—SECTION ONE
PAGE TWO
The National Outlook
Production Makes All-Time High
By Ralph Robey
f- ' It is becoming rather repeti
tious to report on good business
liews but week by Week it comes
along and it is all important.
Among the latest items is the
report of the Federal Reserve
on production.
1 The Federal Reserve is the
pnly organization which com
piles over-all statistics each
month on the volume of produc
tion. It is presented by means
bf an index which uses 1957 as |
equal to 100, and since the re-1
ports to the Board are in physi
bal units a change of prices does
not affect the index.
1 In January 1960 this index
Was 111, and that reflected to
degree the effects of the
long steel strike. For the next
Six months the figure remained
at only one or two 'points be-
Ipw that, and in July was 110.
Ihen came a decline which
gradually brought the index
4own to 102 in February of this
jjear. That was the low of
trie recession.
'T The figure which has just
lieen announced is for July and
ijt is 112, or one point above
tire previous high. This means
that in five months, in so far
ijs production is involved, the
4ntire recession has been over
lome. That is an amazing rec
ord, and better than in any oth
-4r post-war recovery.
I Equally impressive is the fact
<hat the improvement has been
almost completely across the
long list of industries included
in the index. In some instances
■(he increase was small, as is to
ie expected, but a rise is sig
nificant no matter how slight it
fnay be. For the index as a
Whole the July figure/was 2 per
cent above June, and 2V2 per
cent above the plateau in the
first half of 1960.
It also has just been an
nounced that personal income in*
July made a new high record
of $421.8 billion. This includes]
$2lB million of a special govern
ment life insurance dividend to i
veterans, but even without this I
the total is $2 billion above!
June. This special dividend was
made possible because the death
date among this group con-j
tinues to be lower than the.
basis upon which the premiums'
were calculated. |
1 Some of the details in thisj
' personal income report are
worth noting. Rental income
was the same as in the preced
ing two months, but lower than
,in the corresponding period of
1960. Dividends were identical
with June, and slightly above a
year earlier. Personal interest
revealed a rise of SIOO million
over June, and that month had
shown the same increase over
May. Business and professional
proprietors had an increase of
S2OO million, which followed a
rise of half that amount from
May to June.
All of this together amounts to
only S3OO million. In other
words, the substantial propor
tion of the growth and personal
income was in wage and salary
disbursements. The total of
these alone amounted to $282.5
billion, or some two-thirds cf the
personal income of the nation.
No longer is there any legitimate
basis for maintaining that it is
a shortage of consumer buying
power which is holding up re
covery.
But President Kennedy is not
satisfied with the rate of busi
ness improvement. This is
shown by his order to Secre
tary of Commerce Hodges a few
Dial NORMAL to give regulars vigorous washing
. . . dial gentle for slower, gentler washing for
sheers. S wash-rinse water temp combinations
and 3 water levels. Magic-Mix* dispenser filter.
Surgilator* agitator flexes out deep-down soil.
MEW 1952 MODEL *Tmk.
Western CU* Service
204 S. Broad-St. PHOXK 3122 E<teht», H. C.
1 days ago to release ahead of
’ schedule another large amount
jof money to the states for the
! purpose of speeding up road
i building. It also is shown by
his almost continuous requests
to the Congress for more and
more money for practically
everything under the sun.
When such increases are for the
military there may be some jus
tification for them, but the ma
jority of the others represent
| extravagance and waste to a
greater or lesser degree.
With recovery going along as
well as it is, it is most unfortu
nate that a more conservative
government spending attitude is
not adopted by the Congress.
Edenton Aces Open
Season Friday Night
Continued from Page 1. Section 1
The 31 boys trying out for
berths on the team are:
Ends—Joe Mitchener, Wayne
Griffin, Douglas Twiddy, Tom
Phillips, Jerry Townsend, Phrl
Harrell and Durella Ambrose.
Tackles Charles Cuthrell,
Ronald Forehand, Sam Wright,
Jack Ashley, Joe Harrell and
Billy Voliva.
Guards —Mac Wright, Donald
Forehand, Walter Small, Richard
Weikel, Charlie Overton, Ray
Forehand and Olin Hassell.
Centers —Cecil Fry and Billy
Cozart.
Backs —Diehard Dixon, Carroll
Forehand, Wayne Ashley, Jim
my Dail, Hiram Mayo, Jr., Billy
Twiddy, Percy Byrum, Boots
Lassiter and Douglas Sexton.
Coach Billings says the squad
has been working hard and that
the boys are showing a lot of
spirit and enthusiasm. "We
have a tough schedule, tougher
than last year,” said Billings,
“but the boys are eager to play.
After the inexperienced boys
get a few games under their
belt, they could be a hard team
to handle.”
There is no prediction on the
part of the coaches, but they
say “If a boy does the very best
he can, that’s all a coach can
ask for and the coaches feel
the boys will do that.”
I The Aces will meet what is
| said to be a much stronger
Camden team Friday night.
Dennis Basnight, Rebel coach,
believes his squad is far su
perior to last year’s when they
were, defeated by the Aces 38-0.
Besides, the Aces will proba
bly be without the services of
CarrOll Forehand and Charles
Cuthrell who are on the injured
list. If they play at all, it will
most likely be for only a short
time.
The school band will parade
up Broad Street prior to the
game and will provide music
during the game. The major
ettes and cheerleaders will also
be on hand to help in raising
the curtain for the football sea
son.
Jaycees are selling season and
reserved seat tickets, the bleach
ers have been put in place, so
that it is hoped a large crowd
of fans will turn out to witness
the opening game.
VFW MEETS TUESDAY
William H. Coffield, Jr., Post
No. 9280, Veterans of Foreign
Wars, will meet Tuesday night,
September 5, at 8 o’clock. Com
mander Bill Harris is very
anxious to have a full attend
ance.
THE CHOWAN HERALD. EDENTON. WORTH CABOLSNA. TKPRBQAT. AUGUST 31.1982. '
I ' \ * l»s
■ r v * m Siy.Lii •
M WI% Jk &jyjr ■ M m
• 'M'AtIMu Bfli » , Vv -Y -A- •358*8
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1 Hi
LEDGE END—A rocky ledge, projecting toward theTCaietur
Falls in British Guiana, offers one of the most beautiful and
breathtaking views in the world. Although it is only 300
feet wide, the falls has a drop of 741 feet.
Kick-off Meeting
In Elizabeth City
Continued from Page 1, Section 1
planning committee was delight
ed to obtain him as guest speak
er, as a change in schedule for
a trip to South America was
made by Mr. Gilmore in order
to attend the initial meeting of
the Albemarle Area Develop
ment Association.
It is hoped a large delegation
from Chowan County will at
tend as it is open to the public
for an evening of business as
well as fellowship with nine
counties from the Albemarle
area. These counties include
Dare, Currituck, Camden, Pas
quotank, Perquimans, Washing
ton, Tyrrell, Hyde and Chowan.
There are several other area
development groups in North
Carolina and the counties in this
area are most anxious to get
under way with their area or
ganization. A board of six di
rectors per county will be
j ti : 'M'i W ::: 'ly-
|. ' DYED-TO-MATCH
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This Store Will Remain Open Every Wednesday
Afternoon Through December 31st.
N. C. |J J,
elected at the meeting in Eliza
beth City, September 8.
Harvested Acres In
Chowan Take Drop
Continued from Paqe I—Section 1
acres in 1960 compared with 349
in 1959.
All other land, woods, waste,
46,389 acres in 1960 compared
with 46,733 in 1959.
Major Crops Harvested
Corn, all purposes, 12,893 acres
in 1960 compared with 14,292 in
1959.
Cotton, 2,542 acres in 1960
compared with 2,415 in 1959.
Tobacco, 522 acres in 1960 com
pared with 529 in 1959.
Peanuts, all purposes, 6,107
acres in 1960 compared with
6,284 in 1959.
Wheat for grain, 160 acres in
1960 compared with 132 in 1959.
Oats for grain, 230 acres in
1960 compared with 214 in 1959.
Other small grains for grain,
14 acres in 1960 compared with
67 in 1859.
Milo and other soybeans for
grain, 66 acres in 1960 com
pared with 185 in 1959.
Soybeans for beans, 7,005
acres in 1960 compared with
5,620 in 1959.
Lespedeza for §eed, 15 acres
in 1960 compared with 1 acre in
1959.
Hay Crops Harvested
Lespedeza, 10 acres in 1960
compared with 15 in 1959.
Soybeans and cowpeas, 22,
acres in 1960 compared with 96
in 1959.
Alfalfa and mixtures, none
in 1960 compared wjth 3 acres
in 1959.
All other hays, none in 1960
compared with 22 in 1959.
Vegetables Harvested
Irish potatoes grown for sale,
15 acres in 1960 compared with
5 in 1959.
Sweet potatoes grown for
sale. 440 acres in 1960 compared
with 457 in -1959.
Other vegetables grown for
sale. 4,154 acres in 1960 com
pared with 4,270 in 1959.
Vegetable gardens for home
use, 155 acres in 1960 compared
with 207 in 1959.
All other crops, 9 acres in
1960 compared with 57 in 1959.
Livestock and People -
Sows and gilts kept for breed
ing, 1,618 in 1960 compared with
I, in 1959.
Cows and heifers 2 years and
ever kept mainly for milk, 70 in
1960 compared with 79 in 1959.
Cows and heifers 2 years and
over kept mainly for beef, 641
in 1960 compared with 644 in
1959.
Hens and pullets of laying age,
11, in 1960 compared with
18,925 in 1959.
All metal grain storage capa
city, 8,000 bushels in 1960 com
pared with none in 1959.
Tractor drawn or mounted
spraying and dusting units, 97
in 1960 and none listed in 1959.
All people living • on farm
tracts, 4,415 in 1960 compared
with 4,737 in 1959.
People who worked 100 or
more days off farm during year,
536 in 1960 compared with 557
in 1959.
We may be personally defeat
ed, but our principles never.
—William L. Garrison.
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Sign Pine News
' By GERTIE BLANCHARD
Mr. and Mi's. M. M. Perry of
Edentoa were visitors in the;
home of A. T. Perry Sunday
afternoon. . '
Forrest Jordan of Holland,
Va., spent the week-end here
with his parents, Mr. and Mrs.
N. E. Jordan. Those who called I
Sunday afternoon were Mr. and j
Mrs. McEhrie Jordan of Smith-1
field, Va., Mr. and Mrs. Britton
Jordan from Corapeake.
Mrs. Pat Ward, Misses Con
nie Elizabeth Ward, Miss Mavis
Ward and Miss Bbenda Rose
Umphlette were guests of Mrs.
Gertie Blanchard and Mrs.
Thomas Blanchard Saturday af
ternoon.
Kellie Little spent the week
end as guest of his children in
Suffolk and Chuckatuck, Va.
Mr. and Mrs. M. C. Ward and
son, Dorsey and Mrs. Thomas
Blanchard attended a family
picnic at Sandy Point Sunday.
Mr. and Mrs. C. A. Perry
spent the week-end at Nags
Head.
Guests of Mr. and Mrs. Ed
Ward and Mrs. Victoria Ward
last Thursday were Mr. and
Mrs. Jack Way and children of
Conyers, Ga., Mr. and Mrs. E.
L. Hollowell and daughter, De
anna, Mrs. Guy Hollowell and
daughter, Sheryl of Edenton,
Mr. and Mrs. Randolph Ward
and daughter, Flqra Jane, Miss
Lucy Davis of Ryland and Mrs.
Avis Nixon of Rocky Hock.
Jerry Ward spent last Tues
day night as guest of his aunt,
Mrs. Elbert Nixon.
Supper guests of Mrs. Vic
toria Ward Sunday were Mr.
for the best in...
5
Service
and Mrs. Elbert Nixon + oft Rocky
Hock' and Mr. and Mrs. Vance
Moore of Suffolk, Va. 1
Miss Beverly Jane Wlard of
Suffolk, Va., spent week
here visiting her grand fnother,
Mrs. Victoria Ward. Siie also
visited her grandmotheij • and
aunt in Rocky Hock.
Mr. and Mrs. D. H. Berjryman,
Sr., and Mrs. D. H, Ben -yman,
Jr„ from here, Mr. Mrs.
Robert Nixon and daughters,
Sandra and Becky from j Rocky
Hock visited D. H. Bert yman,
Jr., in Kecoughtan Hospijtal op
Sunday. D. H. is expected home
next week-end. [
Mrs. Gladys Berrymari and
children from Richmond; Va.,
visited Mrs. Indiana Berryman
Sunday.
Mr. and Mrs. E. A. Buijich of
Milwaukee, Wisconsin, are' visit
ing Bunch’s sister, M;:s. In
diana Berryman.
Students who will be entering
college for the first time j from
Warwick Baptist Church] are
Janet Chappell, Chowan;! De-
Witt Pierce, Chowan; piane
Jean Blanchard, East Carolina;
Bobby Chappell, East Carolina.
Those returning to college are
Bertha White, Chowan, j
Jerry White, University of iNorth
Carolina.
The Rev. and Mrs. Ityarren
L. Rollins, pastor of Warrwick
Baptist Church, entertainejl the
( SPEND A QUUflr ] Pt*A*Ui6tMINW
J
off-tq-coUege students with a
buffet supper Tuesday night
Mr! and Mrs. Elton Morris and
daughter, Wanda, returned home
Sunday after a week at Nags
Head.
Holy .nmumon Service was
observed at Warwick Baptist'
Church Sunday morning.
WSCS MEETS SEPT. 5 '
The Women’s Society of Chris
tian Service of the Edenton
Methodist Church will meet at'
the church Tuesday night, Sep
tember 5, at 8 o’clock. All
members are urged to attend.
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