North Carolina Newspapers

THE BEST PLACE T 0 B U Y is with the Merchant who ad?er (toi, takes time to tell 70a what lie in offering and given you a fair ?tee. Buy in Louisburg THE BEST SA LI Doesn't always mean the tiigheat * dollar. I Sometimes costs Interfere. * Sell Your Tobacco and Cotton in Louisburg VOLUMN LXXII Subscription $1.50 a Year COUNTY SELLS LAND RESOLUTION OF APPRECIATION County Commissioners Re ceives Reports; Seeks Dis carded School Bus For Library; Bartholomew Objects to Remitting Fair Tax The Board of Couuly Commis sioners met iu regular session Monday with all members present. After the formalities of opening the following business was trans acted: After tihe minutes were read Commissioner Bartholomew ob jected to the tax on the Franklin County Fair being remitted, be cause it was a private and not a public concern. H. F. Mitchell presented a pe tition from Hayesvllle township asking that a secondary road from Ingleside to Kocky Ford be taken over for repair and main tenance. This was approved and forwarded to the State Highway and Public Works Commission. Reports as follows were receiv ed and ordered filed: Supo. K. K. Richardson. County Home; Mrs. J. F. Mitchlner, Welfare Officer; Dr. R F. Yarborough, Health Officer; J. E. Tuck. Negro Farm Agent; Miss Lillle Mae Braxton. Home Agent; W. C. Bo.vce. Kurin Agent. The Board gave permission to the Town Commissioners of Loulsburg to sell the Hazel wood lots. The County Attorney was in structed to make deed to the H. W. Allen land in Franklinton township to Gene Blacknall. A resolution expressing the Board's deep appreciations to Mr. John F. Matt-haws, former Coun ty Attorney, for his dllllgenre and splendid attention to the County's legal affairs was unanimously puMd. The Board requisted 8upt. W. R. .\llils to write Dhe State School Commisalon and get. if possible, a discarded school bus for the use of the County library. Commissioner H. T. Bartholo mew and A. F. Johnson were ap pointed a committee to confer with the Town Commissioners re lative to building a culrert over , a ditch near the river to ac commodate an extension of Bull Run Alley and Spring Street. After allowing a number of ac counts the Board adjourned. o L0U1SBURG BAPTIST CHURCH Next Sunday morning at eleven o'clock. Dr Everltt OKI. of Wake Forest, will All the pulpit at the Loulsburg Baptist Church In the absence of the pnstor. Sunday Sohool ul- #:4o. There will he no evening ser vice LOU ISBURG METHODIST CHURCH "Let Us Draw Near" la the ser mon subject for the 8unday morn ing 11:00 service Mr Hedden will speak at 7:10 on "The Chris tian In Society." Church School will convene at 8:45. led by Prof. I. D. Moon. Methodist Youth Fellowship serv ices will meet at f:4S. These are the last Sunday services before the North Carolina Conference meets In Durham, Monday night. We are anxious to have you here for these services. o - Swain County sheep owners are attempting to increase wool and lamb production by using better rams on their grade ewes, says H. R. Clapp. farm agent of the N. C. 8tate College Exten sion 8erv!ce. It is harder to forget the sting of the bee than to remember the ' sweetness of the honey. PROGRAM AT THE LOUISBURG THEATRE The .following Is the program at the Loulsburg Theatre, begin ning Saturday. Not. 8tb: Saturday ? Double Feature ? Don "Red" Barry In "The Apache Kid" and Marjorie Wearer in "We Go Faat." Also flnal chap ter of "Jangle Girl." 11:00 P. M. No*. 8th ? Owl Show, All Stiar Cast in * "What Price Passion." Sunday - Monday ? Jeanette MacDotftl. Brian Aherne and Gene Raymond In "Smllin' Through." Tuesday ? Henry Fonda and Jackie Cooper In ?'Return of Frank James." Wednesday ? Stan Laurel and Oliver Hardy In "Great Guns." Thursday-Friday ? Tyrone Pow er and Betty Grable In "Tank in The R. A. F." RED GROSS DEFENSE PROGRAM CALLS FOR GREATEST ROLL CALL RESPONSE American's national defense ef fort require a great expansion of | a 1 1 American ? ? Red Crpss ac- *? tivitieSi Di;. A. Paul Bagby chairman of the Louisburg Red Cross chapter declared this week iii urging "ail-out" sup- nrn PDflCP port of the |(t|| uKUuU greatest mem bership Roll Call in Red Cross history, to be held from Novem ber 11 to 30. Dr. Bagby said t'he Louis burg Chapter had set a quota of 1.000 members fer its share in the national appeal. "W? must go over the top in this Roll Call." he added, "because the continu ance of the National Red Cross program depends upon the suc cess of the local chapters in ap pealing for members." Funds realiied during Hi* Roll Call period, be pointed out, will be used to enable the American Red Cross and its chapters to carry on its expanded services to the Army and Navy and to widen its national defense program for the civilian population. During the past few months, the local Red Cross chapter has handled more than 4 00 cases of relief from Are, such as the burn ing of homes anil accideut cases and has already handled 15 home service cuses of service men who wish to be discharged from armed forces and maintaining contact with families at' home of service men in far away stations. This year. Dr. Bagby reported, enrollment of school children In the Junior Red Cross will be conducted simultaneously with the Roll Call. Children are not usked to join individually but) classes Join us a body paying a nominal fee for membership. Last year 10.000,000 boys and girls in the schools of America participa ted in the varied Red Cross pro grams through the Junior Red Cross. This year the figure should he more than doubled be cause the need" is so great. Dr. Bagby called upon every resident in the Loulsburg-Frank 1 1 n (bounty area to enroll as a Red Cross member in the local ; chapter in order that "our com munity may contribute its full share to this Important huraani- ) tarian program which mean* ao I much to our homes as well as our Sown and nation." I'AKMV.tl. A Hm'KHH The Spoox Carnival Deloox sponsored by he Mlaalonary Cir cles of the l.ouiaburg Methodlat Church and Riven at the Louis burg Armory 011 last Friday nlKht wan a great auccesa. Large tium bera of Loulaburg people, many dressed in typical Hallowe'en atyle. attended. Roth old and young enjoyed the tiahinf. the fortune telling, the dancing, the drlnka. the eata and other many thingH that were open for the en joyment of 1 he gueata. The Mllla High School Band furniahed muaic and a big time was had. WI-NH I'RKMIl'.MH Mr. J. 3cot< Dennla. one of Franklin County'a moat auccena ful poultry raiaera. was again the ! winner of high honors at the State Fair and at the Georgia State Fair at Atlanta, on Anco naa. At the North Carolina 8tate Fair he won first and aecond pris es on Cocks. Hena. Cockerel and Pulleta. Ha alao won first and aecond prisea on Old Trio and on the Yonng Trio. At AManta. Oa.. be won all first prts?a offered on Anconaa. This ia quite an honor for any, one raiser to have bestowed upon him and Franklin County re-. Jotcea with htm In thla honor. New Governor Columbia, 8. C.. Not. 4. ? J<meph Kmllr Harley, of Barn wrll, aunwdrd Burnet Rhett Ma> bank an Governor of South Carolina today on the latter'* resignation to become a mem ber of the United State* Sen ate. * Harley. At -year-old lawyer who had been Lientenant Gov crnor since 1085. was sworn In before a large group of rela tive*, friends and State officials who crowded into the executive offices In the west wing of the State House. Maybank handed his resignation to Secretary of State W. P. Blackwell shortly beforehand. In taking over the office, Harley called for a short legis lative session "devoid of ex travagances and divorced from I bitterness' aad for "strict and sane" governmental economy in the face of the heavy bar dens of the national defense program. MANY DIVOR CES GRANTED RAILWAY CASE NON-SUITED Franklin Civil Superior Court Presided Over By J udge Thompson In Ses sion This Week Franklin's regular November term of civil Superior Court was convened in the Court House in Louisburg Monday morning, with Judge C. E." Thompson presiding.! After granting a number of divor- j ees it took up a damage^mit case against the Seaboard Air Line Hallway which lasted through Wednesday to mid afternoon The docket as disposed of up to Thursday noon is as follows: Ida Daniel Wright was granted a divorce from L. I). Wright and was given the custody of their' little son. Annie Belle Oilbert was grant- 1 ed a. divorce from Samuel Lee Gilbert. J Helen ?Sentier Timliuson was' granted a divorce from James Bel-nice Tomliuson. Flora Tunstall was granted a divorce from John A. Tunstall. Rebecca G. Hall was given a divorce from James David Hall. O. L. Pearce was given a di vorce from Allie T\ Pearce. Mrs. Catherine Franklin Sat terwhite was grauted a divorce from John Satterwhlte. A non-suit was ordered if the case of Louisburg Supply Co. vs O. K. Itadford and W. D. CoUrell. A non-suit was ordered in the case of Armour & Co. vs W. Z. W li (taker A motion to lion suit was order ed by the Court in the three cases, for damages of Annie Glenn Kil ley. Administratrix, of Sylvester Itllley. vs Seaboard Ain.Llne Rail way. John Vaughan and T. Lacy Williams. Administrator of John Vaughan. and George McCrlmmou vs Seaboard Air Line Railway. Johu Vaughan. and T. Lacy WU llams administrator ot John Vaughan. John Henderson rs Sea board Air Line Railway. John Vaughan and T. I*acy William*! administrator ot John Vaughan ! These Ihree cases were combined , and tried as one case. Lumpkin Promote d Selection for ? coinmltmion In the U. 8. Marine Corps Reserve Is an honor recently bestowed up on George Thurjnan Lumpkin. 23, an aviation cadet- at the U. 8. Naval Air Station at Jacksonville, Florida. Lumpkin lives at Louisburg, North Carolina and ta the son of Mrs Lena Parker Lumpkin, of 067 Rowland Street. Henderson, North Carolina. After completing his primary training at Uncle Sam's huge na val avIaMon training center at Jacksonville. Lumpkin will re main there six to eight weeks more for t\ls intermediate train ing and then go to Miami for ap proximately six weeks of special-; ized airplane carrier Instruction before receiving his wings as a : Marine Aviator. Marine Corps Aviation Is an Integral part* of Naval Aviation1 and functions under the Navy's Bureau of Aeronautics and Head quarters of the Marine Corp*. It 1 performs a dual mlsalon ? rap port of the Marine Corps aground and carrying out Naval missions from carriers In the support of the fleet. Lumpkin, who volunteered for the Marine Corps, will retain his status as a Naval Aviation Cadet until he gets his wings. Prior to entering the Naval Reserve. Lumpkin attended Oxford Or phanage High School, Oxford, North Carolina; Louisburg Col lege at- Louisburg. and North Car olina State University where he was active in football and boxing. Before taking up flight training Lumpkin received a commission as Ensign In the Naval Reserve after undergoing three months special training at Ohe Naval Re serve Air Base at Atlanta. He entered flight training at Raleigh, North Carolina and re ported at Jacksonville on August 20, 1941. STILL Enforcement officers Fred fra iler and Spenee Ollliam brought In the cap and worm of a 400 gal lon submarine still they captured about one mile southeast ot Frankllnton on Wednesday morn ing. They alao brought in sev eral tubs and 200 pounds of su gar. It was a complete outflt bnt not in operation. They also destroyed about 400 gallons of mash and 400 galloas of spent mash. They were assisted by Constable Odom. of Franklniton. o ? ? RENKW YOUR SUBSCRIPTION Air Raid Warning Service I hive been requested by a representative of General /Frank, U. S. A., commanding this area, to express/to all those connected with the Air Raid Warning Service in Franklin County, his sincere thanks and appreciation for their fine unselfish ser vice^reHctered during the recent maneuvers. A new series of Maneuvers will begin on No vember 14th, and there will be a meeting at the Court House in Louisburg, N. C., on Friday Night, November 7th at 8:00 o'clock. New instructions will be discussed at this meeting and all observers connected with the Air Raid Warning Service are urgently requested to be present. E. H. MALONE, Chairman, Franklin County Defense Council MANY WRECKS Id And Near Louisburg * Over The Week-end Several wrecks ill uud urouud Louisburg Sunday caused Injury of nine persons and considerable property damage, and resulted in the arrest of tbree persons M. C. Wilder1 and Mrs. Jonah Arnold suffered minor cuts and bruises when their cars collided at an Intersection on l-he Bunn highway, six miles south of Louis burg. at 11:45 Sunday morning. YVilder's car was damaged badly. llenry Smith, Negro. waB treat ed in the office of Dr. Herbert G. Perry Sunday night for a hip fruriure he suffered in an auto mobile accident east- of Bunn. Pfc. Glenn Sanders. Compauy B. 70th Tank Battalion, Fort Meude, Md., suffered back injuries and foot lacerations about noon Sunday when his motorcycle col lided with the car of Dr. James B. Wheless. of Louisburg. on North Main Street. After being treated in Dr. Whelesa' office 8anders was taken to Itex Hospi tal. Kalelgh. where It was said thut his Injuries apparently are not serious. Bennle Williams and Lucille McCown. Negroes, were arrested Monday and Jailed on charges of hit-and-run driving following an accident about 8:30 p m. Sunday on Cedar 8t. 'ln which Caroline Holmes. t>. daughter of Mr. & Mrs. Koy Holmes, of l.oulsburg, suffer ed loss of several teeth. Sheriff J. IV Moore said lhat a car own ed by Williams and driven by one of the two Negroes struck Mrs. Holmes' car and continued away from the sceuc u m 1 1 a bent fen der dragging on a tire forced It to halt. The Negroes then walk ed away from I he car. the sheriff said Mrs. Holmes' car was dam aged to the extent of about )2?0. Early Hamljt. Negro, suffered scalp and facial lacerations Sun day morning when bla car over turned 12 miles east of Louisburg on the Rocky Mount road. Mrs. J. C Tucker and Mr. and Mrs. J. T. My rick all of Vaughan. were injured about 10 a. m. Sun day when the car in which tbey were riding overturned a mile north of Louisburg on the Hen derson highway Tbe Myrlcks, suffering from back Injuries, were taken to Maria Parham Hospital, Henderson. Mrs Tucker suffered a fracture of the left collarbone. A daughter and grandson of Mra. Tucker escaped Injury. Johnny^ Williams. Negro, was placed ln*the county jail on a charge of drunken driving after his car struck a car and trailer of a faintly of Gypsies directly In front of the jail about noon. The Negro was arrested by Chief of Police C. P. Cash. No one was Injured. Late Saturday evening an auto mobile said to be driven by James Rdward Fogg struck the back of a wagon in which Lee Davis and his wife were riding, with the re sult that they were thrown from the wagon and his wife painfully injured, and the wagon badly damaged. All parties involved were negroes. Little George Herman Murphy was painfully but not seriously hurt on Tuesday abont 1 o'clock when he riding a bicycle emerg ed from a side street on Nash Street and contacted a moving automobile driven by Joseph Ball, with the result that yonng Murphy was thrown head first against the back side light of the car with such force that the glass was smashed. George was taken to Dr. J. B. Wheless' office and given treatment. UN LOCATED REGISTRANTS The following registrants are uulocated. Information of their whereabouts is desired before re porting them to the F. B. I.: John Thomas Copeland, color ed. Induction Notice returned, and Important that this man be located Immediately. Colored ? Janes Edward Solo mon, Charlie PGrry, "Orlng Bert Foster, Maurice Williams. Louisburg College News The second in the I.ouisburg 1 College concert series will be presented Friday evening in the auditorium of the Mills High School. The artist tor this per formance is Jack Kank, titled the i world's "protean artist supreme," and the press reviews that he has received in such cities as New York. Minneapolis. Chicago, and other large ceuters of the nation indicate that he has full right to this title. Ills specialty is in presenting a drama, both male and female parts by himself, his conversion from character to character being made during llie brief step from i one door to another on the stage. He changes bis costume, make-up. personality, voice, and III effect becomes a new person in the pas-| sage of a few seconds. Louisburg may count itaelf for- 1 lunate to have such an artist visit; the city. Tickets me on sale by the baud boosters. 1?1 Alpha Pi Kpsllon, national bon I orary secretarial fraternity, en tertained the members of I'hl Tlieta Kappa, national honorary liberal arts fraternity, and tbc | honorary members of both organ izations at a Hallowe'en parly, Tuesday. October 28. The rooui in which the party wan held was decorated in seasonal style, and I he traditional games, complete even to the ghost, were enjoyed along with some novel Innova-i lions. Following the games, re- 1 freahtnents were served to the twenty-two persons present for the party. 1?1 The International delations Club gave a hallowe-en party Wednesday evening. October 29 , 'It was a costume affair, and prlies were awarded Oeorge Bsdnlaa and. Maxlne Alfoid for the most ortgi-j nal costumes for men snd women' respectively. A fortune teller was present and "read" the past and future of the assembled pen pie Games were played under the direction of Miss Marge, Crisp, director of athletics for women Refreshments were ser-| ved to the approximate^ fifty i people who were st the party. | FRANKLIN TO SEND 30 TO BRAGG FOR SERVICE I Tlie following white men will hi- >ent (o the Port Bragg Induc tion renter by the Franklin Coun ty draft board on November 12: William Wyatt- Lane. Jr., , Prankllnton, Route 2; William Earnest Moore, Kraukllnton, Route I; William Kdward Perry, | Jr.. Prankllnton. Ronte 2; Sam Newell Pearce, Virginia Beach, jVa.; Donald Lee Carlyle/ Zebu Ion, Route 2; I.ynwood, Hender son Vaughan, Franklinton; John iJunlua Hamm, Youugsvllle, Route 1 1; Cornell Robert Eakes. Louls burg, Route 1; Claude Allen 1 Williams, Loulsburg, Route 3; Charles Kdward Lewis. Wood; Eugene Earl Twladale. Bunn; William Albert- W<xxH'e'. Prank llnton; Horace Jones. Bunn; Claude Medlin, Prankllnton Route 1 2; Ernest Lenwood Moore. Camp Polk, Cary; William Nicholas' | Leonard. Loulsburg, Route 3; Wilbur Wade Moore, Loulsburg, Route 1; Hollls Thomas Puller, Loulsburg. Route 2; Roy Manuel Cash. Loulsburg, Route 1; Rob ert William Winn. Virginia Beach. Va.; Charles Raymond Prlrette, Loulsburg; Thomas Ho well Cooke. Prankllnton. Route |1; Nor r is W. Collum. Pranklln ton; James Sampson Oay, Jr., Perry Pt>., Md . Oflia Henry Hill, Jr.. Youngsville; Earl William Carlyle, Zebulon, Route 2; Gra ham Winifred Gupton, Loulsburg, Route Marjet Haywood Bed dingfleld, Zebulon, Ronte >; Gray Rot land Gupton. Wood; Earl Creech Shearin, Charleston, S. C. ? 0 The AlBdgkt7*s well la deep and full bat you must lower the bucket. I EUROPEAN WAR NEWS ?u ?? ? Moscow Nov. 5.? The German! duve ?n Moscow lias been stop ped dead everywhere and In at' least one area of the Donets basin the Nazis are in retreat, "?leaving behind them heaps of dead and many guns." the Kussiuii? an "? ? jMfi.snxr xt trss boxes to counter a his Red coun Tienrho ie Woscow radio said. Tj enches also are being due for Nazi infantrymen, i, added .... . Ked Attack This development followed a big two-day Soviet land and air 17? m W< 11 was said destroyed . Nazl tanks, 25 field guns a . ?*n?Ply convoy of 350 am munition and infantry trucks, and the SHVlets sald At I ula, ioo miles south of Moscow, the Russians said the J Kill was continuing, too -"but the enemy is not f|KhtlUf. wlth the same ardor as when he be gan the offensive." The official radio announce ment summed up the military sit nation t-bus: Three days ago a big Red coun ter offensive began on the right irPre7"""y ,n ,hp Kalinin < aica !?.> miles northwest of Mos- < cow. after stopping a German < drive which left hundreds of Nazi I dead ou the field. 1 The Red tank forces then de- < Stroyed 15 Nazi tanks and cut I through the German ranks to < mow down .100 more Nazis in one ' e?'*age i,n<l 800 1,1 another. I Nazis < _ In the Maloyaroslavets sector i1 65 miles southwest of the capitai Where the German drive now has,1 been halted for a month, the Rus-j1 ?ians claimed to have "severely 1 1 mauled a number of German dl- 1 visions. , 8m?bjng 67 German tanks In the Mozhaisk area. 57 miles weal' of Moscow, during last night's!1 operations, the Nazis were said I1 o have gone on the defensive and 1 me Russians recaptured s village ' Where heaps of Germans lav In ( the street*. i The 68th and 6?ih German reg- 1 Iments were declared to have suf fered severely In I lie Volokolamsk 1 area. | Twenty-seven German airplanes' were shot down near Moscow II ftelf during the day. German losses In the1>onets ba- f sin fighting far to the south dur- . Ing the first two days of Novem- i ber totaled 260 German trucks. ! 14 tanks, 16 field guns. 10 anll-li tank guns and two tank trucks ) This was scored by Red airmenil alone, the Russians said |t The Russians were slleni. about 1 < rlmea "Khtlng. but said Ger- ? man attempts completely to en- I circle Leningrad In the northwest I had failed and that Red troops I were counterattacking on all ap- I proaeht's to that besieged city. | < Vichy. Unoccupied France. Nov t ; ? _ dl"'ovp|y atid capture; ot nn unstated number of .... i French parachutisU In western i tin-occupied France and the cap ! lure of a grounded British plane I loaded with I)e Gaulish propag anda in the same vlclnitv wereii disclosed today. I| (The dispatch gave no indlca-|i lion as to when the parachutists M were rounded up. I ]i Toronto. Nov. i. ? German aub- 1 marine*, already reported seen from tbe Newfoundland coast, will < be operating cloae to Nora Scotia 1 within a abort time, the chief of 1 the Canadian naval ataff predict ed tonight after the christening of a corvette designed to fight IT- | basis. If U-boatg reach Nova Scotian | watera. they would be adjacent to i area* of tbe United States. The | western roast- of Nova 8cotta la ] about B? miles from the eaatern- J most point of the United 8tate? , and almost the same distance | from Catnpobello Island. New , Brunswick, where President) Roo sevelt has a Summer home. Cape < Sable, southern tip of Nova Scotia | is about 250 miles east of Port- | land. Maine. < o ' Another of life'a paradoxes la < that when a speech la boiled down, it isn't so dry. i Ordered Home Washington, Not. 4 ? New pvldfiK* that the United State* In preparing for eventualities In the Far East was seen tonight In the disclosure that families of Navy men and civilians on the Island of Quam have been ordered home. The order was issued by the N'aval Governor of the Pacific Isle, strategic America! oat post 1.S00 mile* south of Ja- 1 pan. It followed by only a few 1 days a new British appeal to its nationals to leave the Orient, and was la Una with this government's efforts to re patriate all non-essential Amer- < leans from potential war sones in the Pacttc. WHY U. S. STOCKS DON'T RISE ,k N Babson Moder ately Bullish (It) KOUKR W. BABSOX) Babson Park. Mass.. Nov. 7.? With all the aeMvity and confi dence existing ^ iii) ruaa. we gee lethargy and (ear in Wall Street " Where the Dow JoneB Average was 138 at the outbreak of the War, and later reached the high" of 157, It is now at' 122. Let me give you the reputed rea sons for this situation a u d ni y comment thereupon. n.Ansox DKhKNSK A NEW INDUSTRY 1. "Although the present ia lustriai recovery is now 60% ibove the level at the outbreak, if the War, practically all of thla increase has been on war bust lees." My COMMENT: Wbtt >f It? Our Industrial Increase lias always been due tit sonie hing,? the automobile industry, lie radio craze, buying on instal ments. or a political victory. The defense industry is a legitimate tud permanent industry. 2. "Although gross profits ire very high. ye? taxes are ter riiic. In many cases Hie gross profits have increased 100 % while [lie net profits, after the payment iif taxes, show an increase of only 1U%." MV COMMENT; If these [-oinpanies had had an Increase of imly lil'i in net prolits and no in creases in taxes. Investors would lie very happy. Yet what is the liiierenoe. especially as income laxes cannot be collected except upon dividends paid. A compari son of today's dividends with the prices at which the stock! are lelllng makes them look ridicu lously cheap. T.YXK8 CAN HK PANNED ON 3. "Notwithstanding the huge taxe* that are now being paid by 3ur corporations. Secretary Mor tenthau talks about an "all out" ax program which will take all profits above 6%." MY COM MENT: Employers have always Feared Increased taxes Turn to he histoVyol any nation and you kill see a continual wall over 'taxes." Of course, taxea at lmes have been almost conAsca ory to Inveators who live Idly on inherited wealth. Those Id ac :4ve business, however, have al ways found that they could pass in the taxes to the ultimate con lumer 4. "Although there have been no panics in the stock luariiet lince World War II lUirled In September, 19.19. yet there baa not been any deAntte trend one R'ay or the other. People like a market which is moving." MY IOMMKNT: The fact that the average speculator does nob like today's market Is one of the rea sons for my Itklng It. As a rule, most speculators are wrong They ire enthusiastic about the market when they should stay out' of It; ind they are. discouraged with Ihe market when they should en ter tt. COMMODITIES ARK l<OW 5. "Moit comm?4lt; prices hare gone up so much recently, many chart reader* hare become bearish. It la an oid saying in Wall Street that high commodity prices precede lower Hock prices." VI T COMMENT: Although com modity prices have advanced con ilderably during the last year, hey are aa nothing compared with what they were during World War* I. For instance. In World War I wheat sold at 13.40 per bushel; cotton sold at 38 ceata per pound: copper sold at 37 rents per pound; steel sold at 1100 per ton; and sugar you :ouldn't buy. beg. or steal! 6. "The fact that money rates ire controlled by the Federal Re lerve Ranks makes many wary >f buying securtt4es dependent jpon money rates. They claim that the low rates received on good bonds, savings, etc. are a great detriment to the situation." MY COMMENT For 40 year* I have been watching securlMes. Until the past year a surplus of money and low money rates have always been given as the baals of a ball market. Why the change? INFLATION IN COKING 7. "Although the stock mar ket can .never safely be forecast ed by charts, yet there |? some thing in studying the technical position of the market. These market technicians claim that their charts do not now look very good." MY COMMHNT: If these chart technicians could tell (Continued on Pace Eight)