Newspapers / The Chowan Herald (Edenton, … / Oct. 30, 1958, edition 1 / Page 15
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The National Outlook Still More Good Business News By Ralph Robey r :< With the upswing of business it is' expected that each week will bring forth more; favorable reports. Recently, how-1 ever, the flow has been exception al. For example: The estimated gross national Product in the third quarter is $440 billion, up from a recession [ lew of $426 billion in the first quarter of this year, and cloge to the all-time high of $446 billion in the third quarter of last year. This estimate was made without! complete data and it may be that ! the final figure will be shaded, ■lightly. But there is no ques-| tion that there has been a broad i and significant increase and that j it has been pretty well across the; board. Further, there will be an- 1 bther increase in the final quar-l ter, of this year. This is being ! estimated as about $450 bill ■Much would mean a new 'high. Right now that figure appears to j be somewhat on the generous side ■at even if it advances by only a part of that amount, or to $445, billion, it still will be a remark-! able achievement. Employment and unemploy ment also reveal the best devel opment for many months. These figures relate to the middle of] September. They show that em-j ployment rose by 550,000, almost one half of which was in manu-j facturing. This growth of manu-‘ facturing employment was about 100,000 more than normal for this time of the year, and the gain was j concentrated in the durable goods] field which was hardest hit by, the recession. Unemployment declined during j the month by some 600,000 to the lowest figure of this year. Equil ly important was that half of the drop was with men 25 years and older family bread-winners — which brought this category be-) low two million for the first time j this year and was the first signifi- j cant decrease among this group since the recession started. In manufacturing, the average ■ workweek was lengthened to 39.8 hours. This is almost as high as a year ago and, combined with I wage increases, it brought the ' average manufacturing hourly wage to $2.14 and weekly earn ings to a record high of $85.17; In spite of this favorable em ployment report it must not be that we are over the problem of unemployment. The / 6ET OUR TEX AC<T\ \ safe-T check-up ) lil- —E NOW! r &girco«go&- rq^ To Enjoy Your Ride More Bo Sure Your Cor I* Soto, j j • Morfak Chassis Lubrication (According to your car maker's specifications). J . o / e Change Oil-Drain and Refill With Custom-Made Havoline Special / / j 10W-30 (5 quarts). SfWl ** / e Check Oil Filter Mileage. •*' J / !^4rvC"^/ I e Clean and/or Oil Air Cleaner. // I [ | e Check Fan Belt. ( A • Check Transmission (Standard) and Differential lubricant. ' ——/I e Check Automatic Transmission Fluid Level. | # / J 1 e Check Power Steering Fluid. I 1 e Tighten Hose Clamps. 1 * _ uTCED 1 i e Check Hoses. \ 1 e Check Radiator Pressure Cap. \ I | e Check Water Pump. \ RQQ 1 e Check Battery. I VVITH * *“ A f\, E . , I e Check Battery Cables. Remove Corrosion. Apply Lubricant. 1 1 e Lubricate All Body Hinges, locks and Catches. \ PT AW- s'" 1 e Check Windshield Wipers. \ fiNSSt . 1 e Check Muffler and Tail Pipe. \ HjS! HjcSSU I e Chock and Inflate Tiros. \ too cAM *° Y I Trxaco 1 e Chock Ligler and Turn Signals. \ • [. PLTE! e Chock Shock Absorbers. \ '**££** HjJJSg \ Check for Broken or lost lubrication Fittings. \ D* | ,21 services Only $4.95 \ ‘^— * total of unemployment stHl is 7.2 per cent of the civilian labor j force; although an improvement • over the 7.6 per cent of a month 1 earlier, it is still a long way from being satisfactory. It is widely I expected that unemployment will be one of the sticky elements in ; the recovery and next January ] and February, which normally are); the high months for the year, will I! see the total rise again. This is | partly because not as many work ers are needed as formerly to turn j out the same volume of goods. | Industrial production, as meas j ured by the index of the Federal , Reserve Board, moved up another ! point over the revised August fig i ure. This is the fifth consecutive ) month that this index has shown > a rise and, at 137, it reflects more than a fifty per ,cent recovery j from the last April low of 126] and the 1957 high of 145, just] before the recession started. The | , increase in September was held, ! down by the model change-over!, jin the automobile industry. With! • that industry back in production the index should continue itd up ward climb. / Private housing starts moved I up, on an annual adjusted rate, to ' 1,220,000 in September. This is ] the highest figure since October ! 1955, and makes the total for the; first nine months of this year 7 1 per cent above the same period of | 1 1957. The only worry in this field ] lis whether rising interest rates 'will reduce the amount of funds! available, and thus cause a reduc- I tion next year. Over-all con ' struction continues to set new high records. Retail trade continues relatively steady; freight car-loadings are ! showing improvement; inventory ] liquidation continues, but at a re i duced rate; and, the stock market j made a new all-time high before the Federal Reserve increased I margin requirements from 70 to ■9O per cent. That increase re flects a conviction on the part of the Board that the market has moved too fast and that if it con ■ tinues to advance it will have to do without the use of so much I credit. I All in all, there is much evi dence to support the statement of j various spokesmen for the Ad j ministration that the recession is ; over. THE CHOWAN HERALD, EDENTON, NORTH CAROLINA, THURSDAY OCTOBER 30, 1958. r 1 . Hospital Patients! Visiting Hours 10 to 11 A. M„ j 2 to 4 P. M., and 6 to 8 P. M. Children under 12 years of ] age not permitted to visit f patients. • , Patients admitted to the Cho- 1 wan Hospital during the week 1 of October 20-26 were: ' White ( Archie Lay den, Hobbsville; ! Mrs. Geraldine White, Hertford; : Edgar Roberson, Jr., Hertford; 1 , Mrs. Willie Stallings, Belvidere; - jMrs. Fleetie Spruill, Edenton; 1 Mrs. Mollie Hawkins, Edenton; 1 Mrs. Cary Elliott, Winfall; John I Wiggins. Jr., Hobbsville; Mrs.' Arlene Jones, Edenton; Mrs. Sarah O’Berry, Edenton: Mrs. Willie Stallings, Belvidere; Mrs. Shelba Jean Johnson, Creswell; Henry Jenkins, Edenton; Miss Lou Brown, Edenton. Negro Grace Holley, Edenton; Wil liam Bembry, Edenton; Essie Mack, Merry Hill; Emma Hall, ]Edenton; Rosa Moore, Edenton; | Ernestine Williams, Edenton; I Reginald Burke, Edenton; Curtiss iShamby, Hertford; Marjorie Si jmons, Edenton; Bobby Lee Nor man, Roper; Edith Hali, Wind- 1 • B#goo j 11l Ml JTS Bnowtrs IH SOS COMPASX Mitt iu»» *•» Kil Lawnncelurg; IH Kmuckv sor. I Patients discharged from the hospital during the same week were: White Baby Girl Haybeck, Hertford; Mrs. Acie Bell Basnight, Eden ton; Thomas Nixon, Jr., Hert ford; Eugene Garrett, Edenton; Mrs. Hazel Byrum, Tyner; Mrs. Kathryn By rum, Edenton; Henri Head, New Orleans, La.; Mrs. Suzanne Wire, Edenton; Mrs. Geraldine White, Hertford; Ed gar Roberson, Jr., Hertford; Mrs. Willie Stallings, Belvidere; Mrs. Fleetie Spruill, Edenton; Mrs. Mollie Hawkins, Edenton; Mrs. Mary Elliott, Winfall; Mrs. Ar lene Jones, Edenton. Negro ' Grace Holley, Edenton; Essie Mack, Merry Hill; Emma Hall, Edenton; Rosa Moore, Edenton; Curtiss Shamby, Hertford; Edith Hall, Windsor. Births Births during the same week were: Mr. and Mrs. Waylgnd L. White, Jr., Hertford, a son; Mr. and Mrs. Charlie H. Elliott, Win fall, a son; Mr. and Mrs. Toney E. Moore, Edenton, a daughter; Dr. and Mrs. Walter S. O’Berry, Eclenton, d daughter; Mr. and Mrs. Joel E. Jones, Edenton, a daughter; Mr. and Mrs. Howard R. Slallings, Belvidere, a daugh ter; Mr. and Mrs. Alfred E. Hall, Windsor, a daughter. - i CENTER JfILL CLUB MEETS ! “Modem Methods of Dressing- 1 making” was the demonstration given for the Center Hill Home Demonstration Club which met with Mrs. Ralph Goodwin on Oc-! tober 21. ]; Miss Maidred Morris, home ' agent, gave the demonstration, saying, “The fundamental prin- ; ciple of all construction is to make, the garment grain line perfect.” j “We are shown how to cut with i the grain of the material and spe- . cial helps which are-inexpensive f '* T. < l if this year finds you ♦, ♦ | Oil LOB [ set your sights l t oJOWN I j mrr | » From floor plans to foundations to framework to finishing—it all ' ' c j takes moneyl Turn your desires into down payment dollars by open* ing your “new home” fund here today. J The satisfying days of actually owning your own home come sooner, ] easier, when you couple your nest-egg with regular saving at our As sociation. Let our experienced home specialists help you decide cn your home needs and show you how down payment savings can fit right into P your monthly budget. Then, all you do is follow through! OF COURSE, WHILE YOU SAVE FOR A NEW HOME, YOU ENJOY: L Insured Safety— of your savings up to SIO,OOO by the FSLIC, 1 l a permanent agency of the U.S. Government Above-Average Earnings— build UP your DOWN PAYMENT funds surely and rapidly without fluctuating market risks P Stability— assured by careful reinvestment of your savings in time-tested ! monthly repayable, first mortgages on homes in your community I Convenience— you can start with as little as $5 and add to your account C any amount, any time.-- easy to use. * , Save for your new home at our specialized home financing institution-Start Today i j t i | Current Dividend Rates 3y 2 Per Cent Per Annum j [Save By The 10th-Eam From The Ist] EDENTON BUILDING & LOAN ASSOCIATION - V 322 S. Broad St. iUll Edenton, N. C. but invaluable in giving a home made garment a professional j look,” says Mrs. Emmett Jones, ■ publicity leader. Mrs. B. P. Monds presided over the business session .and an nouncements were made of Hus bands’ Supper, November 19. Mrs. Goodwin served very nice re freshments during the social hour. The group was invited to meet with Mrs. Roy Lane in Novem ber. Doing easily what others find difficult is talent; doing what is; impossible for talent is genius. —Henri-Frederic Amiel] j Eastern District Recognition Day J At Chocowinity -J The Eastern District Recogni tion Day Program will be held lon November 8 at the Choco winity High School. All county ■ winners who participated in dis trict and state competition through projects, demonstra.ions. public speaking, health, dresr revue, tractor driving, talent ana ;the judging in various fields during the 1958 year are ex. peeled to taae part. The 4-n ’—SECTION TWO PAGE SEVEN leaders and parents are urged «--- attend this program, too. The program will start at 9:3&| A. M. with a tour of the tel^fj ■ vision studio at Station WITN. The recognition program wiM ' begin at 10:30 A. M. in thg ] ■ Chocowinity High School audl i torium. The meeting wtll ad journ not later than 12 noon. The Chcwan County 4-H win-,, ners, leaders and parents will receive a lelter and be contacted about 4 his program. It is im portant that all the county win ners make a special effort to at tend this district recognition day' ,and.'to give Chowan a good rep- ’ resentatu n.
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 30, 1958, edition 1
15
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