Newspapers / The Chowan Herald (Edenton, … / Feb. 4, 1954, edition 1 / Page 9
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Data Os Production Shows Vitality Os Economy In U. S. An insight into the vitality of the American economy and its recupera ti'rlnvers w^en readjustments oc cur by an analysis of the Federal Reserve Board’s index of in dustrial production covering the per iod from 1919 to the present. The Reserve has just published a comprehensive revision of this index ■with the objective of providing an im proved statistical tool for keeping tabs on the pulse of the economy and for gauging its activity and trends. The change is the fifth in this economic measuring rod since the first index ■was published three decades ago. The Reserve Board’s index of in dustrial production is based on physi cal volume of output. It is. therefore,, closer to the realties and trends of production than are dollar totals, col ored as the latter are by price chang es. Seven Swings in Generation Looking back over the 1919-59 per iod, the figures show that there have been seven distinct swings in economic activity in a generation. The high lights of the changes can be sum marized as follows: On an overall basis, the production of the economy in physical volume of 1 outout has more than tripled in the period. The growth of manufactur ing, which now accounts for one out of every three nonfarm jobs, has been even greater. To date, periods of prosperity have invariably run longer than recessions. For the 1919-53 period as a whole, prosperity has a margin of more than two to one over readjustments as far as duration is concerned. In every upturn, the peak of the en suing recovery is higher than the pre ceding one, testifying to the long-term growth trend in the economy and to its ability to meet the needs of an expanding population. The longest span of declining indus trial production in the 1919-53 period was the one in the early Thirties. This ran for nearly three years. The long est recovery started in the Summer of 1938 and continued for more than five ■''oars before it topped off in Novem ber, 1943. At the peak of this boom, the physical volume of production was three times what it was at the 1938 low point. Extent of Revisions The Federal Reserve published its initial index of industrial production in>V322. This was limited in scope aWlymfined to a certain number of basic industries. The first compre hensive revision and enlargement was made in 1927, and this was followed bv three others in 1940, 1941 and 1943 as more data became available and statistical techniues were improv ed. The most recent reworking of the index was published last month. The number of industry series has been substantially increased to provide im proved coverage of newer and more rapidly growing industries. The weights assigned to various industries have likewise been changed to make' 'NOTICE! WE HAVE MOVED TO OUR NEW LOCATION Located At 105 West Eden St. Building Formerly Occupied By Kennan & Corey Plumbing Company We will be in a better position to serve our customers better in our new larger quar ters ... We invite you to pay us a visit. Full Recapping Tire Service —Also— Radio and TV Service C I Jackson Radio Service Phone 810 Edenton HARBINGER OF SPRING i If winter comes, can spring be far behind? Obviously not, with ilii« bright new cotton frock as one of the first harbingers of spring. It is a gay, multi-colored print of garden flowers in full bloom. Designed by Carol King in Bates wrinkle-shedding disciplined cotton, the full skirted dress _ is wrapped at the mid-riff Grecian atria with a cording sash. the index more representative of the present structure of American produc tion, and thus more sensitive to any changes in the economic tides. Ad justments for seasonal variations have also been improved. The industries covered in the index account for ap proximately one-third of the national income. Auxiliary Os Legion Holds Busy Meeting The American Legion Auxiliary held a lengthy meeting at the home of Mrs. Mack Rogerson Tuesday night, January 19. Many questions of local interest were discussed, but the major portion of the meeting was devoted to reading communications from Depart ment headquarters about the different phases of work the local unit is asked to take part in, such as Americanism, community service, national legisla tion, national security, music program, rehabilitation, child welfare and Mar ■ tha Claverie memorial loan fund. The unit voted to make a small contribu tion to this fund. Mrs. Claverie. to' whom the fund is a memorial, was the Department’s service worker at Oteen Hospital for many years. This fund is loaned to the families of patients at Otaen for travel to and from the hospital and for lodging while there. The unit also authorized the treas urer to send $lO per month to the central fund. This money is given to those patients in the hospital who do not receive any compensation from any other source. The unit members are asked to help the destitute children in the Philip pines, this being a new project of the national president this year. They are asked to collect good used sum mer clothing,: shoes, yard goods, pen ' oils, school hooks, etc., r °r children THE CHOWAN HERALD. EDENTON, N. C., THURSDAY, FEBRUARY 4, 1954. aged 7 to 10 years. These children, bom when our service men were in the islands, are unable to attend school because their mthers, who are trying to keep the children with them, cannot provide these necessary i items. Anyone having any of these articles to give should take them to the home! of Mrs. W. W. Byrum, child welfare T chairman, or to the next meeting of the unit on February 16. The rehabilitation and hospital j chairman, Juanita Cozzens, reported ( that 93 gifts were sent to the gift j shops at the veterans’ hospitals ati Oteen, Swannanoa, Fayetteville, Dur ham and Salisbury, and that 13 hospi tal patients at a veterans’ hospital were remembered with a one dollar bill for Christmas. The unit will meet again on Febru ary 16 with Mrs. W. 0. Elliott with Miss Lena Jones and Mrs. W. J. Yates as hostesses. County Home Folks Enjoy Remembrance Following a visit to the Chowan County Home last week, the Rev. R. L. Raines, pastor of the Rocky Hock Baptist Church wrote the following letter to The Herald: “Superintendent and Mrs. Joseph B. Jackson of the Chowan County Home l express gratitude to citizens of Cho | wan County and especially to mem bers of surrounding churches for gifts and special programs at Christmas time. Groups from some ehurehes are visiting the home at stated intervals throughout the year. Among the churches represented are Edenton, Center Hill, Ballard’s Bridge, Mace donia, Rocky Hock. “The three members of the home, Arthur Byrum, Woodrow Wilson and Hallett Copeland extend their thanks likewise. They appreciate devotionals, special music, and other programs. We suggest that other groups wishing to visit the home should call or write the Jacksons so they may know your schedule and when to expect you.” A "Tks President's Lady”. Fine* Iy tucked bodice topped by j *' wide yoke with rhineitone button trim. Tucked tab* at j f)i* wtiat, full akirt. Petiu aisee 7-13.; "Ou Touch cfVam'K i T*. Other Shirley Lee Junior petit* firm *&>* If \\ Carnal elegance., ten ' \ I \ I gore akirt trimmed as seen in SEVENTEEN \ ! \ I ing,repeated on *• CUTHRELL’S QEPT. STORE JJt |\ t r Edenton. North Carolina / % Cancer Clinic Will Be Held February 5 The Northeastern Cancer Clinic will be held Friday, February 5, in Eliza-j beth City at the Health Center with! | registration beginning: at 1:00. A free i chest X-ray will be given anyone who | wishes it along with the examination jof the five areas of the body where ' cancer is most easily found and cured. ! There are no limitations as to sex, i race, physical or economic status at ENGRAVED or printed and Announcements *^ In the wording, design and printing of the formal Announcement or Invitation, / it is of the utmost importance that cor- if rect form be observed. Our familiarity W / /ms £ with the established customs applying to j all types of social printing is at your V / / ... ; command. We will be glad to make sug- \ / gestions, show you samples and quote \/ ~ i prices ... all without the slightest ob- ’s£**** ligation on your part. i SEE SAMPLES AT THE OFFICE 5 THE CHOWAN HERALD ■ ggaggammm | the Center. However, there are age 1 requirements. Women should be 35 or more; men should be 40 or over unless referred by a doctor, or unless one of the “seven danger signals” or symp j toms are present. I Only 30 people may be seen each i months at the clinic due to limited fa cilities, so it is suggested that anyone who wishes to be sure of an appoint ment should write for a priority to: Cancer Center, Elizabeth City, N. C. Examinees are asked to bring a robe ; or housecoat with them. SECTION TWO—] Kennan & Corey Now Moved In New Building Kennan & Corey Plumbing Company late last week moved to their new home on Oakum and Johnson Streets. The concern for several years was lo cated on West Eden Street until the new buildii.g was completed in North Edenton. Robert H. Kennan, manager of the concern, invites the general public to visit and inspect the new home. Page One
The Chowan Herald (Edenton, N.C.)
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Feb. 4, 1954, edition 1
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