Newspapers / The Franklin Times (Louisburg, … / Dec. 5, 1941, edition 1 / Page 2
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STOCKS AND TAXES 'ft Babson Shows Why Mar ket Does Hot Go Up I Bj ROGER W. KUKffiT) BUK>: Pirl Xu! I??< i ? Wii-. t :i* wr.i tit rock i I ? (tiiTiited that EVth ct the \ZFW-.7 1 f e ? witk rfc* ui ertiv. -- Pr? ?? taxes trt as aid u> tr drodesdi: fcf. i arotid tie **?* of jirv.-ei R?*4*rs < renesfeer *-iar abcit cse-iail of G?T?nB?n iaecEt cob? BABSO* frt? Ex'.-- 7 txt- ^ i - t - ' cat- ? iiif ;? ciu:i^i !.".c Co .-pc-' ratios aid Ptrs.:tai li'.is.* 7 C?s- ^ t> -? Ifg'tu wiijt fc.-2.er'.y a ? _srgt K.ytt of i*ve 10* ? irxsi .j. It j with Corpc ration 1 aid Pe.tesal Tin -.it: lirwon 1 4.** dirt?t:y monit EFFETI OF TAXES Many of cs w?re irosgit up to | 'tit tu/tk *r.;? *trt ; govtmtd oily by r?i or i<*i i corporation eftreisgs. Tiii is do*, j trw today. Iatertat:oaal compli- i !tti?U ?tk* ptT' t'-lOgy. * iS.4 | PBIXCIPXLI.Y TAXES art aow it tit pietart Excess profit! eat I u?n: to as ? act t? tO?; and | MUST bt (^spct?d BEFORE aor- | ? t a.i '.tie? of Jl~ art dtdacttd prof > o? ? a- t oorporatioai mij '.catitat h:fb iut tit trt?E is goxt Tit marktt can no longer lock forward tatrtly to earning! at ar :attt:Tt for iightr price* Tit * orst feature, however. of tit at* -.axt* it tbtir -ft it put ting oTtr social -tform?" aad ia tiding Ntw I to pat- a ball itd ciain oa tat.-'.iantt. itaaa factsrers. aad banktrs. For*triy. corporation could pi-t ap rt*tnts it good years to tWt titx atd tntir stockholders OTtr ltaa year* Today howsvwr stdtr tit aadirtributtd profits" tax of Section 202 of tit Rtvenue Act there u ao, "fat" !tft. fader tat prt*ttt fore lag system of so cial ULf? zaaay Sat "blot chip' ',/Xl>?s:? ia tit atxt dt pressioa ?atd on will tartly > will be obliged to go to the Govern n.ta*. for btlp. That's tx artfy what oar present- Govtrn tatat wants thtm to do Tfaea, ia exchange for continuing mana gtrtas jobi and providing >omt inttrest for bondholders. Govera memt may :a?itt apoa working control through "iking over tbt right* of stockholders PO?ITIO.\ <? STOCK HOLDERS Owners of commoa stocks pro Tidiag bigb rtturas aad rtlatirt saftty art now in a woadtrful po sition. This applies particularly to those ia tbt lower-lncomt brackets. From tbt point of vitw of collecting individual taxes tbt Government MUST allow corpora tion! to distribute sufficiently bigb tamingt to warrant tbt pay ment of generous dividends.. Htact. I fttl that while tbtre will be a lot mort .talk about raising corporation taxes that these cor porations will be allowed to raise prices proportionately. This is why Secretary Morgeathau's proposal to limit tbe profit of corporations to only did not receive aay support even ia New Deal circlet. Stockholders Should not be too concerned abou- increased person al taxe?. In many instances these can be passed on. This Is true ia tbe ownerthip of rentable prop ertx. where bigber taxes can be 0T?n?0mt by raising rents. In vestors are also rtwlixiag tbat currently high yields for stocks are solving ;<itir tax problems. Whereas five years ago aa invest ment of SlO.OO'f might yield or today the investor may find his taxes increased by >300 to t$04. Hence, be looks arouad for, and insists upoa. yields of fx to 10<; for any new inrest ment. Switching of old invest ments may also have tbe desired results. That, a wide-awake > stockholder can have sufficient income to meet his increased tax bill and money left over for his customary spending needs. This very fact, however, keeps down the market prices of these stocks. WHAT ABOIT HO.XD A\D PREFERRED STOC K HOLDERS? Owners of bonds and preferr ed stocks are confronted with low yields, high prices, and fixed in comes. If this group continues to bang on to these they will be nnable to meet their increas?d taxes unless t-bey drastically cut their personal expenditures. If and when they get wise to tbe high yields obuinabie in com mon stocks and start switching. ? a slump should certalaly result in prices for many bonds and preferred itocks. This possibility Is now banging over tbe market aad exerting a bearish influence IL^Z' COLDS 666 Llqrtd Salve Hom Prof O-gfc Drof.1 r Huge Ford Bomber Plant in Michigan Takes Form THIS AERIAL PHOTO ?W-s tW kut UT.OMOM Umber pUal :W Ford M ?? C? |??t t? b?ildim* at ITILcv Rsa. Kir fpeiluii. M>ek. In tW ftrtfunid is the Bc&rtr ccmp!tt?d Kima/artariaf kc tM*. wkich forms the W?rr part of tfce "L" sniped pUsx. OaJj half of tke itutl Irartk of lit mwlil.i WHi?t it ia tke (km i ord mill f,raia et gi*at fcar-e?cia? C?ni!ifal?i B-M r? IB ibt WIBow Eca pU.nl. CouinctiM w?rk k?? Wtun4 w raptdly a uxJ nw alr?*i.T ? ia pr?iwr :om ia tto k? rtractare. ut?r.g with i*X selling and 0. P. restrict iona. * Every investor should. of urs* hart some tudi invest ?i & certain bouds Milt of tc.e*e as I'-iU be bought on a discount >uif with remltaax high yields. *~hen switching or diking new S>oi.d commitments buy on:* fin: _l . Personally. I am not , :s'*r? Hed in high-priced. low r-r.d As & rule. I have k.K< steered clear of preferred Flocks. They are a hybrid in restoent. -Now is the time to forget high-priced bonds and pre ferred! in faror of good common r.ockf Tie reasons are clearly >brjous to erery thinking invei :or. Incidentally. when buying common ?? ki select those com pame* which bare no funded debt or cumulative preferred! out ? tending. ?>xmsio.\ I an bullish on selected stocks mr the long poll. It ~*Jb he, however, that there will 3? no boom in stock prices until taxes come down or dividends increase ?till more. Bat whichever of these two factors prevails. stock holders In many companies should continue to sit pretty My guess is 'hat we are beaded for eTen higher taxes but with the main tenance of present, gr even high er. dividend rates with creeping better prices for most common stocks. Stockholders should hare courage and remember when in vesting new money that good high-yielding stocks are a hedge against high personal taxes. Louisburg College News The honor roll for.the Srst half semester 6f :te college year was ?*.?-?sed last w**k. Sarah Davis, of Louisburg. last year's number One student again led the list. The others on the list, in the or de"r Of standing are: Gene Thomp son. Franklinton: Martha Attn Strowd. Louisburg: Virginia Spi vey. Louisburg; Lilly Hancock. Richmond Va : Juanlta Cannon. Bolivia: Roy H Bailey. Fayette ville: Edward F. Smith. Fayette Hiley Kow?. Aberdeen: Ira L Helms. Jr.. Scotland Neck: Christine Shearin. Enfield: and 'oostance Rhodes Fayetteville. t The officers for the freshman class, recently elected at the col lege are M*lvln Smiley. Macon, president; Clarke Stoke*. Hen ford. vict>-president; Sallie Weav er Sanford. secretary; and Billy Andrews. Louisburg. treasurer. , Greene County farmers using inexpensive lamp brooders have found them both satisfactory and economical to operate, reports J. W. Grant, assistant farm agent. - MANN CALLS FOR 01 MORE FARM INCOME I a: Columbts. Ohio. Not. 28 ? M. G. Mani. of Raleigt. N. C.. gener il manager t >i North Carolina's -1 '.?o largest farm co-oper4tiv?s. * ?cid rrx..-^ than 5. ? delegates at lie tw*E'x->tird anS::al conven- ^ tion of the Ohio Fa ra Bureau ;: Federation here this afternoon " that- 'somethi ng must be done to raise the standard of living in *1 rural America to a point higher ' than can be achieved on an an nua! per capita income of J1S3." Mind tcu." he said, '?this Sg ure is a3*6Terage for all of our [ farm people We find that one half of the farm people are get ting i'j per cent of tie total agri- j,, cultural income, leaving a bare r< 15 i^-r for the other half. " Mr. Mann. who is general man- . ager of *he North Carolina Cotton Growers Cooperative Exchange and the Fa.-r.^rs Cooperative Ex- ? change, pointed ou: that the Sooth where one-half of the farm population lives, receive* only one-third of the national farm income. Taking government figures state by State, he drew a parallel from the fact '.feat farm income rise? or falls in proportion to the degree of co-operation with which farmers work together. 'The rea son for a per capita income of S&23 in California. J?5T in Iowa and 1524 in Illinois is because thai for nearly 3?>v years farmers in those sta".? have been co-op erating one with another."' Mr. Mann said, 'and the only way Alabama can iacrease i's ggr cap ita gri?s IMM from tli.1. Georgia from 1150. South Caroli na from 1154. Mississippi from 1155 and North Caroi:na from ? IT* is through the united efforts of the farmers themselves." Mr. Mann added that '<be reason agriculture today stands in such, a deplorable condition that tfce M per <-ent of the' people on the farms get less than 10 per cent of tile national income and per cent of the nation's farm; carry an average mortgage of 12 457 is because we have failed to devel You should know spicy, herbal A TOP-SELLING LAXATIVE ALL OVER THE SOUTH FOR A HAPPY CHRISTMAS AIR STI^ jolem: or PEARL SHOES All Suede and Suede Combination REDUCED Regular $6.00 Si.98 Value, Now .1... ? Regular -5.00 $0.98 Value, Now V. . Regular $3.49 /*T $^.87 Value, Now * THE FASHION SHOPPE "A Smart Shop for Smart Women" Wert to 8cotx*a's Dnf More LOUI8BURO, N. C. DO YOCR CHRISTMAS SHOPPING SOW C?E OCR LAV A-WAI FLAX. \ p> it agTKTilmr*: ;?ader?hip that ?? strong enosgi to go Oct and ,*e: *.?>e leade.-siip c! iaficnrr Ld labor and Csbt for the Tights r :htr Uratr." Mr. Mann ?ls-o e- piif iifrd tie nportance of fa -3 organiiatiou orkitsg together Tie Farmers o-operatire Ei: Lange if spon jrisg the Fare Bcr^a-a if tr-i.' .50 ranee tStrTic* in North Caro rimely Farm Questions *> Answered at State College QrESTION: What t>T* of romW i? btM for North ( anliia >ndjtk?n?? ANSWER: Brooders haTe been trised to met: ail situations ?om where only 4 > to 50 are T brooded witt a laap brooder to where but hnndred are broc-ded with * ho: Mv systetn. "The tonrce of heat my be wood. co*l kerosene. fnel oil. or electrici^. Tie type of brooder to select will depend upon the koioit pf op eration iTailability of fuel. and ?.he cost of fael. Practically *11 type* of brooders hare been test ed and fcnnd satisfactory for North Carolina conditions. Copies ?( Extension Circolar No. ?51. Chick Raising." riay be ob'.Alc ed free by writing to the Agricul tural Editor. State College. Ral eigh. * QTESTKMC WH?l fc. the b*-a nmu of prvt^iias ;oug or < tun] trre> ipU<t damage by rabbit*? ANSWER: Protection can be riven by wrapping the tmnk of each tree with newspapers or bailding paper. A repellent wast nay be used which consist* of PENDER L Qua/ctcj ei For Extra Quality, More Savings Buy Southern Manor Fine Foods MJlTHERN MANOR Fruit Cocktail, 2 No. 1 cans . . . 27c SOCTHERN MANOR Whole Beets, No. 2 can 11c SOCTHERN MANOR KAMA Sweet Peas, 2 No. 2 cans 25c SOCTHERN MANOR SLiCED or t RI SKED Pineapple, 2 No. 2 cans 31c son HERN MANOR Tomato Catsup, 2 - 14 oz. bot. . 25c SOCTHERN MANOR WHOLE KERNEL 2 No. 2 Caa I Golden Bantam Corn, . v 23c MOR\ IXiiSIDE ( hotnUlr CorfTrd CHERRIES Lb. Box 19? SANTA CLARA Olio Wrapped PRUNES 21b. 1Cc31b. 7|c Pk g. I" Pkg. FRUIT CAKE INGREDIENTS CRYSTALIZED CHERRIES, Vic CRYSTALIZED PINEAPPLE, lb CITRON, pound. ...t? 47c SEEDLESS RAISINS. CURRANTS, box . 9c PITTED DATES, * lb. Pk g ,.T* . 15c DOCBLE FBBtH GoMra Blend COFFEE 7 l-lb. tt)c L pkgs.U/ % . TKIPI.E FRESH Samtwkk BREAD 2 Loaves 18? ' HIGH MARK FLOUR 241bs. . ..79c - 48 lbs. . . . $1.57 GREEN CABBAGE, 3 pounds 10c FANCY GRAPE FRUIT, 4 for 17c LARGE COCOANUTS, each ... ... 7c Fresh Lean Pork Chops, lb. . . 30c Prime Rib Stew Beef, lb 15c Western Steak^ lb 33c FISH and OYSTERS 1 ~ s-gna! piru of comrr.tr' h>) con cen - Lr*:?l :<sie aulpinr, either Jl'j ul'l 5r powdered. and water. Then wa*i. should be applied with k brajh The *aah can he made = :r? eSetiiTe if fiih oil 1* added QCESTIOV : Ho <l?ir> cow* pro~. ridf ipntubli- "Ideline? ANSWER: Fred M Halg. pro .' ester of dairying ta ys North rarcliia U still lagging behind cc-re jirogre&five Btates iri the us? ber of dairy cat<le. Nearly cr?-*.iird of the State'is farrrifc do rot own a iiLgle dairy cow. thin being especially true of tobacco arid n, I tun far tun Thou*and? of thene farm*, f'rofe**or Haljr be llevcx, could grow iiufflclent feed for five to ten cow* without inter fcrrlnK with the production of regular ca*h crops. Tbl* would provide a profitable source of ex T7iTffcnh fur t Iimwi; Mum and heip ? tii" food-for-freedom campaign ia addition. The October volume of general nierchandine Haled In nrnall towns and rural area* wan larger tbari for any prevlou* month* on re cord, except December of last year. - ' ' ' Mo re than 400 companies (II over America, art helpinf General EJertiiC i peed defense work by supplying parts that G.E. would sake rtaelf in normal timet. '? |# Two of these ?ubcontracting firms ordinarily manufacture fith icj tackle. Another normally makes watches, and still another makes carpets. 2. For making scarcnngnis aione, subcontractor! from five state* prepare parti. About 75 com panies contribute to building a ?team turbine. r 3. Mere than 150 different firms supply parts in a steady, scheduled stream for radio transmitting and receiving equipment for the armed forces. 4. Thus dozens of cities and small towns throughout America are becoming partners with G.E. in helping speed the national defense program. General Electric believes that it* first duty as a food citizen is to be a good soldier. Ceil era/ Electric Company , Schenectady, TV. Y. GENERAL ffi ELECTRIC JUST ARRIVED!! Truck Load of BICYCLES PRICED AS LOW ?$24-95 These Bicycles were Ixuiicht la*t summer at the old low prices. Cooking Ranges, Stoves and Heaters Tin Heaters . . $1.25 up Heater Mats 50c Shovels, Polishes, Pokers, etc. I COMPLETE LINE OF I Electrical and Plumbing Supplies I I PAINT NOW!! READY MIXED PAINT $1 .49 Gal. Up ? H FURNITURE VALUES! [| 3 Pc. LIVING ROOM S-1C.00 up SUITES w 3 Pc. BED ?M SUITES room $4449 9 x 12 LINOLIEUM $*1.69 - RUGS V up BABY CRIBS $0.50 WITH PADS . : . . . v 0 up ALADDIN OIL $C.45 LAMPS W up a C. TAYLOR Hardware & Phona 423-1 Furniture Loalsburg, N. 0.
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 5, 1941, edition 1
2
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