North Carolina Newspapers

    Greetings
L S. KEUUU6H & SOI
Welders
Miscellaneous Iron Work
415 East Seventh Street
Phone 2-020S
CHARLOTTE, N. C.
Best Wishes
R. P. STEFFEY COMPANY
General Electric Home
Appliances
116 West Fourth St.
Dial 2-5104
CHARLOTTE, N. C.
Greetings
SHIP-AHOY RESTAURANT
“Charlotte’s Leading
Restaurant"
117 West Trade St.
Phoue 4-2671
CHARLOTTE, N. C.
Greetings
W. 0. Jarrell Machine Co.
Expert Acetylene and
Electric Welding
1200 South Mint St.
Dial 3-7189
CHARLOTTE, N. C.
Compliments of a Friend
CHARLOTTE, N. C.
BRYAN WENTZ CO.
“Clothing For the Man’*
205 So. Try on St.
Phone 4-8669
CHARLOTTE, N. C.
Goodyear Paint & Vanish,
Incorporated
300 Atherton St.
Phone 5-5775
CHARLOTTE, N. C.
Rest Wishes
Parker-Gardoer Compaoy
Pianos, Phonographs
Accordians, Records
Sheet Music
118 West Trade St.
Phone 8257
CHARLOTTE, N. C.
Greetings
HARTMANN'S MARKET
QUALITY MEATS
1406 W. Morehead St.
Phone 2-6171
CHARLOTTE, N. C.
Your Business Appreciated
Charlotte Waffle Shop
521 West Trade St.
CHARLOTTE, N. C.
THE REAL MYSTERY
OF THE PYRAMIDS
Engineers marvel that a structure of
5,750,000 tons (18 times the weight of the
Empire State Building) was ever con*
structed with mere muscle power.
, Yet, with their thousands of slaves, the
Pharaohs had less energy at their disposal
than is generated today, in many instances,
by a single power plant
The Duke Power Company has under con
struction facilities that will bring power
capacity of the system to a total of 1,140,*
000 kilowatts . . . and is extending power
to new users as fast as equipment essen
tial to distribution is available.
DUKE, POWER COMPANY
wmy th /vutnumi Caxo&uU. a
“No Depression This Year,” Says Babsoa
Roger Baboon says we will
have the depression, but not this
yew. In one of his articles on
the financial pages of the big
dailies, of recent date be led off
with the following:
“Back in the early thirties I
heard Will Rogers say that the
United States was the only nation
that ever drove to the poorhouse
in an automobile! We will have
another major depression some
day, but not this year. Moreover
when it does come we will not
drive to it—at 70 miles per hour
—like we did in 1929. We will
walk into it gradually, step by
step, over the next two or three
years, unless we have war. Po
litically. I believe that it might
be good policy on the part of the
Republicans to let the Democrats
win the national election in 1942
and inherit an era of depression
like Mr. Hoover did in 1928. The
Republicans missed the chance of
a lifetime in that presidential
election by not letting A1 Smith
win—the depression."
Now. Mr. Babson is a very
cautious commentator, and does
not always agree with others in
his profession. You can see his
Republican leaning by telling the
Big Boys to let the Democrats
win the national election in 1952
and inherit it—the Depression.
He goes on to say:
“The pouring out of billions of
dollars to keep communism in its
own hack yard will ultimately
reach a day of reckoning when
our books must be balanced.”
Mr. Babson is fair enough, in
closing his article, to say:
"On the other side of the ledger
in and spite of all the above, our
present fundamental economic
structure is sound. There is an
abundance of money and credit
facilities. Our banking institu
tions are stable and satisfactory.
The government will spend around
$42 billion in the year beginning
July 1. The farmers still have
fair price supports. The chances
are that taxes will not be in
creased this year. The admin
istration and Congress are fully
aware that business must not be
hindered, but encouraged this year
if they want to hold their jobs.
Propped-up prosperity will pre
vail for the rest of this year
amids readjustments. There will
be no major depression in 1949.”
Labor leaders, and the workers
in general, would find it enlight
ening to pay more attention to
the financial pages of their big j
dailies, than to the Sport p^rs. i
They will find the stock quota-;
tions not dry reading, and the!
dividends declared by the Big
Boys—that are “going broke”—
of much interest. Many of the
financial commentators see the
gradual downward trend. When
you read Lewis M. Schneider’s
Trade Winds in The Observer,
same issue, you will find a trend
running thusly:
“The crumbling process will not
continue every day. There will
always be technical rallies. Bat
the trend arrow points down.
“Lower prices increase dividend
yields. But will present dividend
rates be maintained? The action
of ‘blue chip’ shares show doubt
on the part of wealthy investors.
“Brokers admit that most in
formed investors currently prefer
a liquid position. But noDody ex
pects a 1929-32 depression to re
peat. There’s no need to fuss
and wonder why prices are going
down. Disturbing economic fac
tors warrant the slump—as al
ready reported here.
“The postwar deflation is def
initely under way. Durable goods
sales — autos, steel, farm equip
ment, etcs.—have joined the de
cline started late last year in
radios, textiles, shoes, tires, etc.”
And in the meantime Wall
Street and its stock markets see
stock staking new low tumbles,
some going back to a pre-war
basis, but coming back again, to
a degree, all of which lends to a
feeling of uncertainty and uneasi
ness—but, they say, we are going
to pull through all right. So we
will just sit still in-the boat, and
try to ride the storm out. 1
—_
19% RENT BOOST ALLOWED
ON 88,608 RENTAL UNITS
Washington. — Landlords are
getting a break under the new
Federal Rent Control Act of
1949.
Tighe E. Woods, housing expe
diter, reported that in May and
June 50,762 landlords’ petitions
were granted, increasing rents on
98.608 rental units. Rents were
increased an average of $6.50 per
month per unit, or about 19 per
cent, the announcement said.
Sixty per cent of the increases
were granted on grounds of ex
penditures by landlords for major
capital improvements and in
creases in services. Forty per
cent were granted as hardship
and inequity relief.
In the same two months, area
rent offices handled 83.665 com
plaints from tenants. In 29,969
cases where violations were dis
covered, compliance was obtained.
There were 11,871 overcharge
cases in which landlords were re
quired to pay $949,576 in refunds
to tenants and payment to the
federal treasury.
Also, there were 12,121 cases
in which the landlord had reduced
essential services and were re
quired either to restore the serv
ices or reduce the rent.
More than 20,000 certificates of
eviction were issued throughout
the country in the two-month
period.
CITRl'S PRODl'CTS VOTE UNION
HAINES CITY, Fla. — Em
ployees of the Sunny Citrus Pro
ducts Company recently voted in
an NLRB election to authorise cit
rus workers Local Union, Haines
City, to represent them in collective
bargaining by a vote of almost 8
to 1. ,
Greetings
LINCOLN THEATRE
H. A. Platt, Mgr.
408 East Second St.
Phone 3-5907
CHARLOTTE, N. C.
I
Greetings
MeckMirg Packing Co.,
Incorporated
Custom Killing for the
Public. Slaughterers and
[tenderers.
PineviUe Road
Phone 4-6441
CHARLOTTE, N. C.
I
Airport Park
Brill the Kiddies and Eajoy if ourself
WILKINSON BOULEVARD
CHARLOnE, N. C.
YAHDLE-WEATHERS, Inc.
“A Honelike Mortuary”
AMBULANCE
820 E. Morehead St.
Phone 6129
CHARLOTTE, N. C.
R. A. Pitts Sertice Statloi
219 West Fourth St.
Phone 4-1738
CHARLOTTE, X. C.
Greater Charlotte Street
& Business Glide
HALL & COMPANY *
603 Independence Bldg.
Phone 2-5551
CHARLOTTE, N. C.
White Auto Body Works
523 W. Fourth St.
Phone 3-4509 ^
CHARLOTTE, N. C.
PINECREST FLORIST
Lawyers Road
Phone 48-7442
CHARLOTTE, N. C.
Compliments of
DONALD’S TRIM SHOP
420 Norwood Drive
Phone 3-4490
CHARLOTTE, N. C.
FIVE POINT CLEANERS
1809 Rozzell’s Ferry Road
Phone 4-2250
CHARLOTTE, N. C.
Best Wishes to Labor
Tip and Nesbitt’s Orange
TIP BEVERAGE CORP.
1127 So. Mbit St.
Phone 3-8460
CHARLOTTE, N. C.
HOSKINS DRUG CO.
3626 RozzelTs Ferry Rd.
Phone 3-5174
CHARLOTTE, N. C.
HAMMETT USED CARS
4116 Salisbury Rd.
Phone 9232
CHARLOTTE, N. C.
Fire, Extended Coverage,
Inland Marine, Casualty
Insurance and Surety
Bonds.
H. F. DARSEY
118 Latta Arcade
Phone 2-4461
^CHARLOTTE, N. C.
J?_
• WurliTzkr
lanos
Best Wishes
BELL BREAD
2237 Dowd Rood
Phone- 3-8451
CHARLOTTE. N. C.
C B DRUG COMPART
222 South College St.
Phone 2-2583
CHARLOTTE, N. C.
Greetings
CAROLINA PHARMACY
Phone 3-2812
401 East Trade Street
CHARLOTTE, N. C.
Greetings
Mi Croslaid Company
REAL ESTATE
Industrial Bank Bldg.
Dial 3-8849
!
CHARLOTTE, N. C.
E L Feeley Company
Dyestuffs & Chemicals
121 East Boulevard
Phone 3-8865
CHARLOTTE, N. C.
I
I
i
4
*
Compliments of
HEATH MOTOR COMPANY
t
318 West Fifth Street
Dial 3-6658
CHARLOTTE, N. C.
Reit A Car or Truck
Drive It Yeurself
A fleet of new automobiles
at all times. Trucks, all
capacities rented or leased.
Charlotte
Car Rental Service, Inc.
411 North Tryon St.
Phase 5-5969
CHARLOTTE, N. C.
Johnnie Blackwelder's
BARBECUE
f Air Conditioned)
Open Daily
7:00 A. M. to 1:0d A. M.
Barbecue, Steaks, Bruns
wick Stevtr, Soup. Chicken
and Sandwiches of all
kinds. Curb service.
2721 N. Tryon St.
Dial 5-3567
CHARLOTTE, N. C.
SOUTHERN METALS CO, IRE.
i
224 South Graham Street u Phone 3-5525
CHARLOTTE, N. C.
FINER FURNITURE AT BETTER PRICES
Goines
Furniture Co.
OPEN NIGHTS EASY TERMS FREE PARKING
Eleventh & College Sts. Phone 5-3539
CHARLOTTE, N. C.
    

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