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/ I Page Eight THE CLINTON CHRONICLE Thursday, January 6, 1949 BABSON . . . (Continued from page one) to help Europe; but it feated. Hence, labor leaders have naturally kept urging higher wages, although they may feel in their will be on j hearts that wages are high enough a more efficient basis. ; for the time being. We forecast 22. More foreign credits will be that 1949 will see some change of granted during 1949; but these most- attitude in this regard and that wise ly will be direct to business con- leaders will be more interested in ierns preventing the “bust”. ' 2,. There wi.l 1 ^ ^ - t.uo" from other ceunmes m leg,t - off wh( . n bus I mateforerfm trade where the cred.t ganizcd workers have th( , st( . idjest is good. jobs and will go through 1949 with-. 24. Throughout 1949 war talk will ou ^ ] os j n g their "positions, continue: but n0 I 'e a g World War 29. Some labor leaders will, dur-i HI will start in 1949. WAR PREP- j n g 2949 f or pension systems ARATIONS WILL CONTINUE. j ar f d sic ^ benefits. This would be; I^abor Outlook a constructive program for employ- | 25. Good business depends upon ers who can afford to do it, but; two things: (1) reasonable wages many employers cannot afford even} and (2) reasonable prices. When these benefits at this time. Both both of these factors are in bal- employers and wageworkers will ance there is good business; but some day unite in urging a pro- when they get out of balance, look gram which will give steady work for trouble. Low prices are of little throughout the year. This is the help when people have insufficient best hope for lower building costs, wages with which to buy, but it is Bricklayers, painters and carpenters also true that good wages are of are criticized today for doing such little use if prices are too high for a small amount o<f work, but we people to buy. The Taft-Hartley law must remember the many days when will be repealed or amended to en- they are unable to work due to 1 courage free speech, union protection weather and other conditions. and increased production. Inflation 26. The income of wage-workers 39. Inflation (high prices) comes ! must increase before an advance in when consumption exceeds produc-! prices. Contrariwise, too high prices tiod . This means that inflation can always precede a decline in employ- be checked only by increasing pro- ! ment and wages. This downward cy- duction or by reducing the money | c!e leading to unemployment may be- supply. The job of getting prices gin in 1949 Much depends upon crops down today depends, therefore, upon and weather.—" . ^—■- . what management and labor pro- 27. Labor leaders who get in- buce per hour. We believe that wage increases during 1949 will be accom-! ■OO* 1 creased wage rates usually get re elected. while those who do not get wage increases are liable to be de- Oatraeal Takes High Place On Nutritive Food List panied by a corresponding increase in the per hour production of the wage workers. 31. Some object to the large prof its that their employers are getting today compared with the 1930's. It,! however, should be remembered that | during these depression years most Oatmeal and rolled oats, once con- employers had no profits whatsoev- sldered by some to be fit only for ani- er - We forecast that profits will con-; mals. now outrank all other break- !' nUe , *°, re Sulated automatically . , , . , . , ... . , by the law of supply and demand, fast food cereals in nutritional value. rather by the government according to a report on foods , of 32. A t some time during 1949 we Plant origin in the Jpurnal of the f orecs t that the point will be reached ! American Medical association. where the nation’s inflated money “Wheat.” the report states, “is by supply will have become fully em- 1 far the leading cereal in the diet »n ployed. Hence, emphasis may shift the United States, furnishing approx- from efforts to stop inflation to ef- imately 25 per cent of the total calor- forts to halt deflation, ies consumed.” Stock Market Canned corn is “equal to corn meal 33. 1949 may not be a better year! in energy and protein on an equiva- stock market wise than 1948. In- 1 lent moisture basis, and is superior v estors will especially get out of to the milled product in mineral and stocks of companies which have most! thiamine content.” their assets in big, “vulnerable in' Dry legumes, such as beans, peaj c , a ' t 0l . " ,ar cities, reinvesting in j and lentils are. according to the artl- W , e11 dis '' cle, twice as rich in protein as ar« — ^ -A r , £ . ... - - 1 J ^ ^ ^ j I I ♦ # ♦ * ♦ # ♦ ♦ U • # ♦ ♦ • # ♦ ♦ ♦ ♦ #♦ the cereals. Dried navy and kidney tributed and safe from attack. 34. The daministration will beans, green or dried lima beans, len- 3 f S * ndus ^ r ‘ a ^ aver * ! tils and cow peas are also rich sourc- conseement ° n acc ® u / lt ^ the ! e, of Vitamin Bl. To i . UP ° n l ? b ° r s de ' mands. Commodity speculation will Among the vegetables, the report continue to be curbed states that potatoes make up one of 35. The wisest will not try to pick! the largest parts of the American any special “winners” in 1949; but 1 diet. They are a significant source of will diversify broadly. Those who' iron and also provide a substantial have too many stocks will grad- amount of ascorbic acid, or vitamin ually build up good reserves, in°cash 1 C. or governments, for the big break, Leafy vegetables, such as cabbage, which will come some day. Careful kale, broccoli, lettuce, spinach, etc., buyers of stocks will insist on mak-i are “outstahding sources of certain ing full payment and avoid borrow-^ minerals and vitamins.” ing during 1949. 36. Safe divided paying stocks will! be in greatest demand, especially if double taxation on dividends should be eliminated. Bonds r* , ,1 v w 37. We are definitely bearish on Construction has begun in Guate- low-coupon-rate, long-term taxable mala on a national stadium which is bonds as money rates will gradual- to be the scene of the sixth Caribbean ly increase. ♦> 'v :: H 1:1 :: I ii Middle American Republics Enthusiastic About Sports Olympics in 1150. This highlights the fact that the citizens of 11 Mid dle American republics are great nat ural sportsmen. Combined in them are the physical endowmen and staf mina of the Indians and the tempera ment and skill of the Latins. Although the United States is thought of as a sports paradise, the lands lying between Mexico on the 38. If congress should exempt div idends from double federal taxa tion 1949 will see a further falling off in the prices of certain tax-ex empt bonds . 39. We forecast no change in the! nation s monetary policy relating to c redit control and interest rates dur- > ing 1949. 49. Investors will give much more attention to diversification in 1949 north and Colombia on the south go and will try to have their bond ma in for a great many mere varieties of turities either fairly short or stag- | sport, and generally speaking, sports gered. have a greater significance In the n ea j Uvps nf th» Middle Americans. 41 , -ii I **• wicj iCai estate Will CUllllIlUe Baseball Is already a full-grown to hold firm through 1949, due to sport in Cuba, and is growing more less available rental sface caused by and more popular in both Mexico and pulling down structures to save tax- Panama. However, the No. 1 sports es, provide parking spaces, etc. There throughout Middle America is the also is a distinclination to build new game of “futbol” or soccer, which at- i city property in view of the present tracts crowds that dw : arf our football high costs. and baseball assemblages. Not even 42. Suburban real estate will con- the remotest village is without its tinue in fair demand during 1949 al- socccr field, generally located in front though there wnll be some shading of of the church. prices. • * j "Tejo” is virtually the national ! commercial farm acreage j sport of Colombia. Roughly similar |. se ^ ^ or ^ ess during 1949; but j to the American game of pitching subsistence farms, located close to, horseshoes, tejo is usually coupled established communities, will hold with "piquette”, the name of a sort of U P * n P™ 06 Middle American picnic. Swiss Watch Industry In Switzerland watch manufacture is much more than a matter of pride. Small as the product Is, Ita a bread- and-butter Industry for the Swiss na tion, and it forms a substantial part of the entire Swiss economy without which the nation would have difficul ty in surviving. The 1939 census showed that of the approximately million and a quarter employed per sons in the confederation, nearly 50- 000 were directly engaged in the watch industry and Its allied activi ties. In recent years women ‘ have gained an increasingly important place in the industry, until now they form at least 50 per cent of the total employed. Arthritis Pain Far satak, 4«Ufbtfully oonUortln* hatp tor paint of aiwimttltm. Arthritis, Uunbt«o. Selttlea, or ■owalglo try Works throafh tbs blood. Pint does 44. General building will decrease during 1949 although the cost of building may decline a little. , The quality of workmanship will im prove. 45. Both office and residential rents will be higher fn 1949. Only as property owners are granted high er rentals, will there be enough hous es to rent. 46. Mortgage interests rates dur ing 1949 will continue about the same as in 1948. Any changes will be toward increases. PoUtics 47. The administration will encou rage legitimate i^ew enterprises and JuU.. .employment continuing its loy- .•+ r alty to labor and the farmers. 48. Vacancies in the various com missions and government corpora tions organized since 1932 and which have great powers will be filled by men acquainted wit^i legitimate bus iness but friendly to Mr. Truman. 49. Congress will take our foreign policy out of the hands of the state department and the brass hats. 50. The administration will be fair both to labor and management or lose the congressional elections of 1950 by bringing on depression. Belk’s ‘Belk’s Have You In Mind for ’49” WASH CLOTHS 5c Wonderful Value! BATH TOWELS 29c 18x36 Were 39< UNBLEACHED: SHEETING 16cyd. 39 Inches Wide Double Bed SHEETS $1.99 ONE TABLE of FANCY LINEN ITEMS DRASTICALLY REDUCED SHAG RUGS 99c Rose or Yellow Double Bed BLANKETS Reduced to $4.88 LOOK! CURTAINS $L99 45x90 Inches Tfehutiful Quality Fair NEW SHIPMENT BED SPREADS Made To Sell for Much Higher Price - WHITE SALE PRICE $3.99 SPECIAL LOT 49c VALUE COTTON PRINT 33c Yard 68x72 and 80 Square WHITE GOODS 44c Nurse’s Linen Pajama Check Nainsook ( Just 50 Large Packages Vel and Super Suds TO GO AT IOC Lady Caroline Nylons Special for Thurs., Fri., Sat. 88C LADIES’ SLIPS $2.66 Regular $3.98 Value 1st Quality Rayon Crepe 32 to 44 $3.98 Value Six Gore White, Tearose Limit 2 Pairs to a Customer! Slight Irregulars Popular Shades If Perfect These Would Sell for $1.69 a Pair 51 Gauge 15 Denier LADIES’ PLASTIC RAINCOATS 81.99 Flared Swing Back Three Way Belt Bound Inner Seam Non-Detachable Hood Grey, Blue, Green Small, Medium, Large Scoop! THERE’S COLD WEATHER AHEAD, SO WE MADE A SPECIAL PURCHASE OF MEN’S OVERCOATS 100% Wool Not $39.50! Not $29.50! BUT $19.88 Fleeces and Camel’s Hair Blue, Tan and Brown Sizes 34 to 44 Limited Quantity Organdy Pique Batiste Dotted Swiss Ixrngcloth Broadcloth NEW SHIPMENT MEN’S BLUE CHAMBRAY WORK SHIRTS 99c Sizes 14 to *7 Full Cut Sanforized Shrunk MEN’S REGtJLAR WHITE POCKET Handkerchiefs 5c Limit 5 to a Customer WHILE THEY LAST! Men’s Shirts 81. 94 White and Colors Sizes 14 to 17 Full Cut Sanforized BIG REDUCTIONS ON MEN’S SUITS i ALL SHOES REDUCED ONE GROUP LADIES’ DRESS *. SHOES .. ... $2.99 Values to $8.95 Patent Leathers AD Colors Calfskins All Sizes # Kids ONE GROUP MEN’S MEN’S SWEATERS SHORTS 59c Reduced to $LOO 2 for $1.00 100% Wool Sanforized Vat Dyed Solids 30 to 44 Small and Medium Stripes 79c Valu WOMEN’S SNUGG1ES 39c Worth 69c Full Cut First Quality Elastic Leg and Waist Small, Medium, Large LADIES’ Better DRESSES That Were up to $16.98 CLEARANCE PRICE IS $7.44 There is a grand selection to choose from, so hurry in early LOOK AT THIS VALUE COTTON DRESSES for $1.99 ONE GROUP WOMEN’S DRESS SHOES Values to $5.95 CLEARANCE PRICE 99c CLOSE OUT MEN’S LEATHER OXFORDS Outrageous Low Price $4A8 Tans and Blacks Leather Uppers with Leather and Composition Soles REDUCED! REDUCED! MEN’S JACKETS $3.99 Wool, Leather or Wool and Leather Combinations, in sizes 36 to 46 BOYS’ JACKETS Reduced to $7.88 All Leather, — Flannel Lined Zipper Front — Sizes 6 to 16 $12.95 Value CLOSE OUT Boy*’ PAJAMAS Reduced to $1.44 Lastex Waist, Button Front BOYS’ DRESS SHIRTS Reduced to 99c Size 4 to 16, Values to $1.98 u !! II ilL