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BY ROBERT B. JOHNSON, Research Director
PAINE, WEBBER, JACKSON 81 CURTIS Z
Member Ne.% York C\c".ir.oe
' Now 'til Christmas
The minislumi> is over and economists are asking them
selves, what now : Business boom or minor recovery? All indi
cations I've observed seem to justify a bullish outlook for
business and the economy for o
the remainder of 1967 and into
1068.
The business upturn may be
KP m u c h more
— an 4.
that project
ed by either
the former
"recession
predictors"
or the "middle-of-the-roaders."
But I'm less enthusiastic about
the prospects for profits.
The economic recovery has
been stimulated, in large meas
ure, by a substantial increase
in consumer demand, and this
should continue for the balance
of the year. Our economy has a
tremendous "built-in demand
factor," whose potential can
have a dramatic effect on the
business curve. Significantly,
two areas hard hit by consumer
reluctance to spend automo
biles and appliances-have re
cently been the object of strong
consumer demand.
However, despite the in
creased consumer spending, and
resultant business upturn, I see
declining production and rising
wage costs putting corporate
profits in a bind. Their future is
primarily dependent on two fac
tors: taxes and labor costs.
The Administration is ex
pecting such a strong upswing
in the economy, an income tax
increase has been proposed to
Ctotwnj Pub
KENTUCKY
STRAIGHT
BOURBON
WNT ljj 4/SQT.
It l wm\
NATIONAL DISTILLERS PRODUCTS CO., NEW YORK. 86 PROOF
Fight Can Be
Just a Part i
Of the Job
DES MOINES. lowa "
A fist fight with fellow emDoyes
can be all in a day's work, ac
cording to ttie lowa Industrial
Commission.
The commission has awarded
workmen's compensation to
Clarence Diggs. who suffered a 1
broken jaw and the loss of five!
teeth In a packinghouse brawl. I
Comnisliolen Hurry W. Dahl
ruled that Di|gl did not willful
ly intend tl miwe himself and
that the figM. over some
name-calling by fellow workers,
occurred in the course of Diggs'
.employment.
jjiggs collected *sl a week for
two weeks and sr>l2 in hospital
and doctor bills.
prevent inflation and a return
to tight money. I feel that this
concern is well taken. But how
big an increase and when will
■ nit be enacted ton
jlf I predia Hit increase will
probably&fe fipier than a '6%
surtax ana it may be made ef
fective this year, depending on
the momentum of the business
upturn. However, enacted too
soon, a tax increase could choke
off the recovery before it really
gets under way.
Another question that could
vitally affect both business and
the stock market: Is there to be
an auto strike in September?
Unfortunately, everything
points to it, and its effects on
the total economy will be simi
lar to the waves created by toss
ing a pebble in a puddle.
Since stock prices tradition
ally tend to rise or fall in antici
pation of individual company
earnings, I think investment
success will demand the great
est degree of selectivity. Recent
market strength probably re
flected anticipation of at least
a moderate business upturn in
the last half of this year. But,
I feel that while disappointing
full year profits—somewhat be
low 1966-have probably been
I discounted, the market may not
have discounted a tax increase
| of more than 6'/ , a protracted
auto strike and escalation of
I the Vietnam War.
I * .
America needs
your help.
There is a new plan for Americans
who want to help their country as
they help themselves. Now,
when you buy U. S. Savings
Bonds through Payroll Savings
where you work, or through
Bond-a-Month where you bank,
you are also entitled to purchase
the new higher-paying Freedom
Shares. They are available on
a one-for-one basis with Savings
Bonds in four denominations and
are redeemable after one year.
Sign up soon.
Questions and answers
about Freedom Shares.
Q. What are Freedom Shares?
A. They are the new U.S. Savings
Notes a companion product
to the Series E Savings Bond.
Q. Who may buy Freedom Shares?
A. Any individual who purchases
Series E Bonds regularly through
a formal plan either Payroll
Savings where he works or
Bond-a-Month where he banks.
Q. What is the interest rate
on Freedom Shares?
A. 4.74% compounded
semiannually, when held to
maturity of 4 V 2 years. The rate
is less if redeemed prior to
maturity; and they may not be
redeemed for at least one year.
Q. Does this same rate now apply
to E Bonds?
A. No. E Bonds continue to
return an average of 4.15% when
held to their seven-year maturity.
Q. What do Freedom Shares cost?
A. They are issued in face
amounts of $25, SSO, $75, and
SIOO. Purchase prices are $20.25,
$40.50, $60.75, and SBI.OO.
Q. Can Freedom Shares be
bought by themselves?
A. No. They must be bought in
conjunction with E Bonds of the
same or larger face amounts.
US. Savings Bonds,
new Freedom Shares
LEARNING HOW TO PUT ■
ON THE HIM ATION WAS AN J jt |L ■
IMPORTANT PART OF A GIRL'S A\YF AA 'H
EDUCATION IN ANCIENT GREECE. \\^/ [JFL
ARRANGING IT IN THE SAME IV ' } H ■
DIGNIFIED FOLDS AS HER V ' • • " W
' MOTHER'S WAS OFTEN DIFFICULT. J/\
K I IN THE EARLY 1800 S THE PINAFORE
AS WE KN ON IT TOOAV WAS DESIGNED
FOR THE PURPOSE OF PROTECTING A
GIRLS DRESS INTHE SCHOOL ROOM.
I 1 TODAY. .. WHEN BUYING
■ WOMEN'S OR CHILDREN'S
\ APPAREL LOOK FOE THIS I
1 LABEL- THE SYMBOL OF YMTIK+X
■J \ I I PECENCY FAIR LABOR ('ILGWU'") '
/1 MT J STANDARDS AND THE XJFFK/
» J AMERICAN WAV OF LIFE.
• ' " 111 ' . •
"Che Sportsman's
" by Ted McCawley, Remington Wild Life Expert
FATHERS AND SONS _
In the years between 8 and w'-^>
14, when to many boyi b«- A
gin drifting away from their - lTjj3\A,
fathers, there's no * n isW*sfc
sporf than hunting—an area T "'£aFj®|T|
where Dad is the "old pro" V
—for bridging the gap be- yA "
tween the generations.
Hunting is a part of every
l lboy's natural affinity for
I 'h« woods. As he learns
J V T \ the ways of wild creatures
.Cp and emulates his father's
"^X\r*fsi3£t3'^»-^C5t mttr love. of the out-of-doors,
Tp you'll see a look of won
tler in k'* "y®* noth
y ing can equal.
Most communities today
have rifle langes spon- IN '4Wffe
sored by g/oups such as » ?^*§rtfYir
the Boy Seiuts, YMCA,
PAL or 4-H. You can start "'^j
your son cn the funda- BBf
mentals 6t shooting at K" V
one of ttxiie facilities, y -> ® /4
With a gocfd single shot !.
22 caliber ,ifle, such as , "j
Remington's Model 580
bolt action model—spe- —I
daily suited for the be- Jnmm 1
ginrter— and proper —fuKH
guidance, your son joins
BAKERY BOWLING DAIRY PHOTOGRAPHER RESTAURANT SHOE REPAIR WANT ADS
Broadcast Exec Backs
Non-interference
Cable TV
CATV, the cable television system
now serving 23 million Americans,
with more than 110 million forecast
for 1980, has finally won an endorse
mCnt '' om somc
sion is
tive of Triangle Stations has warned
the National Association of Broad
casters. "CATV is here to stay and
can't be wished away," he noted in
proposing the establishment of a
CATV division within the broadcast
group. "It particularly serves viewers
in poor reception areas and that
number is rapidly being increased
by tall buildings and steel construc
tion across our landscape."
Mr. Clipp, one of the first broad
casters to recognize the potential
of the cable approach, recently won
the Liberty Bell Award of the Tele
vision & Radio Advertising Club for
"creative foresight and vision." His
resolution now has the support of at
least one other promingpt station
owner, Fetzer Broadcasting Co. But
most broadcasters fear that trans
mission centers will assume the func
tion of originating programs, reduc
ing the power currently shared by
existing networks and stations.
Mr. Ciipp's compromise position
-legal prevention of program origi
nation by CATV and of bringing sig
nals across the nation by microwave—
is expected to break the back of con
servative opposition at the next in
dustry-wide meeting in January.
The 5,900 existing CATV systems
are expected to multiply by one-third
annually, reaching 23,6?2 in 1980.
With an average 4,000 homes per
system paying SSO per year, cable
TV will be a 1.5 billion dollar busi
ness, soon outstripping the television
industry itself.
The Clipp campaign for broad
casters' support rests on the public
good, citing improved reception and
wider variety of program choice as
CATV's basic benefits. He predicts
eventual replacement of many local
station transmitters by key produc
tion centers which will feed the cable
systems to large regions.
Litter Train
frt, ,U m#'" 6
Keep America Beautiful, Inc., the national anti-litter organiza
tion, estimates that litterbugs in 1967 will dump enough trash on
U.S. streets, highways and beaches to fill a freight train stretching
from Chicago to Houston, a distance of 1,080 miles. The hypo
thetical train would be made up of 100,000 cars with a total ca
pacity of 20 million yards. Unfortunately, points out KAB,
this litter won't end up in freight cars or any other receptacle. It
will cost U.S. taxpayers SSOO million to have it picked up. The
answer to this staggering tax bill: Don't litter. Carry a litter bag
in your car. Stash your trash in litter containers, not on the road.
HIGHWAY HIGHLIGHTS
(SQAST- TD-COASr DRIVING
without a traffic li&ht or stop sign I 7
WILL RE POSSIBLE WHEN THE ~ { \
41,000-mile Interstate —" \l S / )
J System is completed
rfuE SUPERHI6HWA
WILL LINK 90 PER CENT OF "■ ' g.i.
THE NATION'S MAJOR CITIES. * r V'' ' .
ALREADY, ALMOST bO PER
CENT OF THE TOTAL MILEA&E L|
IS OPEN TO TRAFFIC. AND , M /f—•*£
THE REMAINIUG +0 PER *7 ' 'J
CENT IS IN PRO6RES&.
AVERAGE 10* i PER
fHKtn, Im r ';' i lllWll gallon, are the
i MAJOR SOURCE
Dial 596-8202 for Service 1
LAUND^^^OEMIERS
• 2505 Ao|kr Ave. • Wellont Vilhf*
LAUNDERERS & CLEAN ERBj
Phone 682-s+*fi
REFRIGERATED FUR STORAGE AND
BOX STORAGE
......
Purefoy's Photography
i
Call: Day 682-2913, Weekend 682-7316
SATURDAY. SEPT 9, 1067 THF. CAROLINA TIMES-
I # ' v . I ' 1 I
ia#U ■ 1 1
Have Cat! Will Travel!
HP *
|K ,dr *
■T oHf
This cat is about to let herself out of the bag a bowling bag- She'd
prefer to be toted in a carrier designed for cats.
NEW YORK (CFN) —Take
one cat, add a vacation and the
result will be a purr-ty good
time for all. That's been the
experience of millions of Amer
icans who have taken a trip
with Tabby in tow.
Most cats much prefer trav
eling to spending days oh end
in a cage at the local veterin
■ arian's establishment —espe
cially if the shelter also houses
barking dogs.
If puss Is to accompany you
on a trip, buy a leash, harness
and carrying case for your pet.
At almost any pet supply
shops, you can purchase a lug
gage-like carrier with air holes.
Other models feature a small
see-through screen for the cat.
Planning' to travel by car?
Then prepare kitty by letting
her explore the inside of the
automobile several times before
you start on your journey. Once
on the road, keep your cat in
the carrying case or on a collar
and leash so that there's no
danger of your pet jumping out
of an open door or window.
B CUT L ° WERS PLANTS "FUNERAL DESIGNS > 0
\ * | DIAL 682-3866
r ■ *Mo+U2.'i ••• " I
I i ' t
f r \ Florist For Ev«ry Occasion ' fi
1001 NORTH ROXBORO ST.
: Tom's o-" -uiMinmr
Your clothes look better longer.
Colors brighter with "MARTINIZ- I
ING" the most in Dry•
Cleoning . . . and you d««» CZ.
SAVE, TOO! , " lrt l *" k * 1 U
' FREE ? H L RTS 1 I
DOLLARS mSm SSr \4 ■
With each claim Flnlth 1
check for 13 or V (In Unlli of S) L 11 —J
mora In dry clean =#l Rn. 32c m.
ing brought In ACs] PSy
5 for $1.50
Open
TOM'S • W. Club Blvd. r.lfW
(OPP. Norttigat* *
One HOUR »•»..-e«Nr.
U _ /' • Miami BlTd. E\
, mwwim. -*r- Lgfl
' THE MOST IN DRY CLEANING |
thovplnf CifiHr) Thomw TMw
SAFE)
SORRY-/
PROVIDE PROTECTION WITH
AUTO INSURANCE
your rates and bene
fits on auto insurance
WITH other companies?
Before you renew or ' .. r™
check with us. Com
pare our low rates.
CONSULT US ABOUT OUR INSTALLMENT
PAYMENT PLAN
Union Insurance & Realty Co.
114 FAYETTEVILLE ST. PHONI 6*2-1131
5B
Train trips are particularly
pleasant for puss because cats
are usually allowed the run of
a compartment or roomette, re
ports the Purina Pet Care Cen
ter. In the case of coach reser
vations, the cat usually rides
in her carrying case in the bag
gage car.
Aboard planes, cats are usual
ly required to be in a carrying
case or kennel and to travel in
the pressurized baggage com
partment. From the standpoint
of saving kitty time in transit,
flying is the easiest way for a
cat to travel.
Whether traveling by car, rail
or plane, check ahead to de
termine hotel and motel pol
icies. And be prepared for con
siderable confusion. Many trav
el representatives are not pre
pared to answer questions con
cerning reservations for a cat.
If you have a cat, travel with
discover that sharing
a vacation with your pet can be
an altogether rewarding exper
ience.