
bring comfort where chill and damp
reigned before, and upgraded automa
tic gas water heaters to supply the
needs of growing families.
GAMA points qtat that shipments of
all three major types of gas house
hold equipment—ranges, water heat
ers and central heating systems—are
far above the average for last year. I
Things to Come A comic book !
publisher will present “Mighty Muse”
jn 3-D. The reader looks through a
pair of tinted cellophane glasses, sold
with the magazine ... A new hack
saw dispenses with the conventional
frame, can be used for a cut of indef
inite depth . . . Ten-cent plastic elec
tric plugs force spikes through insu
lation on existing wires, offer new
connections in seconds . . . Flesh-col
ored noseguards for attaching to sun
glasses will make it easier to tan and
not peel this summer . . . Canaigre, a
plant that grows wild in the South
west, may provide the United States’
first domestic source of tannin since
blight killed off the chestnut trees.
Persistent Shortage—One shortage
for which the U. S. has not yet found
a remedy is that of nickel. Os all the
material shortages resulting from the
EVA PERON
The thirty-million-dollar jewel col
lection of the late Eva Peron has bespn
put up for sale. How the Argentine
president’s wife acquired the gems is
revealed in an intensely interesting
[feature story in
THE AMERICAN WEEKLY
Magazine In Colorgravure With
THE BALTIMORE
SUNDAY AMERICAN
Order IjYom Your Local Newsdealer
“New Low Feed Prices” j
I V vv| * MAY BE PAYING TOO MUCH FOR YOUR FEED
;» YOU COMPARE THESE PRICES: 0
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High Quality Starter and Growing Mash 4.80 f
High Quality Premium Scratch Feed 4.50
Bt High Quality Premium 20% Dairy Ration 4.20 1 '
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4 EDENTON, NORTH CAROLINA ~
Korean war, the scarcity of nickel has
been a major headache not only to de
fense officials but also to industries
whose operations are dependent upon
this metal. Probably the hardest hit
have been the nation’s nearly 4,000
electroplaters. t
Nichel is the ideal metal for bind
ing chromium to steel or iron. The
metal finishers, plating everything
from automobile bumpers to cigarette
lighters, are normally the third larg
est users of nickel.
Recently the National Association
of Metal Finishers took a critical look
at the nickel situation. At the
NAMF’s annual meeting in Philadel
phia, Raymond* M. Shock, executive
secretary, said the shortage was
causing "extreme hardship, economic
loss, sharp decreases in employment,
and in many cases has forced or is
threatening to force plating com
panies out of business entirely.” To
tal sales of electroplating firms were
substantially less in 1952 than in
1952, he said.
Bits o’ Business—Housing starts in
May were fewer than in April, the
fir§t time such a thing has happened
since the war . . . Westinghouse Elec
tric and its CIO workers joined in
a demonstration against competing
British machinery . . . An RFC loan
kept the sheriff of Hennepin County,
Minnesota, from foreclosing on an old
folks’ home ... A Richmond, Va., ap
pliance dealer moved his store four
blocks by freight train. He had four
cars spotted on his siding, took his
ware aboard, had the cars switched,
and unloaded them.
Richard S. Hoskins At j
Moody Air Force Base
Cadet Richard S. Hoskins of Eden
ton, son of Mr. and Mrs. Thomas J.
Hoskins reported last week to Moody
Air Force Base, Valdosta, Georgia, to
attend a four week AFROTC summer
encampment.
He is one of 17,000 cadets from 209
universities and colleges throughout
the United States, Hawaii and Puerto
Rico who will attend camp at 61 air
bases. Each Cadet must attend a sum
mer camp between his Junior and Sen
ior year in college before being com
missioned in the Air Force.
The Cadets will receive 188 hours of
training covering all the phases of the
organization and functions of an Air
Force base. The course of instruction'
will be conducted by the operating
.personnel at Moody Air Force Base
j and practical on the job demonstra
tions will be presented.
The highlight of planned activities
for the Moody Camp Cadets will be
an orientation flight in the jet aircraft
explained to him prior to the flight.
Colonel John O. Hall of Moody Air
Force Base is the summer camp Com
mander.
Moody, which is commanded by Col
onel Samuel C. Gurney, Jr., is an Air
Training Command Base near Val
dosta, Georgia. Home of the USAF 1
Announcement
I have been appointed Representative for
Farm Bureau Insurance Companies for Cho
wan County.
I will be very delighted to talk with you
regarding any insurance needs.
Lonnie R. Harrell
Phone Rocky Hock 114
EDENTON, N. C.
THE CHOWAN HERALD, BDBNTON, N, C„ THURSDAY JULY 2, 1953.
:[ OUR DEMOCRACY—
-4> CAREER MEN fcrtfie NAVY 4.
Americas naval tradition Goes all the - way back
TO THE DAVS OF JOHN PAULJONES AND THE COLONIAL
IgJpjSSY PRIVATEERS, BUT OUR REPUBLIC NEVER HAD AN
Severn kivercnters Chesapeake bay.
For more than one hundred years now, the united states
j NAVAL ACADEMY AT ANNAPOLIS HAS BEEN TURNING OUT
’’long blue lines"of career officers to help man the
FIGHTING SHIPS WHICH GIVE US A BLUNT MEASURE OF
PREPAREDNESS - DEDICATED TODAY TO MAINTAINING
THE HIGH STANDARDS OF , L'.TGEST NAVY IN THE WORLD. *
Instrument Pilot and All-Weather In
strument Schools, its mission is to in
crease the proficiency of rated pilots
in Instrument and All-Weather flying
in both jet and conventional type air
craft.
F. E. Parrish Completes
Course In Wisconsin
Successfully completing last month
■ the course of instruction through the
United States Armed Forces Insti
tute in “Modern Electric and Gas Re
frigeration” was Frank E. Parrish,
chief fire controlman, USN, son of Mr.
and Mrs. Carey Y. Parrish of Route
2, Edenton, and husband of the former
Miss Ellen Gray of Port Washington,
N. Y. •
He attended Edenton High School.
USAFI at Madison, Wis., has more
than 280,000 servicemen enrolled in
correspondence and self-teaching
courses. It furnishes the opportunity
for personnel to continue their educa
tion during off-duty hours, wherever
they may be in the world.
Since 1941 over two million service
personnel have enrolled in one of the
Flowers
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more than 300 intermediate, high
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Youth, what man’s age is like to be,
doth show;
We may our ends by our beginnings
Know. —Denham.
r IF YOU WEGE DISABLED ’
During world mar n service
AMP NEED TRAINING UNDER
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YOUR HANDICAP, YOU MUST
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Page Eleven
BIRTH ANNOUNCEMENT
Mr. and Mrs. Marion Swindell of
Hertford announce the birth of a
, daughter, Sheron Lynn, born Thurs
day, June 18, at Albemarle Hospital in
i Elizabeth City. Mrs. Swindell is the
former Miss Betty Thigpen, daughter
of Mr. and Mrs. J. H. Thigpen of
Edenton.
TRY A WEEKLY CLASSIFIED AD
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For Style and Beauty
Broad Street Edenton
PHONE 605
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