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.