' THE TABOR CITY TKlr
Farm Income Drop!
For 1947 Imminent
Recent information on the eco-1
nomic situation which is expected |
io prevail during 1947 indicates that!
farm people should begin planning
to economize in production costs if
thr>y do not want to come out in the
υ Ν Κ
red next year. It is expected that
labor costs in general will be higher
during 1947 t'.»an during any pre
vious year. However, farm products
are expected to sell at lower prices
than in 1946. Farm income is ex
pected to be about fifteen percent
less than in 1946.
Nearly all farmers have had sub
stantial earnings during recent
suit of the war-increased demand
years. This has been mainly a re
and rising prices for farm products.
Not recognizing this, many farmers
take personal credit for their finan
; cial success. When the bubble of
false prosperity finally bursts, a large
! number of those farmers will sud
denly face trouble that is serious.
; if not fatal.
Three major perils beset the artifi
cial prosperity of 1946; the rise of
inefficiency; the assumption that
high prices will continue; and the
difficulty of adjusting to past-infla
tion "normal", ι
The margin of profit in most lines
of business was wide during the war.
Farming was no exception. Farm
prices doubled from 1939 to 1946.
Net farm income increased 175 per
cent. Such price increases were
wise. They were a powerful incent
ative to increase production of war
needed food and fibre. Tne efficient
farm operator made nice profits, the
operator made satisfactory profits.
There was a general decline of
"Cost Consciousness" among large
numbers of farmers. Many seem to
luve forgotten during prosperity that
ccsts have a persistant tendency to
remain high long after other prices
have fallen.
A great peril for many farmers is
the tendency to confuse inflation in
come with efficient management.
Many who do not realize that nearly
every farmer has made money during
the past three years, take great pride
in their earnings. These farmers
are reminded that there have been
no foreclosures, no failures, no re
ceiverships. In times like these it
doesn't take an efficient farmer to
keep out of the red. Many farms
that have been poorly managed have
shown moderate net earnings.
Some farmers regard the high I
prices now current as the new "Nor
mal." They seem to forget that after
each of our major wars a price re
action has reduced from profits from
their post war level. There is no
reason to believe that the next few
years will be an exception.
The longer farm prices continue at
the present level, the greater will
be the number of farmers who as
sume that current prices and profits
are normal. Some who operate con
servatively the first few months of
the next year may easily be the ones
to relax their conservatism at
the time it is needed most.
Much of agriculture's difficulty
from 1920 to 1940 was due to the
high indebtedness incurred during
1919 to 1920. Individual farmers
will make the same mistake during
the next year. Long-time mortgage
obligations may easily bring un
bearable annual payments. Charges
of this character require annual pay
ment of a stated number of dollars.
If profits are cut in half, a fixed
annual charge becomes twice as dif
ficult .to pay.
It is impossible to state what will
be "Normal" next year, except th<H
it will be different from the "Normal·,
which prevailed before the war. in
any event individuals and groups
will have to make adjustment to
post-war "Normal." This adjust
ment will probably include a some
what lower level of prices received,
lower profit margins, added neces
sity for efficiency, and occasional
business failures.
Ι O.e. SOLES & SONS
I TABOR CITY
QUICK
AND
FRIENDLY
SERVICE
I YOUR ONE-STOP SHOPPING CENTER
DRY GOODS
Men's
Work Clothing
Hanes Underwear
I Work Gloves
Wool and Cotton
Dress Material
Sun-Dial Shoes
GROCERIES
Plenty of—
RICE
FLOUR
VEGETABLES
FRUITS
MEAT
LARD
HARDWARE |
Baby Strollers |
Reduced from— |
$10.95 ^
to I
$8.95 §
Good Stock j|
of Shelf I
Hardware }'
and Build i η g 5 j
Material ί
Prices Always Right
"TIME WILL TELL
]□□□□□□□□□□□□□□□□□□□□□□[
ANNOUNCING
A special Service to our
. ^ «ρ* li ι, iMirt
Christmas Shoppers!
Come in today and use
our convenient LAY-AWAY
PLAN.
AND"
If desired we will deliver
ycur purchase to your door
or. Christmas Eve Day or
night within the City Limits.
This does not alter our
Regular Lay-Away Plan for
all customers who wish to
pick up purchases at the -
store any time.
PIREWAY
Denr.is Gere of WLr.ington spsi.:
t^e week end he:e with -»i
relatives.
fc <: Λ #
Cpl. and Mrs. ITolar. Chestnut t·
nounce the birth of ; ror. Νον.Ιϊ'.
Cpl. Chestnut is bUti-nad at Fo
Bragg.
ο « a- *
Mrs. Archie Stevens and daugh
ter spent Sunday with Mrs. Stevens
parents, Mr. ar.d Mis. Rhone Can
acy.
$ φ φ «
Mr. and Mrs. G. L. Faulk avid
Cz;e Chestnut were business visi
tors in Columbia last week.
* * * *
A wedding of much interest t
friends here is that of Miss Virg'ni;
Register and V. G. Gore which took
2 Nov. 4th. I-.c o.-de evil
groom are res.dents o*
spent the wtzis. er.ä he.r
inenas.
Mr. and Mrs. \V. a. L.:.. v.·;
OUaineSS WiiO*a -11 VViUU.-iw· —
jay.
* * * *
Fiierds w.ii Oc gi«u .0 ie^-U η -
Mrs. O. J. Sta-.icy is imp.
ter a week's L.ac-a.
WANT AOS
FOUND: A Remedy for Barkache
due to kidney trouble. Try KIDDO.
only 97c. Money back guarantee.
Harrelson's Pharmacy and Prir.ce
Drug Company.
Μ-ss .i.'.A ctar.iey of Wi.-.iing
CcHiC ^ ς. ^
Ls i
P.'orj.p Ty-n
J]c-v -.
DAVIS «.'EWElpy
TAILOR π τν *
Sod
ρ H.t
nvny
iraidsf
f".
16-lndi
little Girl
DOLL. ..4.98
Her composition head tarns
and her lovely long-lashed
eyes move. Her composition
arms and legs are jointed.
HtrEys A4ort~
She Has
Long,
Long ·
Lashes LvO.
17-Inch
BABY DOLL
4.98
Her pretty composition
bead turns and her arms
and 'legs are composition,
too. She has soft carls and
is beautifully dressed.
There's Movement in Her
Pntty Eyes, She Even Hot
a Voice That Cries
Λ
20-Inch
BABY HOLL
5.05
Her iczd, i.:~s an J Up
are corirc.sltion; !::r lylj't
soft and cndiilv. Exquisi·*·
ly dressed.
Little Girl
DOIX ... 2.98
Look at those pretty curls!
She's 16 inches tall and her
head moves. Completely
dressed.
IS-Inseln
ΒΛ91Y »&LL
Such a sv jo, ο, .! Her
head, arms and legs are
long - is taring composition.
Completely dressed.
Ciiilo's
Snow i frrpl
Use this dandy sieve: to
help build sn;-r forts, i
good And sturdy.
A Dmk and PhrUmmf
AH fa Om
U&ips *Em Uarm ami k
Lato of Fm
-Λ ^
Forty-three inches high
bae~a natural waahable fin·
Almost sixty 4
blocks, all in dlf- _ _
ferent colors and 1·"ο
sizes.
BATTLE Ν
PUM
Uil
Ooiort map ßwadl A
m for tb« M*
FIRESTONE STORE
. Dicus-Fowler Company
Opposite Bost Office Tabor City.
J.P. DICUS Owners G. G. f''1 ^