-
Patm Products
1 1
[4^: ?"- ?-v VkK -* ^-'Jm
Improvement ?q tte coMtwiis^r"
products^ contiauing, the Bwrma'of
November analysis of the demand
and price situation.
*aew.??*'*ww ?* ->?"? rw V^pt; y '
In October industrial activity was
slightly above the ? previous^; peak
reached in~ December 1989, and there
has been some additional advance id
activity have been accompanied by ip
creases in the industrial workers and
in national inoome.
Hie domestic defense program is
the principal ^oree^b^^^e Im
nwreasing" defense expenditures are
- . rt i-.-i i_ 1- -?? - ?? ,i, ,?. 1, .,:t JT- ?'
reriecteo m active iacsoty-oaunmg
operations and in increased output of
ijpf iwmm> MmMitfnt,
MVAV440V VT^r,,,V****
Aside from these direct effects on
eunent productive activity, the de
ffcnae program is having important
*- #w. x ,1 tii iliiiai ?liil V?w
BXQrCCb upon '*rr"rlirl-Fnr*1 OOy*
ing policies, resulting in the accumu
lation of inventories in some lines be
cause of anticipated hfather prices
and the possibility of later difficulties
in securing deliveries. I
The production of goods for the
building of inventories probably has
been a large factor in the recent in
creases in industrial activity. The
tapering off of this inventory-build
ing program might be accompanied
by a slowing up, and perhaps some
temporary decline, of total industrial
production, if it occurs before the
output of defense equipment can be
increased sufficiently U> offset such
a development
It is not likely that there will be
a period of several months, perhaps
beginning shortly after the torn of
nary of this year. Industrial exports
fail to make further progress.
Exports of farm commodities have
continued to shrink, and in Septem- s
ber were 70 percent below a year
earlier, and 77 percent under Jan
uary of Oris -year. Indusrial exports <
continued large, but were smaller
than in August. Great Britain is en
countering increased difficulties in
keeping her ocean shipping lanes
open.
Wholesale commodity markets have
continued for the third consecutive
month to reflect improvement in in
dustrial conditions and in consumer
baying power. The rise in wholesale
prices since last summer has bean
somewhat greater for industrial raw -
materials and imported commodities
than for farm products and foods,
largely because of the greater gains -
in the former groups during the pot
-
moziuL v- l ? - r
Strength m industrial raw material
and imported commodity prices has
been <kae in part to heavy purchases [
for inventory, whereas the rise in
farm product priees has been due -
primarily to improvement in domestic <
consumer buying power. The general
upward trend in commodity prices is
expected to be maintained, subject to
temporary relapses, but ao marked
rise such as occurred during the :
World Wsr ivyet in sight
Farm income in October increased }
considerably more than is usual for i
the season. This was due primarily 1
to heavy. cotton marketings, follow- *
ing tiw unusually anA marketings 1
prior to October, and to the early '
moment of hogs which resulted in
marketings in October about 25 per- 1
cut higher-Hum a year earlier. Prices
received by farmers apparently were
. little different oc the average in No
vember than in October, although
in fewer pri?es_for cent and hogs. 3
^^sttuatwn by eemawditoes is as ^
1 ??
of the- loan orMmsx ic r?Aieinff ttol'
S?nw^2?Biai*o^ad^l
i/ODlwwC OOlwD HnlWUipwuii WB"4 I
?-. 1 V ? ? IL
V ;i c5 w*? HmillMIIII IJT aajiwni J 3
thaa ft year writer. f<
__ t . ,? ^ . , i
?i- vLk^S
IQg 'O0UQA^9? ?i; '-'j'. - .}':. 7''^. -, ^ W
W6" ? iw ? * -grateful for tho
^te^LO^etiT" ****' ^
?'??At flit do? ?*B fMne thc^W
the Largest for the month on record.
***** pom.TRriw*e?s ;
Marketing ?f poultry ere now in-,
creasing seasonally.'1 -Chkken-.prices
ere slightly higher*then they were at
slightlyJowte ^ ^ Ortober the
largest on reeoTd for that month, bat
it is now fttcBmng relative to the {
beo^^S^om^idferably; cmaHer
number of layers on farina.' Egg .
prices are expected to continue shove
those of a year earlier into 1941.
n i.i' 'i.ii, i m', i ' ii'l' ' ' .
CTTTTT FH
Downey, Calif., Nov. 26.-Vultee 1
Aircraft workers ^accepted late today $
a strike settlmfwit which will send 1
them back to work at fr-a. m., tomor- 1
row on a backlog of-$80,000,000 in or
ders for United States, British - nod- 1
South American wmrptenes. .
Urn settlement was accepted with
a cheer of acclamation by WP&sn '
jammed into Downeyv Odd Mlosi^ ??
r "v. . ? *
J. Thomas, international president of '
the United Automobile Workers. '
Richard W. Miller, president of the 1
is frumanly poeriNe."
The strike began with a demand 4
tor a 7S-cent~houriy minimum wage, '
in increase over tho prevalent 60-<ent
minimum. InlwWiiienllj1. the ' union
' I ? . ? .1.11! ,
3^aSi ropiS^l^thOTien/Se
'T?o!3aS ' *5Tl wr/ <vt
major plank in .a voccMsful agrfcol
? * ? ?^ ^ ^
Z&WWZ2L - ?' ris&l'^'zir '?." ;J^:^' .-:
^V^fc><'^Ws 4iin L^ftJiL PJfflfflnfc- Vfetf^rc? 1
^ot Plough 9$g&3& i&fet of ts0 j
4.1 1,* i-V ? >?
Pj?jjj||r v'ii"'" '"*' 'i
I ,.^Pt- - ii " ? .V'' ????!?* , 'r"l. . ! ?: O-P? ? '.U- ' ?W?|Cv^.i -Ui>*tR'IlS!j
r it^'- ^?- V: ^L' ?''-?<<;;? * *.
\ ,-? . 1^' -. ??-, ~ * Jxl
MMKIAMM HMVV .A_ VHjuiMft fQ MDI!*6a
xoi^iit do trav
?mte Urited States
^AtL?mz jzsznz
and Hexico Have Mpifyamootnea out I
?nd that Mffctav-n^y lead* I
of Canada by &*&** i5* ?gr*
stat**fa *1
Reports 'that an agreement has
been reached in principle, including
tiie improvement off eight phodeaS
porta, ftotoJiav^
fertopMSt; would be no great aur*
to vie# of present world condition*
and the uncertainties in connection
With the fnture, it is considered im
SdthiL
espedbtily those between the United
State* and the Panama Canal
? /*'"-*V '??'?' | '- j
The House Committee investigat
ing Un-American Activities, comr
monly referred to as the Dies Com
mittee, is vigorously seeking to dis
close the activity of Germany,
and Japanoae agents In this country,
tnrldently, the part that Russia plays
to t$is work is not being overlooked.
..I :
It is safe to say that Congress will
appropriate any reasonable amount
to enable the Dies Committee to con
tinue its investigations. Already,
Secretary of State Hull ha* said that
the State Department has no objec
tions to public hearings in connection
with the "propaganda of German oon
It will be interesting to await the
full disclosure of the Committee
which has been at work for some
pears. Naturally, in every country
there is some sabversive activity. An
investissatiozi that' conduct
ad by the House committee Is cer
Frankly, ? have no Id- wh*,
evidence the committee has to prove |
nation*. SKy! i V--? 'Vc i
A fTTL. ,? ,
" t ? - - tl,
^-'ii' *.<? -- '**,*v^-Mj^
&????.
LVkJ ---^r- ?
Not many members can say dafi
nicely exactly way tney intenato stay
in session bat they have the impres
sion that it for them to 00*
tiaae to rtert in order to psss apcm
any emergency which may arise. ;
government . wpeix^; 9ft - cioieiy
watchfa|, jth^rric^^ndi^
nevea, may lorecast an-miiation ten
deney. ThereisHtthfear, it seems,
in Hie money sftuetion, bat the -jlgg
mend, created by defense contracts,
may produce some scarcity in certain
lines, resulting in higher prices.
While no hard and fast rale can
be laid down, economists seem to be
lieve that precipitate price increases
should be avoided, if pottible. There
are various methods by which the
Government could exercise some In
fluence upon the price structure, but,
for the present at least, nothing is
contemplated. Nevertheless, e close
watch is being kept on the situation.
'- i 'hi, li'jr- I ii -ii-V Hi ii " ?"
THE ANSWERS
i, ! , ? -
1. Rates 1n tonnage, per year,
about 8 to 5 in favor of Great Brit*
flin.
2. August 24, 1989.
8. U-Boats by A ratio of nearly
4 to 1.
4. Head of the "Free French" gov
ernment.
5. Joseph C.' Grew.
6. The 86/MH>*ton British liner,
Queerv Elizabeth, now in war service.
7. Volcano, Vti Vesuvine, acton
the bay. from Naples.
8. The seismograph.
9. No; the senior member of the
ma^odty p^iarentitM^.to. :.tfae
post under the seniority rule. ^ i
I ... ?,J..- r
u| - ? <H4 -
?? *?Wlw UU9 vv
uUTiBf' vDo I8tt6r pcui or nott wwflc
?%*? ' _T
1U. i. tb. tia. of tb. >?r ' fo>
fcmter.
SUMMONS FOfk *CBUC?DNS
N
CALLIE BELL CAMPBELL
pear ,ntthe *ifioe of^Se'aierkof
IV r-'ff ,' ru?l^. n?u, /1, ,/ln fcL,
tne superior Court or fttt ttE
or demur to tht ennphiit-JwNtiH'
fore filed in said cue, or the plain*
' This tho8l*t day of OctoktoylMO.
J. P. SAltfilKGTON, :
Pitt CeuSl"itfar
J. W. EL Roberta, Attorney 4wk?
I' wWm I fik B
[ --~ : ^jJ^r
?i|wUUii MiMi wffl be oa farmerC Blade ae they |? to the pefle m
SatiHeyr December 7, to east their ballots 00 the ue of cotton aurfcetiBg
^ w -- ' W " * """""" |
n ' r
gjpy
IS "
IDC
I fc
IT FIOJITf
. ??%?????
'ivory soap
rnkilim ? " V J I
sc i
iMHllii:#? ?*:&&$. iU:. ?
' Wlli?i?i II ? ' * E * ? ...
I
A ad Haudt 1
'I I ?-?^^^