Newspapers / Marion Progress (Marion, N.C.) / Dec. 29, 1949, edition 1 / Page 8
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BABSON'S FORECAST (Continued from first page) tal. Moreover, some of the nuis ance taxes may be eliminated or reduced. 17. The long-term capital gain tax of 25 per cent will remain un changed. 18. There will be many increas es in local and state taxes, and snore reaching for relief by "sal fes" taxes or other forms of rais fag needed funds. RETAIL TRADE 19. Goods on counters will be of fcetter grade in 1950 than they were in 1949. 20. Markdown sales will con tinue during 1950 as consumer ■pending slackens due to decline in employment and other factors. 21. The dollar value of all re tail sales in 1950 will also be less In 1950 than in 1949. 22. Less will be spent on new fcuilding and equipment by stores «nd factories during 1950. C • TV _ 1 . 23. Our exports will be down during 1950 and our imports will Jbe up during 1950, comparing hoth with 1949. This will partly be — -accounted - for by the devaluation ■*-* of the* 'EjlgJish Pound qud other foreign bWrfcncies. 25. Foreign credits will continue to be granted during 1950, but some of these will be direct by American Business firms and in vestors. If our Government will get foreign governments to agree that such investments will be ex empt from any new tax or other legislation by the foreign country in which the investments are made, considerable progress would he noticea*ble along foreign trade channels. 25. American interests will have more competition from foreign producers of raw materials and of manufactured goods during 1950 than they had during 1949. This will benefit some American con cerns, but be harmful to others. 26. Fear of war with Russia will continue during 1950. World War III will come sometime; but it will not start during 1950. Those in large vulnerable cities should use these years of peace to get some small farm or country home to which they can go in case of war. Such places will be almost unob tainable when war actually com es. Deficit Financing 27. The supply of money will be increased during 1950, but the price of Government bonds will not change much one way or the other during 1950. 28. In addition to the anticipat ed Federal deficit the $3,000,000, 000 being distributed as insurance refunds to veterans will be mostly spent. 29. Congress will not change the price of gold during 1950. Stock Market Most stocks will work up and down in about the same range dur ing 1950 as during 1949. 31. Stocks of companies with as-' sets mostly in natural resources, known as inflation stocks, should leave the greatest demand. 32. There will be more invest ment buying for income during 195® and utilities and companies making labor-saving machinery may be more popular than other industrials or railroads. 33. The wisest investors will j keep a fair amount of their funds liquid throughout 1950 pending the great break in stock prices I which will come someday. Bonds 34. High-grade taxable corpor ate bonds bearing low coupon rates should continue at about the same prices during 1950, but of course, they will sell for much lower prices when money rates in crease. | 35. 1950 will see a further fad-' ing off in certain tax exempt bonds due to the new Housing Au thority Obligations to be issued during 1950. 36. The Federal Reserve will continue during 1950 the same general policy which it followed in 1949. 37. The importance of diversifi cation will be given more attention in 1950 and wise investors will wath their bond maturities to see that they are either short or sy stematically staggered. Real Estate 38. The city real estate outlook is uncertain. It should continue to hold firm throughout 1950 due to less available rental space caused by pulling down old structures to save taxes and to provide parking spaces. Owing to high costs and the fear of World War III, there wil be little inclination to build new city property. On the other hand, the continual movement out of our large cities—in the interest of decentralization—may cause prices to soften. 39. There will continue to be a fair demand during 1950 for su burban real estate with a shading of prices for large places; but the residential construction boom should continue well into 1950. 40. The demand for large com mercial farm acreage will be less during 1950; but small sustenance farms especially those located close to established communities, will hold up and, perhaps, increase in price. 41. There will be some decrease during 1950 in industrial and pri vate building. The cost of such building will decline t- little and the quality of workmanship will improve. There should be an in crease during 1950 in publicly fin anced building. 42. There will not be much change in business rentals during 1950 but residential rents will av erage higher in 1950. Only as property owners are granted high er rentals will there be more hous er rentals will there be more houses built for rental purposes. 43. Mortgage interest rates during 1950 will continue about the same as during 1949. 44. The growth in industrial pensions should help real estate sales in Florida, California, New Mexico and Arizona. ucnerii ouiinen 45. Many business concerns find their operations sliding down "to ward the break-even point. There will not be as much margin be tween costs and selling prices dur ing 1950 as during 1949. Unem ployment will gradually increase due to the installation of labor saving machinery and other caus es. 46. Military preparedness will continue to bolster business and employment during 1950, but this is not a healthy development. 47. Excluding Government own ed commodities, the physical stock piles of manufacturers will remain about the same during 1950 as during 1949. Politics 48. 1950. will be an election year. The Republican Party will remain in the doghouse. The Ad ministration will continue to talk radically against Wall Street and the so-called "Selfish Interests," but at heart the Administration will be fairly conservative. Its bark will be far worse than its bite. 49. The Administration will con tinue to be sympathetic to organ ized labor unless someone like John L. Lewis goes too far. In that event, such a man will be made the whipping boy, but with the consent of other prominent labor leaders. 50. The Congressional Elections of 1950 will not change the poli tical status of Congress to any great extent. "The most rapid change in our economy since 1939, and probably the most significant, is the tremen dous increase in the money income of the people," says Charles A. Burmeister of the U. S. Depart ment of Agriculture. NOTICE OF SALE OF PERSON AL PROPERTY North Carolina McDowell County In the matter of the Estate of Amos Hensley, deceased, by L. D. Thomas, Administrator. Notice is hereby given that the undersigned Administrator of Amos Hensley, deceased, will offer for sale at the Amos Hensley home place on Toil's Creek in North Cove Township, McDowell County, North Carolina, at 10 o'clock A. M. on the 21st day of January, 1950, all of the hereinafter described personal property to the highest bidder for cash: 3 Milk Goats. 28 Head Goats. 2,000 Feet Lumber. 8 Bed Steads. 3 . Sets Bed Springs. 12 Chairs. 1 Lot of Farming Tools. 1 Lot of Wrenches. Approximately 4 Tons Scrap Iron, Brass and Steel. 2 Stacks of Hay. 8 Brier Scythes. The terms of the sale are cash and the right to reject any and all bids is hereby reserved. This the 28th day of December, 1949. L. D. THOMAS, Administrator of the Estate of Amos Hens ley, deceased. Kidneys Must Work Well Fer You To Feel Well 24 hours every day, 7 days every week, never stopping, the kidneys filter waste matter from the blood. If more people were aware of how the kidneys must constantly remove sur plus fluid, excess acids and other waste matter that cannot stay in the blood without injury to health, there would be better understanding of why the whole system is upset when kidneys (ail to (unction properly. Burning, scanty or too frequent urina tion sometimes warns that something is wrong. You may suffer nagging back ache, headaches, dizziness, rheumatic pains, getting up at nights, swelling. Whr not try Doan'i Pills? Yon wffl be using a medicine recommended the country over. Doan't stimulate the func tion of the kidneys and help them to flush out' poisonous wast* (rom the blood. They contain nothing harmful. Get Dean'* today. Use with confidence. At all drug store*. Doans Pills ABOUT YOUR HOME —By FRANCES DELL In most sections of the U. S. A. the gardens are in a very attractive stage. However, in order to be hap pier over next spring and summer's results, now is the time to put in some hard work and planning. Make a compost pit, which is very easy and an important "must" for improvised soils. Simply dig a pit one to three feet deep and five or six feet in diameter, depending on the amount of compost needed. Arrange alternating layers of leav es, weeds, stalks and manure. Add to this a quart or so of a good com mercial fertilizer. Moisten and turn , frequently. Allow thorough decom position before using. Start new beds at this time by incorporating manure and bone 1 meal deep in the soil and allowing ' the soil to remain turned until spring. Also, put wood ashes on j beds to be dug under next spring, i FARM INCOME TAX I (Continued from first page) I farmers, since a majority of them close their business year at the end of the calender year. Ratchford points out that every one whose 1949 income was more i than $600 before expenses were deducted, must file a return re gardless of whether he has to pay any tax. Necessary forms may be obtain ed from the neares collector of in- 1 ternal revenue or the local bank ' or post office. Forms needed are 1 1040-F and 1040; 1040-ES for filing estimated returns; and 1 Schedule D for listing gains and losses from sale of property. An 1 instruction pamphlet also is avail- ' able. Louisiana's sugar plantations, < after a battle against mosaic and ] other diseases that began a quarter century ago, are now better than i ever and improving year by year. It is an interesting fact that as i early as 1794 county fairs were in stituted in North Carolina. ( Four counties in our state have i no railroads; they are Clay, Alle- 1 ghaney, Yadkin and Dare. j j Perennial borders should be mulched after the ground is frozen or very, very cold. Some reliable mulches are buckwheat hulls, leaf- i mold and peat moss. j In many parts of the country it j is, or soon will be, rose-planting1 time. Good plants must be chosen in the first place to have reward ing blooms. Remember, not all va rieties are equally hardy. Select the varieties which experts havei found can stand your climate, j Good strong varieties are not of ten bothf .-ed by insects or diseases, j Tapanese beetles are not attracted! :o red roses quite so much as to the ight colored ones. Be sure to choose prolific bloom- i ;rs because they are just as easy to i jrow as the shy varieties, and a lot j nore fun. Consider the kind of fol- j age the plant has. Look for good,! iturdy stems and thick, shiny leav- j is. - I STATE COLLEGE HINTS TO FARM HOMEMAKERS By RUTH CURRENT State Heme Demonstration Agent Home management specialist re »mmend eight good features to :heck on when purchasing an elec-1 ric hand iron. Power-a rating of about 10001 vatts is desirable for fast heating, j, Dial to control heat—located i vhere it is easy to read and move ! vhen ironing. Handle—of heat resistant ma trial, such as plastic or wood, haped to fit the hand comfortab y Beveled (or slanting) edge—for sase in ironing around buttons. Cord—well-insulated with a se :ure, flexible connection where it s attached to the iron. Sole plate—shape and size suit sd to the ironing job. A large sole | date saves time when family iron-! ng includes considerable flatj vork. A smaller, narrower iron is i nore convenient for young child- j ren's clothes, ruffles or other fine detail on clothing. Weight—an iron weighing no \ more than four pounds saves ener-j ?y in lifting. 1 Iron -rest—side support, heal ; support or a flat, heat-proof pad to i 3et the iron on proved equally good > in a time and motion study. How-1 ever, the metal stands that are e-j lies from the days of stove heated irons waste both time and energy. J When children become tired of plain oatmeal for breakfast, add a little cocoa and a dash of cinna mon to the water in which the oat- j meal is to be cooked. j Earthworms often live to be 10' pears old. * j WHY PAY MORE $2.00 DOWN Gets Your New Fall Outfit — AT — LARKIN'S Over Streetman Drug Co. Toxaphone is now recommended for the control of ticks, lice, horn Flies, and sheep ticks on all live stock except dairy cattle. This ma terial is of special value in the con trol of ticks. > Want Ads Want Ads are one cent a word for each insertion, cash in advance. No ad is taken for less than 25c. WANTED to buy Black Walnuts in any amounts. Proctor's Feed Store, West Henderson street. 4tp> rERRACING—Am in position to d« terracing:, work out farm roads, ditching, etc., at reasonable prices. Phone 258 or 368-J. FOR SALE—Large coal heating stove. Apply at The Progress Of fice. BRIGHTEN YOUR HOME with new furniture. See our line of iving room furniture and dining, •oom furniture. Laughridge Furw :ure Co. Westmoreland-HciterKfn* Funeral Service ^/Imbulance Thone 4-76 , Thone 276 220 J. Main St. PRINTING is one of our big lines. Prompt service, careful attention and expert work keeps our printing department growing Mcdowell publishing company Phone 64 Hollar lor Dollar you can't beat the ™PO \ Ti U f RIGHT HERE is the Buy of the Year! Gorgeous New "Silver Streak" Styling! More Thrilling, More Powerful Performance! Richer, More Beautiful New Interior*! Lowest-Priced Car with Hydra-Mafic Drive*) (*Optbmal at extra cost). Eighteen Distinguished Models—Priced to Please Toe! 5-Passenger Streamliner Six Cylinder Sedan Coupe Delivered here . . . Optional Equip ment and Accessories available, if you desire, at added cost. Prices sub ject to change without notice. Prices may vary in surrounding com munities due to transportation differ' entials. License, State and Local taxes, if any, extra. $1798 Just one look at the new 1950 Pontiac will tell you that it's one of the top quality cars of the day—a. big, beautiful, handsomely-appointed, eye-stopping beauty. And just one look at the price will tell you that it's one of the world's top values—nothing less! Under its hood is an engine famous for power, pick-up, smoothness and economy—whether yon choose Pontiac's new, more powerful straight-eight or the famous six. Come in and order your wonderful new Pontiac today—you'll drive it with pride and satisfaction for many years to come! EAST COURT MOTOR CO. ♦ EAST COURT ST. PHONE 39
Marion Progress (Marion, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 29, 1949, edition 1
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