Newspapers / The Franklin Times (Louisburg, … / April 14, 1944, edition 1 / Page 3
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POSTWAR EMPLOYMENT OPPORTUNITIES Babson Prefers Merchandising Enterprises t By Roger W. Babson Babson Park, Mass., April 14. ? Many letters come to me from ir.en In the service and frojn their families asking as to what lines of business should offer the best opportunities after the War. Per sonally, I prefer the Merchandis ing Oroup, which includes every thing from the small retailer who lives over his store and employs nnlv Ilia fomilv to the great dis tributing c o n cerus such as Sears, Roebuck and Montgomery Ward. It is im possible for any one to make a profit on infla tion, but good merchandls e r s should suffer least from infla* tion as their stocks of goods BABSON die cuuBtuuujr uei;umiii? uiuib valuable. Merchandisers can us ually pass along taxes and quick ly adjust themselves to changing conditions. HOW TO SELECT AN EMPLOYER It takes a little capital and pa tience to operate a retail store t or one's self. Furthermore, it takes time and patience to work up to a good executive position in a chain store organization or even in a department store. Hence, most men wind up by getting connected with some spec ial industry or manufacturing concern. The question is as to which industry has the greater opportunities and which pays the largest salaries and highest wag es. Following will be found a list of the leading American In dustries. These industries, I have group ed and, in fact, arranged in an order according to their rates of return on their total investment, before interest and Income taxes. My theory is that the best oppor tunities lie with the companies that are making the most profits. (These are those included in Group 4, which showed prewar earnings are from 15% to 25%.) I have divided these seventy-two industries into four groups of employers as follows: GROUP NO. 1 ? LOW PROFITS The first group includes 8 in dustries. During the last prewar year these earned only from 3% to 6% on their capital Investment. These 8 follow: RAILROAD EQUIPMENT FERTILIZER PRODUCTS TIMBER AND LUMBER PRODUCTS COKE OVEN PRODUCTS CANE SUGAR SILK PRODUCTS TEXTILE AND SEWING MACHINERY STEEL AND ROLLING MILL WORKS. GROUP NO. a ? SMALL PROFITS The second group contains 28 industries. The last prewar year for these industries showed a profit on the investment (before interest and Income taxes) of 6% in the case of CLAY PRODUCTS up to 10% in the case of KNIT GOODS. The entire list of Group 2 follows: CLAY PRODUCTS AGRICULTURE MACHINERY AND TRACTORS PETROLEUM PRODUCING AND REFINING COTTON TEXTILES BOLT, NUT, RIVET AND SCREW PRODUCTS PAPER AND PULP MATCHES . TEXTILE DYEING AND FINISHING HAT AND CAP , STEEL CASTINGS COPPER TANNED, CURRIED AND FINISHED LEATHER HEATING AND COOKING APPARATUS CEMENT FLOUR MILLING MALLEABLE IRON CAST INGS FURNITURE PLUMBERS SUPPLIES BREAD AND BAKERY PRO DUCTS BOOK AND MAGAZINE PUBLISHING BEET SUGAR RAYON AND ALLIED PRO DUCTS HEAVY MACHINERY SAW, FILE AND HAND TOOLS LEATHER, BOOTS AND SHOES PAINT AND VARNISH RUBBER PRODUCTS KNIT GOODS , GROUP NO. 3 ? FAIR PROFITS j The third group contains 18 industries starting with SILVER AND PLATED WARE, earning 10% on the invested capital, and running up to CORN PRODUCTS, earning 15% on the investment, during the last prewar year, be fore deducting interest and in come taxes. This .Is a very good list and includes some of the most satisfactory industries for the long pull, although I don't advise anybody into DISTILLED LIQUOR. It will be noted that this Group 3 inclules REFRIG ERATOR EQUIPMENT, GYP SUM and ASBESTOS PRODUCTS, BUSINESS MACHINES and CLOTHING, all of which are ?rowing and profitable indus tries. SILVER AND PLATED WARE PUMP, PUMPING AND AIR COMPRESSORS HARDWARE WOOLEN AND WORSTED GOODS REFRIGERATOR AND AIR CONDITIONING UNITS LEAD AND ZINC GYPSUM, ASBESTOS PRO DUCTS AND ROOF COAT INGS FIREARMS AND AMMUNI TION UTILITY INDUSTRY BISCUITS AND CRACKERS ENGINE TURBINES, WATER WHEELS AND WINDMILLS BUSINESS MACHINES AND TYPEWRITERS DISTILLED LIQUORS TIN CANS AND TINWARE ELECTRICAL MACHINERY AND APPARATUS MEN'S, YOUTHS', AND BOYS' CLOTHING CRANES, DREDGING, EX CAVATING AND ROAD BUILDING CORN PRODUCTS GROUP NO. 4 ? GOOD PROFITS The fourth group ' contains 18 industries which were the most profitable of all during the few months before the War. They earned from 16% to 25% on the capital invested. The RADIO AND PHONOGRAPH group show ed a profit of 15%, and this pro fit increased in the following or der up to the including DRUG AND MEDICINE GROUP, which showed 25%. (I might add that there were- also two other indus tries not included' in the above, ? SOLID STERLING SILVER TOPS r o? m/s 3fcuir^,Prni SHAKER On* Set to a Customer R A Y N 0 B ' S Radio and Jewelry Shop "We Sell the Best and Service the Beat" L/OUI8BURG, N. 0. U. S. Si anal Corp* photograph. YOUR TREES ARE GOING TO WAR Rifles being packed for shipment to the fighting front. Wooden gunstocks and wooden crates for shipment. Uncle Sam needs more wood for these purposes. Mr. Farmer ? have you any lum ber that you can harvest ? NOW? Produce more lumber. the AIRCRAFT INDUSTRY, ] which showed a profit of 35% i ind the SOFT DRINK INDUS- 1 rRY, which showed a profit of 15%.) RADIOS AND PHONOGRAPHS GLASS AND GLASSWARE MEN'S AND BOYS' COTTON, LEATHER AND MISC. GARMENTS 1 AUTOMOBILE PARTS) AND ACCESSORIES WOOL CARPETS AND RUGS CHEMICALS MACHINE TOOL ACCESSOR IES AND PRECISION TOOLS CANNED FRUITS ASD VEGETABLES PERFUME AND COSMETICS MOTOR VEHICLES AND ACCESSORIES CIGARETTE ANQ TOBACCO PRODUCTS GENERAL PREPARATIONS SOAP, COTTONSEED PRO DUCTS AND COOKING FATS FOOD SPECIALTIES SHIPBUILDING CONFECTIONERY MALT AND BEVERAGE BREWING DRUGS AND MEDICINES STUDY THE MANAGEMENT Too many young men and wo men take the first Job which comes along. This will especial ly be true after the War. To avoid being a rolling stone, it is wise to take a little time in se lectins the industry which you | ire willing to master and espec- , lally the concer.n with which you wish to stay for life. The mon ey which the industry is making is not the only concern.' Look up the character of the men for whom you are considering work ing. Do they attend some church? Are they interested in civic affairs? Have they a repu tation for fair dealing. and good treatment of their employees? But in selecting an industry, consider also your own qualifica tions. Are you mechanical or not? Do you get on well with other people? Are you slow but accurate; or are you rapid but a little careless? Are you good at figures? Do you prefer to work in an ofTice or pound the pavements and ring door bells at selling? What about YOUR character? The industry should be chosen which fits into your temperament. Don't necessarily select an industry from Group 3 or 4. None of these may be suited to your training, physique or temperament. ifAVP O 666 666 TABLETS. SAIVE. NOSE DROPS LET US SHOW YOU THE EASY WAY? M A KE YOU R KIT C H EN modern/ NAIRN You can make your drab old kitchen sing ? when you start with a bright, new, easy-to-clean NAIRN TREADLITE floor. And tnen ? add colorful beauty and unequaled service with counter tops, sink tops and walls of NAIRN Color Correlated linoleum. .Let's show you how easily, quickly and economically this can be done. NEW BEAUTY LONGER WEAR EXP*iRT INSTALLATION GUARANTEED SATISFACTION ss FINEST ?itJLAlD I INOLE\j/ft" ON BUILT-IN FELT BACKING AS LOW AS $2-25 SQ. YD. LAID) HONE FURNITURE COMPANY LOUISBURG, N. C. " LEGGETT'S SPLENDID CHANCE TO SAVE DOLLARS ON A GOOD SPRING COAT Our regular stock Boy Coats, Chesterfield, Reefers, Dressrtiakers, all priced to clear. First on the fashion-value front. We stage our famous After-Easter Coat Event. Find that Spring Coat you need here at Big Savings. Black, Navy, assorted colors, all from regular stock. COATS Orignal Price Sale Price $29.95 - - $23.95 27.50 24.50 16.50 14.95 12.95 10.95 21.95 19.60 13.20 11.95 10.36 8.75 SUITS Orignal Price $24.95 22.50 19.95 18.50 16.50 Sale Price $19.95 18.00 15.95 14.80 13.20 One Rack of Ladies' Dresses 20 Per Cent Off. 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The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 14, 1944, edition 1
3
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