Newspapers / The Sylva Herald and … / Dec. 29, 1949, edition 1 / Page 8
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Pace 8 Babson Sees (Continued ferom page 1 j prices during 1950 will vary with different groups of industries and of products, but altogether there will be a general lowering during 1950. 8. We, therefore, advise going easy on inventories. 1950 is a time to get out of debt and stay out of debt. Speculation in commodities should be discouraged in 1950. 9. We believe that the cost of living index has turned down for the present. The average of 1950 will be less than for 1949. 10. Practically all retail prices will aVefage less in 1950 than in 1949, notwithstanding the excess of money mentioned under 27 27 and 29 below. FARM OUTLOOK 11. The total farm income for 1950 should be less than that of ao4Q mMns lower nrices on *919) W ?A?V4? - ? 4 the average for wheat, corn, pork, poultry, eggs and certain dairy i products. Farmers should diversify! more in 1950, get out of debt and put their surplus money into savings, in preparation for the next crop failure. 12. The supply of certain canned vegetables and fruits (except ci-| trus) should be greater during I 1950 than at the same time during 1 1949. The prices of these products j should fall off, barring some weather, insect or blight catastrophe. 13. Poultry and dairy products will especially increase in volume during 1950 with prices averaging less than in 1949. 14. Farmers will continue to work to hold present subsidies. It is popular to criticise the vast amount of crops which the Govern- I ment owns or is making loans on, "but this surplus in storage may be| a great blessing when the next] crop failure or war comes. TAXE8 | 15. The Federal Budget will be increased during 1950 over that for 1949. 16. Over-all Federal Taxes will not be increased during 1950 and there may even be some readjustments to encourage venture capital. Moreover, some of the nuisance taxes may be eliminated or reduced. 17. The long-term capital gains ORC7- iifill romoin itn/iVianffA/l U1A Ul ?I?I /O will itiuaui uuv.uui>evu. 18. There will be many increases in local and state taxes, and more reaching for relief by "sales" taxes or other forms of raising needed funds. RETAIL TRADE 19. Goods on counters will be of better grade in 1950 than they were in 1949. 20. Markdown sales will continue during 1950 as consumer spending slackens due to a decline In employment and other factors. 21. The dollar value of all retail sales in 1950 will be moderately downward, and the unit volume of retail sales will also be less in 1950 than in 1949. 22. Less will be spent on new building and equipment by stores and factories during 1950. FOREIGN TRADE * 23. Our exports will be down during 1950 and our imports will be up during 1950, - comparing both with 1949. This will partly be accounted for by the devaluation of the English Pound and 'other foreign currencies. 24. Foreign iredits will continue to be granted during 1950, but itrill rliropf VtV ItUIIiC Ui meat win UC vm Wk American business firms and investors. If our Government will get foreign governments to agree that such investments will be exempt from any new tax or other legislation by the foreign country in which the investments are made, considerable progress would be noticeable along foreign trade channels. 25. American interests will have more competition from foreign producers of . haw materials and of manufactured goods during 1950 than they had during 1949. This will benefit some American concerns, but be harmful to others. 26. Fear of war with Russia will continue during 1950. World War HI will come sometime; but it will not start during 1950. Those in large vulnerable cities should use these years of peace to get some small farm or country home to which they can go in case of war. Such places will be almost unobtainable when war actually comes. DEFICIT FINANCING 27. The supply of money will be Increased during 1996, but the price of Government bonds will not change much one way or the other during 1950. 28. In addition to the anticipated Federal deficit the $3,000,000, 000 being distributed as insurance refunds to veterans will be mostly apent. 29. Congress will not change the 1 > Decline price of gold during 1950. STOCK MARKET 30. Most stocks will work up and down in about the same range during 1950 as 'during 1949. 31. Stocks of companies with assets mostly in natural resources, known as inflation stocks, should have the greatest demand. 32. There will be more investment buying for income during 1950 and utilities and companies making labor-saving machinery may be more popular than other industrials or railroads. 33. The wisest investors will keep a fair amount of their funds liquid throughout 1950 pending the great break in stock prices which will come someday. BOND8 34. High-grade taxable corporate bonds bearing low coupon rates should continue at about the same prices during 1950, but of course, they will sell for much lower prices when money rates increase. 35. 1950 will see a further fading off in certain tax-exempt bonds due to the new Housing Authority Obligations to be issued during 1950. 36. The Federal Reserve will continue during 1950 the same t general policy which it followed in 1949. 37. The importance of diversi-*fication will be given more attention in 1950 and wise investors will watch their bond maturities to see that they are either short or systemtaically staggered. REAL ESTATE ] 38. The city real estate outlook | is uncertain. It should continue to , hold firm throughout 1950 c^ie to j less available rental space caused ^ by pulling down old structures to save taxes and to provide parking spaces. Owing to high costs and the fear of World War III, there j j will be little inclination to build j new city property. On the other | hand, the continual movement out of our large cities - in the interest i of decentralization - may cause , prices to soften. ' 39. There will continue to be a fair demand during 1950 for sub- , urban real estate with a shading , of prices for large places; but the | residential construction boom should continue well into 1950. 40. The demand for large com- ! mercial farm acreage will be less during 1950, but small sustenance . farms, especially those located , close to established communities, will hold up and, perhaps, increase . in price. 41. There will be some decrease during 1950 in industrial and private building. The cost of such building will decline a little and , the quality of workmanship will improve. There should be an increase during 1950 in publicly financed building. 42. There will not be much . change in business rentals during i 1950 but residential rents will av- ( | erage higher in 1950. Only as property owners are granted higher i rentals will there be more houses , built for rental purposes. 43. Mortgage interest rates during 1950 will continue about the same as during 1949. 44. The growth in industrial pensions should help real estate sales in Florida, California, New Mexico and Arizona. GENERAL BUSINESS 45. Many business concerns find ! their operations sliding down to-j ward the break-even point. There1 will not be as much margin between costs and selling prices dur- , ing 1950 as during 1949. Unem-| ployment will gradually increase j due to the installation of labor I saving machinery and other caus-i es. 46. Military preparedness will continue to bolster general business and employment during 1950, but this is not a healthy development. 47. Excluding Government owned commodities, the physical stock piles of manufacturers will remain about the same during 1950 as during 1949. POLITICS i *8. ivou win de an election year, i The Republican Party will remain , in the doghouse. The Administration will continue to talk radically against Wall Street and the socalled "Seilibh Interests", but atl heart the Administration will be fairly conservative. Its bark will be far worse than its bite. 49. The Administration will continue to be sympathetic to organized labor unless someone like John L. Lewis goes too far. In that event, such a man will be i made the whipping boy, but with ( the consent of other prominent | labor leaders. 50. The Congressional Elections of 1050 will not change the politi- ( cal status of Congress to any great I extent. J THE SI SHIRLEY GETS D K '^SSh^kSI : :iP SRSB ;i W^mBm I ^K; i ri ; [:.!: - J;\ j ||,:j, Mi y'i ('<!!' i j!\i, H : i-:' --M'1') M ? -;!^!l :1 !: ; H H? : Bil -:r!K- !J^:i':jnf]:hv;;';M^| I H^iPiiiliifl i hi- . wfr y ^^Kv^^v,.;.x^:^;.;>.v.;^.;.t.f?g5? 291 IK|PR|hfc. it . . - - - .-.<-v- ....'< ' v/.-s.'...-.::' ' .. ENDING WHAT HOLLYWOOD considf actress Shirley Temple signs final c Agar in a Los Angeles Superior Cour and standing is Attorney George Stal NEW YEAR'S DAY - (Continued from page 1) i isking for "eats or money, sing- , ng: J Uet up, good wife, and don't be lazy, \nd deal out your cakes and cheese while your'e here; F'or the time will come when you'll be dead, 1 \nd neither need your cheese nor bread. There were also many strange 1 superstititions connected with New Year's Day. It was considered* very unlucky for any one to go out of the house until some one had entered it. In Lanashire it was very bad luck for a person to give another a light on New Year's morning. In the Isle Of Man the first person to enter a house on New Year's Day was called the qualta rrU T4 kn uioro a Horl? man nA JLX AAw TV WA w u UUAA Ai&ai*) aiv I matter how ugly he was, he would | bring good luck for the rest of the year; but if a fair man, no matter how good-looking, he would be the bringer of all sorts of misfortune. Like St. Valentine's Day, New I Start The Net ( Subscribe To The 1 > Up With Count } ONLY $2.00 S IN JACKSOI | LESS THAN 4< t NO GREATER > I BOUGHT TJ If you are a Subscrifa out we will appreci The Sylv; J LVA HERALDjAND RUB* HVORCE DECREE HI 1 1 ] | j I j < 1 d V}/ ' / j%&|: '^ W.V.'"' ijldir.. I'l l >1 . . l-,-? ?red "a perfect marriage," screen iivorce papers against actor JtO.n L Seated is Clore Warne, a witness, llman. (International Soundphoto) i Year's Day was a great time for the giving and receiving of presents. The kings and queens of England made it a court order that i i they should receive gifts on the day. j i Among ordinary persons one common form of present on New Year's Day was that of "pin-mon- i ey". In the times of which we have 1 been speaking, pins made of wire were very expensive and consequently were very little used. So on New Yar's Day it was the custom for men to give their wives and daughters money for pins and knick-knacks. And this is how the: term "pin-money" came into use. A graceful Colonial custom |j which is still kept up in manyjj parts of the South is the exchang- 1 ing of calls. Great preparations j are made for these receptions, j i which are often in the afternoon,; i and open house is extended to all 4 who choose to enter. The custom! < reminds of the Chinese custom | who make their New Year the greatest of festal times, when they not only pay their social debts, but their financial debts as well. v Year Right \ Herald And Keep \ y Happenings: \ PER YEAR / * COUNTY J cPER WEEK { fALUE CAIN BE IESE DAYS j ?cr and your year it ( iatc your renewal ( a Herald j JUTE Pc d c n u 11 c v> with Mr CliOUn ALO Griffin and da Mrs. Edd Wells and daughter, Mr. and Ml Suzanne, of Orangeburg, S. C. of Chapel Hi] who have been spending some holidays here ' time here with Mrs. Wells' par- Dillard Coward ents, Mr. and Mrs. Paul Warren, in Franklin, were joined here by Mr. Wells for t. C. Lewis the Christmas holidays. Mr. and stationed in T( Mrs. Wells and Suzanne returned the holidays w :he first of the week to their home Kenneth tW n Orangeburg. , 6 Maryland, spei VT r anH Mrc PViOrl i/\ r'ofK U ic V-\ r\nr\ a in W1 viiuiiic vciblicj i ilio iiuiiic ill ?i >pent the holidays in South Hill,' Jean Cowan, W AS THE OLD YEAR 1949 PA BRIGHT NEW YEAR 1950 PRES OUR FRIENDS AND CUSTOB NESS, AND PROSPERITY. We appreciate the good busk ing the year just ending. It is al good merchandise and it will be quality lumber, building materia for your use in 1950. [ Dan Bryson Hooper > j COAL We Have P Place your orders now for Imme large supply on hand and can fi EGG - LUM WE HAVE A COMPLETE S SUCH AS DOORS, WINDOWS ING, T & G ROOFERS, PAINTS OTHER ITEMS FOR YOUR BI Just received a car of 1 % Jackson Coi >? j Sylva, N. C. > " >v * Thursday, Dec. 2d, 194? and Mrs. Buddy | ington, D. C. spent the holidays ^ (lighter, Judy. with relatives in weosier. m '8? OrvJJle Coward Billy Cope, who holds a position ^ 11' sp4fri| Christmas with Enka Corporation in Morriswrtth and Mrs. town> Tenn., spent Christmas at and otfter relatives his home here of the U. S. Army . Boyd Sutton wh0 la employed ;xaa was home for ln S?uth HlU; Va;- .sPent Chrlst ith his parents. mas here wlth relatlvesWtz9r stationed in Mr. and Mrs. Reeves Colville nt the holidays at of Bryson City spent part of the 1 ebster. holidays here with Mr. and Mrs. stationed in Wash- A. O. Allison. f r< t < ^:: r- i < SSES INTO HISTORY AND THE 11 iD\Tfrc itcdt r iirr iiticu <> loll ojuur , vv d au Ain vvion < ilERS MUCH HEALTH, HAPPI- \\ < < less each of you have given us dur- < I Iways a pleasure to serve you with ] our aim to continue stocking high < Is, coal, and other items in'our line ; < < < < < - - - Hoyt Robinson < -1 < -COAL il *< < < < lenty of Coal || < < < idiate Delivery of Coal. We have a ! < 11 your orders at once - - - ! P - STOKER !! |; * < i 5TOCK OF BUILDING SUPPLIES | , r iAJUltllNU, MCAM1IMU, KUUF- ] 1, CEMENT & NAILS AND MANY j f JILDING NEEDS. if < < < < < < < Finished Fir Lumber - - - ; < < < )l & Lbr. Co. J Phone 38 11 :i 1 \
The Sylva Herald and Ruralite (Sylva, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 29, 1949, edition 1
8
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