Newspapers / The Chowan Herald (Edenton, … / July 2, 1959, edition 1 / Page 7
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SECTION TWO The National Outlook Are We Headed Into A Boom? i By Ralph Robey One frequently hears the word “boom” used in connection with the current business trend. To the extent the term means mere ly that the recovery is almost all-inclusive and is continuing, this is good. A boom, however, is always followed by a recession, or worse, and in this sense it is not desirable to have persons think that we are moving out of -recovery at a rate of advance which can only be accurately de scribed by the use of such a strong term. ■jf But the economy is moving forward and at a rapid pace. For example: Gross National Product, the monetary value of all goods and services produced in the nation and our broadest measure of the economic trend, set a new all time' high in the first quarter of this year: S4O billion above the • first quarter of last year. The second quarter will show another significant increase. I Personal income in May was at a new all-time high: 3 billion, higher than April, and sl6 bil- j lion above last December. Retail trade has risen con-! sistently through the year and is now about 10 percent above a year earlier. Automobile sales are at the highest level for this time of year since 1955, and it is generally expected that we shall have total sales of domestically produced cars of at least 5.5 million. On top of this perhaps 500,000 foreign cars will be sold. Average weekly earnings in manufacturing reached a record S9O in May and the work week td 40.5 hours, indicating an | increased amount of overtime. Industrial production reached! 1 a new high. This is measured 1 by the index of the Federal Re-1 serve Board, which uses 1947-49* as equal to 100. The May figure was 152, as compared with the recession low in April, 1958, of : 126. Durables and non-durables 1 shared in the advance, and both ' are now above the pre-recession high. Inventories ..continue to climb 1 In the quarter of last year In- J ventory was liquidated at an an nual rate of $9 billion. The rate * of liquidation declined from quarter to quarter in 1958, and in the first three months of 1959 inventories were accumulated at an annual rate of $5 billion. | This is a swing of sl4 billion, and j jhas been a major factor in the business trend.- -Over-all figures are not available beyond the first quarter of 1959, but the rise has continued. for new plant and equipment turned upward in Taylor Theatre EDENTON, N. G, —r — Thursday, July 2 Sophia Loren and Anthony Quinn in ‘"THE BLACK ORCHID" Friday and Saturday, July 3-4 ‘ DOUBLE FEATURE George Montgomery in "King of the wild STALLIONS" Cinemascope and Color —and— Cornel Wilde in "THE DEVIL'S HAIRPIN" Technicolor Sunday and Monday, July 5-8— ALL NEW IN COLOB i , Gordon Scott in "TARZAN'S GREATEST ADVENTURE" First Titnin Picture Photographed in Africa Tuesday, July 7 , Ava Gardner in "THE NAKED MAJAH" ’ Cinemascope and Color ADULT ENTERTAINMENT! I ■ • • I Wednesday and Thursday, I July 8-9 I * Brigitte Bardot in 1 I -LOVE IS MY PROFESSION" I .' ADULT ENTERTAINMENT 1 5 I ——l- I rv • t rpi , SATURDAY AHD STJHBAT i I S&tuxdty, THE CHOWAN HERALD the first quarter of this year, and every survey since has revealed i further revisions on the upside. No one anticipates that we shall, i in 1959, reach the high of 1957, but the influence is on the side of better business. Private housing starts, on a seasonally adjusted annual rate, fell slightly in May to 1,340,000. However, no one questions that this will be a good housing year, and over-all construction con struction continues to be excel lent. Employment in Mav, at 66 mil lion, was the highest for that month in our history. Unemploy- ; ment, a source of considerable worry, declined sharply to 4.9 percent of the civilian labor force. Last winter the rate of unemployment was running 6 per cent or a little higher, and while the present volume of jobless is larger than anyone wants to see, it is evident that we shall not I have a continuation of unusually high unemployment. Retail Price Index Fairly Stable: j Prices at the retail level have; j just topped their previous high j !by one-tenth of one percentage point. This is the consumer price index of the Bureau of Labor Statistics. This index has bsen j stable for a year, as a result of declines in food prices off-set ting rises in other items. May rise reflected an increase in food as well as other items. The wholesale price index also re mained stable as a result of de clines in the prices of farm pro- j ducts and foods being enough to offset a gradual increase in the prices of industrial commodities. Business profits continue to climb, and divident payments so far this year are slightly above the corresponding period of 1958. With this type of factual news being published day after dav. and the above representing only some of the broader items, it is easy to understand why persons should begin to wonder-whether we are entering a boom. Per- ; haps we are, but the evidence upi to this point is adequately en- • compassed by* the term recovery.! We all hope this continues to bei true. I y ——_ v New! Cm JS i SENIOR w Citizen HOSPITAL, SURGICAL, MEDICAL CARE FOR PERSONS 65 AND OVER-s. Age Limit HOSPITAL CARE ASSOCIATION OF J SEND T HIS COUPON FOR DETAILS 111 DURHAM proudly announces a new Blue ii! —————————— ——— ill . ’ Hi Hospital Care Association Cross Senior Citizen Certificate tailored to jjj Durham, North Carolina i. meet the specific needs of North Carolinians 111 lam interested in your Senior Citizen certificate’ jjj > ase 65 or over. 11l for myself () for a relative ( ) for a friend < ). | IMy Name— Age ill ■ Pint Middle Last jjj. - 8 Address—. —— jjj Street Town State jjj North Carolina resident 65 or over and in |j if Married, •' reasonably good healthy Send coupon today || _ Agf .... 111 for details! 1 . rim MiddU L “ t _ 1 “- ■ . pi nnderetnnd «Me deee net ehHfati me la any way. CH f Hospital Care Association Resigns From U. S. Navy V Si’v pr -*»*, Wfeorgd tu. ndwkins., cjt.ei mac Minis is maie, Übn, receives bssl washes from Navy Captain R. A. Phiil.ps, his commanding officer, upon retiring from the Navy following iwen y years of active duty. Chief Hawkins, son of Mrs. Alberta H. Hawkins of Ashtabula, Ohio, and husband of the former Miss Mertice S. Godsey of Edenion, transferred to the Fleet Reserve June 17 aboard the Atlantic Fleet repair ship USS Amphion. He and his wife and their two children plan to make the r heme in St. Petersburg, Florida. i Weekly Devotional Column By JAMES MacjvKh'ZlE j This week’s column continues J a hard-hitting sermon by Billy Whiteman, 17-year-old member of the Center Hill Baptist Church. Satan wants desperately to i warn all Christiana against their going into places in the com mun'ty where evil men and wo men may be encountered. Con tamination, he points out, is something which no self-respect ing church member must risk. J Besides, there is always the dan- I ger of painful embarrassment. Filth in the alums, he tells us, soils the clothes and hands; vile language and bitter abuse in the drunkard’s home may shock the well-bred mind. He loves to hear church mem bers say that politics ai e rotten, and that “good people” must not get “mixed-up in them.” So long as church members continue to be “nice people” who refuse to attack evil in its filthy den* —wherever these dens a e found ; —Satan's reign on earth is not in ! doubt—and he knows it. ! Another clever plan used by ! Satan is to encourage church earnestly to believe. that religion consists in the hear ing of sermons, Sunday SJio.,l Lesions, and Sc. iptural read ngs. In this matter, his task is not i too difficult; for most cf us like ! to be convinced that listening t >, meditating upon, and agreeing w th the Woid of Life is all we need to do to bring in the King dom. We absorb truth like a sponge absorbing water, but never give that truth effect in our every day lives. We can :ead the Bib lical warning, “Be ye doers of the Word, and not hearers only,” endorse it with a loud “AMEN!”, and let the matter end there. ’ We can recite the Great Com mission, give a few pennies fer the Africans, and go about our busness unconcerned with cur half-starving Negro neighbor. I We have been dooed into thinking that Christianity is es- ■ sentiallv a matter of knowledge, j Someone ought to awaken us to| the fact there is a world of dis-j ference between knowing what to do and actually doing it.li Christ’s mission will not be ac- • i complished by educated* church .1 members who lack the will to! put into practice the lessons of : Jesus. The informed mind is' 1 worthless unless directed bv thc! < transformed will. Until it is j < removed from under its bushel. 1 even the brightest light will help | nobody. I Christ has promised His church power to drive Satan to the very gates of hell; yet most modern churches have not expelled him from the slums and mansions, Which in many cases lie just acro..s the street from their front doors. Something is definitely wron?. And I am sure of this | one thing: Christ has not fail led His Churoh. He never has, j >nd never will. It can only be that, as church members, we • -omehow are tragically failing Christ. ■continued next weekl I Nu+rit ? ous Nuggets I For Summer Menus I | There’s a veritable go'd min" ,of nutrition and eco-emv at food across the state now, and it will last several weeks. Y'-u don’t need to do a lot o r hard digging to unearth treasure | from epgs. to bring it refined an-' g'earning to the tab'e at mea' . time, snac-k time or anvtime. Miss Jo harp nutrition special ist for the N. C. Agricultural Ex tension Service, says that the golden eag contains “pure nuc ■ gets of nutrition and p’easurable eating. Eges can weld the in gredients ior impressive cakes, pastries, custards or puddings. “Summer meals, picnics, and Snacks of alone, or in com bination with milk and dairy products, fresh vegetables, meats and fish provide added protein yet are light and appealing t< hot - weather appetites. Eggs boast health-protecting A. B and |D > vitamins, and the yolk holds : a rich store of iron, some phos phorus and other needed min erals.” Use eggs with a lavish hand during this period of sea sonal abundance, advises Mis ' Earp. X-w’s The Time To Plan 1960 Yam Crop Next year’s sweet potato eror should start now—with the plant ing of adequate quality vine cut tings to be used as seed stock. Henry Covington, horticulture specialist for the N. C. Agricul tural Extension Service, says you can’t beat vine cuttings for pro-* ducing a crop free of scurf and I black ret. And this is the time |of year to make vine cuttings— | even if the plants the cuttings 1 1 come from have one or both of the diseases. Covington suggests farmers; i start taking cuttings when they 1 , can get one 10 to 12 inches long.. ■ The earlier you plant, the bigger j ; the yield. But don’t make the mistake of 1 making cuttings from poor plants. Select the best available plants, ■ then make your cuttings. The specialists recommend one -1 tenth acre of vine cuttings for ; every acre o* sweet potato-s you expect to glow next year. Blue Cross Announces ] A New Health Plan A new Blue Cross health p’an for North Carolina’s sen or citi -1 zens is announced by the Hospi ■ tal Care Association of Du ham, j The new program will be offered immediately to any resident of the state 65 or over and in rea- ■ sonably good health. E. M. Herndon, excel t vice president of the Hospital Care , Don’t Lag-—Buy Olag dentists say “wonderful" ... | ’’best Tve ever used” . , . 'best tooth paste on the market j Plagued Day And i Nightwithßladder Discomfort? Unwise eating or drinking may bn n source of mild, hut annoying bladder irritations making you fool restlo: v, tense, and uncomfortable. And if rest less nights, with nagging backache, headache or muscular aches and »>ains due to over-exertion, strain or emotional upset, are adding to your misery don’t wait try Doan’s Pills. Doan’s Pills art 3 ways for speedy j •elief. I—They have a soothing etTeet 1 >n bladder irritations. 2 A fast pain- I relieving action on nagging backache, headaches, muscular aches and pains. 3 A wonderfully mild diuretic action thru the kidneys, tending to increase the output of the 15 milts of kidney tubes. So, get the same happy relief millions have enjoyed for over GO years. New, • large economy si*e saves money. Get J ' Doan’s Pills today I 4 ! Doan s Pills i I “THE PEOPLE'S BANK*’ I I /lar^enough\ \ SMALL ENOUGH lOU 'Y TO KNOW YOU I 3% Interest Paid On Savings Accounts ■ (Compounded Semi-annually) I l/wr m// I I I EDENTON, NORTH CAROLINA J I MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION 8 I DEPOSITS INSURED TO SIO,OOO H . .. . t lull Hi! f Thursday, July 2, 1959. EDENTON, NORTH CAROLINA Association, said this is the first time Blue Cross has been made j j available in North Carolina to j persons over ago 60 on an indi j vidual nom-gioup enrollment ba- SIS. j WE BUY {timber ! and TOP. MARKET PRICES PAID O Smith Bros. Lumber Co. Edenion, IN. C. OFFICE PHONE 3618 NIGHT PHONES 2008-4141 I G&W SEVEN Fm STAR Ma $950 pint SEVEN STAR BLENDED WHISKEY. 90 ERODE, *njr: STRAIGHT W !, SKEY 6 YF*R9 OR IViuKt 010, 6 2Vi% GRAIN NEUTRAL'SPIRITS.' GOOOUiiiAM 4 V.okiS liJ.. PfCFiA ILL Carolina Securities I Corporation Charlotte New York City KriLFJC.H 11. M. Warren 206 W. Eden St. Phone 2466 Edenton
The Chowan Herald (Edenton, N.C.)
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July 2, 1959, edition 1
7
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