Newspapers / Henderson Daily Dispatch (Henderson, … / Dec. 28, 1939, edition 1 / Page 2
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PAGE TWO WPA Basis For Judging Os Projects Daily Inspai-I* l»ureau. In the Sir Walter Hotel. Raleigh. Dee. 28.—1 n Hie course of the many housing surwys neing made m North Carolina cities undei WPA auspices, the iielci men actuolß inspecting the real estate are knee ten definite criteria (that: waat me WPA men call thenD to determine whether a "dwelling unit" ard or sub-standard. So much was learned by minute questioning ol these in eh: sgc ol toe real estate survey di\ > .-a ot the WPA here. Fred Colui. director ol information for the \\ PA ano th.e us ual and ready source ot intormation. was still out ot the eit\ loi the ho.i days. _ The "criteria." or n. ts ot stand ards are divided into two main classes, physical characteristics and characteristics ol occupancy. I tidei the first head fall seven tests, while there are three under tea* second. The physical tests class as sub standards: (1) Any house in need 01 major re pairs. Right oil the bat there is con siderable leeway here, the survey of ficials admit. It all depends upon the field man to use his o\\ n judgment, as to the "necessity" for "major re pairs. (2) Any house unfit for use. Here again there is some discretionary latitude for the surveyor: though there isn't often much disagreement about whether a house .s uni it tor use. (3) Any dwelling having no flush toilet or any dwelling unit with only a fraction of a flush toilet. Finis it two families have one Hush toilet be tween them, then the dwelling unit is sub-standard. (4) Any dwelling without a bath ing unit or with only a fractional part of a bathing unit. The same rule applies here to the fractional bath ing unit as to the flush toilet. It one bathtub with running water is used by two “dwelling units" then both are sub-standard. (5) No running water. (6) No installed heating unit. It was explained that any permanent and fixed heating source is an “in stalled unit". Thus a fireplace is such a unit. The provision is intended to make sub-standard only such dwell ings as must be heated by movable oil, gas or other unfixed heating agencies. (7) No lighting system. The only recognized "standard” systems are gas and electricity and if the unit is not arranged for one of these two it is definitely sub-standard. On the side of occupancy char acteristics the following tests are used. Any building is sub-standard which: (1) Contains more than one and one-half persons per room and rents for less than S2O a month (the ren tal figure is for Gold-boro, other fig ures are applied in other cbies in dif ferent population groups)'. Both these condition; -t obtain. Thus a unit is no: sub-standard it it rents for more than 820 per month even if it houses mot. on , no and one-half person per n wo (2) Is occupied by owe than one family and rents for is .• than S2O per month. (Again th * Goldsboro fig use is used.) Here again both con ditions must • . :< not sufficient to make hr amt sub-stand ar<^. (3) Is occupied by . tore than ond family and houses or so than one and one-half persons per room. First Hair of IS4O Will Be Best Since 1929, Babson Thinks (Continued From Page One) high level well into the first quarter merely to fill orders now on hand. Business could fall back to as low as 106 cn the Babsonchart by June and still ring up the best first half since 1929 before adjustments for popula tion gains. Big First Quarter Leaving the “ifs” and “coulds” out of the picture, my forecast is that business,will travel at high speed in early 1940. The first half should average 10 to 15 per cent above the same months of 1939. It looks now, however, as though the trend might turn down from current high levels as the months work along. My guess is that activity will be lower early DfK,. : .■■■XiC2r2i2Z>i?cr— —-xici-wrxic- -mv Just for The Record ... Six months ago, when the Brewers and North Carolina Beer Distributors Committee was formed, a definite and sincere promise was made to the public. We pledged the aid of this industry to the law enforcement agencies in seeing that retailers of beer operate their establishments in accordance with the law and public sentiment. That promise is being carried out —and will be carried out permanently. The record shows that in the past four months, the legal beer industry in this state has assisted authorities in bringing about the revocation of 34 licenses. You can help your law-enforcement authorities and this awakened industry by giving your pat ronage only to reputable beer dealers—who de serve it. Brewers and North Carolina Beer Distributors Committee EDGAR H. BAIN, State Director SUITE 813-17 COMMERCIAL BUILDING- -/ RALEIGH, N. C. next summer than it is now. I use the word "guess" literally, too. Any forecast beyond June 30, 1040. at this time, is a mere guess. No man —not even Hitler oi Stalin— knows what will happen abroad in the second halt of next year. Add to this world confusion, our domestic i uncertainties, particularly the presi dential election. Only a chrystalgazer l or a fortune-teller could aspire to vive you an answer now to either the war or the election, lienee, for the first time in two decades I dare not make, at the New Year period, a specific forecast for more than the first half of the coming year. Two Possibilities Second Hail Strange as it sounds, rigtit no a 1 think there are only two possibilities for the second half: (i) A rip-roaring boom or (2) a sickening crash. After the nominations are in. we should be able to tell which of these two developments will take place. Hence, l shall not give readers my delinite forecast for jobs, wages and business in the second half of 1940 until June. In the meantime, no one will make any money by worrying about late 1940. The successful people next year will be those who take advan tage of the great opportunities of the early months. For ten veins we have waited for “good times" to eomo back. They are here now but nobody seems to want to do any thing about them. Fears and uncer ■- unties should be lorgotten tor a lew inr"- n ; u!y any one who A primarily ..'varied about Congress is fretting unnecessarily. Don't Worry About Congress De-nite the war. it looks as though the 1940 session of Congress would be a tvpical election-year affair. 'Most Washington observers are fore ruthw a brief, routine session en livened only by pre-election warm ups and patriotic tub-thumping. No new reform or anti-business laws will be passed. Only major legisla tion which has a chance is pro-busi ness. including amendment of the (1) Wagner labor act. (2\ modifi cation of the wage and hour act. and (3) tlie passage of the Mead credit bill. I am reasonably sure that no new Federal taxes will be imposed. Pay as-you-go talk in December is one thing—action by Congress next spring is another. Secretary Wallace would like to see the processing taxes revived under some tvpe of sugarcoating-—but this wouldn't be good polities in an election year. You can bet yout bottom dollar, however, that the total share of your income taken by Uncle Sam—counting both income and hidden taxes —will not be a pennv less than in 1939. Record Spending But because taxes are being “froz en". do not imagine that an economy wave is sweeping Washington. U definitely is not. Farmers’ benefit onvments will be almost ns big as in 1939. Relief costs will still be heavy despite increased jobs. Outlavs for defense will break all records—un half a billion dollars over 1939. If there ; s any oaring down of expenses it will be done purely for window dressing purposes. Net results will he another whopping deficit for the Treasury—as big, or bigger than, in 1940. Hence, the Roosevelt administra tion will come down the straighta way of its last year with the eighth consecutive deficit and a national debt of nearly 545.000.000,000—up i 520.000.000,000 since 1933. It will be a sorry record indeed for a presi dent who chided his predecessor’s i administration as “being the most extravagant and reckless of* any i peace time government anywhere, at any time.” Despite this record, Mr. Roosevelt is still popular with the * :jovity of voters. They particularly h'.'-a hi foreign policy and his mam moth defense urogram. vv Industries 19»Q's Spark Plug Weis record-breaking defense pro gram is just one of the four props under 1940 business. (1) Trade gains with neutral countries, (2) rising buvino power in cities and on farms, and (3) a heavy industries boom are 'the other supports which will hold business at a high level. Most im portant of all these is the renaissance in the heavy industries. In the boom iet of 1936-37, the consumers’ goods indstries furnished the drive. Today | the burden has been shifted to the j broad shoulders f such industries as steel mills, railway equipment shops, and machinery makers. For five years we have tried to get the heavy industries going. That’s where most of our unemployment ha ; .been. So the upswing in these “big businesses” will be the sill und- Hitler Visits the Front Central Press Radiophoto Adolf Hitler chats with a German soldier during a visit to “the foremost line” on the German Western Front on Christmas Day. German authori ties declare the fuehrer crossed the frontier into France and hint that ha is on French territory in this picture. Photo flown from the front to Berlin and flashed by radio to New York. er jobs in early 1940. Employment in th.e heavy industries should in crease, but there may be some lay offs in certain consumer industries. As a result, total number of jobs in early 1940 will be only slightly high er than at present. No real inroads on unemployment are in prospect. After schools and colleges dump then crop of graduates on the market next June, unemployment may well be higher than it is today. Higher Payrolls, More Strikes Payrolls are another story. They should be 20 to 25 per cent bigger in the same months of 1939 and even moderately higher than at present. Wagefe will be pushed up where union pressure is strongest while the wage | and hour act will force up weekly income where is cor%erned. With business riding the crest of the wave, it is only logical to expect ; more strikes. I doubt, however, if i there will be any serious tie-ups | such as we had in 1937. Right now it looks like the aviation industry is; the odds-on favorite to provide the labor trouble headlines. These plants—and nearly all oth ers —will be running under forced draught. Machine shops, iocomotive and car shops, construction outfits, and shipyards will be working at top; speed in the next few months. Soft coal miners will be much busier than 1 a year* ago. Metal mines are slated for a big six months. Steel mills should average above 80 per cent of capacity. More autos titan in any similar period in three years will trundle off the assembly line- well over 2,000,000. Railroads are in for their best first half hear sine* 1930. Let Down for Consumer Lines Activity it chemical, electrical equipment, farm tool, furniture, (tap er. tire and rubber, and metal plants should ton the early months rC 1939. Use of electricity and petrole tpr >- ducts A destined to set new time a \ let-down. !: <m eon rent boom k'vn]-: in neb <■ at urier lines as textile'- and shoes would not ho >urpri-am.-. Woolen and rewnp blunts, however, will continue full blast. With inde’stria! netivit-* wide open, or vice businesses will be m the oimer and prole -Omni men will see the best collections in many months. Steady to higher payrolls in indr - trial centers therefore, should h.o'u the nurehasing-power spotlight. Tn addition, farmers will have m ire money to spend. T do not foresee ary runaway gains in farm product prices such as we had in the World' War. * Yet. heavier demand and higher con- I sinner buying power should bolder j up prices to the tune of 10 per cent over the first half of 1939. Wheat, corn, and other grains will lead the parade. Fresh vegetables and potato farmers can look ahead to a good year. Farm Income Up. Beef, lamb, and pork will not sell much higher than in the early months ol 1909. I do not foresee any big gains in butter, cheese, eggs, milk, poultry or fruits. Cotton exports are rising sharply and demand is tre mendous. This indicates that King Cotton is getting a new lease on life. Consequently, farm income ought to be 10 pei- cent higher than in the same months last year. I he drought in the west is a very serious factor. The moisture situation £T e wor 1 on record at this season. • f it geR no drier, however, it could easily lilt, rather than lower, total ar mincome. Barring a continuation o fthe drought, total production on all farms in 1940 may be close to the 1939 figure. The increase in prices will not be gravy for the farmers, however. Their costs will go up, though perhaps not so much as their prices. With farm profits a bit oetter, farm land values should con -1 nue to edge up a little. “Oomnh” In Prices. In addition to higher farm prices, industrial raw materials should also push upward in early 1940. War, high eoustriaJ activity, and rising buying Power will put the “oomph” in the puce picture. Hides, cocoa, gasoline <nd paint materials can have the sharpest boosts. Increases in wool ••ayon, sugar, steel, lumber and non u.i rous metal.--, are a good bet assum ingbusiness ' activity holds up. Cof lee, hard coal, cement and glass will do well to hold their own. One of the mforesting points about this current ooorn is the remarkable stability of prices ol a!! kinds. This desire to keep the lid on prices is good news for consumers. Their living expenses are not going to change much in early 1940. Food is tiiO only not spot. I will be surprised, however, if your weekly market bill next June is more than five per cent HENDERSON. (N. C.) DAILY DISPATCH THURSDAY , DECEMBER 28,1939 higher than i i. now. Clothing will not advance more them f;vo per cent. There R no reason to forecast" serious advances in fuel oil, coal, or rents tor th.e first hah of 19,10. Rising lum ber and labor costs will make fur niture a little more expensive. The sum total of all this means that liv ing expenses : hould still* n by only two or three per cent during the first six months of 1940. Brisk Gains In Trade. With only a modest step-up in liv ing expenses and an increase in con sumer “intake", retail trade will bt better. A gain of eight per cerh sounds about right to me. if the in crease is measured in dollars. Only about four per cent more goods wil. be sold, however —-the other four pci cent being accounted for by mark ups on price tags. Luxury and semi luxury* lines should register the big gest set-up in sales if this past three months is any barometer. Store profits ought to be satisfac tory* with inventories in fairly gooc shape. The .successful merchants wil be those who take advantage of the big opportunities of early 1940 by inflating their advertising budgets Promotion outlays should be uppec at least 15 per cent. Those salesmer who have been faithfully doing theii mis Arm: y v.the F st two year: will cash in with the biggest com mission cheeks ; inec 1929. Another key indu-try winch shoulc c big things in the next six month: is construction. Building commission ers will be busy- okaying 10 to 1; per cent rr» : e c mtr icts than in the -ows ,s. s' A Public buildim will be baken down about 10 pei c< nt: but e.• >re that offset by big ,'u.sp in Indus!rial anc i-sc • : ‘ - • . With factorie. straining every nerve to meet rie ih'ery dot wdu.strial building oleins shelved since 1937. are .a.-i lg trottec nut. This type of c--nsv a aim shoulc chalk up a • • over 1939 FHA "in f il linen t” lo< n ■ ready to give hew*- t * : iha a.; smer sho in ih< arai. Co■•{-•; .ay ,ncii up, bir they are / ; •. . . i : j p )r ;Itl y sharf s drams . F . !i ■ I'ke a busy pe >d ahcu< workers, eon- Irac architects, <nd the 26 al . led .i'A , i. As apply <hc building ' ' a' eat..: ’ :non spe ar, modern > >r<ipertic: should \ A ter \ aiues am stiffening e the months v,cri along. H'.wevt Isv no hope foi old, large house:, or other out-of-date buildings. High Earnings; Big Dividends. Hence, the first half of 1940 prom ises to be a good period for most oi us. I am particularly optimistic o’ investors income. Businc-; profits ir early 1940 ought to be the best ir three years in most tines--and the best in ten years in other lines. Earn ings will run 30 to 50 per cent oven 1939. The heavy industries shoulc report the biggest jump in profits— up 50 to 100 per cent —with consum er industry profits up 10 to 25 pei cent. As a lesult, investors are slat ed for some very pleasant dividend surprises—checks 25 to 50 per cenl bigger than a year ago. With a combination of high busi ness volume and a bright outlook for profits and dividends, you would nor mally expect higher security prices. However, this is not only a strange war; it’s a strange boom as well. De spite all the optimistic news, senti ment is bad. Investors refuse to buy under-valued stocks selling at 8 to 12 times earnings aqd yielding 5 to 10 per cent. Yet they stampede to buy the bonds of a government which has failed to earn its “char ges” for ten years, and which yield only one to two per cent. Second-grade bond issues of con cerns covering their interest com fortably are selling for 50 to 70 cents on the dollar while 3 1-2 per cent “Triple A” corporation bonds ;ro gobbled up at prices to yield as aide as thfee per cent. Some time — maybe in the first half of 1940 —but sooner or later, the bond market must take its medicine just as the dock market of 1928-29 had to take its knocks. So I am moderately bul ;i; -11 on carefully-selected stocks and medium-grade bonds for early 1940, but I am bearish on “high-grade long-term bonds. World commerce is all muddled up. You cannot make any strong forecasts about it. The best you can say is that our trade with Canada, South America and Italy will be the high-spot of the export and impart picture in early 1940. Our commer cial treaty with .Japan expires on January 15. Jf it A not renewed, oui trade in the Pacific may be sharply r-;,-tailed. H* v/evor, I think some- Ihing will be worked out with 'he Japanese. No Yc\ir Forecast. No forecast on the war or its dura- tjr,n i possible tr. this time. It may ji,> ~11 over tomorrow, or if may drag oi, I'm- years. The important point i■ i • j ; j ilow is to recognize that wars offset on business is being over-em pA; ized So far, it has neither lielp , i, ;i• hurt, American business. Mlii-ii, and ii, lighting breaks out in (. Allied war orders will help M ir hu inis Bui under no circnm i iiccs would the belligerents buy ~i rh from us as they did in 1915- jl. Yj,e war is in no . on.se the major f)i , j mirk r our current, boomlet. rpm .*/!,;/ I say, “War or peace, ~ -iy !• k) will sc the be.- l businoi s j so ten years.” The Hi si half of 1940 will come :! (> eli) •■;,(. la “good limes" that we have i ecu since 1929. Readers must . not think, however, that I believe t very thing is hunky-dory. Real pro-- ; [K-rPy i- as far away as ever. Tu-al Ample Parking Space / ' JOWLS ""PEAS" \\/ - super < lh 10c 3 Ibs . i9c BA/MftitET» -———-—— High Rock or Par-T-Pak Grscn ‘ WATER .Hf" . GOULARDS, 3 ibs. 10c bofcs* 15c ‘N’r-y’ Red Blsss cherries, Cocllteil _ POTATOES, 0 lbs. 25c 2 hols, 2a>c Libby’s Stuffed 4 0 0 /"VTQ, CLIVES, 3 oz. LHh.RU 1 0 ** ~S GREEN ONIONS bunch JjC POP CORN, 2 RADISHES pKgS. iOC o & c Potato Tender Green • 1 ST!CKS ' 2 N °- 2 .. SPINACH, lb. Sc r. CtiitS A ig caviar, 3,02, PARSNIPS, lb. 5c •I „2i 2!,c TOMATOES, 2 lbs. 25c • fffig# > v a 4 *1 •'X* tp* r* a “* " * - m 2-oz. :|| , * r bellow ?! f ONIONS, 4 Ibs. !0c } - #| Hlf T? iif* Ar * >t Waldorf £rO/% Mg „ |-5 181 l At%{* ; t ip g c \ 1 v Pnvp t?*;?* 5 I "in 1 Just Received For cr \'^ I Sausage pork & ib S . j &urtieys Years, n. «-•»*- Pork Chops f 2 ] bs . 37c j Trout Speckled <Jlbs. 25c Bolognay 1 And 01 2 a,.,. 2Sc I Bacon Thm n>- c Earn u! ib.. Centei ' 29c Pork Brains 2«». 2&c “| Mams a ”h“.2lc VeaS Cutlets l„. 2.5 c 1-1 Picnic Hams " r 'lll2 l /2c Veal Chops mA :; c Picnic Hams Lb. 15c Round Steaki.b. 23c ami 2j Dicks Ls " K “ 17V 2 c g e€ f Roast d, 15c and 18 I Foundation Sweet or Unsweetened rx r ®a ¥ * No 9 “3 Packed In L-3; i Grapefruit Juice $ Ca J 17c ' i - i iCjD Golden Halves California Peaches 2 x<, ’ c 2 a i' 2 25c Doz - TT , - t • :JIS2SBB Habitant j n v 0 , 0 Standard Quality Pea SOUP 2 cUT 19c String Aunt Betsy ' BEANS Black Eye Peas 2 MU 2 19 c 3 c^; 2 yj c Triangle Sweet Mixed or Sweet Pickles Q T’. t 17 c Junket Quick: Phillip’s Delicious FUDGE Black Eye Peas 3JW 16c ST 15c J prosperity is merely a ::yn«>tiyni for for progress of civili/ation. Will) mi - lions of men jobless at homo and mil -1 ions' more trying to Kill oaeh other abroad, real prosperity is not even “just around the corner, heal P ln ~ perity and lasting peace v. m ■' ■im > i only when the dc ires ano i. ol our and all oilier peopf ■: ' ■ thal is, when we all prahiee what Jesus taught 2,0U0 year,; ago. (NOTH: This is a copyrighted ar ticle. 11 cannot be reproduced eilir.T in whole or in part without permis sion fro iutho Publishers Financial i Bureau, Bair • n Peiv;;> ... Pineapples, accordin'- to a r.cdi r-aj m-ticl-'. are cirlually loaded .vith I vitamin C. That’s odd—during the j prohibition era \vc iwa.ys -inder stood they were full oi’ •/itumins TNT. Hooded Band Abducts Man in A >m-> (Continued From Pago ( lie heard a woman scream, men hustled another person automobile and drove away i, reached the spot. The Anderson independem Acl.m- as .mymg “the wo hysterical and apparently taint. Her baby was cryin them 1o the home <a bor. The woman told me 11 eel Jiieii broke into me nagged her husband from \> A police report quou M ii son as saying the robed an ed men forced their vm.\ home, frightening his wit not there, he related.
Henderson Daily Dispatch (Henderson, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 28, 1939, edition 1
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