The Clinton chronicle. (Clinton, S.C.) 1901-current, January 06, 1949, Image 8
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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will be repealed or amended to en- they are unable to work due to 1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
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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.
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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
!!
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