Newspapers / The Transylvania Times (Brevard, … / Jan. 2, 1964, edition 1 / Page 9
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Transylvania Times State And National Prize-Winning A.B.C. Newspaper Vol. 75—No. l Brevard, N. C., Thurs.Tjan 2, 1964 SECTION TWO ■■■ ■ .m i.wJiflgg^gg i&im: rjggggsg»a«mw^ 'Mi-yMmsw ssw** ZjffiSRViWMWlW. Roger Babson Predicts New Year To Be Better, Sees Progt ess Under Leadership Of New President I am still emotionally upset as I make this forecast after the brutal assassination of president Kennedy. I, howev er, will try to submerge my emotion and base this forecast cf 1964 on the facts as 1 inter pret them. 1. Our New President—I state emphatically that President Johnson may accomplish far more constructively before No vember 1964 than our late Pres ident would have been able to do. President Johnson under stands better how to handle Con gress, and has the confidence of businessmen. Therefore, I am reassured as to the first ten months of 1964. 2. Election in November—At the Republican Convention in the summer of 1964, there will be a conflict between Goldwa ter and Rockefeller, and per haps others. For this reason, Mr. Nixon may slip in and get the Republican nomination. Certainly President Johnson will secure the nomination of ^the Democratic Party; he is a farsighted man, and knows pol itics. Therefore, with the Re publicans nominating any one ^of the three leading names 'mentioned above, I now fore cast that President Johnson will i be elected President of the United States in Novem ber 1964. All of this gives me more assurance that 1964 should be a good year. 3. Tax Cut—A lax cut will be When you think of prescrip tions. think of VARNER’S, adv. enacted sometime during the coming session of Congress; am it will surely be made retroa< tive to January 1, 1964. The ta: cut should help consumer but ing; it may even increase gen oral business. 4. Civil Rights—Some sort of a civil-rights bill will be passed by Congress during 1S64. The Administration wants to please the South and hold its Democratic votes there, but the civil-rights bill now before Congress is not satisfactory to the white peo ple of the North. Therefore, I forecast tliat whatever civil rights bill is passed before the election of 1964 will be con siderably watered down. 5. Negro People—The Negroes will continue to make progress anil get more, but I predict that the gains will have to come largely through changing atti tudes of the people. Otherwise, the situation will be much like the prohibition problem which the good people of the nation thought could be solved by legis lation. Such reforms take place only as the minds and hearts of the people are changed for the better. 6. Government Spending—Of course, in the long run, the survival of a nation should de pend upon its spending less than it takes in. Nowadays, however, it is unfashionable— for consumers or government —to have balanced budgets. Therefore, I predict that 1964 will see a bigger deficit than this year’s. For The Best Car, Home, Business | INSURANCE r Y0UR/ (Insurance BREVARD INSURANCE AGENCY GIL COAN 20 E. JORDAN ST. PHONE 883-3121 ROGER BABSON 7. Depression—Whether for better or for worse, the voters have been taught to believe they can and should get something for nothing, and only a severe depression could ultimately change this belief. I, however, look for no depression in 1964. 8. Agricultural Outlook—Al though crops, prices, and farm income may be basically de pendent on the weather, much of the world is short of food. Russia’s and China’s heavy purchases of grains will do mere to bolster U.S. farm in come than will government supported prices in 1964. 9. Dow - Jones Industrials—I forecast that the stock market as measured by the Dow-Jones Average will make a new high in 1984, but may sell lower after the elections. However, readers must remember that the Dow Jones Industrial list, which ev eryone seemms to think repre-' sents the market, may be very deceptive. Speculative Slocks—Of the approximately 1550 storks list ed. on the New York Stock Exchange, a majority have been going down while the Dew-Jones list of 30 which everyone watches have been going up. This is due to the purchase of Dow-Jones issues today largely by trustees, pen sion funds, mutual companies, and others that prefer fairly conservative and dividend-pay ing companies. I forecast that stocks not in the Dow-Jones list will do better proportion ately in 1964 than they did this year. 11. Switching—Based on my above forecast, and having learn ed that only buying can send stocks up, I predict that 1964 •nay prove to be a good year to switch from some of the over crowded Dow-Jones stocks into jther issues that are now over looked. 12. Government Bonds—The only government bonds that interest me arc the long-term ones which may now be pur chased at a discount to use in payment at par for death taxes. I forecast that more gov ernments will he 'ss"»d ''"r ing 1964 and that their prices may gradually sag as money becomes tighter. 13. Corporation Bonds—Those buying corporate bonds should either stick io issues of under five years’ maturity or keep their money in the savings bank. 1 predict that long-term corpora tion bonds will drop in price in 1964 as interest rates rise. 14. Tax - Exempt Bonds— Likewise, I predict that long term tax-exempt bonds will de cline next year. They are even more overpriced than corpora tion bonds, because of heavy bank buying during the past two years. 1 do not look for this to be repeated in 1964. Therefore, I would certainly confine buying of tax-exempts to short maturities; and I would avoid revenue bonds. 15. Interest Bates—I forecast •hat interest rates will continue at least as high as today, and v/ill possibly rise through 1964 in order to keep gold here in this country and uphold the val ue of the dollar. 16. Devaluation of Gold—1 foreaH that there will be no devaluation of gold during 1964.1 am personally acquaint ed with conditions in Africa, and will say that those who wish to speculate in gold mines should consider Amer ican-South African Investment Co. Ltd. Readers should re member, however, that gold mining stocks will go down as well as up, in accordance with many different conditions. 17. Profits—I forecast that corporate profits will continue to rise in 1964, though possibly at a somewhat slower pace than recently. 18. Copper Prices—Commod ity prices are dependent on two factors: Demand and sup ply. Take copper: I believe demand will continue to in crease during the electrical era we are now in. And, since my visit to Africa, I feel the supply of copper is almost un CO-ED Thurs., Jan. 2 At 7:00 & 8:47 Fri. & Sat. At 3:15, 7:00 & 8:47 Stars Shine In "Palm Springs" 3 ALL THE ‘SWINGERS’ ARE HERE! aiw swiwcsWflensNa nitmuK mhsieibb nun mkhhb mot rimiii..nawinijtmiiim! TECHNICOLOR* Prom WARNER BROS. Starts Wed., Jan. 8 at CO - ED In Color JERRY LEWIS in v “Who’s Minding The Store?” CO-ED Sun., Jan. 5 At 2s:00 & 8:00 Mon., Jan. 6 At 3:15, 7:00 & 8:48 Tues., Jan. 7 At 7:00 & 8:48 SHELLEY WINTERS1 MARTHA HYER ^ You^can’t tell wthe wives @ Livers apart without a scorecard I! ** .HALWALUS,.— 1 BREVARD DRIVE - IN THEATRE Fri. - Sat. - Sun., Jan. 3 - 5, At 7:00 & 9:00 HE USED LOVE LIKE MOSTMEN USE MONEY Metro-Gotctwyn-Mayer Mil NEWMAN GERALDINE RAGE evTENN! itg^gnutfutfr^ Provocative Adult Entartainmant! A* 4 limited. Hence 1 forecast lit tle change in price on balance in 19(i4. 10. Other Ba^ic Raw Material; —With seme few exceptions, the above applies generally to many of the basic raw materials, in eluding iron and steel, and espe cially aluminum. The present firming in quotations will not carry much further and could be subject to setbacks later in the year. 23. Sugar—Sugar prices, however, will hold in a gener ally high range all through ir»«4. 21. Building-Suburbia—I fore cast that new building will con tinue around present levels through 1934, with additional growth in "suburbia'’. This ap plies to single homes and tr apartment houses, which could easily be overbuilt as the hotels and motels have been. 22. Public Construction— Otherwise, strength in building will occur mainly in the pub lic sector — especially road building. 23. Real Estate—I predict that farms on the "right side” of cit ies will constantly increase in value during 1964. I say “right side” because every city seems to have some one best direction in which to grow. This usually is toward the higher land and often to the west; but this is something subdivision develop ers must watch very closely. 24. Kural Areas—As I have said before, the way to buy real estate profitably is to drive out the main road away from the city in wliich you live, on the “right" side. Ev ery few miles, stop and inquire the price of land; so long as it is quoted by the foot, get back in your car and drive until it is quoted by the acre; Every thing else being equal, 1 fore cast that the purchase of this land in 1964 will show you a profit over the long term. 25. Florida Property—There is still a lot of land in Florida, and there are many retired people who are hoping to move there. I forecast that your best Flor ida buy in 1964 will be water iron t property. God made only so much waterfront land; but there is an enormous amount of interior land which for many —Turn to Page Three ADMINISTRATRIX NOTICE State of North Carolina County of Transylvania Having qualified as the Ad ministratrix of the Estate of Claude Alexander Jones, de seased, late of the county of Transylvania, North Carolina, ihis is to give notice that all persons having claims against the estate of the deceased to present them to the undersigned Administratrix at Box 60, Ce dar Mountain, N. C., on or before the 19th day of June 1964 or this notice will be pleaded in bar of their recovery. All per sons indebted to the said es tate will please make immedi ate settlement. This the 11th day of Decem ber, 1963. BONNIE BATSON JONES. Administratrix, Estate of Claude Alexander Jones, deceased. 12-19-4tc . Brevard's M plumber' THE NEW ROGERS MEAT PRO CESSING PLANT is a busy place these days. The owners, Mr. and Mrs. Tom Rogers, are pleased with public response, and Tom Lankford is pictured above cutting and trim mintf meats of various kinds. Located three miles from Brevard on the Ros man highway, the modern plant has facilities for chilling, cutting, wrap ping and quick freezing of meats. (Times Staff Photo) (!3e$ t lAJfal eA We enter the New Year with a resolve to do our part to keep our community striding ahead... with the wish that you may make great strides to greater ’ success and happiness... and with warm appreciation for the privilege of knowing and serving you. UBLIC P COMPANY 346 S> Broad St. Brevard, N. C. 883-3794 I .
The Transylvania Times (Brevard, N.C.)
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Jan. 2, 1964, edition 1
9
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