Newspapers / Oxford Public Ledger (Oxford, … / May 22, 1953, edition 1 / Page 8
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HOUSING PROBLEM IS GIVEN CONSIDERATION JL By ROC HR BABSON NEW YORK CITY. May 21. — Many of my readers fear that if rents are decontroHed In certain areas where they are still under control, rent prices, like the prices of coffee, will skyrocket. I don t believe this will happen today. Htte's why. Rental Trends Ever since 1M0. fewer and fewer rental units have been constructed Fifty-five per cent of aH housing units now In existence are owner occupied. compared with a *5 per ent home ownership Just before World War n. This trend has In creased even more sharply in the WE DO NOT CLOSE Wednesday Afternoons CARRtNGTON SUPPLY CO. v last three years. So that in 1931-52 only i2 per cent ot the new hous ing starts were rental units) Despite the (act that new rent ats have decreased sharply. I be lieve the supply will be sufficient to satisfy demand and. therefore, keep rental prices down. My rea sons for this belief come from the fact that the building market since 1946 has been an ownership mar ket. The desire for ownership is in herent in democracy, ft has been simulated by such factors as (1) the high income levels of the war and post-war years. (2) the accel erated rate of marriages due to war. (3) the desire to "undouble" and have a home of one's own af ter the war. and (4) the threat of atomic warfare and industrial de centralization. causing a shift to suburban living. Housing Demands and The Business Cycle Full employment and high wages go hand-in-hand wtth new hous ZEN!TH ADM!RAL HARRELLS RAD!0 AND TELEV!S)ON RCA MOTOROLA Yaw i! ntaka a hit with a DIAMOND from Goo. Currin Ifherringistobeasur prise you arc bound f to be right with an 1 Orange Blossom. H Iheir reputation for R beautiful styling and R fine quality is gen R erations old. Iheir R costisnomorethan 3R ordinary rings. CEO. CURRiN JEWELER Dial 5538 Oxford, N. C I ' ing starts. Barring war. we may have reached the peak of both the employment and the building boom New household formations, due to marriages and setting up of Inde pendent family units, remained far ahead of the residential building rate from 1930 to 1950. with Hew housing starts about four and one half million behind family starts However, since 1946. new housing units have been at an average rate of one million per year. and. for the last three years, there have been more new housing starts than new families. The demand for new homes could soon taper off because of the low birthrate that prevailed from 1930 to 1936 It Is these few depression babies who are now approaching marrlagable age. This factor, plus the return to business normalcy (lessened demand for goods, lower wages, and less employment), could ease the housing situation. Rental Coats and Decontrol While the earnings of most In dustrial workers have risen over 300 per cent since 1935-39. rents for moderate-income families have increased only 40 per cent during these years On the other hand, prices of many other commodities and services have increased about 100 per cent. Monthly middle-class rentals in fourteen leading metro politan areas averaged 993 in 1930. Today the average is $100 With av erage rentals of 9100 and average annuai incomes of 95.000. renters are paying about 24 per cent of their gross income for housing This is a fair percentage. The group that might feel the pinch most if rent controls were lifted in restricted metropoiitan areas wouid be the lower-income city dweilers. who pay about 15 per cent of their gross earnings of 93. 000 to 94.000 on contract rent. In nine cities, decontrolled in 1950. gross rents increased on an aver age of 15 per cent by 1952. City Versus Suburban Renta Suppose that controls were lifted in presently controlled city areas Harris SOY BRANS you need, then the place in is Carrington Suppiy Co. They have large stock of highest quality seed at reason abie prices. Carrington SUppiy Co. M I tf Wt'ii b# gtod m r#)t y?u fww folev# money on your fir# imurant* tort*. J. M. Royster's !n$uronce Agency Dia! 3093 Oxford, N. C. NORTHWESTERN mow Oxford Loan & Real Estate Co. ^EXT DOOR Tn "M" MMM, Mg SBE. ^ <* fHMus M" MCMM E!NAUD! RECE!VES ENVOY LUCE CLAM gOOTHt tUCt, new U S Ambassador and the first woman envoy to Itaiy, ta greeted by Itatian President Luigi Einaudi at Quirinai Pal ace in Rome Mrs. Luce presented her credentials to the ailing Itaiian president in a brief otHcia] ceremony. (International Radiophoto) and rents did go up 13 per cent, what then? This wouid bring rent als for low-income city dwellers up to about $30. Since landiords can not afford to build houses to rent for even $30 per month, many will move to the suburbs and buy a smail house. Hence, the demand for small su burban ownet^hip homes might re main high, with as many as could afford it moving out of the largo cities to live in their own small new houses. This, in turn, might leave more rental units available in the cities. As more such rentals be came sub-standard, city rental prices could even decrease and would, therefore, be little affected by decontrol. Suburban rentals could, however, be expected to hold their own and. in some areas, in crease slightly, as long as business noios to present levels. Sgt. BreetMove Returns to Duty t —.— WUson Day Injured m Farm Accident—Other Salem News Items SALEM. May 21—SBgt. and Mrs. Thomas Breedlove and daughter. Betty, left Tuesday for Mexico. They have been here for two weeks with Mrs. C. J. Breedlove and Mrs. Creighton Daniei of Stovall. They like their assignment in Mexico. Mrs. N. C. Gooch is spending some time with her daughter. Mrs. S. W. Knott, in Henderson. Mrs. Ciaudia Burnette, who passed away last week, had been stying with Mrs. Gooch at her home in this community Mrs. Phoebe Hart of Oxford, spent last week with Mr. and Mrs. Luther Frazier. Craven Hughes of Greenville, has been here helping put up buddings on his father's farm that were lev eled by the recent storm. Mr. and Mrs. George Barnes are adding a new room to their home as they expect a June wedding in the family. Mr. and Mrs. Waverly Critcher spent Sunday in Durham with Ha< reil Critcher and family. Wilson Day is walking on cruth es following an injury to his font sustained while repairing a build ng on his place. Miss Joyce Yeargin of Richmond, spent the week-end at her home. Miss Sara Crews and Miss Becky Hart share honors as seniors who are graduating from their respect ive schoois soon. Mrs. Fannie Critcher spent the week-end with Mr. and Mrs. John Mangum near Knott's Grove. Mr. and Mrs. Frank Walker and. children visited Mr. Walker's par^r ents near Gorman fpr the week end. Judgments Given tn Recorder's Session Judgment was given in several cases tried tn recorder's court here Tuesday before Judge Joe E. Boul din. Line E. Henderson, adjudged guilty of issuing a worthless check, was given a 30-day road term, sus pended on condition that he pay. the costs and (33 to the use of 8. T. Cottrell. Bobby Boyd. 17. colored, paid a fine of (10 and costs for assault with deadly weapon. Julius Cosart. 19. colored, paid a fine of (10 and costs for assault with deadly weapon. Effian Martin. 19. paid a fine of (25 and costs. He was in court on charges of being drunk and disor derly. Harry C Myers paid a fine of (10 and costs for speeding 63 miles an hour. Juniuus Wood. 23, Negro, paid the costs in an assautt case. Costs were paid by Mrs. Lottie Parrott, who piead guiity to per mitting an unlicensed person to op erate a motor vehicle. Paul Kindsay Hayes. 42. white, paid a fine of HO and costs for driving without an operator's li cense. James Shoffnerl 31. colored, paid a fine of HO and costs for driving without an operator's license. Shevwtn WUthune Putnte at few Law Prtees Now—Toa can pata the average house for SSO.M—* coats too. Let Samuel Darts Haro wart figure with you on that paint and 1AVE. SAVE. SAVE) O M ea frt tf Doctors Report Mew Retief for Chronic, Harmfu! Constipation MAY REH *CE ALL PRESENT LAXATtVE METHODS Science ban won its tong tight to bring aafa. sane reiief to miiiiono. Amazing now for hg^it forming, fn tabiet form, aanaationai impound act- in the intestines. Lubri cate- and protects sensitive t issuea. Sooth ing. jeU-ifhe aoiution ia released. Safety aoftena a!t hard, stubborn aubatance. (pentiy moves it on to pleasant, heatthy eiimination. Entirety free from harah, purg ing Action. Proved beat, even with bedrid den cases. Remarkable formula, called INERGEL. now available at HERRING A WILLIAMS James Boykin paid a fine of HO and costs for speeding 65 mites an hour. Egg Production At New High in Apri! Farm Hocks in North Carolina' produced t45 million eggs during ! April—a new record high- output for j the month. Production during April was one million eggs above that of April. 1952. and compares with the 1942-51 average for the month ot! 134 million. The average number of layers on North Carohna farms durtng the month was 8.395.000—slightly less than the 8.412.000 layers on farms a year earlier Rate of lay per 100 layers at 1.728 eggs compares with an average of 1,716 eggs per 100 layers realized in April 1952. During the first four months of 1953 North Carolina flocks produced 530 million eggs. 20 million more than were produced during the same period a year eariier. The United States has 13.8 cow* per 100 people. ADMMAt Moon acwn r'" 30" wid. "*"a< tight. ' ""**<"ttft-in J ^"-Width „. ^p##dv r ^ow A TREMENDOUS VALUE AT THtS LOW PRtCE! Hfeiv ^ 30 X99Q35 AUTOMAT!C ELECTRiC RANGE !)< today! Chooso from 7 brand now Admiral Elortrir Rang#!. Pritod a; low a: $159.93 NOBODY... BUT NOBODY... UNDERSELLS OXFORD FURNtTURE CO. 103 CoHege Street Dia! 3334 Oxford, N. C. WHAT DO YOU WANT TO KNOW ABOUT BANKtNG? M*{4.^d6 MLMa'i'H j(/[^g!2. ? YES. We suggest that you use Traveters Checks, available at our bank in convenient amounts. They cannot be cashed until you countersign them; and your money is re funded for any uncountersigned checks you may lose. These checks are inexpensive, too. Avoid the dangers of carrying cash when you travel—get Travelers Checks at our bank. / UNION NATIONAL BANK OFFICERS J. F. Harris .........President J. H. L- Myers.Vice-Prea J. P. Harris, Jr.Cashier Lucy P. Murray Aast.-Cashier Oxford, Worth Carohna DIRECTORS D. T. Currtn J. H. L. Myers Dr. W. N. ThomM J. P. Harris L. H. Davis Melvin Currin A H. A. WiUiame
Oxford Public Ledger (Oxford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 22, 1953, edition 1
8
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