Babson Gives His . . (Continued from page on**) legitimate foreign trade where the credit is good. 24. Throughout 1949 war talk will continue; but no real World War 111 will start in 1949 WAH PREPARATIONS WILL CON TINUK LABOR OUTLOOK 25. Good business depends upon two things: 1) reasonable wages and <2) reasonable prices When both of these factors are in bal ance there is good business; but when they get out of balance, look ior trouble. Low prices are of little help when people have in efficient wages with which to buy; but it is also true that good DICKEY THEATRE MURPHY. N. C. ADMISSION 12c - 30o Watch For Our First Run Pictures! Saturday. January 1 "Rocky Rhodes' With? BITK JONES "Bush Pilot" With ? Rochelle Hudson - Jack La Kue Chapter 7 "Phantom Empire" Starring Gene Autry and his horse Champion Late Show 10:45 in The Corner" With ? Scott Brady - Anabel Shaw Sunday - Monday. January !-3 "Easy To Wed" Starring ? Esther Williams - Van Johnson News ? Short Subjects Tuesday - Wednesday, Jan. 4-5 "The Star Packer" With ? John Wayne - George "Gabby" Hayes Short Subjects Thursday - Friday, January 6-7 in Old California" With ? Richard Arlen- Andy Devine News ? Short Subjects lilllllilUllllllllillllllllllllilillllllllllllll!lll!UllllllHllllllllllllllllllilllllll!!ll| i wages are of little use if prices are > j too htCfc 1'or people tn buy The | Taft-Hartley Law will be repealed ' or amended to encourage free | .speech, union protection and in I creased production. 1 1 lit) The income of wageworkers must increase before an advance ill prices Contrariwise, too high prices always precede a deeline in employment and wages. This , downward cycle leading to unem i ployment may begin in 1949. Much | depends upon crops and weather. 27 Labor leaders who get in creased wage rates usually get re elected. while those who do not Set \va4e increases ar liable to be defeated Hence labor leaders have naturally kept urging higher wage- although they may feel in i h e 1 1* hearts that wages are high enough tor .the time being We lorecast that 1949 will see some change of attitude in this regard . iul that wi*e leaders will be more .nterested in preventing the "bust". 28 If wages are too high, organized labor is the first to be j Jaid off when business declines Unorganized workers have the steadiest jobs and will go through .949 a thout losing their positions 29 Some labor leaders will dur ng 1949 work for pension sy? ems and sick benefits This would !-e a constructive program for em i ployers who can afford to do it. 1 ut many employers cannot afford i i ven these benefits at this time. ! lloth employers and wageworkers will some day unite in urging a ;>rogram which will give steady work throughout the year This is the best hope for lower building . osts Bricklayers, painters and carpenters are criticized today for | c*oing such a -mall amoun. of 1 work, but we must remember the i many days when they are unable a work due to weather ami >ther conditions INFLATION Hi) Inflation high price-1 comes : v hen consumption exceeds produc Real Estate For Sale We now have several good hous es in Town. Also several small places in the oountrv for sale at reasonable prices. Also some eood farms. D. M. Reese, Rt \L ESTATE BROKER. Townson Bldg. Phone 114. Murphy. N. C. Special Price On USED CARS One-1949 Custom Ford Coach, radio, heater, spotlight, backup lights, air cushion tires, delivered price $1675 One-1941 Hudson Sedan, clean 845 0ne-1940 Dodge Sedan 745 ()ne-1940 Willys Sedan 545 One-1937 Dodge Sedan 395 One-1937 Dodge Coupe 345 One-1939 Plymouth Sedan ... 445 0ne-1940 Dodge 1 l/i Ton Truck Hydraulic dump bed ... . 395 ()ne-1940 Chevrolut l1? Ton Truck clean, ready for service . 395 ()ne-1940 Willys Pickup Truck 495 All of these cars have been reconditioned and ready to go. Franklin Motor Co. I Phone 274 Murphy, N. C. tion. This means that inflation can be cheeked only by increasing production or by reducing the :noney supply. The job of getting prices down today depends, there j lore upon what management and I labor produce per hour We be I lieve that wage increases during 1949 will be accompanied by a , corresponding increase in the per hour production of the wagework cri. 31 Some object to the large profits that their employers are getting today compared with the J930Y It. however, should be : emembered that during these de pression years most employers had i.c profits whatsoever. We fore cast that profits will continue to he regulated automatically by the lr.w of supply and demand, rather than by the government. 32 At some time during 1949 we forecast that the point will be leached where the nation's inflat td money supply will have become j fully employed Hence, emphasis may shift from efforts to stop in flation to efforts to halt deflation STOCK M \RKET 3.i 1949 may not be 't better \ ear stock market wise than 1948 Investors will especially get out of stocks of companies which have most of their assets in big. vulnerable case of war" cities, u investing n companies whose as sets are we!! distributed and safe from attack 34 The Administration will not vant tiu? How-Jones Industrial Average to go too high on account 01 the consequent effect upon la bo is demand s. Commodity > peculation will continue to be c u rbed 35 The wisest will not try to p.ck any special "winners" in 1949 but will diversify broadly 1 host' who have too many stocks will gradually build up good re serves in cash or Governments, for the big break which will come >ume day Careful buyers of stocks will insist on making full p.iyment and avoid borrowing dur ing 1949 36 Safe lividend paying stocks will be in greatest demand, espe cially if double taxation on divi dends should be eliminated BONDS 37 W'e i r definitely bearish on l?w-coupon-r.rf. long-term taxable bonds as nion.-y rates will gradual .y increase 38 It Congress should exempt i1 vidcnds from double federal taxa lion. 1949 will see a further falling ?ff in the prices of certain tax exempt bonds. 39 We forecast no change in i he nation n monetary policy relat ing to credit control and interest iates during 1949 40 Investors will give much more attention to diversification in 1919 and will try to have their HEADACHE CapoJin* rontjim 4 tpfcijlly Iflcciri ingrcdit ntt thjt work together to g,v* qnick relief from h(iJi. provide parking spaces, etc. I There also i> a disinclination to I i uild new city property in view . . the present high costs 42 Suburban real estate will j continue in fair demand during I 1949 although there will be some "hading of prices. I 43 Big commercial farm acre age will sell for less during 1949; cut subsistence farms, located close to established communities, will i old up in price. 44 General building will de crease during 1949 although the cost of building may decline a | ! little The quality of workman ? >hip will improve. 45. Both office and residential j j icnts will be higher in 1949 Only .is property owners are granted | | higher rentals, will there be cuough houses to rent 4b' Mortgage interest rates dur- | | ing 1949 will continue about the I same as in 1948. Any changes | will be toward increases POLITICS 47 The Administration will en courage legitimate new enterprises ond full employment, continuing it. loyalty to labor and the farmers. 48 Vacancies in the various com missions and government ccrpo ra tions organized since 1932 and I which have great powers will be tilled by men acquainted with legitimate bu j M.\ Truman 49. Congress will take our fore I ign policy out of the hands of the I j State Department and the Brass | j Hat*. i 50. The Administration will be fair both to labor and management j I ( r lose the Congressional elections ; of 1950 by bringing on depression r* scu it' ftr'* ** M l. CLASS, I ADS PA V ABLE IN ADVANCE. LOCAL RATES: >,lnimuni ^ ^ lion of ad with not more than 25 words: three insert ions. SI. \dditional words, -e per word. lOKKI KVri S nnc time 3c per word. All rates net. Class! lied ads accepted up until 1! noon Wednesd,, , Kl VI I) < I \SSII II l> ADS ARE 3. PER WORD VXD A MINIMI M OF 75c. CARD OF THANKS f MEMORLIMS. RISOLI TION. OF RESPECT . AND OR1T1 ARIES 2c PER WORD. FOR SALE ? Onr Easy Washing machine with spin dryer and one small oil heater Call Mrs. Fred .Johnson Jr. Phone 194-J 22-3t< 1 1ST RECEIVED Fresh shipment i Russell McPhail Candies. None Better Five Point Store. 24-ltp FOR SALE ? Three-unit apartment house and lot, corner MeLelland and Hilton Sts , and lot between the Darnell and Wort hen homes For information write Mrs. Ruth Carringer, 818 S Main St. Winston-Salem N C. 24-3tp WANTED? Black Walnuts, any quantity. Cash upon delivery ? at Five Points. W. M. Fain. 24-ltp ! For experienced assistance with your income tax return that will probably save you money ? Set I> M Reese. Townson Bldg Phone 214. Murphy. 24-tfc FOR SALE ? 10-acre farm Four room house, good barn, good spring plenty of wood. Located two miles from Martin's Creek school. Priced to sell at $7.> W.lson', ,, Service next to To ' Lumber Mill Murphy, c 20 GENERAL FIX-IT SIIOp3ZJ ing too small or too |aPgt B?J us anything that needs renal ing IXin t throw it away bnj it to our Fix-It Shop. Wihotf Auto Service next to Town