Newspapers / The Chowan Herald (Edenton, … / Aug. 27, 1959, edition 1 / Page 10
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PAGE TWO wcnoH two n The National Outlook Employment Readies All-Time High By Ralph Rqmy This is the time of year when employment normally increases and unemployment decreases Both trends were reflected in the July report This merely means that there is a seasonal pattern in both em- • ploynflent and unemployment.! In the case of employment the low point is January and the high point July, the variation be ing about 6 per cent. The unem-, ployment pattern is more com plicated and the variance of the swing is over 38 per cent The| high point of unemployment is June and the low point October. Seasonal variations must be tak en into account in appraising the data for any month. 67.6 Million Jobholders In mid-July the total number of persons holding jobs was the highest in history—67.6 million. This is encouraging, although the increase from June was less than the normal seasonal rise because of a much greater de cline in agricultural emolovment as a result of bad weather in the South and Midwest. In manufacturing the decline was less than one half the normal so” this oeriod. Increases in certain industries and other ac tivities, however, offset the de cupp i n agriculture and manu facturing. As expected, unemployment dropped from the June total, but the decline was less than seasonal. The total in mid-July was 3.7 million, as compared to 4 million in June. The unem ployment figures were not as-, fected bv the steel strike to any appreciable extent. That strike, started the week the unemploy ment survey was being made, and a large proportion of the strikers had a vacation with pay which they took at the beginning of the steel shutdown. It is im portant to remember that in or der for anvone to be counted as unemployed he must be bath out of work and looking for a job. A striker is out of work, but is not necessarily looking for a job. The August report, however, will reflect steel strike unemploy ment, and perhaps some other major stoppages. As a consequence of unem ployment declining less than normal seasonal the total amounted to 5.1 per cent of the civilian labor force, as contest ed to 4. per cent in June. Be cause of vacations the average work week Helmed slieMlv and so did the average weekly earn ings. Kven so the 'work week is 1.4 hours more than in July 1958, and average weekly earn ings were ud -6.59 from Julv 1958. These hours of work earnings refer to factory work ers. One flnal point deserves cOm-. men! Our total labor force is increasing more raDidlv. For the past couple of vears the an nual growth rate has been only about 500,000, which was below +'-e Inn® t oT-rn It-end. That wap fortunate from the point of view of unemployment. Our labor force is now prowing at an an nual mte of 800.000. It means we must have more capital in vestment, more new products, harder selling and better mar kets if we are to keep unem AUCTION 4-ACRE SITE y 2 MILE SOUTH OF EDENTON Sat. Sept. sth FOR HOUSING OR I BUSINESS I mmmM; vmk* EmXtrd mfc ■■ Jg.? * . : v' Bft " - *.*2 . 'JhWJViv' ployment at 4 reasonable level. Grounds far Qntiiiium In, summary, the July employ ment is encouraging. It is not as good as one would like, but at least the data shows recovery is continuing. What is indicated for the vol ume of unemployment in Octo ber—low month of the year? Specifically, what of Secretary • of Labor Mitchell’s promise to eat his hat if the total is not down to at least 3 million? This will depend upon the rate of recovery from here on, and how many persons are un employed at that time because of strikes. On the rate of re covery there is no cause for worry, < unless the steel strike continues so long that it starts materially hurting other indus tries. At the moment that does not appear probable. All told, therefore, it is reasonable to ex pect that in October the total of unemployment will be below 3 million. N. f! Now Ranks 6th In Honeybees North Carolina is climbing near the top again in the num ber of honeybee colonies. A"d it’s a good sign, both forth« production of honey and the pol lination of crops. W. A. Stephen, bee specialist for the N. C. Agricultural Ex tension Service, says the state now has about 210,009 honey bee colonies. Th : s is the flrst year North Carolina has report ed more than 200,000 since 1900 [ At that time Texas was the only Estate with more bees than North Carolina. In 1941 the state dropped to a low of only 164.000 colonies, while usually ranking in the top 10 or 12 states. The 1959 figures, released re cent'y by the Crop Reporting Board of the USDA, show onlv California, Florida, Texas, Min nesota and Ohio ahead of the Tar Heel State. Stephen says one explamt'on for the 15 per cent increase over 1958 figures was the very low winter loss. Another reason can be found in the fact that weather during the spring build-up was favorable, resulting in Strong colonies which swarmed early. Unfortunately, North Caro lina’s 1959 honey crop is not proportionate to the number of ■ colonies, says Stephen. There was a partial failure of galltw jry in ■ the southeast, and the sourwood failed to yield in the mountains. ON USS RANDOLPH Robert L. Ward, seaman, USV. son of Mr. and Mrs. George T. Ward of Route 2, Edentor, is serving aboard the anti-subma rine aircraft carried USS Ran dolph, operating out of Norfolk. Va., which won the Atlantic | Fleet Battle Efficiency “K” I Award for attack carriers in Au gust. The award marks the second I consecutive year the Randolph 'has won the “E”, competing in 'five departments; operations, air, I gunnery, engineering and com munications. TOT CHOW AM OTR ALU. EDBHTON. MOUTH eASOLIMA. THUMDAT. AUGUST *7, 1181. • 1— ** ’ w in “ - General Scenes and Activities at King Bros. Circus % Vl y . Wj&, JMfc KIImI ' « V x i "ia ■ Vt jPg -c --j j’ {■ a . A'iSgi wfertr * I 'IPmRPhk j i.« 1t 9 iggh A 11 T*?* - wt' mlHrrfWrwri Wii 1 WIII HIIV / mKm • / r Many scenes like the above will take place in Edenlon Tuesday, September 1, when Cho wan Tribe of Red Men brings King Bros. Circus to the American Legion grounds for an aflax noon and night performance at 3:30 and 8:00 o'clock. JORDAN M REPORTS Kfttsisfc; From WASHINGTON Washington Congress re-’ cently enacted a law which willi have far-reaching effects on the future production of cotton in North Carolina. Early in this session of Con gress, I introduced a bill that' would permit the transfer of rented cotton acreage allotments between farms. The bill passed the Senate, but was rewritten in the House. The rewritten ver sion was passed by both the House and Senate and the Presi dent signed it into law just re —Scheii leu RESERVE | w mm « 8 ■mpt# % f'j&'*js> &:ss>■. . fl| ' cently. I Although the law, as enacted, does not permit the transfer of rented cotton acreage allotments, it accomplishes the goals and purposes of the original" bill, i The new law, which becomes effective for the 1960 crop year will operate as follows: A farmer must plant not less than 75 per cent of his cotton allotment at least one year in every three years or release it to other farmers in the county in order to present the acreage history. Those farmers who do not meet the minimum planting re quirements, or do not release their allotments for other farm ers to use, will gradually lose them. Under the old law, when a farmer quit planting his cotton allotments, it went back into the national “pool”, or national allotments. Under the new law, ™crossworiTprize NOW BIGGER THAN EVER More cash than ever before! Now, the person who correctly solves the Sunday American ‘Jackpot Crossword Puzzle wins MORE cash than ever before! The puzzle is (he same, the clue | words are there . . . but the : prize is now DOUBLED! Try your luck at solving the Jack pot Crossword puzzle in | THE BALTIMORE SUNDAY AMERICAN on sale at your local newsdealer if a farmer decided to quit planting his allotment, H will be redistcibuitied to other fans- ; ers in the county, on a share iy[t€l*9hiu&*(dii>k& basis. This particular feature of the law is the real key to North Carolina and other southeastern States preserving their total acre age allotments. In past years, we have been losing a great deal of am share at the national al lotment to western states be- 1 cause ah increasing number of our termers have gone out of the cotton production business. ! Under the new law, it is possi ble to prevent the further mi gration of cotton allotments from our state to western states. Just as important, the new law will enable those termers who do not . care to plant their own allot ments to voluntarily release them to other farmers in the , county or get out of cotton pro duction altogether and let their allotments be re-allocated to termers in the county and state i Who want them and will use them. In the long run, the new law should enable 'us to produce cot ton in more economical units through the orderly transfer and re-alloc&tion of many allotments that would otherwise be unpro fitable to plant, and as a result abandoned and lost. ' j PLYMOUTH LIONS CLUB TO SPONSOR CIRCUS SEPT. 2 The Plymouth Lions Club will sponsor the three-ring King Brothers Circus on Wednesday, September 2, at the old ball, park on Wilson Street Extension | Plymouth. There will be both a matinee and an evening show, j Profits realized from this pro ject w ; ll be ‘ used by the Lions to further their help to the blind. For Sale New One-Story Brick Veneer House Three bedrooms, living room, dining room, kitchen and hath. Oil hot air heat, thermostati cally controlled. LOT SIZE 100 X 250 FT. IMMEDIATE POSSESSION Twiddy Insurance & Real Estate, Inc* 103 E. King St. Renton PHONE 2108 WINTER IS COMING! DON’T FORGET YOUR FUEL OIL BILL . t,:l(vi, , —=* : '» • EDENTON OIL DEALERS ASSOCIATION URGES YOU TO SETTLE YOUR ‘ ACCOUNT PROMPTLY " 1 Members of this association are eager to serve yoiLwith your fuel oil needs by giving prompt, reliable service. £o that we may maintain this high standard of service, we urge all past due accounts to pay promptly. " * . / y *S ■ •- j _ - 'I f-'f ' r f Our members also exchange credit information*,* ‘Which will be kept up is date throughout the heating season. We appre ciate your business and cooperation. , , . > jv. v ' -I : ; -■■ •• - v«jj r ' i&, v ,rrfl‘ <1 “tjiW - t Ttlmilnn lAal ftnmiuuiH II Oil Oamhah I mnfflHl m uQlilQtfflV I uunSunfm iffr iiOfiißdliV • IP II * A T ' m MaMm* * .*• » ■ I ft) Prut«rnr V iwimm I ■B Vj*. E Jiff KM ah i *J /{J ] I ngw Lctr Loans PfWklllfki. #lll rl r l Miict I I < (Mill S I icUiK HIM I I I IIS! ) fniKiiimpr fWrlll Kriiifli 3! i* NmiUi nrocUi H \ (IN \ i Back To School * -\ s ' ■’i t . -ii EDGE j at LOW COST HP* Mm HP I $33.93 TOUCH TYPING COUPSt L* , MVI * ON RECORDS ~. INCLUDED FREI w*m*-*°*® N * diiM * Now you con try. In your •TL mb BtrftßD JtVBUm I hom*, lh» World's Fastest - :2tS-n' w aWßs.iisS'i 10*W' ■ including Pag. Gage, Key. -misaCK* l JH£ QUICK/ | Set Tabulator, Quick-Set Edenton Office Suply 101 E. Water St. ' Phone 2627
The Chowan Herald (Edenton, N.C.)
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Aug. 27, 1959, edition 1
10
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