Newspapers / Henderson Daily Dispatch (Henderson, … / Feb. 14, 1936, edition 1 / Page 2
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PAGE TWO Henderson Seeks Berth In Bi-State Vacated By Reidsville Recently w Uocal Fan Puts Up Money to Bring Franchise to Hen derson Next Season Henderson’s chances for organized baseball this summer budded during the last days on 1935, passed away on a chill reception from the Bi-State loop, only to come into full bloom again today when Ed Powell received word from Bi-State League officials that Reidsville had turned in its fran chise to the circuit, leaving a vae w „t berth. Ed Powell stated today that he had n n C SA t VI UUy COLDS Liquid-Tablets Salve-Nose Price Drops sc, 10c, 25c Don't Bother About The Laundry We have a service so perfect for your needs, a single trial will prove to you it's foolish not to en joy this pleasure without even a thought as to whether the laundry will be done right or be home on time. Why worry about washing when that’s our business and we are the ones to do the worrying. Henderson Steam LAUNDRY Phone 508 BIG Ml REDUCTION BUT STILL IDO PROOF OLD POLK IS OUTSTANDING VALUE IN HEARTIEST STRAIGHT KENTUCKY WHISKY gfWM ~~ 1 Get more whisky for your if ill hv * Simoney! Enjoy the extra whisky- P MM richness in famous Old Polk— jpEl \ in spite of a big price reduc- M I m, tion still top-strength, still full .V» «• .1« erf J /.» Months What’s more, Old Polk is genuine V straight Kentucky whisky made from I 100 100 I ? 65-year-old formula. Every drop 1 I PROOF m proof! 1S a S e d naturally a minimum of 15 1 months in wood. Lower priced, older, IHH stiU 100-proof—enjoy Old Polk today. iiiiil'l'irS!!!/brown-forman Distillery COMPANY : : At Louisville in Kentucky been assured of the money for the franchise, SSOO, by a local fan, and that he and that fan would attend a meeting of that Class D league tomor row night in Martinsville, Va., at which time the loop will vote on whether or not to let Henderson come into the fold. Powell I s Peen working on land ing an organized league berth for Henderson since the close of last year’s season when he piloted a semi pro team during the summer months. The salary limit for Class D leagues is SI,OOO per month for the entire club, and Powell feels that Henderson attendance would easily offer more than that, and a little cooperation on the part of the citizens, Henderson could have plenty of fast baseball dur ing the summer as well as being well advertised throughout the league. The circuit is composed of eight teams in North Carolina and Virginia, Danville, Martinsville, Fielddale, Bas sett, in Virginia; Mt. Airy, Mayodan, Leaksville-Spray and Henderson, if accepted, in North Carolina. After the session in Martinsville to morrow night, Powell expects to call a mass meeting of fans here probably HENDEKSOH. (H. CJ USE? DISPATCH, FRIDAY, FEBRUARY 14, 1936. next week and explain to them the details and the expense of forming such a league here. He pointed out that League Park is in very good condition, and little would be required to put it in tip top shape. He feels that there is plenty of baseball talent in this section to al most form a winning aggregation, and that it would not be necessary to en roll iball players from the four corners of the earth to have such a fine club here. Pending Powell’s return from the meeting in Martinsville, things will be more or less at standstill, but it was certain that Henderson had the in side track on the berth vacated by Reidsville. HENDERSOfTMS^ Roanoke Rapids Winner, 16-11; Roys Didn’t Come; Play Aycock Tonight Henderson High school’s girl’s bas ketball team returned to their court schedule last night on the High Price court and dropped their game to Roa noke Rapids team, 16-11. . Roanoke Rapids boys did not show up for the scheduled doubleheader. Team work was lacking, due to an enforced layoff on account of severe weather, on the Henderson team. Misses Moseley and Wilson account ed for most of the visitor’s points, shooting eight and six respectively. Fouling on the part of Henderson lost Misses Rowland and Stewart in the early part of the tilt. Henderson boys will tankle with Aycock tonight in the first meeting between the schools this season. Riv alry between the schools has always been keen and the games have been fast and furious. Tonight’s game is carded for 7:30 o’clock at the High Price. DOWELL TO REMAIN MERCHANTS OFFICER Daily Dispatch Burean, In The Sir Walter Hotel, Ity J. C. BASKF.RVILL Raleigh, Feb. 14.—Willard L. Dowell executive secretary of the North Car olina Merchants Association, likewise a candidate for the Democratic nom ination for State auditor in the June primary, will continue to act as sec retary of the merchants association in spite of his candidacy, it was learn ed here today. At a meeting of the board of directors and officers of the merchants association Wednesday, the board adopted a resolution request ing Dowell to continue to act as secre tary of the association, regardless of his candidacy, and Dowell consented to do so. The annual State convention of the North Carolina Merchants Association will be held here in Raleigh April 20 and 21, according to action taken by the board of directors. LICENSES REVOKED FOR MORE DRIVERS Daily Dispatch Burean, In The Sir Walter Hotel, By J C. BASKERVILL Raleigh, Feb. 14. —The permits of 18 more drivers were revoked today for drunken driving and combinations of drunken driving with other violations, it was announced by Director Arthur Fulk of the highway safety division of the Department of Revenue, bring ing the total number of licenses re voked so far to 1,443. Among those who lost their drivers license today for drunken driving, are: B. E. Perkinson of Rocky Mount; Chester Osborne, Charlotte; J. C. Eu banks, Wilmington; L. A. Long, and Blaney Piner, Wilmington; Wade Por ter, Lexington; J. O. Fletcher, Dur ham; and Hestor McLean and Eula Huff, Fayetteville. Heads Carolina Inn J. Haywood Duke (above) is the new resident manager of the Carolina Inn at Chapel Hill, a gift to the Uni versity recently by the John Sprunt Hill family of Durham. General sup ervision of the Inn has been assigned to J. Maryon Saunders, Secretary of the University Alumni Association, and alumni officers are to he located there. Mr. Duke, who has operated hotels in Warrenton, Ahoskie, Eliza beth City, and Nags Head, is a Uni versity alumnus'. He is in (direct charge of the management of the Carolina Inn, while Mrs. Duke serves as hostess. Tnflation Insurance’ Is Urged by Mr. Babson Now (Continued from Page One.) loans are only one-ninth the 1929 level. Another important influence on re cent market activity has been the re newal of inflation fear. For the past year we heard little about this sub ject, but with the AAA decision and the passage of the bonus, unsound money talk plopped right back into the headlines. The chaotic effects of currency inflation have been given great publicity in the United States. The majority of thinking people are coming to realize that they must pro tect themselves against it. Hence, on every occasion that an inflation scare develops, there is a lot of shifting from one class of securities to an other. Basic Program Because of the above, readers may be interested in my thoughts on a sound investment policy today. 1 would base such a program on my Babsonchart of physical volume of business. This chart shows graphical ly the long cyclical areas of depres sion and prosperity which provied the opportunity to buy and to sell securi ties successfully. During times of de pression and recovery, securities of all kinds may be accumulated profitably. During periods of prosperity, profits should be taken in most common stocks and some junior bonds. The proceeds should be invested in short term bonds or held in cash to await the net favorable buying opportunity. Usually high-grade bonds can foe re tained as a protective backlog. The above outline, brief as it is, contains the primary elements of a successful investment program. Right now business is in a recovery period but it is still below normal (10 per cent below according to the Babson chart). Therefore, I feel that we are in a period when many securities can still be purchased advantageously. With the outlook for better business during the net year or two, every in dicator points to higher stock prices. There will be, of course, intermediate periods of reaction; but the market is still in a fundamental upward swing. Carefully selected stocks (and I can not over-emphasize the importance of selection) should sell much higher be fore the movement culminates. Good Bonds at Ceiling High-grade bonds, on the other hand may be at the peak of their upward swing. Many classes of gilt-edged se curities are selling higher and yield ing less today than ever before. As industrial activity continues to im prove, opportunities for earning a sat isfactory return on money in business channels will be better than in the bond and mortgage markets. Further more, as dividends increase, possibili ties for better yield and appreciation in stocks will attract money away from bonds. Hence, it now looks as though high-grade bonds are approach ing a ceiling. Nevertheless, In the thirty-five years in which I have been studying invest ments I have become more and more impressed with the fact that you can never be sure you are right. Hence, I believe that every portfolio should still contain a backlog of bonds as security against the unexpected. There are possibilities, for instance, that trouble abroad or a tremendous tax program at home might bring on a period of business hestiancy. Bonds are the cyclone cellars of a defla tionary period. Experience proves con clusively that any balanced invest ment list must contain a porition of good bonds as well as common stocks PIUJ HCtK. Pop ts P ON,T <=v Raccoon- coat » wfiKT To'>T an OV) E.Q— ~ coay I OUCfK com- I S | Bondholders’ Danger Signals The important job for today’s inves tor is to protect himself against either inflation or deflation. At the moment, the prospects ravor the former. The stage is all set for some kind of in flation in the United States—either creit or currency. Bondholders should watch out for the very first evidence of the following danger signals: (1) living costs rising faster than business activity; (2) business receding unless more and more public money is spent; and (3) high-grade bond prices slip ping while commodity prices go ahead During a period of violent inflation, those people whose investments in clude only bonds or other fixed-in come-lbearing assets would be ruined. Even if prices of bonds should not decline, their yield, expressed in terms i of living costs, could evaporate. The history of inflation in other na tions shows that while bondholders were hard hit, stockholders came through in fair shape. Investors who | pride themselves on being conserva- | tive are not being conservative today j if they have their money invested 1 solely in bonds and mortgages. Such investors are just as reckless as those | who pin all their faith on common i stocks. The most important lesson that I have learned in a lifetime de- ] voted to helping people with their fi- | nancial problems is that diversifica tion is the primary principle of in vesting. Moreover, under today’s con ditions, diversification is more essen tial than ever before. Complete Diversification Diversification does not simply ap ply to a division of capital between stocks and bonds. It means the spread ing of funds over different grades of securities. A bond list should contain second-grade as well as gift-edge is sues, while a stock list should con tain a few out-right speculations as well as sound dividend-paying issues. Diversification should also extend to the type of industry. Investors should never load up on oils or utilities (but should spread their funds over many industries. Diversification should be applied geographically. Investments should not be concentrated in one lo cality but should embrace a nation wide interest. Finally, broad diversification in cludes investments other than stocks and bonds. The careful investor should hold bank accounts, insurance policies, and material possessions. In Germany and other countries where inflation went wild, commodities, real estate (particularly small homes and farms), home furnishings, collections, and the like all weathered the storm in relatively good condition. When shaping an investment program today, the wise man will take all these fac tors into consideration. “Inflation Insurance” There are thousands of small inves tors, however, whose funds are too li mited to get the benefit of diversifi cation protection. For this class, the most practical form of “inflation in surance” would be a group of five or ten low-priced common stocks of in vestment trusts. In this way the small investor secures a share in a thorough ly diversified portfolio of investments which would cover most of the points outlined above. The principal thought I want to leave is that sound invest ing under today’s conditions means first, diversification; second, careful selection; and third, insurance against (both inflation and deflation. Royalists In France Might Force Crisis (Continued from Page One> ident Albert Lebrun and promulgat ed today, took command of the situa tion in his capacity as minister of the interior. Police searched the headquarters of the “Action Franciase”, but Sarraut indicated he was reluctant to order arrest of the leaders for fear of re kindling the flames of rioting which flared two years ago. The premier confronted at the same time socialist demands for stern ac tion against royalist leaders, because an attack yesterday on Leon Blum, veteran statesman and socialist lead er, was the immediate cause of the royalist dissolution decree. The socialists were powerful enough to overthrow the government in the j Chamber of Deputies if they failed j to obtain satisfaction. WOMEN OF ALL AGES A LL women at some period of their lives need a strengthening tonic like Dr. Pierce’s Fa vorite Prescription. Read what Mrs. J. H. Faisen of 713 Eva St., Durham, N. C., said: “It was impossible for me J&: Mr to sleep well and at times I would become so upset I could scream. I was so weak most of the time that I wasn’t able to do a thing. I would be troubled too with splitting headaches. I was losing weight steadily, weighed but 95 pounds. Dr. Pierce’s Favorite Prescription helped to give me an appetite and I felt just fine and was able to enjoy life once more. I gained in weight too.” Buy now at drug store. New size. tabs. 50c. Liauid SI.OO and $1.35. Trade At TURNER’S MARKET For quality Meats and Best Service Phones 304 and 305 FOR A BETTERSCOTCH & SODA 1 Insurance —Real Estate —Rentals Organized Service Built On Experience Citizens Realty & Loan Company JOEL T. CHEATHAM, President. Our Service Creates Peace of Mind. jfigj PENDER 1 Bulk Food Sale! i Eat bulk foods for extra energy. Dried beans and evaporated fruits are featured this week at bargain prices. Stock Up. Pried Beans I BABY LIMAS | 3 ibs. I BLACKEYE PEAS I 13 1 bs. I PINTO BEANS 1 4 lbs * i Navy Beans 6 lbs. 25c Great Northern Beans, lb. 5c Red Kidney Beans 3 lbs. 25c |j Domestic Sardines I 4 cans I Maxwell House Coffee lb. 27c Baker’s Chocolate 1-2 lb. cake 15c I Evaporated Fruits I MEDIUM SIZE PRUNES I 3 lbs. 14* I EVAPORATED APPLES 9 2 lbs« I Evaporated Apricots lb. 23c Evaporated Peaches 2 lbs. 23c Sturdy D. P. Blend I 1 Brooms Coffee I Elk 4-String %U lb. 1 25? Our Pride No. 6 Special Bread 1 j 20-oz. Loaf 9^ In Our Meat Department 1 Chuck Roast 16c lb. Boneless Roast and Steak 21c lb. Rib Roast 23c lb. S Lobe Roast 23c lb. li Branded Steer Porterhouse Steak 43c lb. Branded Steer Sirloin Steak 35c lb. Home Dressed Hens 29c lb. | Fresh Cooked Shrimp 30c lb. Fillet of Haddock 29c lb. 1 Mackerel Steak 23c lb. |g Rib Side Meat lb. If Swift Premium Hams 31c lb. Nice Spring Lamb-all cuts. If All cuts nice milk fed veal.
Henderson Daily Dispatch (Henderson, N.C.)
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Feb. 14, 1936, edition 1
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