INVASION
TRENDS
Babson Discusses Effect of
Invasion Upon Our Prin
cipal Markets
By Roger W. Babson
Babson Parle, Mass., June 16. ?
Readers of this column are al
ready asking me
wnat enect tne
Invasion will
have on the pri
ces ot stocks,
bonds, commod
ities and real es
tate. Frankly, it
Is too early to
tell what will
happen. The Al
lies appear hea
ded for Paris
and this city
may be captured
by the time this
BABHON
e?is iuio print, rue early fall
of Paris Is essential to the Allied
psychological phase. It may be
the signal for the underground
Continental army, estimated at
12,000,000, to begin action.
The Allies must also secure, al
most immediately, a number of
good ports. Undouttedly these
will bfe Le Havre and Cherbourn
_ and Brest. These three ports
have excellent facilities and were
used by the Americans in World
War I. Hence, our men are fa
miliar with them. After certain
beachheads are secured, it will
be necessary to spend many
weeks in getting supplies and men
ashore before the real Berlin
drive can be started. Of courg*,
the Germans may be willing to
easily give us Paris with the idea
of saving their strength for re
sisting Allied occupation of the
German Fatherland.
IS A BULLISH OB BEARISH
POSITION JUSTIFIED?
In my talks with experts since
the Invasion started, there seems
to be two lines of thought which
are quite different. Some feel
that early Allied successes will
bring about a "peace scare." This
would be especially bearish on
railroads, heavy industry and
other war stocks; yet some mar
ket analysts are taking the oppo
site position. They ere inclined
to be bullish on everything wheth
er the Allies are initially success
ful or meet with heavy reverses.
It may be that the pattern of
this great Invasion will follow
that set in the Italian Campaign.
There it took months to land suf
ficient supplies and men, but once
these were ashore progress has
been most rapid. There will nec
essarily be many trial and error
sorties in the Invasion plan. The
markets took the initial news in
their stride and in a optimistic
manner. Naturally, the actual
Invasion was discounted, but
there was no way for the stock
market to discount whether the
initial move would be successful
or not. Now, that we are over
the first hurdle, the market must
digest the first news, prepare it
self for unforseen contingencies
and await the success or failure
of the trial and error moves
mentioned above. It may be some
weeks before sufficient informa
tion is at hand to make any real
forecasts.
SUPPLY AND DEMAND CON
TINUE TO FUNCTION.
Without any qualifications, I
can safely impress upon my
readers at this time that prices
of stocks, bonds, commodities or
real estate will depend upon whe
ther there is an excess of sellers
or an excess of buyers. Irrespec
tive of theories, or irrespective
of precedents, and irrespective of
wars', jfanics, politics or adminis
tration controls, when there are
more buyers for stocks, bonds,
commodities and real estate than
there are more sellers than buy
ers prices go down.
There Is, of course, one other
factor in this situation, namely,
the position which results when
buyers and sellers are about
equal. In such a case, neither
Invasion nor any other factor
would materially affect prices.
Under this condition, however,
the tendency would be for certain
selected stocks to go forward.
Bonds would' remain about as
they are. Commodities would de
cline and productive real estate
COLONIAL
BUS LINES
Leave Daily for
Rocky Mount, Green
ville, Williamston
and east
8:15 a. m.
* #
11:05 a. m.
7:05 p. m.
Leave for
Raleigh, Durham,
Greensboro, Oxford,
Roxboro and Danville
8:00 a. m.
4:15 p. m.
would continue Its upward more.
Thb demand for residential real
estate, I should also expect to
continue' in volume. Personally,
(or the time being, I am not in
clined1 to see any great change
one way or the other, although Ij
continue extremely optimistic on
the long-pull outlook tor all ex
cept high-grade bonds.
DE SENATU
The following article was ta
ken from the editorial columns of
the Greensboro News, which ;
throws a bouquet to Senator
Lumpkin:
"Inspection of the list of pri
mary nominees released by the
state board of elections discloses
that word-of-mouth reports of
casualties ataong the supporters
of Dr. Ralph McDonald were
somewhat erroneous. W,. L.
Lumpkin, of Franklin, and Char
les G. Rose, of Cumberland, of
whom grapevine for a time got it
about that they were missing In
action, are present and account
ed for, says the board of elec
tions.
"The which, with no disparage
ment of their opponents, is about
as it should be. Both are well
enough known and respected to
make the grade easily in normal
times; their constituents would
be displaying more heat than
judgment to discard them for the
reason that they were backing
the wrong horse in the guberna
torial race.
"The legislature of North Caro
lina can do with a few no-men,
more especially when the dissen
ters are essentially liberal in
matters of state policy. We trust
that Messrs. Lumpkin and Rose
will enjoy themselves as senators,
and venture the prediction that
they will be easier for Governor
Cherry to get along with than
some of those who rooted most
loudly for him.
"By the way, speaking of state
senators, Guilford for the assem
bly of 1945 is offering something
decidedly different. George Pen
ny, veteran horseman and real
tor, if something comes to his
mind ? which is a pretty contin
uous affair with liim ? will be|
able to get and hold the attention
ot the chamber as few have
done within recent years.
"And we have always thought a
legislature could use a little ex
tra boss sense on occasion."
GETS AWARD
Cpl. Allen B. Clark, of Louis
burg. has been awarded the good
conduct ribbon as a soldier of the
U. 8. Array, He Is assigned with
Battery A, 158th F. A. on the
Angio Beachhead with the 5th
Array in Italy. Cpl. Clark has
been overseas thirteen months
and has served in the African,
Sicily and Italian campaign. The
ribbon was sent to his brother,
Tommie Clark, of Louisburg.
1>R. COBEY WILL PREACH
This being the Second Sunday
after Trinity in St. Matthias Epis
copal Mission, -services will be as
follows: 2:30 p. m. Church
School. 3:30 p. m. Sermon and
celebration of the Holy Commun
ion. He will bring us a beauti
ful Instructive gospel message.
Mary L. Hill will give us a re
port on the St. Augustine's Con
ference at 5:30 p. m. Business
meeting of the Woman's Auxil
iary. The Church is open at all
time for any who desire to come
in and pray for the soldiers.
We extend a cordial invitation
to all to attend any or all of
these meetings.
GERGE C. POLLARD,
Missionary.
WHY SUFFER FROM
ARTHRITIS?
You get quick and steady relief
by using DMC PRESCRIPTION
No. 49. A full home treatment is
guaranteed to show results. Users
of this amazing new medicine are
unstinting in their praise of its
efficiency. DMC No. 49 Is sold in
this vicinity by
BODDIE DRUG STORE
Louisburg, K. C.
Ask for DMC PRESCRIPTION
No. 49 by name!
ATTENTION FARMERS
We are now ready to receive the
New Wheat Crop.
r.j
WE WILL EXCHANGE YOUR WHEAT,
WE WILL STORE YOUR WHEAT, OR
WE WILL BUY YOUR WHEAT AT THE
MARKET PRICE.
" xi/
GIVE US A CHANCE TO HANDLE IT FOR
YOU, AND FOR SATISFACTORY BAKING,
TRY OUR ZEB VANCE, VANCO AND VAN
ITY FAIR FLOUR.
Vance Milling Company, Inc.
(Old Vanco Mills)
HENDERSON, N. C.
L. M. Bullock, Pres. W. J. Alston, V. P. & Treas.
1. OMtOM torn* Mill ill ??
ItmniniMK
3. MB M 0 M I
4.
5. NO "TUKCf"
6. wum uht
7. iovust cauMS
9A98
^/n ml
run
Kmm-Toif flg
ROUa-KOATEl SJV
Km- Ton* TRIMS
Aiboii 15c ?ral
flASTIC PATCH
Rapain cracks udfc.1
HONE FURNITURE COMPANY
* LOUISBURG, N. 0.
YOUR /$*&&& DEALER
* Jex*
THE LOW DOWN
* from
HICKORY GROVE
My essay today is Antiques. |
Antique means ancient, antiqua
ted, old-fashion
ed, so you see,
there is leeway.
You take It like
when you used
to clink a couplej
of 20-dollar gold|
pieces in your
jeans pocket ?
that is a sample
o f something
"ancient." But
pardner, clink
ing 2 pieces of
gold coin gave
you a nice and
safe feeling, but
Jo Serra
now they can slap you la jail for
doing so.
But to get ahead with my an-j
tlques, there Is the word "anti
quated." it means something
sorta out of vogue like maybe a
hoop-skirt, while "old fashioned"
is used for something that is old
but most likely nice, like where
in a family style dinner tjie soup
tureen was on the table and not
hid in the kltchcn.
I started my research to find
out why your sweet and charm
ing better-haif will dig up any
amount for a 100-year old bed
stead, while she won't pay 2 bits
for a 10-year old hat. All you
can get for the latter is a snicker,
but for the bedstead with real
worm holes made by a bona fide!
worm, you get 200 bucks.
But for my sign-off ? It will bej
a great day when antique gold'
returns? and it is not illegal toj
clink and jingle same.
Yours with the low down?"
JO SERRA.
****** *****
* FRANKLIN COUNTY FARM *
? AGKNT DKPT. ?
**???? ?????
Wheat, oats, barley and rye
seed to be planted during thej
Kail of 1944 should be savel lo-j
cally, announced W. C. Boyce.j
Franklin County Farm Agent.
Abundant seed of best known
varieties were planted for 1944
harvest in Franklin County, in
cluding liedhart, fcarala, Leap's
Prolific and Hardired Wheat;
Lee, Letoria, Lellna, Stanton and
Fulgrain oats; Tennessee 6, Sun
rise and Iredell Barley; and Ab
bruzzi Rye. Small grain observ
ed has produced yields far above
average. E. M. Mitthell, Youn
gsvllle, reports the harvest of
250 bushels of Iredell Barley on
6 acres in one field and 150 bush
els of Sunrise barley on a 4 acre
field. C. C. Murphy. Loulsburg,
R 2, advised he expected to bar
vest 90 bushels of wheat on 3
acre plot. H. B. Cooke reports a
harvest of 40 bushels of oats an
acre for his entire crop. Grain
from these fields and similar
fields on other farms should be
saved for seed instead of feed.
Boyce further advises that seed
must be thoroughly dry and
stored in a well ventilated1 gran
ery free from weevils in order to
obtain good germination. Weev
ils can be controlled with treat- 1
ment of carbon di-sulphide. Grain
can be dried by spreading on the|
floor if regularly stirred. To
bacco sticks stuck in-wise in
grain assists in airing and dry-j
!ng where grain is stored above
six inches deep in bins.
Seedings were observed in |
Franklin County this year that
wer? planted with unadapted seed
purchased from unknown sources
last year. Adapted seed were
unavailable and purchases ot this
type were prevalent. The result
from yield of unadapted seed has
been observed to be far lower
than obtained from local produc
ed adapted seed.
Rom where I sit ... 61/ Joe Marsk]
11 ? ? lit
r
The Secret Weapon.
In Dan Mason's Atflc \
Dan Mason was always what we
call a "string saver." Wheh he
unwraps a package he rolk up
the string-folds the paper-am
puts them both in his attlo m
safe-keeping.
"Never can tell wfcea thlngsH
come In handy," mji Das.
And you should see his attic!
Stacks of paper, balls of string,
empty bottles (Dan being a mod
erate man and stloklnx lust to
beer), old horseshoes? and good
ness knows what-alL'
We used to kid him a lot Bat
then 'comes the scrap drive, and
Dan seta a record for tfae i
and the paper he
And the flaasmakwa owe U? m
medal for the empty tXttlei h?
tuna in.
From where I sit, Dan's oom
MP on us all What'i more, he's
got us doing if too? ooUectlag
scrap, returning empty bottles
not because somebody maktt ua
do it, but beO&uM it's the Pmfr
cr^Ua Way of working toaetiwk
10 win the war.
^oe fttiXUt
O 1944, IUWIN6 l^ulfy (OUNpATIOhl, North CqrolfM Coaaltttt
Hgw R kin, iltM Oliwm; (OhV. Innnim IMi., liM|IC lii( >
(NOTE: In the Fifth War Loan of $16,000,000,000, a
quota of $6,000,000,000 has been set for individual in
vestors. This means that individual investors must
buy double the extra Bonds they bought in the Fourth
War Loan. So, whatever you plan to buy, double up!
... "Make It Two!")
? ><rr
When your son is. having trouble,
And his eyes are seeing double,
In the jungle or the rubble ?
It ~
e or the r?r
Make tt Tvo.
When your boy friend's feeling
lonesome,
Where each heart is on its own
some,
Why not do it wide and hand
some t ?
**v
roi ,
With the shells about him scream
ing,
And the bayonets agleaming,
And the wounded backward
streaming ?
Make It Two!
Take the contents of your pocket,
Take your future out and hock
Set the Axis up and sock it! ?
it T
B up ana ?
Make U TW
Make H T*0'
lib.
When your pal's a painter's study,
With his head unbowed and bloody.
He's depending on his buddy ? v
Make It Two!
When the fight is getting hotter,
And he's just a walking blotter,
It's apparent that you gotta ?
it T
Let the Bonds of your affection
Guard your dearest recollection
Shoot the works for his protec
tion! ? -
? Make It Two!
High above the blood and clamor,
From Berlin to Yokohama,
Here's the tag line of the drama
M '- It Twc
t that you !g line oi
Make It Two! Make It Two!
Make it Quick and Make it TWO!
"ooneration with the Treasury Dept.