Newspapers / The Waynesville Mountaineer (Waynesville, … / Dec. 31, 1942, edition 1 / Page 5
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THURSDAY, DECEMBER 31,1942 (One Day Nearer Victory) Babson Sees Many Changes In Business For 1 943 Page 5 TBS WAYNESVILLE MOUNTAINEER . (Contii nued from page 1) tuO' mo lybde: num. zinc and other Throughout 1 4 i 1 wtwrtcetirp Will be a conunueu - there down fairly well jfgds which the armed forces teed- ' SECURITY PRICES . that the Dow Jones V k Averages will go to points . 1943 higher than anything durl f 1942; also that bond yields 1 ik yields will tend to come w together. This may mean fSilfm the price of low-cou-"I ling-term bonds and an ip Casein the price of tnany stocks mnaniea which are not handl ed by cumulative preferred or bond issues. Remember, JfTondon Stck Market is wit ting the highest prices it "has S for five years. Certainly m Jtors are sound asleep in the jX States. Even the utilities Sto to look better in spite of toming inflation. BVILDiyG AND REAL ESTATE Kew building during 1943 will fall off. Government building, loth of factories and cantonments, .ill decline while residential build L will continue to be held down. This means that not only will the manufacturers of building supplies ,nd contractors have a poor year i 1943 but there is liable to be more or less unemployment among earpenters, masons painters and -i-awprs. The honeymoon of the luilding trades is over for the dur ation. After the war, however, wiMin should come back with a bane although prefabricated knnses may put some union labor out of business. Hence, do not sacrifice good real estate or farms during 1943. Besides, there may v legislation requiring the de molition of buildings over 75 years old. ' SEW INDUSTRIES 19943 will see the greatest crop of new scientific developments that anv year ever witnessed. These may revolutionize agriculture, in dustry and commerce even to a greater extent than the war will revolutionize governments, politics and human relations. Among the new industries I especially have m mind are synthetics for making artificial products better than the natural; plastice for displacing metals and wood ; fertilizers and photosynthesis to revolutionize ag riculture; photoelectric cells to make machines think; prefabricat ed houses; air-conditioning; radio heating which will dispense with all radiators and oil burners ; auto matic typing; unwoven textiles; ultra-micho-scop-ry which "will greatly help the elimination of dis ease. New alloys with marvelous strength and lightness ; harnessing the sun, tides and winds; cosmic rays to supplement our power houses; atomic power; new mili tary armaments and commercial aviation. Big profits are possible for alert businessmen and inves tors. During 1943 our wives will be gin to use dried eggs, dehydrated vegetables, frozen meats and other innovations. This does not mean that canned goods will be displaced, but I do forecast a revolution in connection w ith prefabricated houses, using plywood, aluminum, Plastics and rubber; the buying, preserving and use of foods. There 1 II ,1 .IW.ni,, I ll.ll il.il II ROGER W. BABSON wiD be more experiments in nation al planning with government guar antees, but -with the return of the Republicans to power after this Global War, we shall see less, rath, er than more, rationing, price fix ing and regulations. Some time jt will dawn upon the American voters that the government cannot give the people anything that it does not first or last take away from them. There cannot be a leveling of living standards with out a lowering of living standards. FURTHER RATIONING 1943 will see more changes in civilian life than any year since the Revolutionary War. Wise are those who are first to prepare for these changes. When one studies the tremendous purchases which the government is making, they make one shudder. For instance, the army recently purchased 30 million pounds of salt, 4 million pounds of mustard and 2 million pounds of black pepper, simply to fill a few months' requirements. Dried fruits are bound to be short in 1943, especially prunes and dried apricots; while the kibosh will still be on stoves, bicycles, type writers, hardware and Tubber goods. I should not be surprised to see the rationing of dairy pro ducts, certain furniture, paper sup plies, manufactured foods, farm equipment and possibly , clothing and shoes during 1943. Some of my associates think there will be rationing of meats, eggs , and cheese, hut present statistics do not indicate the necessity for this. Certainly, there will he no ration ing of cereals, citrus products and fresh fruits that cannot be ship-ped. THUMBNAIL OUTLOOK FOR 1943 1 Total Business: Defense production will be up sharply (plus 50) ; non-defense down sharply (minus 33 ) , accompanied by a drastic standardi zation of products. 2. Employment; The above also applies to employ ment, if we do not include the armed forces. 3. Farm Income: Will be up 5 in 1943 over 1942. 4. Dividends and Business Earnings: Have passed their peaks and will be lower in 1943 than in 1942. 5. Labor: There will be practically no strikes until the end of the war and wages will gradually become stabilized. 6. Commodity Prices: Will strengthen somewhat, especially the prices of manufactured goods. Com modity price indexes will indicate far less than the actual advance. 7. Taxes: Will be felt severely, especially by the white-collar group who can expect no pay increases. 8. Retail Trade: Will be 12 off in physical volume in 1943 compared with 1942. High-frade Bonds: Should decline, but good Stocks should sell higher. 10. Creeping Inflation: Will continue throughout 1943. Ready to Bomb Tokyo in short-term money rates during 1943; but there will be little or no change in the rates that banks charge their customers. Money rates are now managed by the gov eminent even more closely than the prices of commodities. The idea, however, that money rates will always continue low is just as foolish as were the forecasts ten years ago that money would permanently remain on a high basis. The pendulum has always swung and it will continue to swing after World War II is over. Whether or not banks should bor row from the Federal Reserve in order to buy government bonds will be debated during 1943. Banks that do this will temporarily make a profit, but whether this will work out as a profit or loss in the end is questionable. In the long run, very few banks, corporations or in dividuals make money by borrow ing money. ing is just getting into its stride and thousands of factories are atu) re-tooling. 1943, however, should witness a transition from construc tion to production. I, therefore, visualise a drastic re-shuffle of sub-contractors, of labor and of communities ; in general. ' This means hardships for management and for the. men and women work ers. Some communities now doing well will become ' ghost towns; while other sleeping cities will be? come busy beehives, f y i yj ' V h 7 J fit i -O f . I 7 , . . . Second Lieut Alvin R. Wong f Oeveland, 0., American of Chinese descent, receives his bombardier wingi from Brig. Gen. Isaiah Davies, commanding general of the world! largeit bombardier achoo I at Mid land, Tex. Wong if anxloua for a eombat wpmX ai 1 near y possible. He may soon get his wish. (Ctntral Prt) Mrs. Will K. Boone Elected President Francis Cove Club Mrs. Will K. Boone was elected president of the Francis Cove Home Demonstration Club at the regular November-December meet- POLITICAL SITUATION Certainly we are entering 1943 j with a much better political situ ation than existed a year ago. This does not mean that the new Congressmen are conservative some are more radical in certain ways than their predecessors but they will combine with the conser vative Democrats on questions of taxation and war matters. Look ing back over 1912 it becomes evi dent that the tax situation- was the most upsetting feature on busi ness and investments. The mar kets were at their worst directly after the Morgenthau recommen dation of a 55 normal tax. When the House voted a 45 tax busi ness began to pick up and even security prices had a real move when the Senate dropped the rate to 40. MONEY RATES There may be a slight increase WHEN YOU NEED Legal Blanks Ve Have Them! Chattel Mortgages --Warrants Warranty Deeds -Deed Of Trust State Warrants Claim-Delivery Proceedings No Trespassing Signs No Hunting Signs Ejection Blanks Transcript Of Judgment -Civil Summons The Mountaineer "Quality Office Supplies" PHONE 137 MAIN STREET CROP SITUATION With normal weather condi tions there is every reason to be lieve that more crops will be rais ed in this country in 1943 than in 1942 and that farmers should bene fit accordingly. On the other hand, there always is the possibility of bad weather conditions including droughts and floods. The large amount of wheat, corn and other grains in storage, however, should help offset any crop failure in 1943. INDUSTRIAL PRODUCTION Readers will remember that our war production will not rpach its height 'Until' well into 1943. The plants manufacturing big bombers are not yet completed, shipbuild- FAILURES Business failures : in 19 42 amounted to $105 millions and I fear these will be increased during 1943. If so, it will be due to manufacturers being unable to se cure necessary raw materials ' or substitutes and merchants being unable to get a supply of goods. In addition to the normal casual tit's and those additional ones due to the war, I expect a certain "birth-control movement" in busi ness. The government may re quire new businesses, farmers de siring to increase acreage and es pecially employers desiring to in crease their sales forces to get permits. Sales organizations would be the first to be treated to "birth control". We may also expect to see in 1943 experiments in "zoned mark eta" by limiting the distance that goods can be shipped. commodities have a surplus sup ply, The best opinions are that Ger many will be brought to her knees, probably through the lack of oil, in late 1943 or early in 1944 and that it will take another year to finish Japan. As Germany does not want to see Japan a world power, she may endeavor to join the United Nations In putting Ja pan back where she was forty years ago. This would mean not only cleaning the Japanese out of China, the Philippines and the Dutch East Indies, but also mak ing them give up Manchukuo, Ko rea, and Formosa. Of course, the present actions of -our navy in the Pacriflc are merely to keep the Japanese from pouncing on Russia at Vladivostok. They are no part of the coming campign to clean up Japan. All of this means that the general war news during 1943 will be better than that of 1942. ing which was held with Miss Mar- ion Boggs during the week. Others elected to serve with Mrs, Boone were as follows; vice presi dent, Mrs. Gilbert Inman; secre tary and treasurer. Miss Marion Boggs; Mrs. Homer West, song leader and reporter. The project leaders and committees will be named later. The following committee chair men gave reports : Red Cross acti vities, clothing, poultry, food, nu trition and handicraft. One feature of the program of unecial interest was the demon stration by Miss Smith on "Food Fines Creek 4-H Club Gives $18 To Ambulance Drive The Fines Creek 4-H club held its regular meeting on Tuesday will Miss Dortha Green, president, pre siding. The meeting opened with the singing of Christmas carols. W. O. Franklin, assistant coun ty farm agent, told the members of the 4-H ambulance drive and asked the group for a donation. The club voted to contribute the total amount in the treasury at present. which is 118. After the business session the girls of the group met with Misa Mary Margaret bmitn, coumy. home demonstration agent, for discussion of their work, and the boys held a session with Mr. Franklin. Imagine his surprise. Private Bobbie Patterson, of Sheppard Field. Texas, took one look at the label on his new army mattres. It showed the naroa ox the company for which he had worked and his own name as oper ator.'. In other words, he made his bed and now he is lying in it. For Strong Bodies." She also ahowed the members how to make attractive Christmas gifts and dec orations. During the recreational period the members exchanged Christina gifts. - " Announcement was made that the January meeting would be held with Mrs. Robert McCracken. WAR OUTLOOK It must be realized that a great improvement in the resources of the Axis powers has taken place during 1942. Where they were short of raw materials they now with the exception of a very few CONCLUSION It is probable that 1943 will witness further cuts in civilian business, that victory models and standardization will be compulsory, that manpower will be rationed as well as commodities, that a sales tax will be inaugurated, that sub sidies will be extended, and that inflation, like a great glacier, will continue slowly to push up prices; but what of iti We grow by striv ing not by arriving. Character gains during 1943 will by far off set all losses and inconveniences. This Global War will be a great blessing to all the world by bring ing about that spiritual awaken ing which is the only solution to our troubles. The Mountaineer Stationery Department Has SCHOOL SUPPLIES Notebook Indexes Pencils Spiral Bound Composi- Tablets u0! fr N01 First Grade Tablet, book Fillers ,,.. Rulers Celluloid Rulers Inks CeUuMA Protractors Pocket Notebooks Metal Protractors Cardboards Nickel Plated Compasses ' Carbon Paper White and Colored Chalk v Drawing Paper Crayons , . Construction Paper Reinforcements Glue Art Paper Paste Stars Mucilage Flags THE MOUNTAINEER "Stationery and Supplist for Office, Homt and Sehocf 4" We, Too, Are Proud! AMERICANS, You have read the advertisements of the Great Corporations in the National Magazines Chevrolet, Oldsmobile, Buick, General Electric, and others, telling what they have accomplished in the WAR EFFORT. LOOK! Three of our good men have been drafted as soldiers men on whom we depended for the labor to produce our part o the food to win the War Yet! In 1942: We produced TWICE as many potatoes as in 1941. We produced THREE TIMES as many garden vegetables as in 1941. We produced a supply of stock beets to feed our cattle and sheep, yet we had never produced them before. We put up A THIRD MORE hay than ever before. We have MORE THAN TWICE as many cattle to take care of this winter. We have MORE SHEEP than we have ever wintered before. We raised THREE HUNDRED chickens and hens to pro duce eggs and meat- We had never kept chickens before. We raised MORE pigs than ever before. We cleared and planted FIVE ACRES of new ground, most of the work being done in sub-freezing weather. Added To the Above: This winter we will nurse: 50 calves, seventy-five lambs, a dozen pigs, 300 baby chicks, maybe a litter of pups, a few kittens and plenty of rats, AND WE MVS PROUD WE CAN DO THIS, THOUGH SHORT OF MEN, OF MACHINERY AND MONEY. We are but one of the millions of farms in America, and every one of us is PROUD TO DO OUR PART. We farmers haven't the funds to tell you all we are doing, like the big corporations have, but: WE FARMERS WILL NOT LET YOU DOWN IN 1943. Food will win the War and write the Peace. We are PROUD TO DO OUR PART. That means ALL the farmers of America. We are backing up our Soldiers, Sailors, and Marines! A THOUSAND ACRt CATTIC AND SHffP MNCM CATAldoeF WWfr IN THE GREAT SMOKIES WAYNESVIUE, N. C. . J;
The Waynesville Mountaineer (Waynesville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 31, 1942, edition 1
5
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