The Clinton chronicle. (Clinton, S.C.) 1901-current, July 17, 1919, Image 4
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OU|P (E bronirU
PUBLISHED EVERY THURSDAY
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. CHUOMCLE PUBLISHING CO. ..
WILSON W. HARRIS
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Stake j«U_jreiaittaiicft&Jft 1
THE CHRONICLE PUBLISHING CC.
Clinton, S. C.
CLINTON, S. C, JULY 19. 1919
There is a world-wide scarcity of
many materials and production
costs are going to continue abnor
mally high.
“We have had perhaps a certain
amount of inflation. To the extent
that present high, prices are due to
that -cause, morever, we can expect
• • * ■
no immediate decline. The process
of deflation will be gradual,
“Tf we were all to hold baek,
awaiting lower prices, we should
produce conditions of a sort that
would benefit no one. It is the duty
of business-To-gmthetrd and seine
the opportunites now waiting. If a
manufacturer were to defer build
ing needed additions to his plant,
in the hope of securing a lower con
struction cost at some indefinite
time in the future, he probably
would lose more "profits on the
goods which he might have been
producing and selling in the mean
time than he will save on cheaper
omstruet-ion - -eosfe- 11 — —~
8 PAGES
.V PROSPERITY STORY.
By n-ading the statements of
(’lintmi's banks as published in last
week ’s issue of The Chronicle, it is
readily seen that they are all en
joying a large volume of business
and are in splendid,condition. Tak
ing these statements as a guage, it
is evident that there is considerable
money in the- community in spite
of unsettled conditions and the
large amount- tied up in the hold
ing of cotton. These figures show
further that our banking institu
tions are being .successfully con
ducted by their various officials and
• is a good endorsement of their busi
ness ability.
In the city's four banks there is
over a million dollars now on de
posit. the aetual total of deposits
being $1,080,815.15, the highest
record yet reached. Tn view of the.
season of the year these figures are
remarkable. They show that old
man Prosperity is still in the land
and give fair indications of an un
precedented business boom this fall.
_ Frank..W. Thomas. oJL A: CL
Slaughter & Co.: “In considering
the outlook for commodity prices,
we must bear in mind that wages
are going to continue nigh for an
indefinite time, and that European
competition, formerly so keenly
felt in onr markets, is not going to
mg season.
Building materials in comparison
with other materials of different
kinds have, shown lower percent
age of increase in selling prices'
Than anv other. Xo bednotion can
... ,r
be expected with- prices fixed for
future deliveries. It seems to be an
»pp»»rtwte "develop' plans
"'“■'y ,♦
and prepare for operatiotr:^— ^
Back la Citizoa'a Clothea
Lieut. Col. J. M. C. Barksdale, for-
marly » member : of the Eighty-first
Division, was discharged from the
army at Camp-Jackson Tuesday an
ap|>eared on the streets gayly and
handsomely dressed in civilian attire
late in the afternoon. The Lieut.
Col. was one of the most popular aftd
efficient officers in lij|\ division as is
evidenced by his rMij promotion
from the rank of Lieut, to his
present exalted title; f/he Colond is
looking good and as he retdms to the
oI<T*?umTf tar scenes, ne is receiving a
cordial welcome at the Rands of Tm
friends who are manv in numlier.
abroad with no immediate prospect
SOME FINE TOMATOES.
, The editor has been “pounded”
this week with some of the finest
tomatoes we have ever seen, grown
be so 'sevef( r "as it was "before the by--Mrs. John- ’L. Thorn ley- of this
war. Wages have been advanced
city. Mrs. Thornley was the cham
pion tomato grower of Pickens
of their return, to pre-war basis.” County, and the specimens ahe is
DECLINE IN PRICES NOT EX
PECTED SOON.
Investors who are holding back
on building projects because of
what they consider to be excessive
ly high prices for materials and la
bor will find that a few months will
make little change in the market, if
we are able to take the Word ol
builders, contractors, bankers and
government officials. In answer to
the argument that high prices are
a deterrent, records show- that in
the past almost all- big construc
tion projects have been launcHbioxt
times when values were high, rath
er fhan when building activity was
at a low ebb and prices resulfantly
off.
The next few months promise a
resumption of construction that
will be unparalleled in our nation
al history. That construction work
will be done at prevailing prices
and the investor who takes -advan
tage of the available materials, la
bor and bility of the railroads to
deliver supplies will be far better
off than if he waits-until the boom
is at its height. He will be assured
of a market for his building of good
rental values, and no lack of ten
ants. At the same time, he w-ill con
tribute materially to the allevia
tion of present strained housing
conditions and.,to the re-establish-
mont of peace-time business.
Following are statements of men
and publications in a position to
know the market and the tendency
of the times, and if we are to take
their views as a gauge, we need not
expect a decline in prices-in tbe
near future:
Joseph E. Otis, vice president
and acting head of Central Trust
Company^pf Illinois: “The people
who are waiting a drastic decline in
prices aren’t going to get it. They
are going to get left. In other
words, I do not believe we are go
ing to^see any immediate and dras
tic decline in commodity prices.
Frank A. Vanderlip, president of
the National City bank of New
York, declares that it is possible to
transfer 15.0110,01 K) men now- en
gaged in .war activities to’ works of
peace without greatly disturbing
conditions.
“I would not argue that we-can
make this transition without any
jolt,’ he said. “There will be some.
But I believe that the demand for
labor is so great that it is possible
to make the transition without dis
aster.”
“We may make a cushion of pub
lic works.. That is possible. But
there ariii-eally ti'tniiendons orders.
showing will doubtless give her fhat
distinetibn tn this community alsdT
Sdie has quantities of Tomatoes
weighing from one to two pounds
and those she' has sent in to us are
easily the finest we hare seen any
where. They are of the Peter Hen
derson Ponderosa varietv.
that may now be executed, and on
the whole I would not be surprised
to find that we shall see no surplus
es of labor, providing labor and tlfc
employer of labor each does his best
to help in this readjustment.”
John N. Willyg. president of
Willys-Overland Company: “Ma
terial prices and wages are ndt like
ly to come down in a hurry. Wkh -r gn , . Ar . ,,
, * * °' , 2 South Mam St.
the passing of the first flurry of un-
sottlement of prices which followed
the signing of the armistice there is
now a noticeable steadying of the
market.” ' .
The* American Contractor: “As-
sufiling that a decrease of 20 per
cent in const met ion costs might de
velop during the next four or five
years (and this is regarded by
many as a maximum decrease) the
immediate completion of the na
tion’s school progres would involve
an excess of only 1 per cent per
capital per year, or delay having
them for four or five years in order
to buy them at 4 cents per capita
per year?”
O. Ay. Ketcham, president of
Philadelphia Master Builders’ Ex
change -. “While the prices of build
ing materials have as yet shown no
material decrease nor can such be
expeefed for some time to come,
there nevertheless seems to prevail
among the builders a strong desire
to start operating. The percentage
of advance in prices of building ma
terials with few exceptions has
been so slight as to permit of very
little, if any, reduction for the com-
CADILLAC
We are distributors for
the Cadillac in Laurens,
Union, Greenville, Spar
tanburg, Anderson, Pick
ens, Oconee and Cherokee
counties.
Would be pleased t o
send you catalogue or any
other information^
Greenville Cadillac Co.
Phone 2477
Griffon
Special Representative from- Baltimore
. ' ‘ ' • ’ ’ - ; .
. ‘ . • . .0 ,
will be here
July 18 and 19
to take your measure for your Fall and
T~
irements.
ggBLWU.JLfc r
Come in and let us have your
order and get your suit early. .
' . 1 .
* • . #• •
Copeland-Stone Company
Clinton, South Carolina
GREENVILLE, S. O.
Elmer’s Gandies
Fresh and Fine
At
SGAIFE’S
J. 8. FRONTIS
JEWELER
CLINTON, S. C.
COLLEGE OF CHARLESTON
Founded *788
A college of highest standard open
to men and women. An intentionally
limited enrollment insures individual
instruction. Four year courses lead
to the Bachelor’s Degree. The Pre-
Medical course, a special feature.
Address.
HARRISON RANDOLPH,
President, Charleston, S. C.
.. . 4
AUTOMOBILE OWNERS
ATTENTION!
/
, We are glad to announce that we again
have with us Mr. R. C. Tidwell, the well-
known automobile expert, and shall be glad
to have you call upon us when in need of
mechanical work. ,
All work intrusted to our care will have,
as usual, careful and prompt attention. --Out
line of tires, tubes and accessories is coming
more complete every day. ’ - ’ Y'r:--
v x :
We have. jiist^installed the most modern
Tunga-r Rectifier for re-charging batteries.
This machine being able to charge at one time
ten hr twelve batteries for which a nominal.
charge is made.
We have just purchased the most modern
Weaver Tire Changer which enables us to
±l*m**.*% * .4- 4 1 __ _ • A 1 A % _ A A ' • ~ •
change tires instantly without battering rims.
Come see us—your business will be ap
preciated. .
“Let Your Motor Troubles be Our Troubles’
Clinton. - - T - SoutkCarolma
J- ! T ^ r 5 l r Z’-
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