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!") ? >