Newspapers / The Chowan Herald (Edenton, … / Nov. 10, 1960, edition 1 / Page 18
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PAGE FOUR MMKWidtf TrfSuuS The National Outlook Are We In A Recession? By Ralph Robey IsNever has there been as much discussion as today on whether are in a recession. Some a$ it, perhaps the majority, aris en from the fact that this is an election year, and the business trend has been made into a campaign issue. But much of the discussion arises from ana lysts and business men who are personally worried and uncer tain. Those who believe that we are id' a recession have many facts Straight Kentucky • Bourbon iniiiTrrmiii"lTry7niMßM Mml gis Igi .CJ-’ rs uHt/ioCtpeMih C*; STRAIGHT KENTUCKY BODHBON • rJlncienOfec I CkCie/uMj (tinted acco'idinfl | do t/iegined (did ,Cuutdioti^- DISTILLED a BOTTLED BY ancient ack distilling co. FRANKFORT. KENTUCKY »Ma STRAIGHT KENTUCKY BOURBON WHISKEY, 86 PROOF Ancient age distilling co„ frankfort, ky. ‘, - ,„ OLDSMOBILC planned, built .1.. "‘"' " ' ’ economy! And Twin-Triangle a* ■!■ i .• . a . .■ ■ ■ . . Stability lets you drive all day Built for the buyer who wants something better in a smaller car! ZXZZZZZZ |: < : : : j j~{S f: | Oldsmobile Quality Dealer a. ij | j 11j I *; j Before you invetl in any low a— ! - 1 ~M j: : I' H•: ' priced cor, come in and drive 1- —_— —*/ - the all-new, family-rite Mil Jt'.Jk jwjiw fp j -m r’' - - ' a %> 1 If * the hot new number you’* W been waiting for! 4 *!■ '” ; ai—ffj>aNCa I j awr lotv-rmaro aw MB YOUR LOCAL AUTHOMZCB OLMMOWLI QUALITY OtALKRI COLONIAL MOTOR CO., OF EDENTON, INCL, Edenton -a a . _ , __ • V# , Dealer * Lteenee No. 11H _ ~, .'„ .. ——M " ■——n TdWK m MIBMAM fWAY At IVs BY WMK 4HB Wf»TVI-—>*— ■ ■■' 4. i^BUi tnat tney can cite. For exam ple: i Production, as measured by the Federal Reserve Board in dex, has declined the past two months and is now four percent below last January. Steel is still operating at only a shade above half of capacity, and the date of an upturn keeps being postponed. Housing starts are well below last year. They showed an in crease in August, but in Sep- Itember they fell to the lowest level this year. Inventories • are still being liquidated, and this backs up across the board, hurting both production and employment Business investment in plant and equipment has stopped In creasing, and at best is level ing out and it may be on a slight decline. Corporate profits are rather sharply down, and there is no prospect of an improvement in the near future. Many industrial and raw ma terial prices are soft, and con cessions have to be made from quoted prices in order to move the goods. In general business -is shipping more than it is getting in new orders, which means that back logs are declining. Gross national product, which is the total monetary value of all goods and services produced in the nation, declined in the third quarter. The decline was less than one-half of one per cest, but it was down, not up. Now that is an impressive list, and if one goes to individual industries the number of items can be increased substantially. None the less, there are many persons who firmly believe that we are not in a recession, and not about to enter one. Among these are, in the Administration, Secretary of the Treasury An derson. Secretary of Commerce Mueller, Secretary of Labor Mitchell, and Raymond Saulnier, chairman of the President’s Council of Economic Advisers, j All of these, of course, are po- \ litical appointees, but they al- [ so are honest men and would i not consider shading their con clusions for campaign purposes. What leads them, and many pri vate analysts, to a more opti mistic view on the outlook? Again the list is too long to give in its entirety, but includ ed are: The decline in gross national product was caused primarily by the continued liquidation of in ventories, and that process has just about run its course. Retail trade is holding up well and will set a new record this year and be still higher next year. The new automobiles appear to be well received by the public and next year will be better than this. Steel production will start to increase in the near future —it has to because inventories have been reduced just about as much as possible. Housing starts will begin to increase almost immediately and over-all construction will make another new record next year. Farm income is on the rise, and will be appreciably better for 1960 than earlier appeared possible. Fear of inflation has been eliminated, which is one of the factors tending <to hold down investment in plant and equip ment. I Government spending is in creasing, at both the federal and the state and local levels. Exports are increasing appre ciably more rapidly than im ports. and our international de ficit is becoming somewhat less important. Personal income continues to rise, and so does employment. The Federal Reserve System is following a policy of rela TS2 CKwirxS KSiALD. ESKffOIt. HOSTS CAHGUKA, THHSSOA?. NOVEMBER 10. IM6. tive money ease and interest rates have declined sharply. Those are just some of the | , favorable factors, but they are ' enough, in our judgment, to war rant the conclusion that we are not about to enter a recession. Mrs. Virginia Pierce Dies At Merry Hill Mrs. Virginia Lee Pierce, 61, died at her home near Merry Hill Monday night at 10:15 o’clock after an illness of 10 years. She was a native of Bertie County and a member of Riverside Baptist Church. Surviving are her husband, Sim Lee Pierce; a daughter, Mrs. Fred Castelloe of Colerain; three brothers, J. H. Lee of Harrells ville, Ernest W. Lee and Vernon H. Lee of Merry Hill, and a sister, Mrs. Fannie Layton of Merry Hill. Funeral services were held at the Williford Funeral Home Wednesday afternoon at 2:30 o’clock. The Rev. J. R. Pru ett, pastor of Riverside Baptist Church, officiated and burial was in the family cemetery in Bertie County. Pallbearers were E. W. Bow ers, Woodrow Ward, Joe White, Jim Britt, W. H. Farless and John Miller. MORE FOR EVERYONE IN THE THE BALTIMORE AMERICAN Every Sunday the entire fami ly finds hours of reading enjoy ment in the sparkling Baltimore American . . . new features have been recently added . . . more are coming. Have you seen the new brilliance of the sparkling Sunday American? Make it a habit every week to read the BALTIMORE AMERICAN on sale at your local newsdealer. Legal Notices ADMINISTRATOR S NOTICE Having qualified as admini strator of the estate of James Lee Parker, deceased, late of Chowan County, North Carolina, this is to notify all persons hav ing claims against the estate of said deceased to presented them to the undersigned within one year from date of this notice or same will be pleaded in bar of their recovery. All persons in debted to said estate please make immediate payment. This 13th day of October, 1960. O. F. BLAIR, Administrator of James Lee Parker G. E. Tillett, Attorney. 0ct13,20,27,N0v3,10,17c WAKE UP PARIN' TO GO Without Nagging Backache Now ! You can ge*. th« fast relief you need from nagging backache, headache and muscular aches and pains that often cause restless nights and miserable tired out feelings. When these discomforts come on with over-exertion or stress and strain—you want relief —want it fast 1 Another disturbance may be mild bladder irritation following wrong food and drink —often setting up a restless un* feeling. . Doan’s Pills work fast in 3 separate ways: 1. by speedy pain-relieving action to ease torment of nagging headaches, muscular aches and pains. 2. by soothing effect on bladder irrita tion. 3. by mild diuretic action tending to increase output of the 16 miles of kidney tubes. >Enjoy a good night's sleep and the same happy relief millions have for over 60 years. New. large size saves money. Get Doan’s Pills today ! • Doan s Pills ADMINISTRATOR'S NOTICE | Having qualified as admini jstrator of the estate of Benja min Leary, deceased, late of Chowan County. North Carolina, I this is to notify all persons hav i iag claims against the estate of 'said deceased to present them to the undersigned withim one year from date of this notice or same will.be pleaded in bar ot their recovery. All persons in debted to said estate will please make immediate payment. This 20th day of October, 1960. J. EDWARD CHARLTON, Administrator of Estate of Benjamin Learv. 0ct20,27,N0v3,10,17,24c ADMINISTRATRIX NOTICE Having qualified as admini stratrix of the estate of Hubert Bt Williford, deceased, late of Chowan County, North Carolina, this is to notify all persons hav ing claims against the estate of said deceased to present them to the undersigned within one year from date of this notice or same will be pleaded in bar of their recovery. All persons in debted to said estate please make immediate payment. This 20th day of October. 1960. GERALDINE T. WILLIFORD, Administratrix of Hubert B. Williford 0ct2Q.27.N0v3,10,17.24c NOTICE OF DISSOLUTION —of— CHOWAN MOTOR COMPANY To Whom It May Concern: Notice is- hereby given that j Chowan Motor Company has filed its Articles of Dissolution under the provisions of Section 55-117 of the General Statutes of North Carolina. All persons in debted to said Corporation are hereby notified to settle their (accounts at the office of said j company within thirty days from ;this date. All persons having claims against said Corporation are re quired to present the same at the office of said company forth with. 0ct27,N0v3,10c EXECUTOR'S NOTICE Having qualified as E* ecu tor of the estate of Ida B. Byrum, deceased, late of Chowan County, North Carolina, this is to notify all persons having claims against the estate of said deceased to present them to the undersigned within one year from date of this notice or same will be pleaded in bar of their recovery. All persons indebted to said estate Will please make immediate pay ment. This 6th day of October, 1960. ALBERT G. BYRUM, Executor of Ida B. Byrum. Oct 6,13,20,27,N0v 3,10 c EXECUTOR'S NOTICE Having qualified as Executor of the estate of William D. Ful ler, deceased, late of Chowan County, North Carolina, this is to notify all persons having claims against the estate of said deceased to present them to the' undersigned within one year from date of this notice or same will be pleaded in bar of their ivmotis WensmotL 3>avs November 10th Thru November 19th LADIES’ NEW FALL SKIRTS „ «■“; . I , “w . Pi.id*. Strip** and Solid* Si*** Uto 30 OODOy SOCKS I Stretch SOCKB SPECIAL sl*69 I white 8c colon 25c 25c 't -OPE GROUP “"* ' ’~ n ! LADIES’ NEW FALL DRESSES , , °“ T ““ , Drni m?n rm ri/\OT Ladies and Children s Shoes COSI SPECIAL *I.OO LADIES’ SUEDE SHOES BOYS' I i BOYS' I DRASTICALLY REDUCED Sw L a ,*f rs F,an ™ l i hirts Sheet Blankets..... SI.OO 97c 97c Many Other Items Priced for Quick Clearance Open Saturday Night Until 9 o’clock Cuthrell’s Department Store ' 1 aaa^Baaaai .' ’ ~^ CjfWf© tfV ft/CKWMOft J>AVS NOVEMBER 10th THROUGH NOVEMBER 19th This Is Your Opportunity To Save On Gleem Paints Premium Outside Paint WALL-FIX FLAT FLOOR ENAMEL REGULAR $7.45 GALLON REGULAR 56.25 GALLON REGULAR s7io GALLON special $5.20 gal. special $4.75 gal. special $5.40 gal. Wall-Fix Semi-Gloss SPEC PLASTIC FLAT GLEEM ALJJMINTJM REGULAR $7.45 GALLON REGULAR $449 GALLON REGULAR ssio> GALLON special $5.60 gal. special $3.75 gal. specialss>.so gal. Hughes - Parker Hardware Co. MIOMIL Btli ■‘jpS.'t . 7 N recovery. All persons indebted to said estate will please make immediate payment. This 6th day of October, 1960. JOHN G. C. FULLER, .Executor of Estate of William D. Fuller. ADMINISTRATOR'S NOTICE Having qualified as adminis trator, CTA, of the estate of : Lourenda Satterfield, deceased, late of Chowan County, North ] Carolina, this is to notify all (persons having- claims against the estate of said deceased to present them to the undersigned within one year from date of this notice or same will be plead ed in bar of their recovery. All persons indebted to said estate will please make immediate pay ment This 6th day of October, 1960. C. R. SATTERFIELD, Administrator, CTA, of Estate of Lourenda Satterfield. NOTICE OF SALE OF VALU ABLE REAL AND PERSONAL PROPERTY. By virtue of the authority vest ed and conferred upon the under signed, the undersigned will of fer for sale at public biddings, for cash, to the highest bidder at the main dwelling on the premi ses, at 11:00 o’clock A. M.-, oh Saturday, November 19, 1960, the real estate and personal property in Second Township, Chowan County, North Carolina, to-wit: First Tract: Containing Two Hundred Fifty-eight and eight eenths (258.8) acres, more or less, known as a part of B. M. Hollo well’s “Fork Land”, located about 15 miles North from the Town of Edenton, bounded now or for merly on the North by the lands of William Elliott, Jim Evans, A. | V. Asbell, and others, on the East by the lands of W. H. Twine and others, on the South by the lands of Jim Asbell, Pete Asbell and others, and on the West by the lands of R. H. Hollowell, R. E. Forehand and others, and be ing more particularly described as follows: Beginning on the West side of the Hollowell Road leading to the Icaria Road, at the line of William Elliott, and runs thence North 62 degrees West 3200 feet to the run of the swamp, a corn er of R. E. Forehand; thence along the run of the swamp South 37 degrees 30 minutes West 1900 feet to the line of R. H. Hollowell; thence continuing with the run of the swamp; Hol lowell’s line South 60 degrees East 1850 feet to the mouth of a I ditch; thence South 12 degrees East 160 feet; thence South 23 degrees East 300 feet; thence South 2 degrees East 300 feet; thence South 6 degrees West 210 feet; thence South 24 degrees 30 minutes East 310 feet; thence South 69 degrees East 744 feet to said Hollowell Road, R. H. Hoi- j lowell’s comer; thence along said Road South 30 degrees West 660 feet to a bend in road; thence leaving said road South 28 de grees East 215 feet to an oak; thence South 29 degrees West. crossing said road 350 feet; < ... - thence North 64 degrees W6st 245 feet; thence South 19 de grees 45 minutes West 62S feet; thence South 69 degrees 30 min utes East along the line of Chas. j Asbell Estate 980 feet to a pine on ditch; thence North 24 degrees (East, again crossing said road, and with the line of Pete Asbell 1954 feet to a pine; thence North 87 degrees East 510 feet; thence North 45 feet; thence North 81 degrees East 900 feet to a big gum; thence North 24 degrees West 480 feet to a red 'oak; thence North 27 degrees West 550 feet; thence North 49 degrees West 375 feet; thence North 59 degrees West 700 feet 'to the road; thence along the Iroad North 30 degrees East about 880 feet to the point of begin ning. Second Tract; Containing twenty-six and two-tenths (26.2) acres, more or less, and known as a part of B. M. Hollowell’s “Fork Land”, located on both sides of the right-of-way of the Norfolk Southern Railroad, about 15 miles from the Town of Eden ton and about 400 yards East from the First Tract above de scribed, bounded .now or former ly on the North by the lands of W. H. Twine, on the East by the lands of the C. M. Asbell Estate, on the South by the lands of J. P. Jordan, and on the West by the lands of A. V. Asbell, and being more particularly describ ed as follows: Beginning at A. V. Asbell’s corner on a branch, and runs thence along the branch and Notice To Administrators, Executors And Guardians The law requires an ANNUAL AC COUNT to be made each year and an Inventory to be filed within 90 days after qualifying. If yoiti* Annual Ac count, Inventory or Final Account are past due, we respectfully urge that you file same at once, as we are required to report all such cases to the Grand Jury, which will convene at the November term of Chowan County Superior Court, November 28th. * , YOUR COOPERATION WILL BE VERY MUCH APPRECIATED! TOM H. SHEPARD Clerk of Superior Court swamp South 72 degrees East’ ■ 330 feet to 4 point in the center of right-of-Wby of the Railroad; thence North 75 degrees East 740 feet to the mouth of.ditch; thence North 23 degrees 3O’minutes East 550 feet; thence North 2 degrees East 285 feet; thence North II degrees West 185 feet; thence North 55 degrees West 265 feet; thence North 47 degrees West 180 feetiithence South 47 degrees West 886,Jfeet; thence South 36 degrees|3o minutes West crossing the RffllYoad right-of-way 35 feet; thence South 12 degrees West s(g) feet to the point of be ginning,-. Also the following personal property to-wit: All fairth equipment and ma chinery, to include one mtlle, used in connection therewith farming said lands immediately described above. A dcpq*ot of ten percent in cash of the purchase price will be required of the successful bid der or bidders at the sale. The remaining balance of said pur-, chase price shall be payable upon delivery of Deed, said Deed to; be delivered not later than Jan uary 1, 1961. This sale is made, subject to the crops growing oil. said lands for the year i 960; The undersigned reserves the' right to reject any or all bids made on said property, real, or personal. Dated and posted this 24th day of October, 1960. WELDON A. HOLLOWELL, Attorney. 0ct27,N0v3,10,17c •
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 10, 1960, edition 1
18
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