m The
^Economic
week.*
Nations department of
predicted early this
§co(joipic year for the
_ bringing the long-|
in the inflationary
going far toward eliminating “pent
up” demands for consumer goods. I
Reporting on the major economic
developments in. 1948 — and their
probable influences on the current
*' ‘ ilwnflml ifa
yearo-the
department drafted its -
special analysis in very cautious
terms, but behind the many modifiers f
and qualifiers there was a definite '
global picture of better times /'head.
Describing the substantially im
proved flood situation as ‘^perhaps the
most important economic develop
ment during the last year and, for
that matter, since the end of the
war," the United Nations report
stressed in its 62 pages the gradual
easing up in inflationary pressures. I
Particularly noticeable, in the light
of fears in Washington and New
York these days that the drop in liv
ing costs and rise in unemployment
in the United .States might be omens
of a deflation, Was the report’s com
paratively optimistic outlook on the
world’s economic future this year. !
Prepared under the direction of
David Owen, Assistant Secretary
General in Charge of Economic Af
fairs, the special analysis is the first
of two reports that are to be made
available- to the Economic and Social
Council, now in session at Lake Suc
cess^ New York.
The second report, to be issued in
a few weeks, will simply provide the
detailed statistics upon which the ex
perts., of the world organization based
its analysis of the- international eco
nomic situation.
The global. survey is certain to be
one .of the major items taken up by
the 18-nation council, which during
its coming debate is expected again
to discuss the European Recovery
Program as well as Russia’s counter
part, the newly organized Council
for Economic Mutual Assistance in
-Eastern Europe. Still another major
development that is sure to come up
during debate on the 68 items on the
program of technical assistance to
agenda will be President Truman’s
underdeveloped regions.
The report noted that with minor
exceptions high post-war levels of
employment were maintained in all
sections of the world in 1948, and,
in general, the over-all inflationary
pressures did not weaken substan
tially. While prices and wages were
still rising at the end of last year,
according to the analysis, in some in
stances deflationary symptoms were
beginning to be observable for the
first time since the war.
“During 1949 the considerable in
crease in the food supply resulting
. *from almost universally excellent
1948 harvests may substantially miti
gate inflationary pressures which
continued to exist/’ it was stated.
: Stressing at another point that in
flationary pressures not only are us^
likely to be further aggravated *«r-;
ing 1949 but may even be reduced
in a number of countries, the report
contended that the increased empty
of industrial goods during 1948 was
equally responsible—with the better
ment of the agricultural situation—
for the inflationary let-up.
The greater production of factory
goods was accompanied by an allevia
tion of the shortages of key commo
dities—particularly coal—which had
been retarding industrial recovery,;
according to the survey. By the
autumn of 1948, it was pointed out,
industrial 'output in most war-devas
tated countries was approaching or
had already exceeded pre-war levels
because exiting plant and man-pow
er resources were being utilized at
near capacities.
Increase in labor productivity
played their part in increasing Indus- j
trial activity, it was added). A note of
warning however, was struck by the
observation that last summer there
were indications already of a ten
dency in a growing number of .coun
tries to level off industrial produc
tion; this tendency, it was noted, was
reflected in greater than normal sea
sonal declines in output during the
third quarter of 1948.
With special words of appreciation
for the improvement in the world
food situation the report emphasized
that more food represented “added
means for reducing inflationary pres
sures, for expanding production gen
erally, for increasing the volume of
foreign trade and for alleviating the
balance of payments'of many coun
tries.”
On the question of world supply of
commodities it was announced that
the aggregate physical volume of
goods produced in the worlds as a
whole during 1948 by factories, farms
reported in preliminary esti
that the rate for the world as a
during the first nine month? c
year reaped a level equal to
132per cent of that eif
seating an increase of 11 pei
Soviet Union, it staled that during
1947 the .production of both industrial
and h&rfeultraal goods recovered to
a considerable extent, , and that in
particular the 1947-48 harvest was
“very much better” than that of the
preceding year. At the same time,
it was observed, part of the Russian
population possessed a large volume
of notes and saving deposits accumu
lated during the war. -
' New official food prices for bread,
flour and pastry, it was declared;
were below the previous prices for'
rationed supplies; prices of meat,
fish, sugar, salt, potatoes'and vege
tables were maintained at the same
level, while prices of milk; eggs and
NOTICE TO CREDITORS
Having qualified as Executrix of
the Estste of Mrs. Alice Harper Par
ker, deceased, late of Pitt County, N.
C., this is to notify all persons hav
ing claims against the estate .of said
deceased to exhibit them to the under
signed at FarmviUe, N. C., on or be
fore the 29th day of ‘January, I960,
or. this notice will be pleaded in bar
of their recovery.
All persons indebted to said estate
will please make immediate payment
Tms the 26th day 'of January,
1949.
ALICE PARKER McDAVID
Executrix Mrs. Alice Harper Parker
Estate. 4.
John B. Lewis, Atty. 28-6c
Sell, Bank and Trade in Farmville!
CENTRE HARDWARE CO.
Distributors for Tarboro Concrete' Products Co.
Cement Blocks
A block that is Underwriters approved; low insurance rate.
Manufacturer is member of the N. C. Masonry Association
FREE ESTIMATES CHEERFULLY GIVEN
Centre Hardware Company
PHONE 4646
FARMVILLE, N. C.
mem&l prices, and the average mice
level was said to have been reduced
considerably below that prevailing in
the year and hu continued
to decline. V
In contrast to the tendency in .Eu
rope to ease inflationary pressures,
it was noted, Asia and Latin Ameri
WORLD STANDARD OF LOW-COST MOTOR I
\ t*
m
I I
1 'wM *
♦. .Jrvm every point of view,
and on every pointgfva&ee/
Come, see this newest of all new cars; weigh its
many exclusive features and advantages; and
you’ll agree it’s the most beautiful buy of all, from
every point of view and on every point of value!
Chevrolet is the only ear bringing you all these
fine-ear advantages at lowest cost! Completely new
Bodies by Fisher • New, ultra-fine color harmonies,
fixtures and fabrics • New Super-Sue Interiors
with “Five-Foot Seats” • New Panoramic Visi- v
bility with wider curved windshield and 30% niore
glass area all around • New Center-Point Design
with Center-Point Steering, Lower Center of
Gravity, Center-Point Seating and Center-Point
Rear Suspension • Improved Valve-in-Head engine
for power, acceleration, smoothness and econ
omy • Certi-Safe Hydraulic Brakes with New
Braking Ratios • Extra-Strong Fisher Unisteel
Body Construction • Improved Knee-Action Ride
with new Airplane-Type Shock Absorbers • The
Car that “Breathes” for New All-Weather Comfort
(Heater and defroster units optional at extra cost)
First for Quali'
B &
Wilson Street
at Lowest Cost
COMPANY
M
AGAIN! Buy now & SA VE
SALE
* :■ ...,7*v:vv’ v; ■
These woolens were originally
priced at $2.95. We sold then
for $1.98 the first week of
the sale and have now cat
them to
These good quality shirts sold
W'i for $2.95. Now going at
one-tUrd
MEN’S OUTING
PAJAMAS
Originally priced
these were cat to
now weVe reduced
00
- ■ . .
EXTRA SPECIAL!
DAN RIVER
Regular $3.75 value
CHILDREN’S
THESE ARE JUST
A FEW OF THE
BABOAHtttHAT