Newspapers / The Chowan herald. / Dec. 8, 1960, edition 1 / Page 10
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PAGE TWO Mttcnow two 1 The National Outlook Prospects For Capital Investment By Ralph Robey | Two items are crucial in the| determination of the business [trend. These are inventories and pusiless investment in plant and equipment. They may move to gether, or in opposite directions. HhisFmeans that they may aug ment each other, or tend to off set each other. But that is only one tphase of their importance. I Op inventories the only fig ure aji we have are historical. Tha£ is they refer to what al ready has happened. Os course predictions may be made, but they are fraught with danger. An<% errors in such predictions mayif be enormous, because Changes in inventories may amount to twenty billion dollars a year. In the first quarter of this?, year, for example, inven tories were being accumulated at Wh annual rate of over SI 1 j billion. Since then there has been a continuous decline, and j no one can know how much longer this drop will last. Such a movement of inven-- tories has a direct affect upon gross national product. It also has a curtailing influence upon production, employment, con sumption, and almost every oth er segment of our economic sys tem. This has been perhaps the most important single factor in our business trend this year. On business investments in plant and equipment we have historical figures, but we also have predictions that have prov ed to be amazingly accurate. There are two sets of such fig ures. One is official, the other is private. The official series is compiled by the Department of Commerce and the Securities and Exchange Commission ’ from data submitted by various indi vidual companies. The private series is that of McGraw-Hill and is based upon replies to a questionnaire. The two differ in both coverage and details, but the totals always are relatively close. The latest government survey was based upon reports made in late July and August. The pro jections were carried only to the end of this year. They show the same total—s 36.9 billion— for both the third and fourth quarters. The McGraw-Hill, survey has just been published. It covers th<» rest of this year and also 1981. The figures are both sur preing and encouraging. They show an anticipated decline for next year of only 3 per cent, to $35 billion. This 3 per cent ap plies both to manufacturing alone, and' for all business to gether. The largest drop in proposed manufacturing investment is tex tiles—2l per cent. The largest increase is electrical machinery— * XA Iki ' > JOE THOHUD SAYS: how • to keep your HOME IN , ; THE FAMILY I £ • - [l and your FAMILY IN THEIR HOME j EjlStfl}! Nf f Just see your Nationwide nun •ad ask for a Mortgage Can cellation plan. Here's really low cost assurance that your mortgage will be fully paid mtUomaticolly if you’re not here to do if. Check Nation wide - the Company with mem idem fee e mem ere, y " ~ \ JOE THORUD 10 per cent. Ir. the non-manu facturing field railroads lead the list in declines—24 per cent, and electric and gas ultilities plan the greatest increase—4 per cent. The projection is surprising for several reasons: the widespread talk of a recession over most of 1961; the unused capacity at present in all of our major in dustries, which in some instances amounts to between 40 and 50 per cent; the marked squeeze on profits in almost every field; and the difficulty, or impossi bility, of raising prices. All of these considerations, one would assume, should curtail business investment in plant and equipment—curtail it by much more than a mere 3 per cent. Obviously other factors are even more important in the minds of business management. Among these probably the most signifi cant are the desire to increase efficiency by more modern ma chinery, the introduction of new products, the knowledge that a business can not simply stand still, and a genuinely optimistic long-term confidence in the fu ture of our economic system. If the McGraw-Hill projections prove true, business investment in plant and equipment will at least a sustaining force throughout 1961. Merry Hil! News] By LOUISE B. ADAMS V • r 1 ! Mrs. E. J. Pruden, Jr., and children, Ellen and Edmund 111, j and Mrs. E. J. Pruden, Sr., were lin Willlamston Friday shopping. 1 Those who were in Edenton to 1 see the Christmas parade Thurs da ywere Mrs. E. J. Pruden, Jr., I and children, Ellen, Edmund 111, , and Ima Marie, Mrs. E. J. Pru ; den, Sr„ Mrs. Raymond Outlaw and daughter, Brenda Sue, Di anne Miller and children, Becky, Bobby, Freddie and Ann, Mari lyn Kay, Marcia and Randy Bar field and Mrs. W. T. Davis. Kermit Mizelle of Edenton * r • Straight Kentucky - Bourbon Wf :I S/ll'Ainkp iTijj u^IWUOTTKIITDOinrMOMIMOg cfyiauj/it . J (ttahey!u£itftf cti&tiKeotacco'utvnff to the gvneAt' xrCct X/va^tittMOj. DISTILLED A 60TTLED BY ' *M ANCIENT AGE DISTIIIINO CO. FRANKFORT. KENTUCKY 4|| "nemm ITRAIGHT KENTUCKY BOURBON WHISKEY. 86 fttOOf ANCIENT AGE OtSmilNG CO, FRANKFORT. KY. THE CHOwAK HERALD. EDEKTON, NORTH CAROLINA. THURSDAY. DECEMBER «. i 960. ——— ~ ' ■ ' : If! A • • • .J ‘NO HANDS’ FLIGHT—Two new superionic F-105 Air Force Jets, above, are shown as they flew from Florida to California under robot control. The 1,400-mile-an-hour fighter bombers flew each of the two 1,600-mue legs in 3V4 hours, their pilots handling the con trols only during take-off and landings. * The nuclear bomb-carrying F-105s have been described as “a reusable guided missile” capable of striking a target anywhere in the world in a matter of hours. visited his grandmother, Mrs. C., T. Baker and aunts, Mrs. Viola Cowan and Mrs. Louise Adams, Friday. Mr. and Mrs. Walter Miller of Windsor visited Mrs. C. T. Baker and family on Friday. Mr. and Mrs. Lewis Britt and family moved to Edenton Mon day of last week to make their home. Mr. and Mrs. Gilbert Williams and daughter, Lynn of Ahoskie spent the week-end visiting their parents, Mrs. Lloyd Cobb and Williams. Harvey Williams of Ports mouth, Va., spent Friday night with his father, Butler Williams. Mrs. Ralph Smithwick and Mrs. Viola Cowan were in Wind sor Saturday on business. Mrs. Lillie Evans has return ed to her home after spending sometime visiting her sons, Ro land Evans and family and Ben Evans and family in Norfolk, Va. Janie Ella Altman of Ports mouth. Va., spent the week-end with her brother-in-law and sis ter, Mr. and Mrs. W. T. Davis. Mr. and Mrs. W. T. Davis were in Hertford Thursday on business. Dot Wright and Louise Gray of Edenton spent Friday night with Mr. and Mrs. ,W. T. Davis. Mr. and Mrs. W. T. Davis visited Mrs. Davis’ parents, Mr. and Mrs. Bill Altman in Ports mouth, Va., Sunday; also her grandparents, Mr. and Mrs. Frank Rogerson in Norfolk, Va. Mr. and Mrs. Raymond Outlaw and daughter, Brenda Sue, visit ed relatives in Scranton' Sunday. Mr. and Mrs. Chet White, Mr. and Mrs. Milton Robertson of Rosemead were in Hamilton Sunday afternoon. Tommie Cobb and son, Ken neth, Mr. and Mrs. Glenn Pritch ard of Elizabeth City visited Mrs. T. E. White and Mrs. Virgie Baker Sunday. Mr. and Mrs. Milton Robert son of Rosemeade visited Mrs. RobertSQn’s parents, Mr. and Mrs. Chet White Sunday. Janie Ella Altmant returned to her home in Portsmouth, Va., Sunday after spending a few ONE-STOP SHOPPING FOR A NEW CAR at your Chevrolet dealer's ! Now you can make your car-shopping rounds the easy way—all under one roof! For ’6l your Chevrolet dealer offers nearly any type of car you could want—at the kind of price that’ll make you want it all the more. There’s a whole new crop of Chevy Corvairs with lower priced sedans and coupes and four wonderful new wagons unlike any ever built before in the land. There are new Chevy Biscaynes—the lowest priced full-size Chevrolets, beautiful Bel Airs, elegant Impalas, six easier loading Chevy wagons, including three 9-passenger models. Come in and pick and choose to your heart’s content! £ H fi* fah y --" J.T* 1 . . 11 -;i j. T " * ~~ NOMAD 9-PASSENGER STATION WAGON \r There are six easier loading Chevrolet wagons for ’6l—ranging from budget-pleasing Brook woods to luxurious Nomads. Each / has a cave-sized cargo opening measuring almost five feet across unconcealed compartment for stowing valuables *•*••••• •• ••••••••••ee»eeeee#eeeeee»«e#e#e»#ee»eeeee#eeeee#e4*6*eeeeeeeeeeeeeeeeeeeeee#eeeeeeeeeeee*eeeeeeeeeee.eee ••••••♦####• • 2 A • • p \ * • ficjT ; : New '6l Chevrolet IMPALA 2-DOOR SEDAN ‘ - ; New lower priced '6l CORVAIR 700 CLUB COUPE \ l here's a new measure of elegance from the most elegant Chevrolets of t There’s a whole crew of new Chevy Corvairs for ’6l—polished and • J “."- There s a full line of five Impalas—each with sensible new dimensions • perfected to bring you spunk, space and savings. Lower priced sedans • / : r ‘Bht back to an easier-to-pack trunk that loads down at bumper level • and coupes offer nearly 12% more room under the hood for your 1 . and lets you pile baggage 16% higher. • luggage—and you can also choose from four new family-lovin’ wagons, j * sPr : New '6l Chevrolet BEL AIR SPORT SEDAN ; , a mceavur e L \ \ Beautiful Bel Ain, priced just above the thriftiest full-oae Chevies, • - no' i I : up m parkable new outside dimensions. 1 do«m q X^?M?^rghS^SlfvtotkST^’ ** prlc ® d *** • • y -- - •e* ••••••••••••••••••••e»*ee»e*eeeeeeeeeeee*eeeeeeee»eee••••••••#eeeieeeeeeee ■ -■■ ~ -* - - •* - . * l v* ; ' 1 • • • \ . ' M r- _ 4 \ *l.. * V ( . • Seethe new Chevrolet cars , Chevy Corvairs and the new Corvette at your local authorized Chevrolet dealer's - ~ ■ Fnnrhifir ma am days with Mr. and Mrs. W. T. Davis. Mr. and Mrs. Jimmie Smith of Norfolk, Va., spent the week end with Mrs. Smith’s parents, Mr. and Mrs. Bernard Williford. Mr. and Mrs. Donnie Smith wick of Newport News, Va., spent the week-end with Mrs. I Smithwick’s parents, Mr. and Mrs. Gilbert Layton. Mr. and Mrs. Edmund Daven port and son of Washington visited Mr. Davenport’s brother and sister-in-law, Mr. and Mrs. C. W. Davenport Sunday. Mr. and Mrs. C. W. Davenport and children, Margaret and Douglas visited Mr. and Mrs. Roy Goodwin in Edenton Sun day. Mrs. H. G. Evans, Jr., and Mrs. Lillie Evans visited Stanley Evans in Windsor Sunday after noon. Fonda Smithwick, who is a student at East Carolina College in Greenville, spent the week- end at home with har parents, Mr. and 'Mrs. J. B. Smithwick. Mrs. Jessie Perry of William ston visited her brother-in-law and sister, Mr. and Mrs. E. J. Pruden, Sr., Sunday. There was quite a crowd that gathered around E. J. Pruden, Jr.’s Store on Saturday to look in on a chain saw demonstration. Logs were sawed and friendly conversation was carried on by everyone. At lunch time chick en, barbecue, cole slaw, bread and hot coffee was served and enjoyed by all. It was said | to be about the largest crowd to attend a chain saw demon stration. [ Hospital Notes ] Virtues Hoar*: A. M.. I:«4:N r. M.. S:M-8:M P. M. Children under IS ant permitted in Tlsit peUente. Patients admitted to Chowan Hospital during the week of No vember 28-December 4 were: Whit* Mrs. Mary C. Forehand, Miss Phyllis Imogene Byrum, Mrs. ! Ruth Ambrose, Jeff White, Er win Lee Hollowell, Mrs. Kather ine Lane, Hugh Harrell, Mrs. Lois Green, Mis. Thelma Dan iels, Reuben Lassiter, Rufus Eas on, Mrs. Rose Akers, Mrs. Max ine Bunch, Mrs. Lucille Jones,; , Mrs. Louise Mae Benton, Mrs. ; Irma Presson, John Pitt, Miss Inez Sawyer, Mrs. Kay Smith, Gordon Fitch and Stewart Dav • HELPFUL INVESTMENT SERVICES APPRAISALS....QUOTATION*-... SECURITIES ANALYSIS....FRIENDLY.GUIDANCE Coll our Representative in this Area \ Carolina Securities EdenL^c” Corporation Jmwmmq?’ for PHONE 2466 Members Midwest Stock CHARLOTTI • RALEIGH • NIW YORK CIIV enport. V Cli stored William Runajble, Mary Rankin, John H. Grin son, Ray Willie Basnight, Lucy Sharp, Lee Free man, Callie liiverman, Orideth Roberts, Thurman Spruill, Jr., .Marie Stallings and Ester White James. Discharges tluring the same week were: j Vl'hite James A. Ooodwin, Bennett Lamb, Mrs. Evelyn Spear, Mrs. 1 Mamie Byrum.i John Hildery Jor- I dan, Chester • Winslow, Phyllis Imqgene Byrurh, Jeff White, Mrs. Lois Green, J|irs. Thelma Dan iels, Mrs. Mairtha Small, Otis Chappell, Mrs.j Mary C. Fore hand, Ervin Lee Hollowell, Mrs. Katherine La'iie, Rufus Eason, Mrs. Rose Alters, Mrs. Maxine Bunch, Mrs. liessie Mae Benton and Mrs. Irma; Presson. Colored Mary Rankin, Sarah Lassiter, William Bank t, Isaiah Cornelius, John Wrightoia, William Rumble, Lucy Sharp, liee Freeman, Callie Liverman, Orideth Roberts, Mary Alice Valentine and Estella Spruill. i . t . Births Births at the hospital during the same period were: Mr. and Mrs. Raymond Cullen Bunch, a son; Mr. and Mrs. Wen dell Sherlock Benton, a son; Mr. and Mrs. Jake Presson, a daugh j ter; Mr. and Mrs. Curtis W. Rob erts, a daughter; Mr. and Mrs. William Sawyer, Jr., a daugh -1 ter; Mr. and Mrs. William Ed - ward Valentine, a daughter. Good temper, like a sunny day, shedSu a fay of brightness over everything; it is the sweet ener of toil and the soother of disquietude. —Washington Irving. <pw DOWN a»</UV£! ! Plants & Shrubbery I FOR SALE Cabbage Plants j Early Jersey Wakefield And } Asgrow Early Round Dutch | Steel’s Jumbo Pansies in | mixed and separate colors, Sweet Williams (tall and dwarf), English and Shasta Daisies, Candy Tuft, Bas ket of Gold. Nursery Stock Hollies, Azaleas (tall and dwarf), Camellia, Junipers, Legustum Pyracanthia. ❖ We Guarantee The Plants We Plant! Leary Plant Farm EDENTON. N. C. Phone 2744 Located In The Heart Os Rocky Hock :
Dec. 8, 1960, edition 1
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