Ijhere is general agreenien’
among economists th :t busines:
activity fvilJ be vi rv ! ,i ;n early
1353 with some ol the loading
business indexes establishing ivw
fecoid highs in both the lost one
second quail *:>• Th*-:e appan at
’v Jess as,.< < .. , - ,
when they will u (hen
and either level off or start dip
ping downward s ha
slight slipping T . be«..
J iii the third quarter, whereas
j'.t.-eis think it will not come he
.o:, tlie 1 urth quarter of 1953 or
j tin.’ first quarter ol 1954. The
| United States Department of Ag
; ricu’t are estimates presuppose
net the peak in general business
e"\i?\ will come in the third
! qu. ; ler of 1953 and that only a
ry Oight dip will be evident in
in" fourth quarter.
L> n.astir demand fhr farm pr >
i- evpeet* d to continue at a
■n.yit level during most ol 19.33.
N,.-.onai employment may con
1 tiniu to increase moderately and
ifit.-''■ •.!.« anoino will he higher
foreign demand rm u. b. farm
products—an important segment
"f demand, particularly for such
products as cotton and tobacco.
- likely to be substantially below
H*52 levels. Several factors are
contributing to this reduced ex
port demand. Among them are a
.general increase in foreign sup
pits of wheat, cotton, and some
1 rails. Also, the continued tight
dollar situation will reduce Am
oi icon sales to some countries that
ii' nually are important customers
for American farm products.
They, as well as other importing
eoimtries. are taking advantage
of which are also cheaper than
American products.
h growing conditions are about
i verage next year, the volume of
n marketings in 1953 may be
large or slightly larger than
in 1952. However, with slightly
lower farm prices in prospect as a
result of heavy marketings of
some products—for example, cat
tle and some slackening in the
over-all demand for farm predu
ucts both cash returns from farm
mm ketings and gross farm income
an likely to be slightly below
1952 levels. Commodities for
which cash receipts are most like
ly to be higher, according to the
Kunau of Agricultural Econo
mics are dairy products, chickens
and eggs, corn, and oil-bearing
crop- Receipts are likely to be
smaller from wheat and tobacco.
Pit sent indications are that
cash returns from farm market
ing in 1953 are unlikely to ex
ceed this year's expected level of
$33.5 billion and are more likely
to bi slightly smaller. In addi
tion to the cash receipts, gross
farm income also includes the
value of home-consumed farm
-products-, the rental value of farm
dwellings, and Government pay
mint to farmers. These other
iten m gross income probably
will be about as large in 1953 as
in 1952 Consequently, gross farm
income appears likely to be only
moderately under the estimated
1952 level of $37.(i bilion.
The total cost of farm produc
tion has risen in 13 of the past
1-1 years and is expected to rise
again slightly in 1953. {This in
crease m expenditures will result
both from higher prices of the
things farmers have to buy and
from larger quantities bought. No
crippling .scarcities of the typi
that would cut farm production
are anticipated, although win
fencing is likely to continue scarct
through most of the next year.
As a consequence of the slightly
reduced farm income and slightly
higher production expenses, net
farm income may Ire about 5 per
cent lower in 1953 than the $14,2
billion expected for 1952. In view
of thi e; pceted further small in
North Carolina 4-H Winner Honored
Thomas H. Young, director of adv -; fur United States Rubber
Company (left), congratulates Ann Lyon M Into -h of Creedmoor. North
Carolina, one of twelve national ^’if'hcrs of : Na’ional 4-H Rcoi v*a1 ion
ind Rural Arts Program at a recent “Sha.t; T; ■ Fun" breakfast in Chicago.
More than 700 persons, including state and agi unilhua! extension pei snnnel.
were guests at the breakfast given in honor of the winners by U. S Rubber
Company, awards donor. Ev6Bt was rvar4 n' hr* 31st National 4-II Club
Congress.
\IK>I VN
Julius Wade (Jerry) Fore
hand, an Enterprise employee
before entering the service a
short time ago, is completing
his basic training at l.ackland
Air Force Base, San Antonio.
He is the son of Mr. and Mrs.
T. E. F'orehand of Williams
ton.
• cm*** in prices paid by fanners,
indications arc that the sna/lcr
icalized net income in 193 will
have the smallest purchasi ig pov.
er of any year since 1941 aid only
about one-third more th n aver
I age during the 5 years 19)5-39
The high level of don cstic dr
rnanri lor farm products mnei ally
will he a vei y favorahh factor in
the Fifth District. Prospects an 1
for substantially small* i exports
of both cotton and Utbai but d<
I spite the lower export demand, d
appears that both crop: will con
tinuc generally profitable Toha.
co acreage will be re need sin
stantially in 1953 as a i uIt ol tD
smaller 1953 acreage llotnienl
for flue-cure tobacco. It is to I
expected that income in lluecun
tobacco areas will declim , sin
most farmers will be unable to
niakc other change in their tarn
busim - which will offset tin
Cuttoii acreage will he unenn
t> "lied in 1 half and I he pile, will
be supported at 90 percent of par
ity Present indications tire that
the carte over next August 1 will
hi smm one-half million hale.
Tarta r l han in 1952
. The increase in national eatth
si. uglitci in 1953 is expected h
push total meat production mod
cratch above that in 1952 despitt
the expected shsht reduction it
Bog stiiuuhterr- Heavy fnarketnvgs
ol i 'ttli m 1953 may force somt
tui tin i reduct toil m prices lot
live animals. The abundant'., ol
beet will tend to prevent any
i tie lease m Imp prices and may di
pj iv lamb priei s moderately
Consumer demand for milk wil
continue at ;i high level durtin
19VI. and until the 1953 pastma
si .on begins, prices will reman
above the levels of corn ipondint
months of this year. Dairy farm
e; nil continue to feel the cost
pm. squeeze, however, and wil
tints he undo pressure to met cast
production efficiency The BA1
foresees a mot e favorable out loot
fin egg producers than a year apt
[but expects possible further tie
a• in profits for broiler produe
• Iiilview of (In outlook for Ini
Miter slit inking of net lartn inennu
n 1963, 1 11 tilers ai e under men.a
d pressure to reexamine then
lartn business for opportunities h
ticvease pmduction efficiency
For some y. ars now. farmei s have
been men mg t heir product ion
■ffieieney m tei nr of output pet
icre, pet animal and pel man.
Much ol tin increased production
ffieieney that lias been achieved
has come about by the siihstitu
tion m tin pmduction pmccs. ol
in inereasim tmount of goods and
erviees pi educed off the farm
aid thereby involving cadi ■ \
iientlittii i .
Indication are that ovei tin
oast several years, tin farmers'
I verage ea cost, ol pmduetion
t»er unit of Inrm product ha tend
dt. i in tobacco ineom
[<■(( to increase, oven when an ad
ijusiment is made r.ir the effect ol
I pi Ha increase*. [n fact, one analy
sis indicates that the "increasing
t 11 ii lencies about which wo talk
increased.yields per acre and per
animal unit and increased output
per man -have been achieved in
part h\ the substitution of almost
13 percent more off-farm yobd
and services pi r unit of farm pm
I duetion."' This increased eom
! mereiaii'-eition ol lyrieillture is.
‘ .jvf.Uw*..1 m th( higher
! e.i.sh cost ot C;,rin production and
| the more than doubling ot farm
| debt singe 194(1
oS\ i‘v ' f f VlVi li'J,
i rapidly from slump
..
f /9S3 i n
g: May a wealth *
§ of happiness lie ahead.
Clark s Pharmacy
W i!iium»ton, V (
PWM.1W " J'J
*w::
BELK — TYLER’S
4
If
G<W
SEVEK
00 I *roo I ?
i $2.30 Pt.
4-5 Quurt — s:u,r>
/// ‘‘ef
*******
, 90 PR oof
'•"im*,,..-•••*'
BLENDED WHISKEY, NEUTR*
cnODE8HAW i WORTS LKi
SPIRITS DISTILLLD I ROM GRAIN
ITEt), PEORIA, ILLINOIS
i <
(onnly V omif! Men Join
The l . S. Hr force
-<•
Th11‘ • Martin County voung
men, Hubert B. Stvon of James -
vi11■ ■. Joseph Daniel Robertson of
Williamston, and Clifton Lee
Crawford of Rohei sonville. re
cently joined the U S. Air Forte,
according to T Set Elmo Lt Biane.
Ideal reeruitei
These men are now taking basic
training at Lackland Air Force,
San Antonio, l'"\,o f'pon nan
pletion of fla ir !, si, fanning they
Will be assigned, to one of the
many L ehme. l schools ot the Air
Ait Von < an. ts no pi;, i a. nr
I back i>r "sii etch-out
I"
MOUNTAIN
RIDGE
STRAIGHT BOURBON WHISKEY
$465 I $230
4/S Quart *** Pint
;• ><1F
*»»■•«» '
K)«K»0’*
Raliru (nr '‘Hot Rod”
l.i Roller (An* Full*
Oakland, Cal.—A police car—
with a policeman inside—became
a hot-rod in the strictest sense of
the word recently, when a wind
storm threw a broken power-line
canym:: 2.300 volts, across the
automobile The officer, Chas.
Woodworth huddled on a cushion
and radioed for help. A power*
company emeigency crew wa $
sent to cut the line,
MAKES AWFUL FACES.,
BUT SHUNS OUR GOOD
i
BAKES OIL COMPANY
May success and happiness be your
comoanions on'the road ahead.
Harrison Oil Co.